More consumers globally are embracing plant-based milk alternatives due to animal welfare, environmental concerns, and health consciousness. This surge in demand is driving the growth of the plant-based milk industry. In just three years, the global market for milk alternatives made from grains, nuts, rice, and seeds has surged by 22%, reaching a valuation of US$34.7 billion by 2023.3
Liquid beverage cartons are rapidly becoming the go-to choice for beverage manufacturers. Innova Market Insights data reveals beverage cartons have consistently accounted for 9% of total new beverage launches globally over the past 5 years.
Coconut water, a traditional tropical beverage prized for its sweetness and refreshment, has surged in international popularity in recent years. This natural source of electrolytes, including potassium, sodium, and magnesium, is ideal for replenishing fluids and electrolytes, making it a perfect choice for hydration.