Australia Plant-based Beverages Market Size & Outlook
Australia plant-based beverages market, 2017-2030 (US$M)
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Australia plant-based beverages market highlights
- The Australia plant-based beverages market generated a revenue of USD 327.6 million in 2021 and is expected to reach USD 1,076.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 14.1% from 2022 to 2030.
- In terms of segment, soy was the largest revenue generating type in 2021.
- Coconut is the most lucrative type segment registering the fastest growth during the forecast period.
Plant-based beverages market data book summary
| Market revenue in 2021 | USD 327.6 million |
| Market revenue in 2030 | USD 1,076.2 million |
| Growth rate | 14.1% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Coconut |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Coconut, Almond, Oats |
| Key market players worldwide | Danone SA, SunOpta Inc, The Hain Celestial Group Inc, Vitasoy International Holdings Ltd, Noumi, Pacific Foods of Oregon, Blue Diamond Growers, Harmless Harvest |
Other key industry trends
- In terms of revenue, Australia accounted for 1.3% of the global plant-based beverages market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China plant-based beverages market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,983.1 million by 2030.
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Plant-based Beverages Market Scope
Plant-based Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 38.71% in 2021. Horizon Databook has segmented the Australia plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
According to the annual index by Chef’s Pencil, Australia was the second-most popular nation for vegans globally in 2020, behind the U.K. Australia encompasses one of the largest vegan communities globally, and the moving trend toward veganism continues to be fueled by environmental concerns.
Climate change in Australia and its impact felt through extreme heatwaves has declined meat consumption among Australians. Further, according to Happy Cow, though the restaurant industry was badly hit by the pandemic, more vegan restaurants have opened than closed since the onset of the pandemic.
A similar study stated that Generation Z in Australia (18 and 25 years) is more concerned about the environment and animal welfare, and thereby choosing a plant-based diet. Thus, growing environmental concerns and rising adoption of a plant-based diet bode well for the growth of plant-based beverages in Australia.
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Target buyers of Australia 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 country-level data and insights on the Australia plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into Australia plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia plant-based beverages market size, by type, 2017-2030 (US$M)
Australia Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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