Global Plant-based Beverages Market Size & Outlook
Global plant-based beverages market, 2017-2030 (US$M)
Related Markets
Global plant-based beverages market highlights
- The global plant-based beverages market generated a revenue of USD 24,419.6 million in 2021 and is expected to reach USD 71,832.2 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 12.7% by 2030.
- In terms of segment, soy accounted for a revenue of USD 9,386.9 million in 2021.
- Coconut is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 24,419.6 million |
| Market revenue in 2030 | USD 71,832.2 million |
| Growth rate | 12.7% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Coconut |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Coconut, Almond, Oats |
Other key industry trends
- In terms of revenue, the North America accounted for 13.5% of the global plant-based beverages market in 2021.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 573.1 million by 2030.
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Plant-based Beverages Market Scope
Plant-based Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global plant-based beverages market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plant-based beverages market will help companies and investors design strategic landscapes.
Soy was the largest segment with a revenue share of 38.44% in 2021. Horizon Databook has segmented the Global plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Plant-based Beverages Type Outlook (Revenue, USD Million, 2017-2030)
- Soy
- Coconut
- Almond
- Oats
- Others
- Global Plant-based Beverages Product Outlook (Revenue, USD Million, 2017-2030)
- Plain
- Flavored
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Target buyers of Global plant-based beverages market databook
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Our clientele includes a mix of plant-based beverages market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global plant-based beverages market , including forecasts for subscribers. This global databook contains high-level insights into Global plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global plant-based beverages market size, by regions, 2017-2030 (US$M)
Top 10 countries: Plant-based beverages market size, 2021 (US$M)
Global plant-based beverages market share, by type, 2021 & 2030 (%, US$M)
Plant-based beverages market: Opportunity assessment by country
Global plant-based beverages market, by region, 2021 (US$M)
| Type | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,443.4 | 2,605.1 | 2,787.4 | 3,022.5 | 3,294.0 | 3,609.9 | 3,979.2 | 4,413.5 | 4,927.3 | 5,539.0 | 6,272.6 | 7,158.8 | 8,237.4 | 10,078.1 | 13.2% |
| Europe | 2,061.7 | 2,210.8 | 2,379.1 | 2,594.6 | 2,843.9 | 3,134.6 | 3,475.2 | 3,876.6 | 4,352.8 | 4,921.4 | 5,605.2 | 6,433.8 | 7,445.7 | 9,151.3 | 13.9% |
| Asia Pacific | 12,060.1 | 12,868.1 | 13,778.7 | 14,950.9 | 16,306.5 | 17,883.1 | 19,726.9 | 21,895.6 | 24,462.2 | 27,519.9 | 31,187.4 | 35,618.7 | 41,014.8 | 47,201.1 | 12.5% |
| Latin America | 424.9 | 450.9 | 480.3 | 518.4 | 562.4 | 613.5 | 673.0 | 743.2 | 825.9 | 924.1 | 1,041.8 | 1,183.3 | 1,355.4 | 1,501.3 | 11.5% |
| MEA | 1,015.5 | 1,091.5 | 1,177.0 | 1,286.2 | 1,412.8 | 1,559.9 | 1,732.4 | 1,935.7 | 2,176.8 | 2,464.8 | 2,811.2 | 3,231.0 | 3,743.4 | 3,900.4 | 11.9% |
| Overall | 18,005.6 | 19,226.4 | 20,602.5 | 22,372.6 | 24,419.6 | 26,801.0 | 29,586.7 | 32,864.6 | 36,745.0 | 41,369.2 | 46,918.2 | 53,625.6 | 61,796.7 | 71,832.2 | 12.7% |
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