Plant-based Water Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0197376
  • Format: Electronic (PDF)
  • Number of Pages: 199
  • Author(s): Joshi, Madhavi

Report Overview

The Plant-based Water Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.00% during the forecast period (2024-2030).

Plant-based Water Market

(Market Size)
$1.2 billion
$2.2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.00%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.2 billion
Key Players Coca-Cola (Smartwater), PepsiCo (LIFEWTR), Vita Coco, Just Water, Boxed Water

Market Summary

The plant-based water market represents an innovative segment within the broader beverage industry, focusing on waters derived from natural plant sources such as maple, birch, coconut, aloe, and cactus. These products are marketed as enhanced hydration solutions that offer additional nutritional benefits, including natural electrolytes, vitamins, and minerals, without artificial additives. The market has gained traction as consumers increasingly seek functional beverages that align with wellness and sustainability trends. Key players are introducing a variety of flavors and formulations to cater to diverse consumer preferences, driving competition and product diversification. The market is characterized by a blend of established beverage companies and agile startups, all vying for market share through innovation and strategic marketing. Distribution channels span online retail, supermarkets, health food stores, and convenience outlets, ensuring broad accessibility. As health consciousness rises and demand for clean-label products grows, the plant-based water market is positioned for continued expansion, appealing to a demographic that values natural, nutrient-rich hydration options.

Key Highlights

The plant-based water market is distinguished by several key highlights that underscore its growth and potential. A primary feature is the emphasis on natural sourcing and sustainability, with many products touting eco-friendly packaging and ethical harvesting practices. These waters are often perceived as healthier alternatives to traditional bottled water and sugary drinks, owing to their inherent nutritional profiles, which include antioxidants, electrolytes, and minimal processing. Innovation in flavor profiles and functional additions, such as added vitamins or adaptogens, is a significant trend, enabling brands to differentiate themselves and capture niche markets. The market also benefits from strong consumer interest in plant-based diets and holistic wellness, which drives trial and repeat purchases. Additionally, strategic partnerships and endorsements from health influencers and athletes are amplifying brand visibility and credibility. The competitive landscape is dynamic, with both multinational corporations and specialized startups actively launching new products and expanding into untapped geographical regions, further stimulating market evolution and consumer adoption.

Drivers, Opportunities & Restraints

The growth of the plant-based water market is propelled by several key drivers, including rising health consciousness among consumers who seek functional beverages that offer more than basic hydration. The trend towards natural and clean-label products is a significant factor, as consumers avoid artificial ingredients and prefer minimally processed options. Sustainability concerns also drive demand, with many plant-based waters marketed as environmentally friendly due to sustainable sourcing and biodegradable packaging. Opportunities abound in product innovation, such as developing new plant sources, flavors, and functional enhancements like immune support or energy boosting. Expansion into emerging markets presents another substantial opportunity, as disposable incomes rise and health trends gain traction globally. However, the market faces restraints, including high production costs compared to conventional bottled water, which can result in premium pricing that may limit mass-market adoption. Regulatory challenges related to health claims and labeling vary by region, potentially complicating market entry. Additionally, competition from other functional beverages, such as enhanced waters and sports drinks, poses a threat to market share, requiring continuous innovation and effective marketing to maintain consumer interest.

Concentration Insights

The plant-based water market exhibits a moderate level of concentration, with a mix of large multinational beverage companies and smaller, niche players. Leading companies such as Coca-Cola, PepsiCo, and Danone have entered the space through acquisitions or internal innovation, leveraging their extensive distribution networks and brand equity to capture significant market share. These giants often focus on scalability and broad consumer appeal, introducing plant-based waters under established brands or new sub-brands. Simultaneously, specialized companies like Harmless Harvest, DRINKmaple, and Sibberi emphasize authenticity, sustainability, and unique sourcing stories, catering to health-conscious and environmentally aware consumers. The market also sees participation from regional players who tailor products to local tastes and preferences, further diversifying the competitive landscape. Collaboration and partnerships are common, with larger firms often investing in or acquiring smaller brands to gain access to innovative products and dedicated consumer bases. This blend of scale and specialization fosters a dynamic environment where innovation thrives, but also intensifies competition, driving continuous improvement in product quality, marketing strategies, and sustainability initiatives.

Type Insights

The plant-based water market is segmented by type, with coconut water dominating due to its established popularity, widespread availability, and recognized health benefits, including natural electrolytes and hydration properties. Maple water has emerged as a strong contender, valued for its subtle sweetness and nutrient content, such as manganese and zinc, appealing to consumers seeking novel alternatives. Birch water, particularly popular in European markets, is praised for its detoxifying properties and unique flavor profile. Aloe vera water is gaining traction for its digestive health benefits and refreshing taste, often marketed as a wellness drink. Cactus water is another niche segment, known for its antioxidant properties and low calorie content, targeting health-conscious consumers. Other plant sources, such as artichoke and barley, are also being explored, though they remain less common. Each type offers distinct nutritional advantages and flavor experiences, allowing brands to cater to varied consumer preferences and dietary needs. Innovation within these segments continues, with companies experimenting with blends and fortifications to enhance functionality and taste, thereby expanding the market's appeal and driving segment growth.

Application Insights

Plant-based waters find applications across multiple channels within the food and beverage industry, primarily as direct consumption beverages for hydration and wellness. The retail segment, including supermarkets, convenience stores, and health food outlets, represents the largest application, offering broad consumer access and visibility. Online retail is rapidly growing, facilitated by e-commerce platforms and direct-to-consumer models that cater to digitally savvy shoppers seeking convenience and variety. The foodservice sector, including restaurants, cafes, and hotels, incorporates plant-based waters into menus as standalone drinks or ingredients in smoothies, cocktails, and culinary dishes, enhancing their appeal through experiential consumption. Additionally, the sports and fitness industry utilizes these waters as natural hydration solutions for athletes and active consumers, often highlighting electrolyte content and recovery benefits. The cosmetic and pharmaceutical industries also explore applications, leveraging the nutritional properties of plant waters in skincare products and health supplements. This diversification across applications not only drives sales but also reinforces the versatility and functional benefits of plant-based waters, supporting market expansion into new usage scenarios and consumer segments.

Regional Insights

The plant-based water market demonstrates distinct regional dynamics influenced by consumer preferences, health trends, and economic factors. North America leads in terms of market size and innovation, driven by high health consciousness, strong disposable incomes, and a well-established natural products industry. The United States is a key contributor, with consumers readily adopting new beverage trends and showing willingness to pay premium prices for functional benefits. Europe follows closely, with countries like the United Kingdom, Germany, and France embracing plant-based waters as part of broader wellness and sustainability movements. The Asia-Pacific region is experiencing rapid growth, fueled by rising health awareness, urbanization, and increasing influence of Western lifestyles. Countries such as China, Japan, and India are emerging as significant markets, with local and international brands expanding presence. Latin America and the Middle East and Africa are nascent but promising regions, where economic development and growing interest in healthy living are creating opportunities. However, cultural preferences and distribution challenges vary by region, necess tailored marketing and product strategies to effectively penetrate these diverse markets.

Company Insights

The competitive landscape of the plant-based water market features a diverse array of companies, ranging from global beverage leaders to specialized innovators. Major players like Coca-Cola, through its Zico brand, and PepsiCo, with its ownership of KeVita and Naked Juice, leverage extensive resources for research, marketing, and distribution. Danone, with its focus on health-oriented beverages, also holds a significant presence. Specialized companies such as Harmless Harvest emphasize organic and ethically sourced coconut water, building strong brand loyalty among health-conscious consumers. DRINKmaple is a key player in the maple water segment, highlighting sustainable tapping practices and nutritional authenticity. Sibberi focuses on birch water, catering to European and premium markets. Other notable companies include Aloe Vera of America in the aloe water space and Caliwater for cactus water. These companies compete on factors like product quality, sourcing transparency, flavor innovation, and sustainability credentials. Strategic initiatives often include partnerships with retailers, investments in eco-friendly packaging, and endorsements from health influencers to enhance brand perception and drive growth in a crowded marketplace.

Recent Developments

Recent developments in the plant-based water market reflect ongoing innovation and strategic moves by key players. Product launches have expanded to include new flavors and functional enhancements, such as added vitamins, minerals, and adaptogens, aimed at meeting evolving consumer demands for health and wellness. Sustainability initiatives have gained prominence, with companies investing in biodegradable packaging, water-saving technologies, and carbon-neutral certifications to appeal to environmentally conscious shoppers. Mergers and acquisitions continue to shape the landscape, as larger corporations acquire niche brands to diversify their portfolios and tap into dedicated consumer bases. For instance, there have been investments in startups focusing on unique plant sources like cactus or artichoke water. Marketing strategies have evolved to emphasize digital engagement, with brands leveraging social media and influencer partnerships to reach target audiences effectively. Geographically, expansion into emerging markets in Asia and Latin America is a key focus, accompanied by tailored products that respect local tastes and preferences. These developments indicate a market that is maturing yet remains dynamic, with continuous efforts to innovate and capture growth opportunities.

Report Segmentation

This comprehensive market research report on the plant-based water market is segmented to provide detailed insights across multiple dimensions. The segmentation by type includes coconut water, maple water, birch water, aloe vera water, cactus water, and others, allowing for an in-depth analysis of each segment's market dynamics, growth potential, and competitive landscape. Application segmentation covers retail stores, online sales, foodservice, and others, highlighting distribution channels and consumption patterns that drive market expansion. Geographical segmentation encompasses North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, offering regional analysis that identifies key growth areas, consumer behaviors, and regulatory environments. Additionally, the report includes segmentation by packaging type, such as bottles, cartons, and pouches, addressing sustainability trends and consumer preferences. Each segment is analyzed in terms of market trends, key players, and future outlook, providing stakeholders with actionable intelligence to inform strategic decisions. This structured approach ensures a holistic understanding of the market, enabling businesses to identify opportunities, assess risks, and develop targeted strategies for success in the evolving plant-based water industry.

FAQs

What is plant-based water? Plant-based water refers to beverages derived from the sap or liquid of plants such as coconuts, maple trees, birch trees, aloe vera, or cacti. These waters are naturally occurring and are often marketed as hydrating drinks with additional nutrients like electrolytes, vitamins, and minerals, appealing to health-conscious consumers seeking alternatives to traditional bottled water or sugary beverages.

What are the benefits of plant-based water? The benefits of plant-based water include natural hydration, often with added nutritional value such as electrolytes for balance, antioxidants for health, and vitamins for wellness. Many varieties are low in calories and free from artificial additives, making them suitable for those following clean-label or plant-based diets. Some types also offer specific functional benefits, like digestive support from aloe water or sustainable sourcing from maple water.

How is plant-based water made? Plant-based water is typically made by harvesting the natural sap or liquid from plants through tapping or extraction methods that do not harm the plant. For example, coconut water is obtained from young green coconuts, while maple water is collected from maple trees during specific seasons. The liquid is then often filtered and packaged with minimal processing to retain its natural nutrients, though some products may be pasteurized or have flavors added for taste.

Is plant-based water sustainable? Sustainability varies by product and brand, but many plant-based waters are promoted as environmentally friendly options. Practices such as sustainable harvesting, which allows plants to regenerate, and the use of recyclable or biodegradable packaging are common. However, concerns such as water usage and transportation impacts exist, leading companies to increasingly adopt certifications and transparent sourcing to enhance their sustainability credentials.

Who are the key players in the plant-based water market? Key players include large beverage companies like Coca-Cola (Zico coconut water), PepsiCo (KeVita), and Danone, as well as specialized brands such as Harmless Harvest, DRINKmaple, Sibberi, and Caliwater. These companies compete on factors like product innovation, quality, sustainability, and market reach, driving the growth and diversification of the plant-based water market.

Citius Research has developed a research report titled “Plant-based Water Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Plant-based Water Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Plant-based Water Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Plant-based Water Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Plant-based Water Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Plant-based Water Market
• Research Methodology
• Executive Summary
• Market Dynamics of Plant-based Water Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Plant-based Water Market
• Cost and Gross Margin Analysis of Plant-based Water Market
• Plant-based Water Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Plant-based Water Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Plant-based Water Market Key Stakeholders

Below are the key stakeholders for the Plant-based Water Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Plant-based Water Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Plant-based Water Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Plant-based Water Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Plant-based Water Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Plant-based Water Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Plant-based Water Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Plant-based Water Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Plant-based Water Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Plant-based Water Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Plant-based Water Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Plant-based Water Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Plant-based Water Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Plant-based Water Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Plant-based Water Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Plant-based Water Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Plant-based Water Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Plant-based Water Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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