Plant-based beverage market is thriving
The plant-based beverage market is thriving, but challenges remain.

In recent years, the consumption market sent out a clear signal that more young consumers started looking for healthy products. Among these products are plant-based beverages.  

Hebei Chengde LoLo, one of the Chinese leading beverage manufacturers, released its 2021 annual financial report, showing revenue of 2.524 billion yuan (~USD 392 million), up by 35.65% compared with 2020. The company said that the strong performance was attributed to the growing market demand and the company’s efforts in filling gaps . . .

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