The global Plant-based Beverages market size is expected to be worth around US$ 76.53 billion by 2030, according to a new report by Vision Research Reports.
The global Plant-based Beverages market size was valued at US$ 26,859.4 million in 2020 and is anticipated to grow at a CAGR of 18.3% during forecast period 2021 to 2030.
Get Sample Copy of This Report (Including TOC, List of Tables & Figures, and Chart)@ https://www.visionresearchreports.com/report/sample/38482
Growth Factors
Increasing health concerns have compelled consumers to shift their preference to vegan foods and beverages. The vegan population is significantly increasing owing to the rising prevalence of lactose intolerance and various kinds of food allergies. is widely consumed across the globe as it has various similar benefits as dairy-based milk. Soy milk is widely used in various applications, such as bakeries and confectioneries. In addition, soy milk is a good source of protein, vitamin A, vitamin B-12, potassium, and isoflavones. It is also considered the best alternative for lactose-intolerant consumers.
Report Highlights
the almond-based type segment dominated the market with a revenue share of more than 60%. The rising health consciousness, supportive government initiatives, and the introduction of various vegan products are anticipated to drive the market for plant-based beverages.
Consumers are focusing on increasing their immunity and maintaining their overall health through simple and nutritious vegetarian and plant-based foods and beverages. Consumers from developed as well as developing countries are showing a willingness to pay a premium price for beverages with better nutritional and medicinal benefits.
The plain product segment led the global market with a revenue share of over 69% in 2020. The growing adoption of highly nutritious plant-based beverages by consumers, along with expected amendments in governing laws to support plant-based beverages, is expected to drive the segment during the forecast period. On the other hand, the oat-based segment is estimated to register the fastest CAGR from 2021 to 2030.
The growing adoption of plain plant-based milk in several drinks is anticipated to boost the sales of plant-based beverages over the forecast period. Leading companies offer various almond-based, soy-based, coconut-based, oats-based, and rice-based beverages, several small- and medium-sized players are emerging to capture niche products segments, such as hemp-, hazelnut-, and flax-based beverages.
Asia Pacific accounted for the largest revenue share of over 76% in 2020. The increasing vegan population in the region, especially the millennials’ inclination toward plant-based, natural, and healthy foods and beverages, is likely to fuel the demand for plant-based beverages in Asia Pacific. Countries, such as China, India, and Thailand, have been adopting a healthy lifestyle by opting for healthy food options.
Key Players
| Report Coverage | Details |
| Market Size | US$ 76.53 billion by 2030 |
| Growth Rate | CAGR of 18.3% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Type, Product |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Danone S.A; Pacific Foods of Oregon, LLC; LBlue Diamond Growers, Inc.; SunOpta; The Hain Celestial Group, Inc.; Freedom Foods Group Ltd.; Califia Farms; Harmless Harvest; Koia; Vitasoy International Holdings Ltd. |
Market Segmentation
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Product Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Plant-based Beverages Market, By Type
7.1. Plant-based Beverages Market, by Type, 2021-2030
7.1.1. Soy-based
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Coconut-based
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. Almond-based
7.1.3.1. Market Revenue and Forecast (2016-2030)
7.1.4. Rice-based
7.1.4.1. Market Revenue and Forecast (2016-2030)
7.1.5. Oats-based
7.1.5.1. Market Revenue and Forecast (2016-2030)
7.1.6. Hemp-based
7.1.6.1. Market Revenue and Forecast (2016-2030)
7.1.7. Hazelnut-based
7.1.7.1. Market Revenue and Forecast (2016-2030)
7.1.8. Cashew-based
7.1.8.1. Market Revenue and Forecast (2016-2030)
7.1.9. Flax-based
7.1.9.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Plant-based Beverages Market, By Product
8.1. Plant-based Beverages Market, by Product, 2021-2030
8.1.1. Plain
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Flavored
8.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Plant-based Beverages Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Type (2016-2030)
9.1.2. Market Revenue and Forecast, by Product (2016-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.1.3.2. Market Revenue and Forecast, by Product (2016-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.1.4.2. Market Revenue and Forecast, by Product (2016-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.2. Market Revenue and Forecast, by Product (2016-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.3.2. Market Revenue and Forecast, by Product (2016-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.4.2. Market Revenue and Forecast, by Product (2016-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.5.2. Market Revenue and Forecast, by Product (2016-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Type (2016-2030)
9.2.6.2. Market Revenue and Forecast, by Product (2016-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.2. Market Revenue and Forecast, by Product (2016-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.3.2. Market Revenue and Forecast, by Product (2016-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.4.2. Market Revenue and Forecast, by Product (2016-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.5.2. Market Revenue and Forecast, by Product (2016-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Type (2016-2030)
9.3.6.2. Market Revenue and Forecast, by Product (2016-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.2. Market Revenue and Forecast, by Product (2016-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.3.2. Market Revenue and Forecast, by Product (2016-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.4.2. Market Revenue and Forecast, by Product (2016-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.5.2. Market Revenue and Forecast, by Product (2016-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Type (2016-2030)
9.4.6.2. Market Revenue and Forecast, by Product (2016-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Type (2016-2030)
9.5.2. Market Revenue and Forecast, by Product (2016-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Type (2016-2030)
9.5.3.2. Market Revenue and Forecast, by Product (2016-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Type (2016-2030)
9.5.4.2. Market Revenue and Forecast, by Product (2016-2030)
Chapter 10. Company Profiles
10.1. Danone S.A
10.1.1. Company Overview
10.1.2. Type Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Pacific Foods of Oregon, LLC
10.2.1. Company Overview
10.2.2. Type Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. LBlue Diamond Growers, Inc.
10.3.1. Company Overview
10.3.2. Type Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. SunOpta
10.4.1. Company Overview
10.4.2. Type Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. The Hain Celestial Group, Inc.
10.5.1. Company Overview
10.5.2. Type Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Freedom Foods Group Ltd.
10.6.1. Company Overview
10.6.2. Type Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Califia Farms
10.7.1. Company Overview
10.7.2. Type Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Harmless Harvest
10.8.1. Company Overview
10.8.2. Type Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Koia
10.9.1. Company Overview
10.9.2. Type Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Vitasoy International Holdings Ltd.
10.10.1. Company Overview
10.10.2. Type Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
Glossary of Terms
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38482 or call: +1 9197 992 333
Vision Research Report, Recently Announced New Report on "Smart Lock market - Global Industry Analysis,…
Vision Research Report, Recently Announced New Report on "2D barcode reader market - Global Industry…
Vision Research Report, Recently Announced New Report on "commercial refrigeration equipment market - Global Industry…
Vision Research Report, Recently Announced New Report on "Restaurant Point-of-Sale Terminal market - Global Industry…
Vision Research Report, Recently Announced New Report on "vacuum cleaner market- Global Industry Analysis, Market…
Vision Research Report, Recently Announced New Report on "household refrigerators and freezers market - Global…