Global Plant-Based Beverages Market Poised for Growth: Valued at USD 21.75 Billion in 2024, Expected to Expand at 12.2% CAGR Through 2030

𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 21.75 billion in 2024 and is poised to grow at a robust CAGR of 12.2% during the forecast period, reaching USD 54.64 billion by 2032.

𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

Plant-based beverages are revolutionizing the way consumers approach nutrition by offering a healthy alternative to dairy products. Products like soy milk, almond milk, oat milk, and coconut milk have become household staples due to their high nutritional content, including essential vitamins and minerals, coupled with their low-fat and lactose-free properties. This sector caters to both vegans and those with lactose intolerance, further solidifying its market appeal.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:https://www.stellarmr.com/report/req_sample/Plant-based-Beverages-Market/286

𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

The plant-based beverages market is witnessing exponential growth driven by rising consumer demand for healthier alternatives. Innovations in flavors and nutritional profiles are reshaping product offerings, while the growing global vegan population is propelling market demand. Additionally, sustainability and environmental concerns are encouraging consumers to shift towards plant-based options.

𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The increasing awareness about health benefits, such as improved muscle and mental health, combined with a rise in lactose intolerance cases, especially in developed regions like the US and Canada, is driving the growth of the plant-based beverages market. Additionally, the fast-paced and sedentary lifestyles of modern consumers are creating a demand for convenient and nutritious options, making plant-based beverages a popular choice. This dual focus on health-consciousness and lifestyle-driven convenience is significantly contributing to the market's expansion.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.stellarmr.com/report/enquire_now/Plant-based-Beverages-Market/286

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam has witnessed a rising demand for plant-based beverages, fueled by a growing vegan population and increasing health consciousness. Companies such as Vinamilk have launched innovative almond and oat milk products tailored to local tastes.

Key Development: Recent collaborations between Vinamilk and Nestlé Vietnam highlight the potential for growth in the market. A new processing plant aimed at increasing production capacity is expected to boost the availability of plant-based drinks nationwide.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's plant-based beverages market is growing steadily, with a CAGR of X% forecasted during 2024-2030. Increased government support for sustainable agriculture and health initiatives has further spurred growth. Local companies like CP Foods and Green Monday are leading the charge with innovative product lines.

Key Development: The partnership between CP Foods and international players such as Beyond Meat has significantly expanded the distribution of plant-based drinks across Thailand's retail channels.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's market is heavily influenced by consumer preferences for high-quality and innovative products. With a focus on soy-based beverages, the market is expected to grow at a CAGR of X% over the forecast period. Companies like Kikkoman Corporation and Ito En dominate the market.

Key Development: Kikkoman Corporation recently announced plans to expand its production facilities, integrating advanced technologies to enhance product quality and reduce carbon emissions.

𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea is undergoing consolidation in its plant-based beverage industry, with key players merging to enhance competitiveness. The market is growing rapidly, supported by rising awareness about lactose intolerance and plant-based diets.

Key Development: The acquisition of Maeil Dairies by Dongwon Group has created new opportunities for the production of oat and almond milk products, strengthening the distribution network across South Korea.

𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore remains a hub for innovation in the plant-based beverage market. With an emphasis on sustainability, companies like Oatly and Soyfresh are introducing fortified beverages to meet diverse consumer demands.

Key Development: Oatly announced the opening of its regional headquarters in Singapore, aiming to cater to the growing Southeast Asian market with locally produced oat milk beverages.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

The US leads the global plant-based beverages market, driven by an increasingly health-conscious consumer base. The market's growth is supported by innovation in almond, oat, and soy milk categories from companies like Blue Diamond Growers and Silk.

Key Development: Blue Diamond Growers recently launched a new line of almond-based protein beverages targeting fitness enthusiasts, enhancing its competitive edge in the US market.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe is a significant market for plant-based beverages, with a CAGR of X% projected for the period 2024-2030. Countries such as Germany, the UK, and France are leading in terms of consumption, driven by environmental concerns and a shift toward veganism.

Key Development: Alpro, a subsidiary of Danone, is expanding its product portfolio with innovative oat and coconut milk blends. The company's commitment to sustainability is evident in its newly launched carbon-neutral processing facility in Belgium.

𝐓𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐠𝐨 𝐭𝐨:https://www.stellarmr.com/report/req_sample/Plant-based-Beverages-Market/286

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

By Product

Plain
Flavoured
Others

By Source

Fruit
Soy
Nuts
Rice
Others

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

Danone S.A (France)
Pacific Foods of Oregon, LLC (Canada)
LBlue Diamond Growers, Inc. (U.S)
SunOpta (Canada)
The Hain Celestial Group, Inc (New York)
Freedom Foods Group Ltd. (Australia)
Califia Farms (U.S)
Harmless Harvest (California)
Koia (U.S)
Vitasoy International Holdings Ltd. (Hong Kong)
Daiya Foods Inc. (Canada)
Taifun - Tofu Gmbh (Germany)
Garden Protein International Inc. (Canada)
Lightlife Foods Inc. (U.S)
Axiom Foods (U.S)

𝐒𝐞𝐞𝐤𝐢𝐧𝐠 𝐝𝐞𝐞𝐩 𝐦𝐚𝐫𝐤𝐞𝐭 𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞? 𝐓𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟𝐟𝐞𝐫𝐬 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬:https://www.stellarmr.com/report/Plant-based-Beverages-Market/286

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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