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PUBLISHER: IMARC | PRODUCT CODE: 1207171

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PUBLISHER: IMARC | PRODUCT CODE: 1207171

Plant-Based Beverages Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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The global plant-based beverages market size reached US$ 28.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 46.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.36% during 2023-2028.

Plant-based beverages refer to healthy drinks that are manufactured and processed from plant materials, such as grains and seeds, and extracted in water. Rice milk, soymilk, tea and coffee are some of the commonly available plant-based beverages. They are low in calories and rich in protein, calcium, vitamins A and D, and B-complex, and DHA omega-3s or probiotics. Plant-based beverages are commonly consumed as an alternative to dairy products as they consist of a healthy combination of mono- and polyunsaturated fats and have zero concentration of lactose. As a result, plant-based beverages assist in reducing the risk of developing heart diseases, strokes, and diabetes.

Plant-Based Beverages Market Trends:

  • The increasing health consciousness among masses across the globe is creating a positive outlook for the market. Plant-based beverages provide hydration and serve as a source of various essential nutrients, vitamins, minerals and protein that helps in lowering the risk of cardiovascular diseases (CVDs), improving immunity, and strengthening bone health. In line with this, the widespread consumption of plant-based beverages among the vegan population due to the rising prevalence of lactose intolerance and various kinds of food allergies is favoring the market growth. Apart from this, the launch of plant-based beverages formulated with additional healthy ingredients, such as oat-based options, are providing a considerable boost to the market growth. Additionally, the increasing demand for plant-based supplements in the sports and nutrition industry is positively impacting the market growth. Other factors, including rising expenditure capacities of consumers, the widespread product adoption in cafes and bakeries, significant advancements in processing technologies, and the increasing demand for ready-to-drink (RTD) beverages due to the busy lifestyles and hectic schedules, are anticipated to drive the market further toward growth.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global plant-based beverages market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product and distribution channel.

Breakup by Type:

  • Soy-based
  • Coconut-based
  • Almond-based
  • Rice-based
  • Oats-based
  • Hemp-based
  • Hazelnut-based
  • Cashew-based
  • Flax-based

Breakup by Product:

  • Plain
  • Flavored

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The competitive landscape of the industry has also been examined along with the profiles of the key players being Blue Diamond Growers Inc, Califia Farms LLC, Danone S.A., Drink Koia Online, Kikkoman Corporation, Organic Valley, Pacific Foods of Oregon LLC (Campbell Soup Company), PureHarvest, Ripple Foods, SunOpta Inc. and The Coca-Cola Company.

Key Questions Answered in This Report:

  • How has the global plant-based beverages market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global plant-based beverages market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global plant-based beverages market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR1323A643_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Plant-Based Beverages Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Type

  • 6.1 Soy-based
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Coconut-based
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Almond-based
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Rice-based
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Oats-based
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 Hemp-based
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast
  • 6.7 Hazelnut-based
    • 6.7.1 Market Trends
    • 6.7.2 Market Forecast
  • 6.8 Cashew-based
    • 6.8.1 Market Trends
    • 6.8.2 Market Forecast
  • 6.9 Flax-based
    • 6.9.1 Market Trends
    • 6.9.2 Market Forecast

7 Market Breakup by Product

  • 7.1 Plain
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Flavored
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast

8 Market Breakup by Distribution Channel

  • 8.1 Supermarkets and Hypermarkets
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Convenience Stores
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Specialty Stores
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Online Stores
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Blue Diamond Growers Inc
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
    • 14.3.2 Califia Farms LLC
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
    • 14.3.3 Danone S.A.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Drink Koia Online
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
    • 14.3.5 Kikkoman Corporation
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Organic Valley
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
    • 14.3.7 Pacific Foods of Oregon LLC (Campbell Soup Company)
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
    • 14.3.8 PureHarvest
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
    • 14.3.9 Ripple Foods
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
    • 14.3.10 SunOpta Inc.
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 The Coca-Cola Company
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis
Product Code: SR1323A643_Report

List of Figures

  • Figure 1: Global: Plant-Based Beverages Market: Major Drivers and Challenges
  • Figure 2: Global: Plant-Based Beverages Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Plant-Based Beverages Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 4: Global: Plant-Based Beverages Market: Breakup by Type (in %), 2022
  • Figure 5: Global: Plant-Based Beverages Market: Breakup by Product (in %), 2022
  • Figure 6: Global: Plant-Based Beverages Market: Breakup by Distribution Channel (in %), 2022
  • Figure 7: Global: Plant-Based Beverages Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Plant-Based Beverages (Soy-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Plant-Based Beverages (Soy-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Plant-Based Beverages (Coconut-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Plant-Based Beverages (Coconut-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Plant-Based Beverages (Almond-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Plant-Based Beverages (Almond-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Plant-Based Beverages (Rice-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Plant-Based Beverages (Rice-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Plant-Based Beverages (Oats-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Plant-Based Beverages (Oats-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Plant-Based Beverages (Hemp-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Plant-Based Beverages (Hemp-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Plant-Based Beverages (Hazelnut-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Plant-Based Beverages (Hazelnut-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Plant-Based Beverages (Cashew-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Plant-Based Beverages (Cashew-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Plant-Based Beverages (Flax-based) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Plant-Based Beverages (Flax-based) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Plant-Based Beverages (Plain) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Plant-Based Beverages (Plain) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Global: Plant-Based Beverages (Flavored) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Global: Plant-Based Beverages (Flavored) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Global: Plant-Based Beverages (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Global: Plant-Based Beverages (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: Global: Plant-Based Beverages (Convenience Stores) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: Global: Plant-Based Beverages (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: Global: Plant-Based Beverages (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: Global: Plant-Based Beverages (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: Global: Plant-Based Beverages (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: Global: Plant-Based Beverages (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: North America: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: North America: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: United States: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: United States: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: Canada: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: Canada: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: Asia-Pacific: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: Asia-Pacific: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: China: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: China: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Japan: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Japan: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: India: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: India: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: South Korea: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: South Korea: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Australia: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Australia: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Indonesia: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Indonesia: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: Others: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: Others: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: Europe: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: Europe: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Germany: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Germany: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: France: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: France: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: United Kingdom: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: United Kingdom: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Italy: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Italy: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Spain: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Spain: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Russia: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Russia: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Others: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Others: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Latin America: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 77: Latin America: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 78: Brazil: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 79: Brazil: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 80: Mexico: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 81: Mexico: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 82: Others: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 83: Others: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 84: Middle East and Africa: Plant-Based Beverages Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 85: Middle East and Africa: Plant-Based Beverages Market: Breakup by Country (in %), 2022
  • Figure 86: Middle East and Africa: Plant-Based Beverages Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 87: Global: Plant-Based Beverages Industry: SWOT Analysis
  • Figure 88: Global: Plant-Based Beverages Industry: Value Chain Analysis
  • Figure 89: Global: Plant-Based Beverages Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Plant-Based Beverages Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Plant-Based Beverages Market Forecast: Breakup by Type (in Million US$), 2023-2028
  • Table 3: Global: Plant-Based Beverages Market Forecast: Breakup by Product (in Million US$), 2023-2028
  • Table 4: Global: Plant-Based Beverages Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
  • Table 5: Global: Plant-Based Beverages Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Plant-Based Beverages Market: Competitive Structure
  • Table 7: Global: Plant-Based Beverages Market: Key Players
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