The Middle East and Africa Plant-Based Beverages Market is expected to witness market growth at a rate of 8.8% in the forecast period of 2021 to 2028.
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The Middle East and Africa (MEA) region has seen a growing interest in plant-based beverages over the past few years. Several factors contribute to the increasing importance of plant-based beverages in this region:
Health and Wellness Trends: Consumers in the Middle East and Africa are becoming more health-conscious, leading to a rise in demand for healthier beverage options. Plant-based beverages, such as almond milk, soy milk, and coconut water, are often perceived as healthier alternatives to traditional dairy products.
Lactose Intolerance and Allergies: Lactose intolerance is relatively common in certain populations, and plant-based beverages offer a dairy-free alternative for individuals who may experience digestive issues with traditional dairy products. Plant-based options are also suitable for people with dairy allergies.
Cultural and Dietary Preferences: Plant-based diets have historical roots in some cultures within the Middle East and Africa. Traditional diets in certain regions rely heavily on plant-based ingredients, and plant-based beverages align with these dietary preferences.
Environmental Concerns: Increasing awareness of environmental issues, including concerns about water usage and land resources associated with traditional dairy farming, has contributed to a shift toward plant-based alternatives. Plant-based beverages often have a lower environmental impact compared to animal-based products.
Economic Factors: The agriculture landscape in the MEA region may favor the production of certain plant-based ingredients, making it economically viable to create plant-based beverages. This can contribute to local economic development and sustainability.
Urbanization and Changing Lifestyles: As urbanization accelerates in many parts of the Middle East and Africa, lifestyles are changing. Busier schedules and a desire for convenient, on-the-go options have driven the demand for ready-to-drink plant-based beverages.
Market Analysis and Insights: Middle East and Africa Plant-Based Beverages Market
The plant-based beverages market is expected to witness market growth at a rate of 8.8% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the plant-based beverages market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while impacting the market’s growth. The expansion of the food and beverage sector is escalating the growth of the plant-based beverages market.
Plant-based beverage refers to the type of drinks that can be utilized as a substitute for dairy. These beverages are generally derived from plants and are considered a very healthy alternative to dairy. Some of the most popular plant-based beverage choices include rice, almond, and soymilk. These beverages are considered healthy, because of the high presence of several essential vitamins and minerals. They possess low cholesterol, and fats, and have zero concentration of lactose.
Middle East and Africa Plant-Based Beverages Market Scope and Market Size
The plant-based beverages market is segmented on the basis of type, source, and function. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the plant-based beverages market is segmented into milk and others
- On the basis of function, the plant-based beverages market is segmented into cardiovascular health, cancer prevention, bone health, lactose-free alternative, and others.
Middle East and Africa Plant-Based Beverages Market Country-Level Analysis
- The plant-based beverages market is analysed and market size and volume information are provided by country, type, source, and function as referenced above.
- The countries covered in the Middle East and Africa plant-based beverages market report are UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, the Rest of the Middle East, and Africa (MEA) as part of the Middle East and Africa (MEA).
- The country section of the plant-based beverages market report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import-export analysis, price trend analysis, cost of raw materials, and down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and African brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Plant-Based Beverages Market Share Analysis
The plant-based beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plant-based beverages market.
Key players
The major players covered in the plant-based beverages market report are Hain Celestial, Pureharvest, SunOpta, Want Want China Holdings Limited, Kikkoman Corporation, Ripple Foods, Califia Farms, THE COCA COLA COMPANY, Pulmuone Foods USA, Inc., Troll Bridge Creek, Pepsi Co., CSC BRANDS, L.P., BORGES INTERNATIONAL GROUP, S.L., Blue Diamond Growers, and DANONE SA, among others. DBMR analysts understand competitive strengths and provide competitive analyses for each competitor separately.
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MAJOR TOC OF THE REPORT
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Chapter Six: Middle East and Africa Plant-Based Beverages Market
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