Analyst Perspective
The global plant-based beverages market is estimated to register a CAGR of ~10%. The increasing embrace of vegan and vegetarian diets, especially among millennials, along with a surge in health-conscious alternatives, is poised to drive significant market growth. Increasing lactose intolerance and dairy allergies, veganism, and health awareness drive plant-based beverage growth. Price competitiveness and regulatory concerns may hamper plant-based beverage market growth. Rising health awareness, environmental trends, and product innovation are growth-driven opportunities for the plant-based beverages market.
Market Overview
Plant-based beverages from plants offer a nutritious substitute for dairy items. They are packed with vitamins minerals, and low in fat and cholesterol. Growing consumer preference for plant-based beverages is broadening the industry's horizon. Consumers' focus on health and sustainability is fueling a significant shift towards plant-based beverages, propelled by their lack of harmful chemicals and diverse health benefits. The use of plant-based milk in various beverages is expected to boost owing to surging awareness regarding the availability of such products. Plant-based innovations in ingredients and processing technologies enhance the taste, nutrition, and sustainability of beverages. Emerging plant-based proteins like peas and oats elevate protein content and texture. New processing technologies enable plant-based beverages with a longer shelf life and better flavor stability. The vegan population estimated growth in demand for plant-based beverages and the introduction of a new variety of products to provide lucrative growth opportunities for the plant-based beverage market.
Market Drivers
- Lactose intolerance and dairy allergies are propelling the demand for plant-based alternatives, offering delicious and accessible options to individuals.
- The growing popularity of vegan lifestyles in developed and developing countries ignites the plant-based beverages market.
- Increased awareness of plant-based beverages' nutritional benefits and diverse flavors attracts health-conscious consumers seeking delicious and healthy options.
- Clear nutrition labels and a more comprehensive range of brands offering plant-based options empower consumers to make informed choices and drive market growth.
Market Segmentation
The global plant-based beverages market is segmented based on source, product type, category, and distribution channel. The plant-based beverages market is segmented based on source into soy, almond, oat, coconut, and others. The plant-based beverages market is segmented based on product types into RTD tea and coffee, juices, plant-based milk, and others. The plant-based beverages market is segmented based on category into organic and conventional. The global plant-based beverages market is segmented based on distribution channels into supermarkets and hypermarkets, convenience stores, online retail, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global plant- based beverages market based on several segments. It also provides market size and forecast estimates from 2020 to 2030 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The plant-based beverages market by region is also sub-segmented by respective countries and segments. The plant-based beverages market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the plant-based beverages market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' plant-based beverages market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the plant-based beverages market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The plant-based beverages market players are anticipated to have lucrative growth opportunities with the increasing demand for vegan products in the global market.
The report includes key company profiles, SWOT analysis, and plant-based beverage market strategies. The report also focuses on leading market players with information including company profiles, components, and services offered, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the plant-based beverages market.
- Danone
- ALOHA
- Ripple Foods
- EVOLVE
- Forager Project
- Orgain, LLC
- Rebel Kitchen
- Blue Diamond Growers
- PureHarvest
- Califia Farms, LLC
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Plant-based Beverages Market - By Source
1.3.2Plant-based Beverages Market - By Nature
1.3.3Plant-based Beverages Market - By Format
1.3.4Plant-based Beverages Market - By Packaging
1.3.5Plant-based Beverages Market - By Distribution Channel
1.3.6Plant-based Beverages Market - By Region
1.3.6.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.PLANT-BASED BEVERAGES MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.PLANT-BASED BEVERAGES MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.PLANT-BASED BEVERAGES MARKET - GLOBAL MARKET ANALYSIS
6.1.PLANT-BASED BEVERAGES - GLOBAL MARKET OVERVIEW
6.2.PLANT-BASED BEVERAGES - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PLANT-BASED BEVERAGES MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1.OVERVIEW
7.2.SOURCE MARKET FORECASTS AND ANALYSIS
7.3.DAIRY ALTERNATIVES
7.3.1.Overview
7.3.2.Dairy Alternatives Market Forecast and Analysis
7.3.3.Almond milk Market
7.3.3.1.Overview
7.3.3.2.Almond milk Market Forecast and Analysis
7.3.4.Soy milk Market
7.3.4.1.Overview
7.3.4.2.Soy milk Market Forecast and Analysis
7.3.5.Coconut milk Market
7.3.5.1.Overview
7.3.5.2.Coconut milk Market Forecast and Analysis
7.3.6.Rice milk Market
7.3.6.1.Overview
7.3.6.2.Rice milk Market Forecast and Analysis
7.3.7.Oats milk Market
7.3.7.1.Overview
7.3.7.2.Oats milk Market Forecast and Analysis
7.3.8.Seed milk Market
7.3.8.1.Overview
7.3.8.2.Seed milk Market Forecast and Analysis
7.3.9.Cashew milk Market
7.3.9.1.Overview
7.3.9.2.Cashew milk Market Forecast and Analysis
7.3.10.Others Market
7.3.10.1.Overview
7.3.10.2.Others Market Forecast and Analysis
7.4.RTD DRINKS
7.4.1.Overview
7.4.2.RTD Drinks Market Forecast and Analysis
7.4.3.Coffee Market
7.4.3.1.Overview
7.4.3.2.Coffee Market Forecast and Analysis
7.4.4.Tea Market
7.4.4.1.Overview
7.4.4.2.Tea Market Forecast and Analysis
7.5.PLANT-BASED JUICES
7.5.1.Overview
7.5.2.Plant-based Juices Market Forecast and Analysis
7.5.3.Fruit Market
7.5.3.1.Overview
7.5.3.2.Fruit Market Forecast and Analysis
7.5.4.Vegetable Market
7.5.4.1.Overview
7.5.4.2.Vegetable Market Forecast and Analysis
8.PLANT-BASED BEVERAGES MARKET - REVENUE AND FORECASTS TO 2028 - NATURE
8.1.OVERVIEW
8.2.NATURE MARKET FORECASTS AND ANALYSIS
8.3.ORGANIC
8.3.1.Overview
8.3.2.Organic Market Forecast and Analysis
8.4.CONVENTIONAL
8.4.1.Overview
8.4.2.Conventional Market Forecast and Analysis
9.PLANT-BASED BEVERAGES MARKET - REVENUE AND FORECASTS TO 2028 - FORMAT
9.1.OVERVIEW
9.2.FORMAT MARKET FORECASTS AND ANALYSIS
9.3.REGULAR
9.3.1.Overview
9.3.2.Regular Market Forecast and Analysis
9.4.FLAVORED
9.4.1.Overview
9.4.2.Flavored Market Forecast and Analysis
10.PLANT-BASED BEVERAGES MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING
10.1.OVERVIEW
10.2.PACKAGING MARKET FORECASTS AND ANALYSIS
10.3.GLASS BOTTLES
10.3.1.Overview
10.3.2.Glass Bottles Market Forecast and Analysis
10.4.PLASTIC BOTTLES AND POUCHES
10.4.1.Overview
10.4.2.Plastic Bottles and Pouches Market Forecast and Analysis
10.5.CARTON PACKAGING
10.5.1.Overview
10.5.2.Carton Packaging Market Forecast and Analysis
10.6.CANS
10.6.1.Overview
10.6.2.Cans Market Forecast and Analysis
11.PLANT-BASED BEVERAGES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
11.1.OVERVIEW
11.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
11.3.HYPERMARKETS AND SUPERMARKETS
11.3.1.Overview
11.3.2.Hypermarkets and Supermarkets Market Forecast and Analysis
11.4.CONVENIENCE STORES
11.4.1.Overview
11.4.2.Convenience Stores Market Forecast and Analysis
11.5.INDEPENDENT SMALL GROCERIES
11.5.1.Overview
11.5.2.Independent Small groceries Market Forecast and Analysis
11.6.SPECIALTY STORES
11.6.1.Overview
11.6.2.Specialty Stores Market Forecast and Analysis
11.7.ONLINE RETAILERS
11.7.1.Overview
11.7.2.Online Retailers Market Forecast and Analysis
12.PLANT-BASED BEVERAGES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1.NORTH AMERICA
12.1.1North America Plant-based Beverages Market Overview
12.1.2North America Plant-based Beverages Market Forecasts and Analysis
12.1.3North America Plant-based Beverages Market Forecasts and Analysis - By Source
12.1.4North America Plant-based Beverages Market Forecasts and Analysis - By Nature
12.1.5North America Plant-based Beverages Market Forecasts and Analysis - By Format
12.1.6North America Plant-based Beverages Market Forecasts and Analysis - By Packaging
12.1.7North America Plant-based Beverages Market Forecasts and Analysis - By Distribution Channel
12.1.8North America Plant-based Beverages Market Forecasts and Analysis - By Countries
12.1.8.1United States Plant-based Beverages Market
12.1.8.1.1United States Plant-based Beverages Market by Source
12.1.8.1.2United States Plant-based Beverages Market by Nature
12.1.8.1.3United States Plant-based Beverages Market by Format
12.1.8.1.4United States Plant-based Beverages Market by Packaging
12.1.8.1.5United States Plant-based Beverages Market by Distribution Channel
12.1.8.2Canada Plant-based Beverages Market
12.1.8.2.1Canada Plant-based Beverages Market by Source
12.1.8.2.2Canada Plant-based Beverages Market by Nature
12.1.8.2.3Canada Plant-based Beverages Market by Format
12.1.8.2.4Canada Plant-based Beverages Market by Packaging
12.1.8.2.5Canada Plant-based Beverages Market by Distribution Channel
12.1.8.3Mexico Plant-based Beverages Market
12.1.8.3.1Mexico Plant-based Beverages Market by Source
12.1.8.3.2Mexico Plant-based Beverages Market by Nature
12.1.8.3.3Mexico Plant-based Beverages Market by Format
12.1.8.3.4Mexico Plant-based Beverages Market by Packaging
12.1.8.3.5Mexico Plant-based Beverages Market by Distribution Channel
12.2.EUROPE
12.2.1Europe Plant-based Beverages Market Overview
12.2.2Europe Plant-based Beverages Market Forecasts and Analysis
12.2.3Europe Plant-based Beverages Market Forecasts and Analysis - By Source
12.2.4Europe Plant-based Beverages Market Forecasts and Analysis - By Nature
12.2.5Europe Plant-based Beverages Market Forecasts and Analysis - By Format
12.2.6Europe Plant-based Beverages Market Forecasts and Analysis - By Packaging
12.2.7Europe Plant-based Beverages Market Forecasts and Analysis - By Distribution Channel
12.2.8Europe Plant-based Beverages Market Forecasts and Analysis - By Countries
12.2.8.1Germany Plant-based Beverages Market
12.2.8.1.1Germany Plant-based Beverages Market by Source
12.2.8.1.2Germany Plant-based Beverages Market by Nature
12.2.8.1.3Germany Plant-based Beverages Market by Format
12.2.8.1.4Germany Plant-based Beverages Market by Packaging
12.2.8.1.5Germany Plant-based Beverages Market by Distribution Channel
12.2.8.2France Plant-based Beverages Market
12.2.8.2.1France Plant-based Beverages Market by Source
12.2.8.2.2France Plant-based Beverages Market by Nature
12.2.8.2.3France Plant-based Beverages Market by Format
12.2.8.2.4France Plant-based Beverages Market by Packaging
12.2.8.2.5France Plant-based Beverages Market by Distribution Channel
12.2.8.3Italy Plant-based Beverages Market
12.2.8.3.1Italy Plant-based Beverages Market by Source
12.2.8.3.2Italy Plant-based Beverages Market by Nature
12.2.8.3.3Italy Plant-based Beverages Market by Format
12.2.8.3.4Italy Plant-based Beverages Market by Packaging
12.2.8.3.5Italy Plant-based Beverages Market by Distribution Channel
12.2.8.4United Kingdom Plant-based Beverages Market
12.2.8.4.1United Kingdom Plant-based Beverages Market by Source
12.2.8.4.2United Kingdom Plant-based Beverages Market by Nature
12.2.8.4.3United Kingdom Plant-based Beverages Market by Format
12.2.8.4.4United Kingdom Plant-based Beverages Market by Packaging
12.2.8.4.5United Kingdom Plant-based Beverages Market by Distribution Channel
12.2.8.5Russia Plant-based Beverages Market
12.2.8.5.1Russia Plant-based Beverages Market by Source
12.2.8.5.2Russia Plant-based Beverages Market by Nature
12.2.8.5.3Russia Plant-based Beverages Market by Format
12.2.8.5.4Russia Plant-based Beverages Market by Packaging
12.2.8.5.5Russia Plant-based Beverages Market by Distribution Channel
12.2.8.6Rest of Europe Plant-based Beverages Market
12.2.8.6.1Rest of Europe Plant-based Beverages Market by Source
12.2.8.6.2Rest of Europe Plant-based Beverages Market by Nature
12.2.8.6.3Rest of Europe Plant-based Beverages Market by Format
12.2.8.6.4Rest of Europe Plant-based Beverages Market by Packaging
12.2.8.6.5Rest of Europe Plant-based Beverages Market by Distribution Channel
12.3.ASIA-PACIFIC
12.3.1Asia-Pacific Plant-based Beverages Market Overview
12.3.2Asia-Pacific Plant-based Beverages Market Forecasts and Analysis
12.3.3Asia-Pacific Plant-based Beverages Market Forecasts and Analysis - By Source
12.3.4Asia-Pacific Plant-based Beverages Market Forecasts and Analysis - By Nature
12.3.5Asia-Pacific Plant-based Beverages Market Forecasts and Analysis - By Format
12.3.6Asia-Pacific Plant-based Beverages Market Forecasts and Analysis - By Packaging
12.3.7Asia-Pacific Plant-based Beverages Market Forecasts and Analysis - By Distribution Channel
12.3.8Asia-Pacific Plant-based Beverages Market Forecasts and Analysis - By Countries
12.3.8.1Australia Plant-based Beverages Market
12.3.8.1.1Australia Plant-based Beverages Market by Source
12.3.8.1.2Australia Plant-based Beverages Market by Nature
12.3.8.1.3Australia Plant-based Beverages Market by Format
12.3.8.1.4Australia Plant-based Beverages Market by Packaging
12.3.8.1.5Australia Plant-based Beverages Market by Distribution Channel
12.3.8.2China Plant-based Beverages Market
12.3.8.2.1China Plant-based Beverages Market by Source
12.3.8.2.2China Plant-based Beverages Market by Nature
12.3.8.2.3China Plant-based Beverages Market by Format
12.3.8.2.4China Plant-based Beverages Market by Packaging
12.3.8.2.5China Plant-based Beverages Market by Distribution Channel
12.3.8.3India Plant-based Beverages Market
12.3.8.3.1India Plant-based Beverages Market by Source
12.3.8.3.2India Plant-based Beverages Market by Nature
12.3.8.3.3India Plant-based Beverages Market by Format
12.3.8.3.4India Plant-based Beverages Market by Packaging
12.3.8.3.5India Plant-based Beverages Market by Distribution Channel
12.3.8.4Japan Plant-based Beverages Market
12.3.8.4.1Japan Plant-based Beverages Market by Source
12.3.8.4.2Japan Plant-based Beverages Market by Nature
12.3.8.4.3Japan Plant-based Beverages Market by Format
12.3.8.4.4Japan Plant-based Beverages Market by Packaging
12.3.8.4.5Japan Plant-based Beverages Market by Distribution Channel
12.3.8.5South Korea Plant-based Beverages Market
12.3.8.5.1South Korea Plant-based Beverages Market by Source
12.3.8.5.2South Korea Plant-based Beverages Market by Nature
12.3.8.5.3South Korea Plant-based Beverages Market by Format
12.3.8.5.4South Korea Plant-based Beverages Market by Packaging
12.3.8.5.5South Korea Plant-based Beverages Market by Distribution Channel
12.3.8.6Rest of Asia-Pacific Plant-based Beverages Market
12.3.8.6.1Rest of Asia-Pacific Plant-based Beverages Market by Source
12.3.8.6.2Rest of Asia-Pacific Plant-based Beverages Market by Nature
12.3.8.6.3Rest of Asia-Pacific Plant-based Beverages Market by Format
12.3.8.6.4Rest of Asia-Pacific Plant-based Beverages Market by Packaging
12.3.8.6.5Rest of Asia-Pacific Plant-based Beverages Market by Distribution Channel
12.4.MIDDLE EAST AND AFRICA
12.4.1Middle East and Africa Plant-based Beverages Market Overview
12.4.2Middle East and Africa Plant-based Beverages Market Forecasts and Analysis
12.4.3Middle East and Africa Plant-based Beverages Market Forecasts and Analysis - By Source
12.4.4Middle East and Africa Plant-based Beverages Market Forecasts and Analysis - By Nature
12.4.5Middle East and Africa Plant-based Beverages Market Forecasts and Analysis - By Format
12.4.6Middle East and Africa Plant-based Beverages Market Forecasts and Analysis - By Packaging
12.4.7Middle East and Africa Plant-based Beverages Market Forecasts and Analysis - By Distribution Channel
12.4.8Middle East and Africa Plant-based Beverages Market Forecasts and Analysis - By Countries
12.4.8.1South Africa Plant-based Beverages Market
12.4.8.1.1South Africa Plant-based Beverages Market by Source
12.4.8.1.2South Africa Plant-based Beverages Market by Nature
12.4.8.1.3South Africa Plant-based Beverages Market by Format
12.4.8.1.4South Africa Plant-based Beverages Market by Packaging
12.4.8.1.5South Africa Plant-based Beverages Market by Distribution Channel
12.4.8.2Saudi Arabia Plant-based Beverages Market
12.4.8.2.1Saudi Arabia Plant-based Beverages Market by Source
12.4.8.2.2Saudi Arabia Plant-based Beverages Market by Nature
12.4.8.2.3Saudi Arabia Plant-based Beverages Market by Format
12.4.8.2.4Saudi Arabia Plant-based Beverages Market by Packaging
12.4.8.2.5Saudi Arabia Plant-based Beverages Market by Distribution Channel
12.4.8.3U.A.E Plant-based Beverages Market
12.4.8.3.1U.A.E Plant-based Beverages Market by Source
12.4.8.3.2U.A.E Plant-based Beverages Market by Nature
12.4.8.3.3U.A.E Plant-based Beverages Market by Format
12.4.8.3.4U.A.E Plant-based Beverages Market by Packaging
12.4.8.3.5U.A.E Plant-based Beverages Market by Distribution Channel
12.4.8.4Rest of Middle East and Africa Plant-based Beverages Market
12.4.8.4.1Rest of Middle East and Africa Plant-based Beverages Market by Source
12.4.8.4.2Rest of Middle East and Africa Plant-based Beverages Market by Nature
12.4.8.4.3Rest of Middle East and Africa Plant-based Beverages Market by Format
12.4.8.4.4Rest of Middle East and Africa Plant-based Beverages Market by Packaging
12.4.8.4.5Rest of Middle East and Africa Plant-based Beverages Market by Distribution Channel
12.5.SOUTH AND CENTRAL AMERICA
12.5.1South and Central America Plant-based Beverages Market Overview
12.5.2South and Central America Plant-based Beverages Market Forecasts and Analysis
12.5.3South and Central America Plant-based Beverages Market Forecasts and Analysis - By Source
12.5.4South and Central America Plant-based Beverages Market Forecasts and Analysis - By Nature
12.5.5South and Central America Plant-based Beverages Market Forecasts and Analysis - By Format
12.5.6South and Central America Plant-based Beverages Market Forecasts and Analysis - By Packaging
12.5.7South and Central America Plant-based Beverages Market Forecasts and Analysis - By Distribution Channel
12.5.8South and Central America Plant-based Beverages Market Forecasts and Analysis - By Countries
12.5.8.1Brazil Plant-based Beverages Market
12.5.8.1.1Brazil Plant-based Beverages Market by Source
12.5.8.1.2Brazil Plant-based Beverages Market by Nature
12.5.8.1.3Brazil Plant-based Beverages Market by Format
12.5.8.1.4Brazil Plant-based Beverages Market by Packaging
12.5.8.1.5Brazil Plant-based Beverages Market by Distribution Channel
12.5.8.2Argentina Plant-based Beverages Market
12.5.8.2.1Argentina Plant-based Beverages Market by Source
12.5.8.2.2Argentina Plant-based Beverages Market by Nature
12.5.8.2.3Argentina Plant-based Beverages Market by Format
12.5.8.2.4Argentina Plant-based Beverages Market by Packaging
12.5.8.2.5Argentina Plant-based Beverages Market by Distribution Channel
12.5.8.3Rest of South and Central America Plant-based Beverages Market
12.5.8.3.1Rest of South and Central America Plant-based Beverages Market by Source
12.5.8.3.2Rest of South and Central America Plant-based Beverages Market by Nature
12.5.8.3.3Rest of South and Central America Plant-based Beverages Market by Format
12.5.8.3.4Rest of South and Central America Plant-based Beverages Market by Packaging
12.5.8.3.5Rest of South and Central America Plant-based Beverages Market by Distribution Channel
13.INDUSTRY LANDSCAPE
13.1.MERGERS AND ACQUISITIONS
13.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3.NEW PRODUCT LAUNCHES
13.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14.PLANT-BASED BEVERAGES MARKET, KEY COMPANY PROFILES
14.1.BLUE DIAMOND GROWERS
14.1.1.Key Facts
14.1.2.Business Description
14.1.3.Products and Services
14.1.4.Financial Overview
14.1.5.SWOT Analysis
14.1.6.Key Developments
14.2.CALIFIA FARMS
14.2.1.Key Facts
14.2.2.Business Description
14.2.3.Products and Services
14.2.4.Financial Overview
14.2.5.SWOT Analysis
14.2.6.Key Developments
14.3.DANONE S.A.
14.3.1.Key Facts
14.3.2.Business Description
14.3.3.Products and Services
14.3.4.Financial Overview
14.3.5.SWOT Analysis
14.3.6.Key Developments
14.4.HAIN CELESTIAL GROUP
14.4.1.Key Facts
14.4.2.Business Description
14.4.3.Products and Services
14.4.4.Financial Overview
14.4.5.SWOT Analysis
14.4.6.Key Developments
14.5.KIKKOMAN CORPORATION
14.5.1.Key Facts
14.5.2.Business Description
14.5.3.Products and Services
14.5.4.Financial Overview
14.5.5.SWOT Analysis
14.5.6.Key Developments
14.6.PACIFIC FOODS OF OREGON, LLC.
14.6.1.Key Facts
14.6.2.Business Description
14.6.3.Products and Services
14.6.4.Financial Overview
14.6.5.SWOT Analysis
14.6.6.Key Developments
14.7.PULMUONE FOODS USA, INC.
14.7.1.Key Facts
14.7.2.Business Description
14.7.3.Products and Services
14.7.4.Financial Overview
14.7.5.SWOT Analysis
14.7.6.Key Developments
14.8.PUREHARVEST
14.8.1.Key Facts
14.8.2.Business Description
14.8.3.Products and Services
14.8.4.Financial Overview
14.8.5.SWOT Analysis
14.8.6.Key Developments
14.9.RIPPLE FOODS
14.9.1.Key Facts
14.9.2.Business Description
14.9.3.Products and Services
14.9.4.Financial Overview
14.9.5.SWOT Analysis
14.9.6.Key Developments
14.10.SUNOPTA INC.
14.10.1.Key Facts
14.10.2.Business Description
14.10.3.Products and Services
14.10.4.Financial Overview
14.10.5.SWOT Analysis
14.10.6.Key Developments
15.APPENDIX
15.1.ABOUT THE INSIGHT PARTNERS
15.2.GLOSSARY OF TERMS
The List of Companies
1.Blue Diamond Growers
2.Califia Farms
3.Danone S.A.
4.Hain Celestial Group
5.Kikkoman Corporation
6.Pacific Foods of Oregon, LLC.
7.Pulmuone Foods USA, Inc.
8.Pureharvest
9.Ripple Foods
10.SunOpta Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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