Plant-Based Beverages Market Report Scope & Overview:

Plant-Based Beverages Market Size was esteemed at USD 21.69 billion out of 2022 and is supposed to arrive at USD 65.45 billion by 2030, and develop at a CAGR of 14.8% over the forecast period 2023-2030.

Plant-based refreshments are drinks that can be utilized as a substitute for dairy. These refreshments are gotten from plants and are viewed as an exceptionally sound option in contrast to dairy. Soymilk, rice milk, and almond milk are among the most well-known decision for plant-based drinks around the world. They are viewed as sound, and inferable from the presence of a few fundamental nutrients and minerals. They are additionally falling short on fats, and cholesterol, and have no grouping of lactose.

Plant-based Beverages Market Revenue Analysis

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The plant-based drink has been extremely well known in the experienced and developing business sector. This can be credited to ascend in the number of individuals adversely affected by dairy In addition, advancement in prosperity care and extension in optional income fuel the improvement of the plant-based drink market. Besides, the presentation of extra sound fixings by various market players are a few different elements that further drive the development of the market. Be that as it may, fluctuating costs of unrefined components and significant expenses go about as the significant limitation for this market. Running against the norm, development popular for plant-based refreshment by the veggie lover populace and the presentation of new flavors and an assortment of plant-based drinks are expected to give worthwhile learning experiences to the plant-based beverages market.

Blue Diamond adds Elote Mexican-Style Street Corn and Korean BBQ flavors to its current arrangement of flavors, including top choices like Honey Roasted Almonds, Wasabi and Soy Sauce Almonds, and Spicy Dill Pickle Almonds. The two flavors are currently accessible at select Walmart areas and will be carried out to supermarkets across the country before long.

Market Dynamics:

Driving Factors:

  • Development in wellbeing mindfulness and expansion in discretionary cash flow.

  • Presentation of extra solid fixings by various market players.

Restraining factors:

  • Fluctuating costs of natural substances and significant expense.


  • Development sought after plant-based refreshment by vegetarian populace and presentation of new flavor and assortment of plant-based drinks.


  • Plant-based drinks are effectively bought in evolved nations yet the industry is confronting difficulties in extending deals in non-industrial nations.

Impact of Covid-19:

Expanding wellbeing concerns given the episode of COVID-19 out of 2020 has advanced the requirement for utilization of plant-based refreshments. This is expected to faultlessly affect the worldwide plant-based drinks market all through the investigation period, given their valuable credits.

Impact of the Ukraine-Russia war:

The proceeded struggle in Ukraine has ignited worry over the future food security in Europe and then some. Another review from ProVeg International found that over a portion of respondents have detailed changes in the accessibility and admittance to fixings because of the conflict. In its study, the non-benefit association viewed that as 61% of respondents are encountering both a lack of crude fixings as well as a more exorbitant cost point for those fixings they can get to. Higher energy and transportation costs were accounted for by 64% of those studied while 59% idea higher fixing and energy costs would prompt an expansion in item costs. However, in addition, the actual fixings are being impacted. In the overview, ProVeg saw that 69% of organizations said it will stay hard to enroll gifted specialists in the area.

Source type:

Given the source, the organic products fragment created the most elevated income and is supposed to stay predominant all through the gauge period. This can be credited to the increment sought after for items with high nutrients, zinc, and iron for legitimate body wellbeing, in nations like India and China. Also, expansion in the entrance of high nourishment and sans cholesterol plant-based refreshment items is supposed to support the interest for a nuts-based drink in the nations like the U.S.


By type, the plant-based milk was the most noticeable fragment representing the greatest offer in the worldwide market. This can be ascribed to increment popularity for plant-based substance-free milk by the lactose narrow-minded populace.

Distribution Channel:

Given the dissemination channel, the specialty stores fragment was the main appropriation channel with a large portion of the plant-based refreshment piece of the pie. The development in the market can be credited to the increment in the reception of enormous retail configurations like general stores and hypermarkets in both the adult and developing business sectors. Besides, the one-stop arrangement given by these retail organizations makes it an exceptionally famous choice for looking for customers.

Key Market Segmentation:

By Source:

  • Fruits

  • Nuts

  • Rice

  • Soy

  • Others

By Type:

By Distribution Channel:

  • Hypermarkets & Supermarkets

  • Convenience Stores

  • Specialty Stores

  • Online

Plant-based Beverages Market Segmentation Analysis

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Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Chinese individuals are additionally inclined to lactose bigotry from the district and the biggest populace base is another element fuelling the development of the plant-based drinks market in Asia-Pacific. The nation part of the plant-based drinks market report likewise gives individual market affecting variables and changes in the guideline in the market locally that influences the current and future patterns of the market. The information focuses, for example, on utilization volumes, creation destinations and volumes, import trade investigation, cost pattern examination, cost of natural substances, and downstream and upstream worth chain investigation are a portion of the significant pointers used to figure the market situation for individual nations. Additionally, the presence and accessibility of worldwide brands and their moves looked because of the enormous or scant contest from nearby and homegrown brands, the effect of homegrown taxes and shipping lanes are considered while giving gauge investigation of the nation information.

Key Players:

Danone S.A, Pacific Foods of Oregon, LLC, Blue Diamond Growers, Inc., SunOpta, The Hain Celestial Group, Inc., Freedom Foods Group Ltd., Califia Farms, Harmless Harvest, Koia, Vitasoy International Holdings Ltd.

SunOpta-Company Financial Analysis

Company Landscape Analysis

Plant-based Beverages Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 21.69 Billion
Market Size by 2030 US$ 65.45 Billion
CAGR CAGR 14.8% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Source (Fruits, Nuts, Rice, Soy, and Others)
• by Type (RTD Tea & Coffee, Plant-Based Milk, and Juices)
• by Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, and Online)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Danone S.A, Pacific Foods of Oregon, LLC, Blue Diamond Growers, Inc., SunOpta, The Hain Celestial Group, Inc., Freedom Foods Group Ltd., Califia Farms, Harmless Harvest, Koia, Vitasoy International Holdings Ltd.
Key Drivers •Development in wellbeing mindfulness and expansion in discretionary cash flow.
•Presentation of extra solid fixings by various market players.
Market Challenges: •Plant-based drinks are effectively bought in evolved nations yet the industry is confronting difficulties in extending deals in non-industrial nations.

Frequently Asked Questions

Ans: Source, Type, and Distribution Channel segments are covered in the Plant-based Beverages Market.

Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.

Ans: The Asia-Pacific has the biggest offer in the Plant-based Beverages market.

Ans: Fluctuating costs of natural substances and significant expense and Plant-based drinks are effectively bought in evolved nations yet the industry is confronting difficulties in extending deals in non-industrial nations are the restraining factor and challenges faced by the Plant-based Beverages market.

Ans: The Global Plant-based Beverages Market Size is supposed to arrive at USD 49.6 billion by 2028, and develop at a CAGR of 14.8% over the forecast period 2022-2028.

Table of Contents:

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World

5. Value chain analysis

6. Porter’s 5 forces model

7. PEST analysis

8. Global Plant-based Beverages Market segmentation, By Source

8.1 Fruits

8.2 Nuts

8.3 Rice

8.4 Soy

8.5 Others

9.  Global Plant-based Beverages Market segmentation, By Type

9.1 RTD Tea & Coffee

9.2 Plant-Based Milk

9.3 Juices

9.4 Others

10.  Global Plant-based Beverages Market segmentation, By Distribution Channel

10.1 Hypermarkets & Supermarkets

10.2 Convenience Stores

10.3 Specialty Stores

10.4 Online

11. Global Plant-based Beverages Market, by region/ country

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company profiles

12.1 Danone S.A

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 Swot Analysis

12.1.4 The SNS View

12.2 Pacific Foods of Oregon, LLC

12.3 Blue Diamond Growers, Inc.

12.4 SunOpta,

12.5 The Hain Celestial Group, Inc.

12.6 Freedom Foods Group Ltd.

12.7 Califia Farms

12.8 Harmless Harvest

12.9 Koia

12.10 Vitasoy International Holdings Ltd.

13. Competitive Landscape

13.1 Competitive Bench Marking

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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