Vancouver, British Columbia--(Newsfile Corp. - April 15, 2021) - The Global Plant-Based Food & Beverage Alternatives Market is forecasted to be worth USD 32.29 billion by 2027, according to a current analysis by Emergen Research. The growing emphasis on the plant-based meat & dairy alternatives amongst the lactose intolerants & other patients associated with ailments that forbid the ingestion of meat and rising concerns with the weight management, higher emphasis on weight loss are some of the valuable reasons behind the growth of the market.
Additionally, an upsurge in the vegan population and the growing practice of consuming low fat milks has been some of the direct propelling factors behind the substantial demand for this market. Besides, some of the plant-based milk have been very effective on enhancing antioxidant degree, providing exceptionally low sugar & calorie content, working as an efficient source of calcium for the bones & providing high bone density, digestive health & weight management.
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The global market landscape of Plant-Based Food & Beverage Alternatives is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
Further key findings from the report suggest:
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For the purpose of this report, Emergen Research has segmented into the global Plant-Based Food & Beverages Market on the basis of Product Type, Source, Distribution Channel, and Region:
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