Study: Sales of plant-based beverages soar as consumers adopt holistic view of health & wellness
According to the this research study, consumers will continue to show marked preferences for dairy alternatives over any other source type.
Worldwide demand for plant-based beverages is estimated to grow by leaps and bounds, on account of consumers’ holistic approach to health and wellness. In fact, the demand for plant-based beverages is likely to expand at a CAGR of over 6% through 2028, as per research released by Persistence Market Research, New York.
The growth of plant-based beverages continues to be influenced by the pervasive trend of veganism and flexitarianism. Rapid gravitation toward plant-based diets coupled with increasing cases of food allergies and lactose intolerance are also creating favorable grounds for growth of plant-based beverages.