This investment will allow Vive Organic to continue its rapid growth and expand distribution nationwide in both natural and conventional grocery stores and other retailers.
November 2, 2018
Vive Organic, Venice, Calif., closed a $7 million Series A funding round led by Los Angeles-based Powerplant Ventures.
The almond segment is projected to dominate the plant-based beverages market, in terms of value, through 2023.
October 19, 2018
The plant-based beverage market is estimated at $11.16 billion in 2018 and is projected to reach $19.67 billion by 2023, growing at a CAGR of 12% from 2018-2023, according to "Plant-based Beverages Market by Source (Almond, Soy, Coconut, and Rice), Type (Milk and Other Drinks), Function (Cardiovascular health, Cancer prevention, Lactose intolerance, and Bone health) and Region - Global Forecast to 2023,” a report published by MarketsandMarkets, New York.
The dairy alternatives market is growing at the highest CAGR, making it the most attractive category for plant-based beverage manufacturers.
October 3, 2018
The global plant-based beverages market is estimated to reach $474,666.1 million by 2028, with a CAGR of 6.7% during 2018-2028, revised from the previous CAGR of 5.2%, according to research released by Future Market Insights, Valley Cottage, N.Y.