Plant-Based Beverages Market – Global Industry Analysis and Forecast (2022–2029)

Plant-Based Beverages Market is expected to reach US$ 36.45 Bn . by 2029, at a CAGR of 11.12% during the forecast period.

Plant - Based Beverages Market Overview

The report covers the detailed analysis of the Global Plant - Based Beverages industry with the classifications of the market on the basis of Product, Flavor, and region. Analysis of past market dynamics from 2022 to 2029 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it. Global Plant-Based Beverages MarketTo know about the Research Methodology :- Request Free Sample Report

Plant - Based Beverages Market Dynamics

Over the past few years, people have become more conscious of their health, which has propelled the demand for plant-based food products and beverages in order to achieve improved muscular and mental health. A significant increase in food allergies and lactose intolerance among consumers are opening new avenues in the market. Furthermore, the increasing popularity of flexitarian diet and veganism is anticipated to boost the demand for plant-based beverages over the forecast period. Increasing health consciousness among large population group owing to busy and hectic lifestyle is fueling the market growth. Moreover, rising awareness regarding health benefits associated with fruits, vegetables, and nuts derived drinks is also promoting plant-based products. Moreover, shifting consumer preference from high-calorie carbonated drinks to healthy plant-based beverages is expected to boost the plant-based beverages market in the foreseeable future. Increasing vegan population across the world especially in the U.K., U.S., and other developed countries, is promoting the demand for plant-based beverages in the market. For instance, according to the statistics provided by ‘The Vegan Society’, the vegan population in the U.K. has increased fourfold from 2022 to 2029 and reached 600,000. These market trends are anticipated to boost the demand for plant-based beverages over the forecast period.

Top Plant - Based Beverages Manufacturers

The report has profiled twelve major companies in the market from different regions, across the Globe. Further, the report has considered all the followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in Asia Pacific.The Global Market for Plant - Based Beverages is studied under two major segments and further into sub-segments to forecast the market size by value. The Soy - Base Segment is expected to account for a larger market share, as compared to the other types of products over the forecast period. The market revenue from soy products accounted for a revenue share of 29.5% in 2021. Soy milk is one of the most popular beverages across the globe owing to its various benefits. The product is a good source of protein, vitamin A, vitamin B-12, potassium, and isoflavones. It is also considered as the best alternative for lactose-intolerant consumers. Major manufacturers are launching new products in order to cater to the increasing demand for plant-based beverages from the consumers. For instance, in January 2018, The Hershey Company launched soy milk under the brand name ‘SOFIT’ in U.S. The Plain Flavor segment accounted for the largest market share, as compared to the flavored segment for Plant - Based Beverages. The plain flavor was the largest segment in the market, with a revenue share of 71.1% in 2021. There is a wide range of oats and nuts milk products available in the market owing to the increasing vegan population. Major manufacturers are launching new products in order to gain a maximum share of the market. For instance, in March 2021, Costa Coffee, a subsidiary of The Coca-Cola Company, planned to launch soy milk across the U.K. and had already started selling dairy-free products including soy, coconut, and almond. Asia Pacific is expected to account for the largest market share in the Global Plant - Based Beverages Market during the forecast period. Asia Pacific was the largest segment with a market share of 33.7% in 2021 owing to the high consumption of plant-based drinks in countries such as China, Indonesia, Japan, and South Korea. Moreover, soy milk as well as coconut milk is primarily used for preparing a large number of Asian cuisines. Key manufacturers are launching new plant-based products in the market in order to cater to the increasing demand for plant-based beverages in the region. North America is the fastest-growing region with a CAGR of 8.3% from 2022 to 2029 owing to the increasing vegan population in the region over the past few years. For instance, according to the data provided by The Vegan Society, the vegan population in America increased by 600% from 2022 to 2029, opening new avenues for plant-based products over the forecast period. The objective of the report is to present a comprehensive analysis of the Global Plant - Based Beverages Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Plant - Based Beverages Market dynamics, structure by analyzing the market segments and projects the Global Plant - Based Beverages Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Plant - Based Beverages Market make the report investor’s guide.

Plant - Based Beverages Market Scope: Inquire before buying

Global Plant-Based Beverages Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 15.68 Bn  .
Forecast Period 2022 to 2029 CAGR: 11.12% Market Size in 2029: US$ 36.45 Bn.
Segments Covered: by Product • Soy Base • Coconut Base • Almond Base • Rice Base • Oats Base • Hemp Base • Others
by Flavor • Plain • Flavored
 

Plant - Based Beverages Market Region:

• North America • Europe • Asia Pacific • Middle East & Africa • South America  

Top Key Players in the Global Market for Plant - Based Beverages

United Technologies • Daikin Industries • Ingersoll – Rand • China International Marine Containers • Utility Trailer • Singamas Container • Hyundaii • Great Dane • Webasto • Kogel Trailer • Schimtz Cargobull • Wilhelm Schwarzmueller • Blue Diamond Growers • DANONE SA • Hain Celestial • Pureharvest • SunOpta, • Want Want China Holdings Limited • Kikkoman Corporation • Ripple Foods • Califia Farms Frequently Asked Questions: 1. Which region has the largest share in Global Plant-Based Beverages Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Plant-Based Beverages Market? Ans: The Global Plant-Based Beverages Market is expected to growing at a CAGR of 11.12% during forecast period 2022-2029. 3. What is scope of the Global Plant-Based Beverages market report? Ans: Global Plant-Based Beverages Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Plant-Based Beverages market? Ans: The important key players in the Global Plant-Based Beverages Market are - United Technologies, Daikin Industries, Ingersoll – Rand, China International Marine Containers, Utility Trailer, Singamas Container, Hyundaii, Great Dane, Webasto, Kogel Trailer, Schimtz Cargobull, Wilhelm Schwarzmueller, Blue Diamond Growers, DANONE SA, Hain Celestial, Pureharvest, SunOpta,, Want Want China Holdings Limited, Kikkoman Corporation, Ripple Foods, and Califia Farms. 5. What is the study period of this market? Ans: The Global Plant-Based Beverages Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Plant - Based Beverages Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Plant - Based Beverages Market 3.4. Geographical Snapshot of the Plant - Based Beverages Market, By Manufacturer share 4. Global Plant - Based Beverages Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Plant - Based Beverages Market 5. Supply Side and Demand Side Indicators 6. Global Plant - Based Beverages Market Analysis and Forecast, 2021-2029 6.1. Global Plant - Based Beverages Market Size & Y-o-Y Growth Analysis. 7. Global Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 7.1.1. Soy Base 7.1.2. Coconut Base 7.1.3. Almond Base 7.1.4. Rice Base 7.1.5. Oats Base 7.1.6. Hemp Base 7.1.7. Others 7.2. Market Size (Value) Estimates & Forecast By Flavor, 2021-2029 7.2.1. Plain 7.2.2. Flavored 8. Global Plant - Based Beverages Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 9.1.1. Soy Base 9.1.2. Coconut Base 9.1.3. Almond Base 9.1.4. Rice Base 9.1.5. Oats Base 9.1.6. Hemp Base 9.1.7. Others 9.2. Market Size (Value) Estimates & Forecast By Flavor, 2021-2029 9.2.1. Plain 9.2.2. Flavored 10. North America Plant - Based Beverages Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 12. Canada Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 13. Mexico Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 14. Europe Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 15. Europe Plant - Based Beverages Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 17. France Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 18. Germany Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 19. Italy Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 20. Spain Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 21. Sweden Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 22. CIS Countries Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 23. Rest of Europe Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 24. Asia Pacific Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 25. Asia Pacific Plant - Based Beverages Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 27. India Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 28. Japan Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 29. South Korea Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 30. Australia Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 31. ASEAN Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 32. Rest of Asia Pacific Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 33. Middle East Africa Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 34. Middle East Africa Plant - Based Beverages Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 36. GCC Countries Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 37. Egypt Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 38. Nigeria Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 39. Rest of ME&A Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 40. South America Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 41. South America Plant - Based Beverages Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 43. Argentina Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 44. Rest of South America Plant - Based Beverages Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Distribution Channel, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Plant - Based Beverages Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, End - Uses and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and End - Uses 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile – The United Technologies 45.3.1. Company Overview 45.3.2. Financial Overview 45.3.3. Geographic Footprint 45.3.4. Product Portfolio 45.3.5. Business Strategy 45.3.6. Recent Developments 45.4. Daikin Industries 45.5. Ingersoll – Rand 45.6. China International Marine Containers 45.7. Utility Trailer 45.8. Singamas Container 45.9. Hyundaii 45.10. Great Dane 45.11. Webasto 45.12. Kogel Trailer 45.13. Schimtz Cargobull 45.14. Wilhelm Schwarzmueller 45.15. Blue Diamond Growers 45.16. DANONE SA 45.17. Hain Celestial 45.18. Pureharvest 45.19. SunOpta, 45.20. Want Want China Holdings Limited 45.21. Kikkoman Corporation 45.22. Ripple Foods 45.23. Califia Farms 46. Primary Key Insights

About This Report

Report ID 30604
Category Food & Beverages
Published Date Oct 2022
Updated Date
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