Plant-based Beverage Market is Estimated to Reach $56.73 Billion with a 11.9% CAGR By 2034 | Fact.MR Reports [Yahoo! Finance]
KKR & Co. Inc. (KKR)
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Source: Yahoo! Finance
Rockville, MD, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Fact.MR, a market research and competitive intelligence provider, through its new market analysis, mentioned that revenue from the plant-based beverage market is approximated to reach US$ 18.45 billion in 2024 and advance at a digit CAGR of 11.9% through 2034. Growing health concerns about issues such as lactose intolerance, cholesterol control, and digestive disorders are driving up demand for plant-based beverages among consumers. Plant-based diets are thought to be healthier than dairy products, which is another factor driving market demand. Non-dairy alternatives are gaining prominence as flexitarian and vegan diets become more popular. The reforms are motivated by health, ethical, and environmental concerns. As consumers are becoming more aware of the environmental effects of animal agriculture, such as water use and greenhouse gas emissions, they are choosing ecologically friendly products such as plant-based beverages. The fla
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