Categories: Food & Beverages

Plant-Based Beverages Market Competitor Analysis, Growth, Insights, Trends 2023-2032

The Plant Based Beverages Global Market Report 2023, provides comprehensive information on the plant based beverages market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Plant Based Beverages Global Market Report 2023, the global plant-based beverages market size is expected to grow from $21.88 billion in 2022 to $24.31 billion in 2023 at a compound annual growth rate (CAGR) of 11.07%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plantglobal plant-based beverages market size is expected to reach $37.53 billion in 2027 at a CAGR of 11.47%.

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Product innovation is a key trend gaining popularity in the plant-based beverage market. Major companies operating in the plant-based beverages market are introducing new and innovative products to strengthen their position in the market. For instance, in July 2022, Danone S.A., a France-based food production corporation, launched the first plant-based baby formula with a dairy blend. The new baby formula was created specifically to provide a vegetarian diet for babies.

The plant based beverages market is segmented:

1) By Type: RTD Tea And Coffee, Plant Based Milk, Juices, Other Types

2) By Nature: Organic, Conventional

3) By Flavor: Plain, Flavored

4) By Function: Cardiovascular Health, Cancer Prevention, Bone Health, Lactose-Free Alternative, Other Functions

Top Major Players:
SunOpta Inc
The Hain Celestial Group Inc
Pacific Foods
Nestlé S.A.
Vitasoy

Asia-Pacific was the largest region in the plant-based beverages market in 2022.

The table of contents in TBRC’s plant based beverages market report includes:

1. Executive Summary
2. Plant-Based Beverages Market Characteristics
3. Plant-Based Beverages Market Trends And Strategies
4. Plant-Based Beverages Market – Macro Economic Scenario
5. Plant-Based Beverages Market Size And Growth
………………………………………………………………….
26. Africa Plant-Based Beverages Market
27. Plant-Based Beverages Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plant-Based Beverages Market
29. Plant-Based Beverages Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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