Plant-based Beverages Market Size, Share & Trends Analysis Report by Type (Coconut, Soy, Almond), by Product (Plain, Flavored), by Region (APAC, North America, EU, MEA), and Segment Forecasts, 2022-2030

The global plant-based beverages market size is expected to reach USD 71.83 billion by 2030, registering a CAGR of 12.7% during the forecast period. There is significant scope for the growth of the global industry as the concept of veganism is gaining prominence in developed countries, such as the U.K., U.S., Australia, New Zealand, Germany, Italy, France, and Canada. In addition, various Middle Eastern countries such as Israel and Saudi Arabia have been witnessing a growth in the vegan population, which offers several growth opportunities for plant-based beverage manufacturers. Major players as well as new entrants in the industry are adopting various market strategies, primarily new product launches, and strengthening their distribution channel to gain maximum customer penetration across the globe.

For instance, in April 2021, Nestlé announced the launch of a plant-based, ready-to-drink (RTD) version of its Milo cocoa beverage in Asia, along with two plant-based coffee RTDs. The new plant-based version of Milo will replace the dairy milk with almond and soy and the other two core ingredients-malt and cocoa-remain the same. The demand for organically processed beverages is significant in the European and North American regions. The rising demand has compelled beverage companies to reformulate products to meet organic standards over the years. Increasing government support for organic agriculture and the rising popularity of organic food & beverages among consumers have driven the demand for organically processed plant-based beverages.

Coconut-based beverages are anticipated to register the fastest CAGR during the forecast period. New product launches in this segment are likely to be among the key drivers supporting the market growth. For instance, in April 2020, Harmless Harvest added three new flavored coconut water drinks to their classic organic coconut water line. The flavored plant-based beverages segment is expected to register a significant CAGR over the forecast period. Consumers are willing to experiment with flavors, such as mango, pulp, and cocoa. Therefore, new flavor launches in the existing product portfolio along with partnerships, collaborations, and marketing campaigns are some of the strategies that brands and companies opt for to gain a competitive edge in the industry.

Plant-based Beverages Market Report Highlights

The Asia Pacific was the largest region in 2021 owing to the increasing vegan/vegetarian population in countries including China, India, and Australia
The flavored plant-based beverages segment is anticipated to register a considerable CAGR from 2022 to 2030
New product launches in this segment by various brands are the key factor propelling the segment growth
The coconut-based beverages segment is anticipated to register the fastest growth rate during the forecast period
Key players in the industry are launching coconut-based beverages with added flavors to gain maximum share

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Frequently Asked Questions about the Global Plant-based Beverages Market

What is the estimated value of the Global Plant-based Beverages Market?

The Global Plant-based Beverages Market was estimated to be valued at $26.8 Billion in 2022.

What is the growth rate of the Global Plant-based Beverages Market?

The growth rate of the Global Plant-based Beverages Market is 12.7%, with an estimated value of $71.83 Billion by 2030.

What is the forecasted size of the Global Plant-based Beverages Market?

The Global Plant-based Beverages Market is estimated to be worth $71.83 Billion by 2030.

Who are the key companies in the Global Plant-based Beverages Market?

Key companies in the Global Plant-based Beverages Market include Danone S.A., Pacific Foods of Oregon, LLC, Blue Diamond Growers Inc, Sunopta, the Hain Celestial Group, Inc., Noumi Limited, Califia Farms, LLC, Harmless Harvest, Koia and Vitasoy International Holdings Limited.

Report Attribute	Details
No. of Pages	100
Published	September 2022
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 26.8 Billion
Forecasted Market Value ( USD ) by 2030	$ 71.83 Billion
Compound Annual Growth Rate	12.7%
Regions Covered	Global
No. of Companies Mentioned	10

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Type Outlook
2.3. Product Outlook
2.4. Regional Outlook

Chapter 3. Plant-based Beverages Market Variables, Trends & Scope

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Plant-based Beverages Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the Plant-based Beverages market

Chapter 4. Consumer Behavior Analysis

4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations

Chapter 5. Plant-based Beverages Market: Type Estimates & Trend Analysis

5.1. Type Movement Analysis & Market Share, 2021 & 2030
5.2. Soy
5.2.1. Soy beverage market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Coconut
5.3.1. Coconut beverage market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Almond
5.4.1. Almond beverage market estimates and forecast, 2017 - 2030 (USD Million)
5.5. Oat
5.5.1. Oat beverage market estimates and forecast, 2017 - 2030 (USD Million)
5.6. Others
5.6.1. Other plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)

Chapter 6. Plant-based Beverages Market: Product Estimates & Trend Analysis

6.1. Product Movement Analysis & Market Share, 2021 & 2030
6.2. Plain
6.2.1. Plain plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Flavored
6.3.1. Flavored plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)

Chapter 7. Plant-based Beverages Market: Regional Estimates & Trend Analysis

7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.2.6.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.7. Italy
7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.7.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.7.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.3.8. Spain
7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.8.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.3.8.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.7. Australia
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.7.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.7.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.4.8. Thailand
7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.8.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.4.8.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)
7.6.4. UAE
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by type, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by product, 2017 - 2030 (USD Million)

Chapter 8. Competitive Analysis

8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2021

Chapter 9. Company Profiles

9.1. Danone S.A.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. PACIFIC FOODS OF OREGON, LLC
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Blue Diamond Growers Inc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. SunOpta
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. The Hain Celestial Group, Inc.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Noumi Limited
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Califia Farms, LLC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Harmless Harvest
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Koia
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Vitasoy International Holdings Limited
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives

List of Tables

1. Plant-based beverages market - Driving factor market analysis
2. Plant-based beverages market - Restraint factor market analysis
3. Plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
4. Soy beverage market estimates and forecast, 2017 - 2030 (USD Million)
5. Coconut beverage market estimates and forecast, 2017 - 2030 (USD Million)
6. Almond beverage market estimates and forecast, 2017 - 2030 (USD Million)
7. Oat beverage market estimates and forecast, 2017 - 2030 (USD Million)
8. Other plant-based beverage market estimates and forecast, 2017 - 2030 (USD Million)
9. Plain plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
10. Flavored plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
11. North America plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
12. North America plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
13. North America plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
14. U.S. plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
15. U.S. plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
16. U.S. plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
17. Canada plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
18. Canada plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
19. Canada plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
20. Mexico plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
21. Mexico plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
22. Mexico plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
23. Europe plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
24. Europe plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
25. Europe plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
26. U.K. plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
27. U.K. plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
28. U.K. plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
29. Germany plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
30. Germany plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
31. Germany plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
32. France plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
33. France plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
34. France plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
35. Italy plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
36. Italy plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
37. Italy plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
38. Spain plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
39. Spain plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
40. Spain plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
41. Asia Pacific plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
42. Asia Pacific plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
43. Asia Pacific plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
44. China plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
45. China plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
46. China plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
47. India plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
48. India plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
49. India plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
50. Japan plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
51. Japan plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
52. Japan plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
53. Australia plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
54. Australia plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
55. Australia plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
56. Thailand plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
57. Thailand plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
58. Thailand plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
59. Central & South America plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
60. Central & South America plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
61. Central & South America plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
62. Brazil plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
63. Brazil plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
64. Brazil plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
65. Middle East & Africa plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
66. Middle East & Africa plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
67. Middle East & Africa plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
68. UAE plant-based beverages market estimates and forecast, 2017 - 2030 (USD Million)
69. UAE plant-based beverages market estimates and forecast by type, 2017 - 2030 (USD Million)
70. UAE plant-based beverages market estimates and forecast by product, 2017 - 2030 (USD Million)
71. Vendor landscape

List of Figures

1. Plant-based beverages market snapshot
2. Plant-based beverages market segmentation & scope
3. Plant-based beverages market penetration & growth prospect mapping
4. Plant-based beverages market value chain analysis
5. Plant-based beverages market dynamics
6. Plant-based beverages market porter's analysis
7. Plant-based beverages market: Type share (%) analysis, 2021 & 2030
8. Plant-based beverages market: Product share (%) analysis, 2021 & 2030
9. Plant-based beverages market: Regional share (%) analysis, 2021 & 2030
10. Key plant-based beverages company market share analysis, 2021