Plant Based Beverages Market Synopsis
Plant-Based Beverages Market Size Was Valued at USD 19.87 Billion in 2023, and is Projected to Reach USD 56.9 Billion by 2032, Growing at a CAGR of 12.4% From 2024-2032.
Plant-based beverages refer to non-dairy beverages made from plants instead of animal products like cow's milk. These beverages are popular among individuals who follow a vegan or vegetarian diet, as well as those who are lactose intolerant or have allergies to dairy proteins.
- Plant-based beverages, derived from nuts, seeds, grains, and legumes, have gained popularity due to health consciousness, environmental concerns, and dietary restrictions. They serve as dairy alternatives, such as almond milk, soy milk, and oat milk, for lactose intolerant, allergic, or vegan individuals. They can be used as bases for smoothies and shakes, providing a creamy texture and added nutrients. They also serve as coffee and tea enhancers, offering a creamy texture and flavor. Plant-based beverages can be used in cooking and baking as a substitute for dairy milk or cream in recipes.
- Plant-based beverages also used in sports and nutrition, as they provide post-workout recovery drinks and are used in protein shakes and smoothies. Some plant-based beverages are formulated for infants and young children who cannot consume dairy milk due to allergies or dietary preferences. They can also be fortified with vitamins, minerals, antioxidants, and other functional ingredients to offer health benefits. They can also be used as cocktail mixers, adding flavor, texture, and creaminess without the use of dairy products.
- Consumers are increasingly seeking healthier alternatives to traditional dairy products due to health and wellness concerns. Plant-based beverages offer lower fat and calorie content, are free from cholesterol and lactose, and cater to dietary restrictions. They also have a lower environmental footprint compared to dairy products, making them more appealing to environmentally conscious consumers. Furthermore, choosing plant-based beverages aligns with ethical animal welfare values.
- The plant-based beverage market has seen significant innovation, offering a wide variety of options from almond and soy to oat and coconut-based beverages. Celebrity endorsements and influencer marketing have also played a role in popularizing plant-based diets and beverages. Plant-derived ingredients, such as vitamins, minerals, and antioxidants, make them perceived as healthier alternatives to traditional dairy products.
Plant-Based Beverages Market Trend Analysis
Consumers are increasingly seeking healthier beverage options
- The rise in plant-based beverages is attributed to various factors, including health awareness, nutrition and wellness trends, dietary preferences, environmental and ethical concerns, and innovation in the food and beverage industry. Health awareness is a growing concern, as people are more aware of the link between diet and health outcomes.
- Plant-based beverages are perceived as more nutritious and aligned with wellness trends, as they are typically lower in calories, fat, and sugar compared to traditional dairy or sugary options. Dietary preferences and restrictions, such as vegetarianism, veganism, lactose intolerance, and dairy-free diets, have also fueled the demand for plant-based beverages. Environmental and ethical concerns, such as animal agriculture and animal treatment, have also influenced consumer behavior.
- The food and beverage industry has responded to consumer demand by introducing a variety of plant-based beverages, including alternatives to traditional dairy milk and innovative blends incorporating ingredients like nuts, seeds, grains, and legumes. Companies have capitalized on the health trend by marketing plant-based beverages as part of a healthy lifestyle.
Restraint
Involves Complex Processing Techniques
- Plant-based beverages, gaining popularity due to their health and environmental benefits, face several challenges due to their complex processing techniques. These include high processing costs, supply chain complexities, quality control challenges, ingredient stability, regulatory compliance, consumer acceptance, and sustainability challenges.
- Costs include equipment, labor, and energy consumption, which can be higher than traditional methods. Supply chain complexities can lead to supply shortages or variations in product quality. Quality control measures are crucial to maintain consistency in flavor, texture, and nutrient content across batches. Ingredient stability is also a challenge, as some plant-based ingredients may be prone to degradation or spoilage during processing and storage.
- Regulatory compliance adds complexity to the production process and may require additional resources for testing and documentation. Consumer acceptance may still be a barrier, but effective marketing and product innovation can broaden consumer acceptance and drive market growth. Sustainability challenges include water usage, energy consumption, and waste generation during processing.
Opportunity
Functional and Nutritional Enhancements
- Plant-based beverages present a significant opportunity in the beverage market due to their growing demand for health, environmental, and ethical alternatives to traditional dairy products. These beverages can be fortified with various vitamins, minerals, and other functional ingredients to cater to health and wellness trends.
- The diverse consumer preferences of plant-based beverages, including soy, almond, oat, coconut, rice, and pea, allow companies to offer a wide range of options. Functional ingredients like probiotics, prebiotics, antioxidants, vitamins, and minerals can enhance the nutritional profile of plant-based beverages, appealing to health-conscious consumers.
- These beverages can also target specific consumer segments, such as athletes, fitness enthusiasts, seniors, or those with specific health concerns. Innovation and product differentiation are also opportunities in the plant-based beverage market, as they have a lower environmental footprint compared to dairy products.
Challenge
Ingredient Sourcing and Supply Chain
- The plant-based beverage industry faces numerous challenges in sourcing and managing ingredients. These include sourcing raw materials like plant-based proteins and fruits, which can be affected by fluctuations in crop yields, weather conditions, and agricultural practices.
- Maintaining quality standards across different batches of ingredients is also a challenge, as it requires meeting regulatory requirements, food safety standards, and consumer expectations. Managing supply chain logistics, including transportation costs, lead times, inventory management, and storage conditions, is also complex.
- Seasonality and demand variability in plant-based ingredients further complicate inventory management and production scheduling. The increasing demand for sustainable and ethically produced plant-based products adds to the complexity. Price volatility, influenced by market demand, geopolitical events, and currency exchange rates, also poses a significant risk to the industry.
Market Segment Analysis:
Plant-Based Beverages Market Segmented based on source, type, packaging, and distribution channel.
By Source, Almond segment is expected to dominate the market during the forecast period
- Consumers are increasingly seeking healthier beverage options, with almond milk being a popular choice due to its lower calorie and fat content, lactose-free nature, and plant-based trend. Almond milk is easily accessible in supermarkets and health food stores, with a wide variety of flavors and formulations.
- It is often fortified with vitamins and minerals to mimic the nutritional profile of dairy milk, making it appealing to those seeking dairy alternatives without compromising on nutritional value. Almond milk is versatile, and suitable for various culinary applications like coffee, smoothies, baking, and cooking.
- Almond cultivation faced criticism for its water usage in regions with water scarcity. Overall, almond milk offers a dairy-free, plant-based alternative to dairy milk.
By Type, Milk segment held the largest share of 45.2% in 2023
- Consumers are increasingly concerned about health, seeking alternatives to traditional dairy milk due to lactose intolerance, allergies, or dietary preferences like veganism. Plant-based milk offers a perceived healthier option as it is often lower in calories, fat, and cholesterol, and may contain beneficial nutrients like vitamins and minerals.
- The environmental impact of dairy production, including issues such as water usage, greenhouse gas emissions, and land use, has led to a shift towards more sustainable plant-based alternatives. Growing awareness of animal welfare issues and ethical concerns surrounding the dairy industry has prompted consumers to seek cruelty-free alternatives.
- The plant-based beverage market has seen significant innovation, resulting in a wide variety of options beyond traditional soy and almond milk, including oat milk, rice milk, coconut milk, and more. This diversity appeals to consumers seeking novelty and customization in their beverage choices.
Plant-Based Beverages Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The Asia Pacific region, including countries like China and India, has a growing population and a significant consumer base for plant-based beverages. As incomes rise and urbanization accelerates, consumers are becoming health-conscious and seeking alternatives to traditional dairy products.
- Plant-based beverages are perceived as healthier, free from cholesterol, and lower in fat and calories than dairy alternatives. Cultural acceptance of plant-based foods, such as soy milk in China and Japan, makes them easier to adopt. As environmental concerns rise, plant-based beverages are perceived as more sustainable due to their lower carbon footprint, reduced water usage, and reduced land requirements.
- Companies are investing in innovation and product development to cater to diverse consumer preferences. Governments in the region are also promoting plant-based diets as part of broader health and sustainability initiatives, offering subsidies, incentives, and public awareness campaigns.
Plant-Based Beverages Market Top Key Players:
- The Coca-Cola Company (US)
- PepsiCo, Inc. (US)
- Hain Celestial Group (US)
- Califia Farms (US)
- Blue Diamond Growers (US)
- Ripple Foods (US)
- Silk (US)
- So Delicious Dairy Free (US)
- Califia Farms (US)
- Good Karma Foods (US)
- Forager Project (US)
- Dream (US)
- Beyond Meat, Inc. (US)
- Elmhurst 1925 (US)
- Bolthouse Farms (US)
- Amy's Kitchen, Inc. (US)
- Planet Oat (US)
- Daiya Foods Inc. (Canada)
- SunOpta Inc. (Canada)
- Danone S.A. (France)
- Nestlé S.A. (Switzerland)
- Oatly AB (Sweden)
- China Mengniu Dairy Company Limited (China)
- Kikkoman Corporation (Japan), and other major player
Key Industry Developments in the Plant-Based Beverages Market:
- In July 2024, Refresco acquired Spanish plant-based beverage manufacturer Frías Nutrición from Alantra Private Equity and the founding family. Since Alantra's acquisition of Frías in 2019, the company experienced significant growth, solidifying its leadership in the Iberian Peninsula and expanding its international presence. Bruno Delgado-Luque, partner at Alantra Private Equity, noted, “We launched a major investment plan with the Frías family, resulting in one of the most modern and efficient plant-based drink factories in Europe. We were confident that Frías would continue its successful growth with Refresco's support
- In January 2021, PepsiCo, Inc. and Beyond Meat, Inc. announced they would form The PLANeT Partnership, LLC (TPP), a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat's leading technology in plant-based protein development and PepsiCo's world-class marketing and commercial capabilities to create and scale new snack and beverage options.
Global Plant-Based Beverages Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
19.87 Bn. |
Forecast Period 2024-32 CAGR: |
12.4% |
Market Size in 2032: |
56.9 Bn. |
Segments Covered: |
By Source |
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By Type |
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By Packaging |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- PLANT-BASED BEVERAGES MARKET BY SOURCE (2017-2032)
- PLANT-BASED BEVERAGES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- SOY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- COCONUT
- ALMOND
- CASHEW
- RICE
- PLANT-BASED BEVERAGES MARKET BY TYPE (2017-2032)
- PLANT-BASED BEVERAGES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- MILK
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- JUICES
- TEA AND COFFEE
- PLANT-BASED BEVERAGES MARKET BY PACKAGING (2017-2032)
- PLANT-BASED BEVERAGES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- GLASS BOTTLES
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- PLASTIC BOTTLES
- POUCHES
- CARTON PACKAGING
- CANS
- PLANT-BASED BEVERAGES MARKET BY DISTRIBUTION CHANNEL (2017-2032)
- PLANT-BASED BEVERAGES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- HYPERMARKETS/SUPERMARKETS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- DISTRIBUTION CHANNELB
- SPECIALTY STORES
- ONLINE STORES
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Plant-Based Beverages Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- THE COCA-COLA COMPANY (US)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- PEPSICO, INC. (US)
- HAIN CELESTIAL GROUP (US)
- CALIFIA FARMS (US)
- BLUE DIAMOND GROWERS (US)
- RIPPLE FOODS (US)
- SILK (US)
- SO DELICIOUS DAIRY FREE (US)
- CALIFIA FARMS (US)
- GOOD KARMA FOODS (US)
- FORAGER PROJECT (US)
- DREAM (US)
- BEYOND MEAT, INC. (US)
- ELMHURST 1925 (US)
- BOLTHOUSE FARMS (US)
- AMY'S KITCHEN, INC. (US)
- PLANET OAT (US)
- DAIYA FOODS INC. (CANADA)
- SUNOPTA INC. (CANADA)
- DANONE S.A. (FRANCE)
- NESTLÉ S.A. (SWITZERLAND)
- OATLY AB (SWEDEN)
- CHINA MENGNIU DAIRY COMPANY LIMITED (CHINA)
- KIKKOMAN CORPORATION (JAPAN)
- COMPETITIVE LANDSCAPE
- GLOBAL PLANT-BASED BEVERAGES MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Source
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Packaging
- Historic And Forecasted Market Size By Distribution Channel
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Plant-Based Beverages Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
19.87 Bn. |
Forecast Period 2024-32 CAGR: |
12.4% |
Market Size in 2032: |
56.9 Bn. |
Segments Covered: |
By Source |
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By Type |
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By Packaging |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. PLANT-BASED BEVERAGES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. PLANT-BASED BEVERAGES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. PLANT-BASED BEVERAGES MARKET COMPETITIVE RIVALRY
TABLE 005. PLANT-BASED BEVERAGES MARKET THREAT OF NEW ENTRANTS
TABLE 006. PLANT-BASED BEVERAGES MARKET THREAT OF SUBSTITUTES
TABLE 007. PLANT-BASED BEVERAGES MARKET BY TYPE
TABLE 008. MILK MARKET OVERVIEW (2016-2028)
TABLE 009. OTHER DRINKS MARKET OVERVIEW (2016-2028)
TABLE 010. PLANT-BASED BEVERAGES MARKET BY SOURCE
TABLE 011. SOY MARKET OVERVIEW (2016-2028)
TABLE 012. COCONUT MARKET OVERVIEW (2016-2028)
TABLE 013. RICE MARKET OVERVIEW (2016-2028)
TABLE 014. OAT MARKET OVERVIEW (2016-2028)
TABLE 015. NUTS MARKET OVERVIEW (2016-2028)
TABLE 016. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 017. PLANT-BASED BEVERAGES MARKET BY DISTRIBUTION CHANNEL
TABLE 018. CONVENIENCE STORES MARKET OVERVIEW (2016-2028)
TABLE 019. SPECIALTY STORES MARKET OVERVIEW (2016-2028)
TABLE 020. SUPERMARKETS MARKET OVERVIEW (2016-2028)
TABLE 021. ONLINE STORES MARKET OVERVIEW (2016-2028)
TABLE 022. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 023. NORTH AMERICA PLANT-BASED BEVERAGES MARKET, BY TYPE (2016-2028)
TABLE 024. NORTH AMERICA PLANT-BASED BEVERAGES MARKET, BY SOURCE (2016-2028)
TABLE 025. NORTH AMERICA PLANT-BASED BEVERAGES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 026. N PLANT-BASED BEVERAGES MARKET, BY COUNTRY (2016-2028)
TABLE 027. EUROPE PLANT-BASED BEVERAGES MARKET, BY TYPE (2016-2028)
TABLE 028. EUROPE PLANT-BASED BEVERAGES MARKET, BY SOURCE (2016-2028)
TABLE 029. EUROPE PLANT-BASED BEVERAGES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 030. PLANT-BASED BEVERAGES MARKET, BY COUNTRY (2016-2028)
TABLE 031. ASIA PACIFIC PLANT-BASED BEVERAGES MARKET, BY TYPE (2016-2028)
TABLE 032. ASIA PACIFIC PLANT-BASED BEVERAGES MARKET, BY SOURCE (2016-2028)
TABLE 033. ASIA PACIFIC PLANT-BASED BEVERAGES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 034. PLANT-BASED BEVERAGES MARKET, BY COUNTRY (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA PLANT-BASED BEVERAGES MARKET, BY TYPE (2016-2028)
TABLE 036. MIDDLE EAST & AFRICA PLANT-BASED BEVERAGES MARKET, BY SOURCE (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA PLANT-BASED BEVERAGES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 038. PLANT-BASED BEVERAGES MARKET, BY COUNTRY (2016-2028)
TABLE 039. SOUTH AMERICA PLANT-BASED BEVERAGES MARKET, BY TYPE (2016-2028)
TABLE 040. SOUTH AMERICA PLANT-BASED BEVERAGES MARKET, BY SOURCE (2016-2028)
TABLE 041. SOUTH AMERICA PLANT-BASED BEVERAGES MARKET, BY DISTRIBUTION CHANNEL (2016-2028)
TABLE 042. PLANT-BASED BEVERAGES MARKET, BY COUNTRY (2016-2028)
TABLE 043. SUNOPTA INC. (CANADA): SNAPSHOT
TABLE 044. SUNOPTA INC. (CANADA): BUSINESS PERFORMANCE
TABLE 045. SUNOPTA INC. (CANADA): PRODUCT PORTFOLIO
TABLE 046. SUNOPTA INC. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. THE HAIN CELESTIAL GROUP INC. (US): SNAPSHOT
TABLE 047. THE HAIN CELESTIAL GROUP INC. (US): BUSINESS PERFORMANCE
TABLE 048. THE HAIN CELESTIAL GROUP INC. (US): PRODUCT PORTFOLIO
TABLE 049. THE HAIN CELESTIAL GROUP INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. BLUE DIAMOND GROWERS (US): SNAPSHOT
TABLE 050. BLUE DIAMOND GROWERS (US): BUSINESS PERFORMANCE
TABLE 051. BLUE DIAMOND GROWERS (US): PRODUCT PORTFOLIO
TABLE 052. BLUE DIAMOND GROWERS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. NOUMI LTD. (AUSTRILIA): SNAPSHOT
TABLE 053. NOUMI LTD. (AUSTRILIA): BUSINESS PERFORMANCE
TABLE 054. NOUMI LTD. (AUSTRILIA): PRODUCT PORTFOLIO
TABLE 055. NOUMI LTD. (AUSTRILIA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. CALIFIA FARMS (US): SNAPSHOT
TABLE 056. CALIFIA FARMS (US): BUSINESS PERFORMANCE
TABLE 057. CALIFIA FARMS (US): PRODUCT PORTFOLIO
TABLE 058. CALIFIA FARMS (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. OATLY GROUP AB (SWEDEN): SNAPSHOT
TABLE 059. OATLY GROUP AB (SWEDEN): BUSINESS PERFORMANCE
TABLE 060. OATLY GROUP AB (SWEDEN): PRODUCT PORTFOLIO
TABLE 061. OATLY GROUP AB (SWEDEN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. DANONE S.A. (FRANCE): SNAPSHOT
TABLE 062. DANONE S.A. (FRANCE): BUSINESS PERFORMANCE
TABLE 063. DANONE S.A. (FRANCE): PRODUCT PORTFOLIO
TABLE 064. DANONE S.A. (FRANCE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. NESTLÉ S.A. (SWITZERLAND): SNAPSHOT
TABLE 065. NESTLÉ S.A. (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 066. NESTLÉ S.A. (SWITZERLAND): PRODUCT PORTFOLIO
TABLE 067. NESTLÉ S.A. (SWITZERLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. KOIA (US): SNAPSHOT
TABLE 068. KOIA (US): BUSINESS PERFORMANCE
TABLE 069. KOIA (US): PRODUCT PORTFOLIO
TABLE 070. KOIA (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. PACIFIC FOODS OF OREGON LLC (US): SNAPSHOT
TABLE 071. PACIFIC FOODS OF OREGON LLC (US): BUSINESS PERFORMANCE
TABLE 072. PACIFIC FOODS OF OREGON LLC (US): PRODUCT PORTFOLIO
TABLE 073. PACIFIC FOODS OF OREGON LLC (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. MARUSAN-AI CO LTD. (JAPAN): SNAPSHOT
TABLE 074. MARUSAN-AI CO LTD. (JAPAN): BUSINESS PERFORMANCE
TABLE 075. MARUSAN-AI CO LTD. (JAPAN): PRODUCT PORTFOLIO
TABLE 076. MARUSAN-AI CO LTD. (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. LIVING HARVEST FOODS INC. (US): SNAPSHOT
TABLE 077. LIVING HARVEST FOODS INC. (US): BUSINESS PERFORMANCE
TABLE 078. LIVING HARVEST FOODS INC. (US): PRODUCT PORTFOLIO
TABLE 079. LIVING HARVEST FOODS INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. HARMLESS HARVEST (US): SNAPSHOT
TABLE 080. HARMLESS HARVEST (US): BUSINESS PERFORMANCE
TABLE 081. HARMLESS HARVEST (US): PRODUCT PORTFOLIO
TABLE 082. HARMLESS HARVEST (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. EARTH'S OWN FOOD INC. (CANADA): SNAPSHOT
TABLE 083. EARTH'S OWN FOOD INC. (CANADA): BUSINESS PERFORMANCE
TABLE 084. EARTH'S OWN FOOD INC. (CANADA): PRODUCT PORTFOLIO
TABLE 085. EARTH'S OWN FOOD INC. (CANADA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 086. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 087. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 088. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. PLANT-BASED BEVERAGES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. PLANT-BASED BEVERAGES MARKET OVERVIEW BY TYPE
FIGURE 012. MILK MARKET OVERVIEW (2016-2028)
FIGURE 013. OTHER DRINKS MARKET OVERVIEW (2016-2028)
FIGURE 014. PLANT-BASED BEVERAGES MARKET OVERVIEW BY SOURCE
FIGURE 015. SOY MARKET OVERVIEW (2016-2028)
FIGURE 016. COCONUT MARKET OVERVIEW (2016-2028)
FIGURE 017. RICE MARKET OVERVIEW (2016-2028)
FIGURE 018. OAT MARKET OVERVIEW (2016-2028)
FIGURE 019. NUTS MARKET OVERVIEW (2016-2028)
FIGURE 020. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 021. PLANT-BASED BEVERAGES MARKET OVERVIEW BY DISTRIBUTION CHANNEL
FIGURE 022. CONVENIENCE STORES MARKET OVERVIEW (2016-2028)
FIGURE 023. SPECIALTY STORES MARKET OVERVIEW (2016-2028)
FIGURE 024. SUPERMARKETS MARKET OVERVIEW (2016-2028)
FIGURE 025. ONLINE STORES MARKET OVERVIEW (2016-2028)
FIGURE 026. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 027. NORTH AMERICA PLANT-BASED BEVERAGES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. EUROPE PLANT-BASED BEVERAGES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. ASIA PACIFIC PLANT-BASED BEVERAGES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. MIDDLE EAST & AFRICA PLANT-BASED BEVERAGES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. SOUTH AMERICA PLANT-BASED BEVERAGES MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Plant-Based Beverages Market research report is 2024-2032.
The Coca-Cola Company (US), PepsiCo, Inc. (US), Hain Celestial Group (US), Califia Farms (US), Blue Diamond Growers (US), Ripple Foods (US), Silk (US), So Delicious Dairy Free (US), Califia Farms (US), Good Karma Foods (US), Forager Project (US), Dream (US), Beyond Meat, Inc. (US), Elmhurst 1925 (US), Bolthouse Farms (US), Amy's Kitchen, Inc. (US), Planet Oat (US), Daiya Foods Inc. (Canada), SunOpta Inc. (Canada), Danone S.A. (France), Nestlé S.A. (Switzerland), Oatly AB (Sweden), China Mengniu Dairy Company Limited (China), Kikkoman Corporation (Japan) and Other Major Players.
The Plant-Based Beverages Market is segmented into Source, Type, Packaging, Distribution Channel, and region. By Source, the market is categorized into Soy, Coconut, Almond, Cashew, and Rice. By Type, the market is categorized into Milk, Juices, Tea, and Coffee. By Packaging, the market is categorized into Glass Bottles, Plastic Bottles, and Pouches, Carton Packaging, Cans. By Distribution Channel, the market is categorized into Hypermarkets/Supermarkets, Specialty Stores, Online Stores, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
The plant-based beverages market refers to the segment of the beverage industry that produces drinks derived from plant sources rather than animal products. These beverages include alternatives to traditional dairy products, such as almond milk, soy milk, oat milk, coconut milk, and rice milk, as well as juices and smoothies made from fruits and vegetables. The market has experienced significant growth in recent years, driven by factors such as health consciousness, dietary preferences, environmental concerns, and the increasing popularity of vegan and vegetarian lifestyles.
Plant-Based Beverages Market Size Was Valued at USD 19.87 Billion in 2023, and is Projected to Reach USD 56.9 Billion by 2032, Growing at a CAGR of 12.4% From 2024-2032.