What Is The Expected Market Size And Growth Rate of The Global Plant-Based Beverages Market?
The plant-based beverages market size has grown substantially in recent years. From a market size of $27.09 billion in 2024, it will reach $30.2 billion in 2025 propelled by a compound annual growth rate (CAGR) of 11.5%. The historical growth can be attributed to factors such as rising instances of lactose intolerance and dairy allergies, increased adoption of vegan and vegetarian lifestyles, environmental and ethical concerns, retail expansion, government initiatives, and the functional and nutritional benefits of plant-based beverages.
The plant-based beverages market size is expected to see substantial growth in the coming years, projected to touch $47.81 billion in 2029 with a compound annual growth rate (CAGR) of 12.2%. The forecasted growth can be attributed to a focus on sustainable and ethical practices, expansion of plant-based milk alternatives, global culinary fusion trends, e-commerce growth, and the rising prominence of plant-based beverages in food services. Major trends anticipated during the forecast period include diversification of plant sources, functional and fortified formulations, reduced sugar and clean label products, innovations in packaging, and the rising popularity of ready-to-drink (RTD) market.
Get Your Free Sample of The Global Plant-Based Beverages Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10322&type=smp
What Are The Drivers of The Plant-Based Beverages Market?
The increasing trend of veganism is expected to drive the growth of the plant-based beverages market. Veganism implies the rejection of all products derived partly or completely from animals, which has led to a surge in the popularity of plant-based drinks. These drinks are believed to have various health benefits including improved heart rates and protection against cancer and other diseases. For example, in 2023, a report published by the U.S. Department of Agriculture’s Foreign Agricultural Service revealed that Germany had the highest rate of vegetarianism and around 1.58 million vegans, fueling the demand for plant-based beverages.
What Are The Major Segments in The Global Plant-Based Beverages Market?
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
Order Your Report Now For Swift Delivery:
https://www.thebusinessresearchcompany.com/report/plant-based-beverages-global-market-report
Who Are The Major Players in The Plant-Based Beverages Market?
Major companies operating in the plant-based beverages market include SunOpta Inc., The Hain Celestial Group Inc., Pacific Foods of Oregon Inc., NestlĂ© S.A., Vitasoy International Holdings Limited, Harmless Harvest Inc., Califia Farms LP, Freedom Foods Group, Campbell Soup Company, RiceBran Technologies, PepsiCo Inc., Premier Nutrition Company LLC, Mead Johnson & Company LLC, Danone S.A., Blue Diamond Growers Inc., Amy’s Kitchen Inc., Conagra Brands Inc., Daiya Foods Inc., General Mills Inc., Kellogg Company, Archer Daniels Midland Company, Axiom Foods Inc., Bolthouse Farms Inc., Eden Foods Inc., Elmhurst 1925 Inc., Forager Project LLC, Good Karma Foods Inc., Kerry Group plc.
What Are The Emerging Trends in The Plant-Based Beverages Market?
Major companies operating in the plant-based beverage market are focusing on introducing innovative products such as protein-based beverages. For instance, in October 2024, Whole Moon, a US-based plant beverage company, launched a line of plant-based beverages combining whole-roasted almonds, oats, pistachios, and soybeans, offering a rich, nutty flavor and complete protein with all nine essential amino acids, catering to a variety of dietary needs and preferences.
Which Region Holds The Largest Share In The Plant-Based Beverages Market?
In 2024, Asia-Pacific held the largest share in the plant-based beverages market while Europe is anticipated to be the fastest-growing region in the global plant-based beverages market during the forecast period. The regions covered in the plant-based beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Plant-Based Beverages Market Report 2025 Offer?
Plant-based beverages refer to those drinks obtained from plant materials such as seeds, grains, etc., and are used as a replacement for milk-based beverages. The Plant-Based Beverages Market research report from The Business Research Company offers insights into the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, opportunities, and potential growth drivers in the industry.
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10322
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the enthusiastic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead. Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model