The global plant-based beverages market size was USD 17.60 Billion in 2022 and is expected to register a rapid revenue CAGR of 12.1% during the forecast period. Rising lactose intolerance and milk allergies among individuals is primary key factor driving market revenue growth. According to the National Institute of Diabetes and Digestive, and Kidney Diseases, around 68% of the world’s population suffer from lactose malabsorption. Consumers choose plant-based milk since these are lactose-free, cholesterol free, and low in calories. Lactose-free milk contains vitamins A, D, and B12, as well as riboflavin and phosphorus, which are essential minerals for strong bones, for example, vitamin D in milk aids in calcium absorption. Dairy alternatives contain low-carb, low-calorie, and are ideal for people who struggle with weight management. In addition rising product launches by major companies is another key factor driving revenue growth of the market. For instance, on 10 July 2023, Bagrry's, a major brand in morning cereals and health foods, launched its long-awaited plant-based drinks. These beverages cater to the need of health-conscious persons looking for ethical, vegan, and sustainable solutions. Bagrry's plant-based drinks are meticulously created with the highest quality plant-based ingredients, ensuring a healthy and nourishing experience.
The latest research report by Emergen Research, named ‘Global Plant-Based Beverages Market - Forecast to 2033. The coronavirus outbreak has led to drastic changes in the current Plant-Based Beverages Market business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Plant-Based Beverages Market growth assessed on both regional and global levels.
In addition to an in-depth exploration of market dynamics, the report also sheds light on the competitive landscape, profiling major players in the Plant-Based Beverages market. The detailed analysis covers market shares, business strategies, product portfolios, and recent developments in the industry. With the rapidly evolving nature of this sector, the report ensures that businesses remain informed and ready to capitalize on emerging opportunities.
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How will this Report Benefit you?
An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Plant-Based Beverages market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Plant-Based Beverages. To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.
The key companies studied in the report are:
Bayer AG, Abbott, DSM, Amway, Nature's Bounty, Nestlé, Mead Johnson & Company, LLC, Medifast, Inc., Premier Nutrition Corporation, LLC, and Health Food Manufacturers’ Association
Research Report on the Plant-Based Beverages Market Addresses the Following Key Questions:
- Who are the dominant players of the Plant-Based Beverages market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Plant-Based Beverages market?
- What are the key growth drivers and restraining factors of the Plant-Based Beverages market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Plant-Based Beverages market and its key segments?
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Global Plant-Based Beverages Market research report offers a panoramic view of the Plant-Based Beverages Market , regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Plant-Based Beverages Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Segments Covered in this report are:
Source Outlook (Revenue, USD Billion; 2019–2032)
- Almond
- Soy
- Coconut
- Rice
- Others
- Cashew
- Oats
- Pea
- Hemp
Type Outlook (Revenue, USD Billion; 2019–2032)
- Milk
- Other Drinks
- Smoothies
- Shakes
- Nogs
Product Outlook (Revenue, USD Billion; 2019–2032)
- Plain
- Flavored
Regional Outlook :
Global growth across the Plant-Based Beverages Market is shaped by varying regional dynamics. North America and Europe are at the forefront, benefiting from technological innovations and robust regulatory standards, though challenges such as supply chain interruptions and regulatory compliance remain. In Asia-Pacific, notably China and India, rapid urbanization and growing consumer markets are driving significant expansion. Simultaneously, Latin America, the Middle East, and Africa offer emerging growth opportunities, fueled by economic reforms and increased investment, although political instability and inadequate infrastructure hinder sustained progress.
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Plant-Based Beverages market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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