Plant-Based Beverages Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Source (Fruits, Soy, Rice, Nuts, Others), By Product Type (RTD Tea & Coffee, Juices & Flavored Drinks, Milk, Functional/Energy Drinks, Others), By Flavor (Unflavored, Added Natural Flavors), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, and Non-Retail), By Region, By Company
Global Plant-Based Beverages Market is anticipated to grow during the forecast period due to the increasing product launches by the companies and rising popularity of plant-based milk and smoothies, owing to their various health benefits.
Beverages derived from plants based raw materials are known as plant-based beverages and some of the major ingredients used to make plant-based beverages are soy, rice, almonds, oats, cashews, and coconut. Plant material, such as seeds or grains, is extracted in water to produce plant-based beverages and these materials are frequently used as dairy product substitutes such as fortified foods, synthetic vitamins, and minerals are frequently added.
Growing demand for plant-based beverages is rising rapidly due to the significant expansion of the plant-based health trend. Across the globe, millions of people are substituting plant-based products for animal-based products for meals, snacks, drinks, and treats. Owing to this factor, the sales of plant-based beverages has significantly increased, and it is expected to further increase during the forecast period.
The shift in consumer preferences from animal-based to vegan products is driving the growth of the plant-based beverage industry. The main factors influencing this gradual change to a plant-based diet include ecological concerns, health awareness, ethical or religious beliefs, and awareness of environmental issues and animal rights. Therefore, the demand for plant-based products is increasing.
Furthermore, the rising awareness for vegan products is also propelling with numerous events related to veganism. For instance, every year on November 1st, vegans all around the world celebrate World Vegan Day. Activities like setting up stalls, hosting potlucks, and planting memorial trees are done to celebrate the benefits of veganism for humans, animals, and the environment. Moreover, celebrities are also shifting to vegan diets, and are promoting veganism through various campaigns on social media which further fuels the global plant-based beverages market during the forecast period.
Companies’ Investments to Fuel the Market Growth
Companies are investing and taking initiatives to enhance their products’ quality and satisfying the requirements of the consumers. For instance, in 2022, Danone North America planned to modify the formulations of more than 70% of its plant-based drinks in order to enhance the nutrient density across its offering because the company aims the nutritional composition of plant-based beverages to be as similar to that of dairy products as possible. The company invested USD22 million in various projects to promote health and wellbeing.
Similarly in 2022, Ecotone, which deals in organic and plant-based alternatives in France and Europe, announced a USD 21.4 million investment in order to expand its plant-based beverage manufacturing facility in Badia Polesine, Northern Italy. With the creation of a new production line and investment in its Italian facility, the company produces an additional 27 million liters of plant-based drinks annually, or a 30% increase in production capacity. Therefore, the rising investments by the companies in their existing product portfolio and production facilities fuel the market for plant-based beverages globally during the forecast period.
Acquisitions & Mergers to Aid Market Expansion
Companies are adopting various marketing strategies like mergers & acquisitions in order to increase their manufacturing capacity, which are driving the global plant-based beverages market during the forecast period. For instance, in 2022, Fazer Group acquired Swedish plant-based beverages producer Trensums Food from Profuragruppen. The acquisition gave Fazer a platform for future growth and access to new non-dairy markets by increasing the company's capacity to produce plant-based oat drinks. Additionally, in 2022, Nestle Health Science, a division of Nestle SA, acquired the majority stake in Orgain, which is a plant-based nutrition company which produces and sells plant-based products such as powders, ready-to-drink beverages, and nutrition bars. Therefore, various acquisitions & mergers among the companies, in order to have a competitive edge in the market, are driving the global plant-based beverages market.
Increasing Product Launches to Boost Market Growth
In order to attract consumers and to enhance the quality of products, companies are launching new products in the market. For instance, in 2022, Nestlй launched a new plant-based drink for toddlers, 'Little Steps Plantygrow Plant-based Growing Up Drink', under its SMA nutrition range. The plant-based drink contains the vitamins A, D, C, B2 and B12, as well as iron, and has been enriched with iodine and omega-3 and omega-6. The beverage is not a substitute for breast milk but rather a nutritious supplement that can be used by toddlers between the ages of 1 and 3 as a part of a varied and balanced diet. Furthermore, in 2021, Plant Veda, a Canada-based dairy-alternative company, launched a new line of vegan lassi which is an Indian yogurt drink made with cashews, gluten-free oats, blending comforting herbs and spices such as saffron & cardamom. This nutritious probiotic drinkable yoghurt beverage has a blend of 1 billion probiotics, which support digestive health. As a result, increasing launches of nutritious plant-based beverages by the companies to meet customer demand boosts the global plant-based beverages market.
Market Segmentation
The global plant-based beverages market is segmented into source, product type, flavor, distribution channel, and region. Based on source, the market is segmented into fruits, soy, rice, nuts, and others. Based on the product type, the market is segmented into RTD tea & coffee, juices & flavored drinks, milk, functional/energy drinks, and others. Based on the flavor, the market is segmented into unflavored and added natural flavors. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online, and non-retail. The market analysis also studies regional segmentation to devise regional market segmentation.
Company Profile
Danone S.A., Blue Diamond Growers, The Hain Celestial Group, Inc., Noumi Limited, SunOpta, Inc., Califia Farms, LLC, Harmless Harvest, Inc., Campbell Soup Company (Pacific Foods), Panos Brands, LLC (Better Than Milk), and Archer Daniels Midland Company, etc. are the major market players in the global platform that lead the market of the plant-based beverages market.
Report Scope:
In this report, the global plant-based beverages market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the global plant-based beverages market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
Beverages derived from plants based raw materials are known as plant-based beverages and some of the major ingredients used to make plant-based beverages are soy, rice, almonds, oats, cashews, and coconut. Plant material, such as seeds or grains, is extracted in water to produce plant-based beverages and these materials are frequently used as dairy product substitutes such as fortified foods, synthetic vitamins, and minerals are frequently added.
Growing demand for plant-based beverages is rising rapidly due to the significant expansion of the plant-based health trend. Across the globe, millions of people are substituting plant-based products for animal-based products for meals, snacks, drinks, and treats. Owing to this factor, the sales of plant-based beverages has significantly increased, and it is expected to further increase during the forecast period.
The shift in consumer preferences from animal-based to vegan products is driving the growth of the plant-based beverage industry. The main factors influencing this gradual change to a plant-based diet include ecological concerns, health awareness, ethical or religious beliefs, and awareness of environmental issues and animal rights. Therefore, the demand for plant-based products is increasing.
Furthermore, the rising awareness for vegan products is also propelling with numerous events related to veganism. For instance, every year on November 1st, vegans all around the world celebrate World Vegan Day. Activities like setting up stalls, hosting potlucks, and planting memorial trees are done to celebrate the benefits of veganism for humans, animals, and the environment. Moreover, celebrities are also shifting to vegan diets, and are promoting veganism through various campaigns on social media which further fuels the global plant-based beverages market during the forecast period.
Companies’ Investments to Fuel the Market Growth
Companies are investing and taking initiatives to enhance their products’ quality and satisfying the requirements of the consumers. For instance, in 2022, Danone North America planned to modify the formulations of more than 70% of its plant-based drinks in order to enhance the nutrient density across its offering because the company aims the nutritional composition of plant-based beverages to be as similar to that of dairy products as possible. The company invested USD22 million in various projects to promote health and wellbeing.
Similarly in 2022, Ecotone, which deals in organic and plant-based alternatives in France and Europe, announced a USD 21.4 million investment in order to expand its plant-based beverage manufacturing facility in Badia Polesine, Northern Italy. With the creation of a new production line and investment in its Italian facility, the company produces an additional 27 million liters of plant-based drinks annually, or a 30% increase in production capacity. Therefore, the rising investments by the companies in their existing product portfolio and production facilities fuel the market for plant-based beverages globally during the forecast period.
Acquisitions & Mergers to Aid Market Expansion
Companies are adopting various marketing strategies like mergers & acquisitions in order to increase their manufacturing capacity, which are driving the global plant-based beverages market during the forecast period. For instance, in 2022, Fazer Group acquired Swedish plant-based beverages producer Trensums Food from Profuragruppen. The acquisition gave Fazer a platform for future growth and access to new non-dairy markets by increasing the company's capacity to produce plant-based oat drinks. Additionally, in 2022, Nestle Health Science, a division of Nestle SA, acquired the majority stake in Orgain, which is a plant-based nutrition company which produces and sells plant-based products such as powders, ready-to-drink beverages, and nutrition bars. Therefore, various acquisitions & mergers among the companies, in order to have a competitive edge in the market, are driving the global plant-based beverages market.
Increasing Product Launches to Boost Market Growth
In order to attract consumers and to enhance the quality of products, companies are launching new products in the market. For instance, in 2022, Nestlй launched a new plant-based drink for toddlers, 'Little Steps Plantygrow Plant-based Growing Up Drink', under its SMA nutrition range. The plant-based drink contains the vitamins A, D, C, B2 and B12, as well as iron, and has been enriched with iodine and omega-3 and omega-6. The beverage is not a substitute for breast milk but rather a nutritious supplement that can be used by toddlers between the ages of 1 and 3 as a part of a varied and balanced diet. Furthermore, in 2021, Plant Veda, a Canada-based dairy-alternative company, launched a new line of vegan lassi which is an Indian yogurt drink made with cashews, gluten-free oats, blending comforting herbs and spices such as saffron & cardamom. This nutritious probiotic drinkable yoghurt beverage has a blend of 1 billion probiotics, which support digestive health. As a result, increasing launches of nutritious plant-based beverages by the companies to meet customer demand boosts the global plant-based beverages market.
Market Segmentation
The global plant-based beverages market is segmented into source, product type, flavor, distribution channel, and region. Based on source, the market is segmented into fruits, soy, rice, nuts, and others. Based on the product type, the market is segmented into RTD tea & coffee, juices & flavored drinks, milk, functional/energy drinks, and others. Based on the flavor, the market is segmented into unflavored and added natural flavors. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online, and non-retail. The market analysis also studies regional segmentation to devise regional market segmentation.
Company Profile
Danone S.A., Blue Diamond Growers, The Hain Celestial Group, Inc., Noumi Limited, SunOpta, Inc., Califia Farms, LLC, Harmless Harvest, Inc., Campbell Soup Company (Pacific Foods), Panos Brands, LLC (Better Than Milk), and Archer Daniels Midland Company, etc. are the major market players in the global platform that lead the market of the plant-based beverages market.
Report Scope:
In this report, the global plant-based beverages market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Plant-Based Beverages Market, By Source:
- Fruits
- Soy
- Rice
- Nuts
- Others
- Plant-Based Beverages Market, By Product Type:
- RTD Tea & Coffee
- Juices & Flavored Drinks
- Milk
- Functional/Energy Drinks
- Others
- Plant-Based Beverages Market, By Flavor:
- Unflavored
- Added Natural Flavors
- Plant-Based Beverages Market, By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online
- Non-Retail
- Plant-Based Beverages Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- South America
- Brazil
- Argentina
- Colombia
Company Profiles: Detailed analysis of the major companies present in the global plant-based beverages market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Introduction
1.1. Market Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. VOICE OF CUSTOMER ANALYSIS (B2C MODEL ANALYSIS)
4.1. Sample Size Determination
4.2. Respondent Demographics
4.2.1. By Gender
4.2.2. By Age
4.2.3. By Occupation
4.3. Brand Awareness
4.4. Factors Influencing Purchase Decision
4.5. Challenges Faced After Purchase
5. GLOBAL PLANT-BASED BEVERAGES MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source Market Share Analysis (Fruits, Soy, Rice, Nuts, Others)
5.2.2. By Product Type Market Share Analysis (RTD Tea & Coffee, Juices & Flavored Drinks, Milk, Functional/Energy Drinks, Others)
5.2.3. By Flavor Market Share Analysis (Unflavored, Added Natural Flavors)
5.2.4. By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, and Non-Retail)
5.2.5. By Regional Market Share Analysis
5.2.5.1. North America Market Share Analysis
5.2.5.2. Europe Market Share Analysis
5.2.5.3. Asia-Pacific Market Share Analysis
5.2.5.4. Middle East & Africa Market Share Analysis
5.2.5.5. South America Market Share Analysis
5.2.6. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Plant-Based Beverages Mapping & Opportunity Assessment
5.3.1. By Source Market Mapping & Opportunity Assessment
5.3.2. By Product Type Market Mapping & Opportunity Assessment
5.3.3. By Flavor Market Mapping & Opportunity Assessment
5.3.4. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.5. By Regional Market Mapping & Opportunity Assessment
6. NORTH AMERICA PLANT-BASED BEVERAGES MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source Market Share Analysis
6.2.2. By Product Type Market Share Analysis
6.2.3. By Flavor Market Share Analysis
6.2.4. By Distribution Channel Market Share Analysis
6.2.5. By Country Market Share Analysis
6.2.5.1. United States Plant-Based Beverages Market Outlook
6.2.5.1.1. Market Size & Forecast
6.2.5.1.1.1. By Value
6.2.5.1.2. Market Share & Forecast
6.2.5.1.2.1. By Source Market Share Analysis
6.2.5.1.2.2. By Product Type Market Share Analysis
6.2.5.1.2.3. By Flavor Market Share Analysis
6.2.5.1.2.4. By Distribution Channel Market Share Analysis
6.2.5.2. Canada Plant-Based Beverages Market Outlook
6.2.5.2.1. Market Size & Forecast
6.2.5.2.1.1. By Value
6.2.5.2.2. Market Share & Forecast
6.2.5.2.2.1. By Source Market Share Analysis
6.2.5.2.2.2. By Product Type Market Share Analysis
6.2.5.2.2.3. By Flavor Market Share Analysis
6.2.5.2.2.4. By Distribution Channel Market Share Analysis
6.2.5.3. Mexico Plant-Based Beverages Market Outlook
6.2.5.3.1. Market Size & Forecast
6.2.5.3.1.1. By Value
6.2.5.3.2. Market Share & Forecast
6.2.5.3.2.1. By Source Market Share Analysis
6.2.5.3.2.2. By Product Type Market Share Analysis
6.2.5.3.2.3. By Flavor Market Share Analysis
6.2.5.3.2.4. By Distribution Channel Market Share Analysis
7. EUROPE PLANT-BASED BEVERAGES MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Source Market Share Analysis
7.2.2. By Product Type Market Share Analysis
7.2.3. By Flavor Market Share Analysis
7.2.4. By Distribution Channel Market Share Analysis
7.2.5. By Country Market Share Analysis
7.2.5.1. Germany Plant-Based Beverages Market Outlook
7.2.5.1.1. Market Size & Forecast
7.2.5.1.1.1. By Value
7.2.5.1.2. Market Share & Forecast
7.2.5.1.2.1. By Source Market Share Analysis
7.2.5.1.2.2. By Product Type Market Share Analysis
7.2.5.1.2.3. By Flavor Market Share Analysis
7.2.5.1.2.4. By Distribution Channel Market Share Analysis
7.2.5.2. France Plant-Based Beverages Market Outlook
7.2.5.2.1. Market Size & Forecast
7.2.5.2.1.1. By Value
7.2.5.2.2. Market Share & Forecast
7.2.5.2.2.1. By Source Market Share Analysis
7.2.5.2.2.2. By Product Type Market Share Analysis
7.2.5.2.2.3. By Flavor Market Share Analysis
7.2.5.2.2.4. By Distribution Channel Market Share Analysis
7.2.5.3. United Kingdom Plant-Based Beverages Market Outlook
7.2.5.3.1. Market Size & Forecast
7.2.5.3.1.1. By Value
7.2.5.3.2. Market Share & Forecast
7.2.5.3.2.1. By Source Market Share Analysis
7.2.5.3.2.2. By Product Type Market Share Analysis
7.2.5.3.2.3. By Flavor Market Share Analysis
7.2.5.3.2.4. By Distribution Channel Market Share Analysis
7.2.5.4. Italy Plant-Based Beverages Market Outlook
7.2.5.4.1. Market Size & Forecast
7.2.5.4.1.1. By Value
7.2.5.4.2. Market Share & Forecast
7.2.5.4.2.1. By Source Market Share Analysis
7.2.5.4.2.2. By Product Type Market Share Analysis
7.2.5.4.2.3. By Flavor Market Share Analysis
7.2.5.4.2.4. By Distribution Channel Market Share Analysis
7.2.5.5. Spain Plant-Based Beverages Market Outlook
7.2.5.5.1. Market Size & Forecast
7.2.5.5.1.1. By Value
7.2.5.5.2. Market Share & Forecast
7.2.5.5.2.1. By Source Market Share Analysis
7.2.5.5.2.2. By Product Type Market Share Analysis
7.2.5.5.2.3. By Flavor Market Share Analysis
7.2.5.5.2.4. By Distribution Channel Market Share Analysis
8. ASIA-PACIFIC PLANT-BASED BEVERAGES MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Source Market Share Analysis
8.2.2. By Product Type Market Share Analysis
8.2.3. By Flavor Market Share Analysis
8.2.4. By Distribution Channel Market Share Analysis
8.2.5. By Country Market Share Analysis
8.2.5.1. China Plant-Based Beverages Market Outlook
8.2.5.1.1. Market Size & Forecast
8.2.5.1.1.1. By Value
8.2.5.1.2. Market Share & Forecast
8.2.5.1.2.1. By Source Market Share Analysis
8.2.5.1.2.2. By Product Type Market Share Analysis
8.2.5.1.2.3. By Flavor Market Share Analysis
8.2.5.1.2.4. By Distribution Channel Market Share Analysis
8.2.5.2. India Plant-Based Beverages Market Outlook
8.2.5.2.1. Market Size & Forecast
8.2.5.2.1.1. By Value
8.2.5.2.2. Market Share & Forecast
8.2.5.2.2.1. By Source Market Share Analysis
8.2.5.2.2.2. By Product Type Market Share Analysis
8.2.5.2.2.3. By Flavor Market Share Analysis
8.2.5.2.2.4. By Distribution Channel Market Share Analysis
8.2.5.3. Japan Plant-Based Beverages Market Outlook
8.2.5.3.1. Market Size & Forecast
8.2.5.3.1.1. By Value
8.2.5.3.2. Market Share & Forecast
8.2.5.3.2.1. By Source Market Share Analysis
8.2.5.3.2.2. By Product Type Market Share Analysis
8.2.5.3.2.3. By Flavor Market Share Analysis
8.2.5.3.2.4. By Distribution Channel Market Share Analysis
8.2.5.4. South Korea Plant-Based Beverages Market Outlook
8.2.5.4.1. Market Size & Forecast
8.2.5.4.1.1. By Value
8.2.5.4.2. Market Share & Forecast
8.2.5.4.2.1. By Source Market Share Analysis
8.2.5.4.2.2. By Product Type Market Share Analysis
8.2.5.4.2.3. By Flavor Market Share Analysis
8.2.5.4.2.4. By Distribution Channel Market Share Analysis
8.2.5.5. Australia Plant-Based Beverages Market Outlook
8.2.5.5.1. Market Size & Forecast
8.2.5.5.1.1. By Value
8.2.5.5.2. Market Share & Forecast
8.2.5.5.2.1. By Source Market Share Analysis
8.2.5.5.2.2. By Product Type Market Share Analysis
8.2.5.5.2.3. By Flavor Market Share Analysis
8.2.5.5.2.4. By Distribution Channel Market Share Analysis
9. MIDDLE EAST & AFRICA PLANT-BASED BEVERAGES MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Source Market Share Analysis
9.2.2. By Product Type Market Share Analysis
9.2.3. By Flavor Market Share Analysis
9.2.4. By Distribution Channel Market Share Analysis
9.2.5. By Country Market Share Analysis
9.2.5.1. Saudi Arabia Plant-Based Beverages Market Outlook
9.2.5.1.1. Market Size & Forecast
9.2.5.1.1.1. By Value
9.2.5.1.2. Market Share & Forecast
9.2.5.1.2.1. By Source Market Share Analysis
9.2.5.1.2.2. By Product Type Market Share Analysis
9.2.5.1.2.3. By Flavor Market Share Analysis
9.2.5.1.2.4. By Distribution Channel Market Share Analysis
9.2.5.2. UAE Plant-Based Beverages Market Outlook
9.2.5.2.1. Market Size & Forecast
9.2.5.2.1.1. By Value
9.2.5.2.2. Market Share & Forecast
9.2.5.2.2.1. By Source Market Share Analysis
9.2.5.2.2.2. By Product Type Market Share Analysis
9.2.5.2.2.3. By Flavor Market Share Analysis
9.2.5.2.2.4. By Distribution Channel Market Share Analysis
9.2.5.3. South Africa Plant-Based Beverages Market Outlook
9.2.5.3.1. Market Size & Forecast
9.2.5.3.1.1. By Value
9.2.5.3.2. Market Share & Forecast
9.2.5.3.2.1. By Source Market Share Analysis
9.2.5.3.2.2. By Product Type Market Share Analysis
9.2.5.3.2.3. By Flavor Market Share Analysis
9.2.5.3.2.4. By Distribution Channel Market Share Analysis
9.2.5.4. Turkey Plant-Based Beverages Market Outlook
9.2.5.4.1. Market Size & Forecast
9.2.5.4.1.1. By Value
9.2.5.4.2. Market Share & Forecast
9.2.5.4.2.1. By Source Market Share Analysis
9.2.5.4.2.2. By Product Type Market Share Analysis
9.2.5.4.2.3. By Flavor Market Share Analysis
9.2.5.4.2.4. By Distribution Channel Market Share Analysis
10. SOUTH AMERICA PLANT-BASED BEVERAGES MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Source Market Share Analysis
10.2.2. By Product Type Market Share Analysis
10.2.3. By Flavor Market Share Analysis
10.2.4. By Distribution Channel Market Share Analysis
10.2.5. By Country Market Share Analysis
10.2.5.1. Brazil Plant-Based Beverages Market Outlook
10.2.5.1.1. Market Size & Forecast
10.2.5.1.1.1. By Value
10.2.5.1.2. Market Share & Forecast
10.2.5.1.2.1. By Source Market Share Analysis
10.2.5.1.2.2. By Product Type Market Share Analysis
10.2.5.1.2.3. By Flavor Market Share Analysis
10.2.5.1.2.4. By Distribution Channel Market Share Analysis
10.2.5.2. Colombia Plant-Based Beverages Market Outlook
10.2.5.2.1. Market Size & Forecast
10.2.5.2.1.1. By Value
10.2.5.2.2. Market Share & Forecast
10.2.5.2.2.1. By Source Market Share Analysis
10.2.5.2.2.2. By Product Type Market Share Analysis
10.2.5.2.2.3. By Flavor Market Share Analysis
10.2.5.2.2.4. By Distribution Channel Market Share Analysis
10.2.5.3. Argentina Plant-Based Beverages Market Outlook
10.2.5.3.1. Market Size & Forecast
10.2.5.3.1.1. By Value
10.2.5.3.2. Market Share & Forecast
10.2.5.3.2.1. By Source Market Share Analysis
10.2.5.3.2.2. By Product Type Market Share Analysis
10.2.5.3.2.3. By Flavor Market Share Analysis
10.2.5.3.2.4. By Distribution Channel Market Share Analysis
11. MARKET DYNAMICS
11.1. Drivers
11.1.1. Rising concerns of animal cruelty
11.1.2. Growing investments by companies
11.1.3. Increasing product launches
11.2. Challenges
11.2.1. Fluctuations in raw material prices
11.2.2. High price
12. IMPACT OF COVID-19 ON THE GLOBAL PLANT-BASED BEVERAGES MARKET
12.1. Impact Assessment Model
12.1.1. Key Segments Impacted
12.1.2. Key Regions Impacted
12.1.3. Key Countries Impacted
12.1.4. Key Distribution Channel Impacted
13. MARKET TRENDS & DEVELOPMENTS
13.1. Growing lactose intolerant population
13.2. Introduction of new flavors
13.3. Increasing trend of veganism
13.4. Rising health consciousness consumer
13.5. Celebrity endorsements
14. PORTER’S FIVE FORCES MODEL
14.1. Competitive Rivalry
14.2. Bargaining Power of Buyers
14.3. Bargaining Power of Suppliers
14.4. Threat of New Entrants
14.5. Threat of Substitutes
15. SWOT ANALYSIS
15.1. Strengths
15.2. Weaknesses
15.3. Opportunities
15.4. Threats
16. COMPETITIVE LANDSCAPE
16.1. Company Profiles
16.1.1. Danone S.A.
16.1.1.1. Company Details
16.1.1.2. Product & Services
16.1.1.3. Financials (As Per Availability)
16.1.1.4. Key Market Focus & Geographical Presence
16.1.1.5. Recent Developments
16.1.1.6. Key Management Personnel
16.1.2. Blue Diamond Growers
16.1.2.1. Company Details
16.1.2.2. Product & Services
16.1.2.3. Financials (As Per Availability)
16.1.2.4. Key Market Focus & Geographical Presence
16.1.2.5. Recent Developments
16.1.2.6. Key Management Personnel
16.1.3. The Hain Celestial Group, Inc.
16.1.3.1. Company Details
16.1.3.2. Product & Services
16.1.3.3. Financials (As Per Availability)
16.1.3.4. Key Market Focus & Geographical Presence
16.1.3.5. Recent Developments
16.1.3.6. Key Management Personnel
16.1.4. Noumi Limited
16.1.4.1. Company Details
16.1.4.2. Product & Services
16.1.4.3. Financials (As Per Availability)
16.1.4.4. Key Market Focus & Geographical Presence
16.1.4.5. Recent Developments
16.1.4.6. Key Management Personnel
16.1.5. SunOpta, Inc.
16.1.5.1. Company Details
16.1.5.2. Product & Services
16.1.5.3. Financials (As Per Availability)
16.1.5.4. Key Market Focus & Geographical Presence
16.1.5.5. Recent Developments
16.1.5.6. Key Management Personnel
16.1.6. Califia Farms, LLC
16.1.6.1. Company Details
16.1.6.2. Product & Services
16.1.6.3. Financials (As Per Availability)
16.1.6.4. Key Market Focus & Geographical Presence
16.1.6.5. Recent Developments
16.1.6.6. Key Management Personnel
16.1.7. Harmless Harvest, Inc.
16.1.7.1. Company Details
16.1.7.2. Product & Services
16.1.7.3. Financials (As Per Availability)
16.1.7.4. Key Market Focus & Geographical Presence
16.1.7.5. Recent Developments
16.1.7.6. Key Management Personnel
16.1.8. Campbell Soup Company (Pacific Foods)
16.1.8.1. Company Details
16.1.8.2. Product & Services
16.1.8.3. Financials (As Per Availability)
16.1.8.4. Key Market Focus & Geographical Presence
16.1.8.5. Recent Developments
16.1.8.6. Key Management Personnel
16.1.9. Panos Brands, LLC (Better Than Milk)
16.1.9.1. Company Details
16.1.9.2. Product & Services
16.1.9.3. Financials (As Per Availability)
16.1.9.4. Key Market Focus & Geographical Presence
16.1.9.5. Recent Developments
16.1.9.6. Key Management Personnel
16.1.10. Archer Daniels Midland Company
16.1.10.1. Company Details
16.1.10.2. Product & Services
16.1.10.3. Financials (As Per Availability)
16.1.10.4. Key Market Focus & Geographical Presence
16.1.10.5. Recent Developments
16.1.10.6. Key Management Personnel
17. STRATEGIC RECOMMENDATIONS/ACTION PLAN
17.1. Key Focus Areas
17.2. Target Product Type
17.3. Target Distribution Channel
18. ABOUT US & DISCLAIMER
(Note: The companies list can be customized based on the client requirements.)
1.1. Market Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. VOICE OF CUSTOMER ANALYSIS (B2C MODEL ANALYSIS)
4.1. Sample Size Determination
4.2. Respondent Demographics
4.2.1. By Gender
4.2.2. By Age
4.2.3. By Occupation
4.3. Brand Awareness
4.4. Factors Influencing Purchase Decision
4.5. Challenges Faced After Purchase
5. GLOBAL PLANT-BASED BEVERAGES MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source Market Share Analysis (Fruits, Soy, Rice, Nuts, Others)
5.2.2. By Product Type Market Share Analysis (RTD Tea & Coffee, Juices & Flavored Drinks, Milk, Functional/Energy Drinks, Others)
5.2.3. By Flavor Market Share Analysis (Unflavored, Added Natural Flavors)
5.2.4. By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, and Non-Retail)
5.2.5. By Regional Market Share Analysis
5.2.5.1. North America Market Share Analysis
5.2.5.2. Europe Market Share Analysis
5.2.5.3. Asia-Pacific Market Share Analysis
5.2.5.4. Middle East & Africa Market Share Analysis
5.2.5.5. South America Market Share Analysis
5.2.6. By Top 5 Companies Market Share Analysis, Others (2022)
5.3. Global Plant-Based Beverages Mapping & Opportunity Assessment
5.3.1. By Source Market Mapping & Opportunity Assessment
5.3.2. By Product Type Market Mapping & Opportunity Assessment
5.3.3. By Flavor Market Mapping & Opportunity Assessment
5.3.4. By Distribution Channel Market Mapping & Opportunity Assessment
5.3.5. By Regional Market Mapping & Opportunity Assessment
6. NORTH AMERICA PLANT-BASED BEVERAGES MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source Market Share Analysis
6.2.2. By Product Type Market Share Analysis
6.2.3. By Flavor Market Share Analysis
6.2.4. By Distribution Channel Market Share Analysis
6.2.5. By Country Market Share Analysis
6.2.5.1. United States Plant-Based Beverages Market Outlook
6.2.5.1.1. Market Size & Forecast
6.2.5.1.1.1. By Value
6.2.5.1.2. Market Share & Forecast
6.2.5.1.2.1. By Source Market Share Analysis
6.2.5.1.2.2. By Product Type Market Share Analysis
6.2.5.1.2.3. By Flavor Market Share Analysis
6.2.5.1.2.4. By Distribution Channel Market Share Analysis
6.2.5.2. Canada Plant-Based Beverages Market Outlook
6.2.5.2.1. Market Size & Forecast
6.2.5.2.1.1. By Value
6.2.5.2.2. Market Share & Forecast
6.2.5.2.2.1. By Source Market Share Analysis
6.2.5.2.2.2. By Product Type Market Share Analysis
6.2.5.2.2.3. By Flavor Market Share Analysis
6.2.5.2.2.4. By Distribution Channel Market Share Analysis
6.2.5.3. Mexico Plant-Based Beverages Market Outlook
6.2.5.3.1. Market Size & Forecast
6.2.5.3.1.1. By Value
6.2.5.3.2. Market Share & Forecast
6.2.5.3.2.1. By Source Market Share Analysis
6.2.5.3.2.2. By Product Type Market Share Analysis
6.2.5.3.2.3. By Flavor Market Share Analysis
6.2.5.3.2.4. By Distribution Channel Market Share Analysis
7. EUROPE PLANT-BASED BEVERAGES MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Source Market Share Analysis
7.2.2. By Product Type Market Share Analysis
7.2.3. By Flavor Market Share Analysis
7.2.4. By Distribution Channel Market Share Analysis
7.2.5. By Country Market Share Analysis
7.2.5.1. Germany Plant-Based Beverages Market Outlook
7.2.5.1.1. Market Size & Forecast
7.2.5.1.1.1. By Value
7.2.5.1.2. Market Share & Forecast
7.2.5.1.2.1. By Source Market Share Analysis
7.2.5.1.2.2. By Product Type Market Share Analysis
7.2.5.1.2.3. By Flavor Market Share Analysis
7.2.5.1.2.4. By Distribution Channel Market Share Analysis
7.2.5.2. France Plant-Based Beverages Market Outlook
7.2.5.2.1. Market Size & Forecast
7.2.5.2.1.1. By Value
7.2.5.2.2. Market Share & Forecast
7.2.5.2.2.1. By Source Market Share Analysis
7.2.5.2.2.2. By Product Type Market Share Analysis
7.2.5.2.2.3. By Flavor Market Share Analysis
7.2.5.2.2.4. By Distribution Channel Market Share Analysis
7.2.5.3. United Kingdom Plant-Based Beverages Market Outlook
7.2.5.3.1. Market Size & Forecast
7.2.5.3.1.1. By Value
7.2.5.3.2. Market Share & Forecast
7.2.5.3.2.1. By Source Market Share Analysis
7.2.5.3.2.2. By Product Type Market Share Analysis
7.2.5.3.2.3. By Flavor Market Share Analysis
7.2.5.3.2.4. By Distribution Channel Market Share Analysis
7.2.5.4. Italy Plant-Based Beverages Market Outlook
7.2.5.4.1. Market Size & Forecast
7.2.5.4.1.1. By Value
7.2.5.4.2. Market Share & Forecast
7.2.5.4.2.1. By Source Market Share Analysis
7.2.5.4.2.2. By Product Type Market Share Analysis
7.2.5.4.2.3. By Flavor Market Share Analysis
7.2.5.4.2.4. By Distribution Channel Market Share Analysis
7.2.5.5. Spain Plant-Based Beverages Market Outlook
7.2.5.5.1. Market Size & Forecast
7.2.5.5.1.1. By Value
7.2.5.5.2. Market Share & Forecast
7.2.5.5.2.1. By Source Market Share Analysis
7.2.5.5.2.2. By Product Type Market Share Analysis
7.2.5.5.2.3. By Flavor Market Share Analysis
7.2.5.5.2.4. By Distribution Channel Market Share Analysis
8. ASIA-PACIFIC PLANT-BASED BEVERAGES MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Source Market Share Analysis
8.2.2. By Product Type Market Share Analysis
8.2.3. By Flavor Market Share Analysis
8.2.4. By Distribution Channel Market Share Analysis
8.2.5. By Country Market Share Analysis
8.2.5.1. China Plant-Based Beverages Market Outlook
8.2.5.1.1. Market Size & Forecast
8.2.5.1.1.1. By Value
8.2.5.1.2. Market Share & Forecast
8.2.5.1.2.1. By Source Market Share Analysis
8.2.5.1.2.2. By Product Type Market Share Analysis
8.2.5.1.2.3. By Flavor Market Share Analysis
8.2.5.1.2.4. By Distribution Channel Market Share Analysis
8.2.5.2. India Plant-Based Beverages Market Outlook
8.2.5.2.1. Market Size & Forecast
8.2.5.2.1.1. By Value
8.2.5.2.2. Market Share & Forecast
8.2.5.2.2.1. By Source Market Share Analysis
8.2.5.2.2.2. By Product Type Market Share Analysis
8.2.5.2.2.3. By Flavor Market Share Analysis
8.2.5.2.2.4. By Distribution Channel Market Share Analysis
8.2.5.3. Japan Plant-Based Beverages Market Outlook
8.2.5.3.1. Market Size & Forecast
8.2.5.3.1.1. By Value
8.2.5.3.2. Market Share & Forecast
8.2.5.3.2.1. By Source Market Share Analysis
8.2.5.3.2.2. By Product Type Market Share Analysis
8.2.5.3.2.3. By Flavor Market Share Analysis
8.2.5.3.2.4. By Distribution Channel Market Share Analysis
8.2.5.4. South Korea Plant-Based Beverages Market Outlook
8.2.5.4.1. Market Size & Forecast
8.2.5.4.1.1. By Value
8.2.5.4.2. Market Share & Forecast
8.2.5.4.2.1. By Source Market Share Analysis
8.2.5.4.2.2. By Product Type Market Share Analysis
8.2.5.4.2.3. By Flavor Market Share Analysis
8.2.5.4.2.4. By Distribution Channel Market Share Analysis
8.2.5.5. Australia Plant-Based Beverages Market Outlook
8.2.5.5.1. Market Size & Forecast
8.2.5.5.1.1. By Value
8.2.5.5.2. Market Share & Forecast
8.2.5.5.2.1. By Source Market Share Analysis
8.2.5.5.2.2. By Product Type Market Share Analysis
8.2.5.5.2.3. By Flavor Market Share Analysis
8.2.5.5.2.4. By Distribution Channel Market Share Analysis
9. MIDDLE EAST & AFRICA PLANT-BASED BEVERAGES MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Source Market Share Analysis
9.2.2. By Product Type Market Share Analysis
9.2.3. By Flavor Market Share Analysis
9.2.4. By Distribution Channel Market Share Analysis
9.2.5. By Country Market Share Analysis
9.2.5.1. Saudi Arabia Plant-Based Beverages Market Outlook
9.2.5.1.1. Market Size & Forecast
9.2.5.1.1.1. By Value
9.2.5.1.2. Market Share & Forecast
9.2.5.1.2.1. By Source Market Share Analysis
9.2.5.1.2.2. By Product Type Market Share Analysis
9.2.5.1.2.3. By Flavor Market Share Analysis
9.2.5.1.2.4. By Distribution Channel Market Share Analysis
9.2.5.2. UAE Plant-Based Beverages Market Outlook
9.2.5.2.1. Market Size & Forecast
9.2.5.2.1.1. By Value
9.2.5.2.2. Market Share & Forecast
9.2.5.2.2.1. By Source Market Share Analysis
9.2.5.2.2.2. By Product Type Market Share Analysis
9.2.5.2.2.3. By Flavor Market Share Analysis
9.2.5.2.2.4. By Distribution Channel Market Share Analysis
9.2.5.3. South Africa Plant-Based Beverages Market Outlook
9.2.5.3.1. Market Size & Forecast
9.2.5.3.1.1. By Value
9.2.5.3.2. Market Share & Forecast
9.2.5.3.2.1. By Source Market Share Analysis
9.2.5.3.2.2. By Product Type Market Share Analysis
9.2.5.3.2.3. By Flavor Market Share Analysis
9.2.5.3.2.4. By Distribution Channel Market Share Analysis
9.2.5.4. Turkey Plant-Based Beverages Market Outlook
9.2.5.4.1. Market Size & Forecast
9.2.5.4.1.1. By Value
9.2.5.4.2. Market Share & Forecast
9.2.5.4.2.1. By Source Market Share Analysis
9.2.5.4.2.2. By Product Type Market Share Analysis
9.2.5.4.2.3. By Flavor Market Share Analysis
9.2.5.4.2.4. By Distribution Channel Market Share Analysis
10. SOUTH AMERICA PLANT-BASED BEVERAGES MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Source Market Share Analysis
10.2.2. By Product Type Market Share Analysis
10.2.3. By Flavor Market Share Analysis
10.2.4. By Distribution Channel Market Share Analysis
10.2.5. By Country Market Share Analysis
10.2.5.1. Brazil Plant-Based Beverages Market Outlook
10.2.5.1.1. Market Size & Forecast
10.2.5.1.1.1. By Value
10.2.5.1.2. Market Share & Forecast
10.2.5.1.2.1. By Source Market Share Analysis
10.2.5.1.2.2. By Product Type Market Share Analysis
10.2.5.1.2.3. By Flavor Market Share Analysis
10.2.5.1.2.4. By Distribution Channel Market Share Analysis
10.2.5.2. Colombia Plant-Based Beverages Market Outlook
10.2.5.2.1. Market Size & Forecast
10.2.5.2.1.1. By Value
10.2.5.2.2. Market Share & Forecast
10.2.5.2.2.1. By Source Market Share Analysis
10.2.5.2.2.2. By Product Type Market Share Analysis
10.2.5.2.2.3. By Flavor Market Share Analysis
10.2.5.2.2.4. By Distribution Channel Market Share Analysis
10.2.5.3. Argentina Plant-Based Beverages Market Outlook
10.2.5.3.1. Market Size & Forecast
10.2.5.3.1.1. By Value
10.2.5.3.2. Market Share & Forecast
10.2.5.3.2.1. By Source Market Share Analysis
10.2.5.3.2.2. By Product Type Market Share Analysis
10.2.5.3.2.3. By Flavor Market Share Analysis
10.2.5.3.2.4. By Distribution Channel Market Share Analysis
11. MARKET DYNAMICS
11.1. Drivers
11.1.1. Rising concerns of animal cruelty
11.1.2. Growing investments by companies
11.1.3. Increasing product launches
11.2. Challenges
11.2.1. Fluctuations in raw material prices
11.2.2. High price
12. IMPACT OF COVID-19 ON THE GLOBAL PLANT-BASED BEVERAGES MARKET
12.1. Impact Assessment Model
12.1.1. Key Segments Impacted
12.1.2. Key Regions Impacted
12.1.3. Key Countries Impacted
12.1.4. Key Distribution Channel Impacted
13. MARKET TRENDS & DEVELOPMENTS
13.1. Growing lactose intolerant population
13.2. Introduction of new flavors
13.3. Increasing trend of veganism
13.4. Rising health consciousness consumer
13.5. Celebrity endorsements
14. PORTER’S FIVE FORCES MODEL
14.1. Competitive Rivalry
14.2. Bargaining Power of Buyers
14.3. Bargaining Power of Suppliers
14.4. Threat of New Entrants
14.5. Threat of Substitutes
15. SWOT ANALYSIS
15.1. Strengths
15.2. Weaknesses
15.3. Opportunities
15.4. Threats
16. COMPETITIVE LANDSCAPE
16.1. Company Profiles
16.1.1. Danone S.A.
16.1.1.1. Company Details
16.1.1.2. Product & Services
16.1.1.3. Financials (As Per Availability)
16.1.1.4. Key Market Focus & Geographical Presence
16.1.1.5. Recent Developments
16.1.1.6. Key Management Personnel
16.1.2. Blue Diamond Growers
16.1.2.1. Company Details
16.1.2.2. Product & Services
16.1.2.3. Financials (As Per Availability)
16.1.2.4. Key Market Focus & Geographical Presence
16.1.2.5. Recent Developments
16.1.2.6. Key Management Personnel
16.1.3. The Hain Celestial Group, Inc.
16.1.3.1. Company Details
16.1.3.2. Product & Services
16.1.3.3. Financials (As Per Availability)
16.1.3.4. Key Market Focus & Geographical Presence
16.1.3.5. Recent Developments
16.1.3.6. Key Management Personnel
16.1.4. Noumi Limited
16.1.4.1. Company Details
16.1.4.2. Product & Services
16.1.4.3. Financials (As Per Availability)
16.1.4.4. Key Market Focus & Geographical Presence
16.1.4.5. Recent Developments
16.1.4.6. Key Management Personnel
16.1.5. SunOpta, Inc.
16.1.5.1. Company Details
16.1.5.2. Product & Services
16.1.5.3. Financials (As Per Availability)
16.1.5.4. Key Market Focus & Geographical Presence
16.1.5.5. Recent Developments
16.1.5.6. Key Management Personnel
16.1.6. Califia Farms, LLC
16.1.6.1. Company Details
16.1.6.2. Product & Services
16.1.6.3. Financials (As Per Availability)
16.1.6.4. Key Market Focus & Geographical Presence
16.1.6.5. Recent Developments
16.1.6.6. Key Management Personnel
16.1.7. Harmless Harvest, Inc.
16.1.7.1. Company Details
16.1.7.2. Product & Services
16.1.7.3. Financials (As Per Availability)
16.1.7.4. Key Market Focus & Geographical Presence
16.1.7.5. Recent Developments
16.1.7.6. Key Management Personnel
16.1.8. Campbell Soup Company (Pacific Foods)
16.1.8.1. Company Details
16.1.8.2. Product & Services
16.1.8.3. Financials (As Per Availability)
16.1.8.4. Key Market Focus & Geographical Presence
16.1.8.5. Recent Developments
16.1.8.6. Key Management Personnel
16.1.9. Panos Brands, LLC (Better Than Milk)
16.1.9.1. Company Details
16.1.9.2. Product & Services
16.1.9.3. Financials (As Per Availability)
16.1.9.4. Key Market Focus & Geographical Presence
16.1.9.5. Recent Developments
16.1.9.6. Key Management Personnel
16.1.10. Archer Daniels Midland Company
16.1.10.1. Company Details
16.1.10.2. Product & Services
16.1.10.3. Financials (As Per Availability)
16.1.10.4. Key Market Focus & Geographical Presence
16.1.10.5. Recent Developments
16.1.10.6. Key Management Personnel
17. STRATEGIC RECOMMENDATIONS/ACTION PLAN
17.1. Key Focus Areas
17.2. Target Product Type
17.3. Target Distribution Channel
18. ABOUT US & DISCLAIMER
(Note: The companies list can be customized based on the client requirements.)
