Europe Plant-based Beverages Market Size & Outlook
Europe plant-based beverages market, 2017-2030 (US$M)
Related Markets
Europe plant-based beverages market highlights
- The Europe plant-based beverages market generated a revenue of USD 2,843.9 million in 2021.
- The market is expected to grow at a CAGR of 13.9% from 2022 to 2030.
- In terms of segment, soy was the largest revenue generating type in 2021.
- Oats is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2022 to 2030.
Europe data book summary
| Market revenue in 2021 | USD 2,843.9 million |
| Market revenue in 2030 | USD 9,151.3 million |
| Growth rate | 13.9% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Oats |
| 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 |
| 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, Europe region accounted for 11.6% of the global plant-based beverages market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 9,151.3 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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Europe 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 38.48% in 2021. Horizon Databook has segmented the Europe plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
Since the past few years, plant-based beverages have become one of the most popular food trends in Europe. The plant-based beverages market has high potential in the region as the penetration of plant based beverages in vital markets in Europe ranges from 30 to 50%, significantly lesser than dairy beverages at over 90%.
In Europe, use of the term ‘milk’ for plant-based dairy beverage alternatives is prohibited. Soy-based milk alternatives are often introduced as soy drinks in Europe. European law provides a restrictive framework for the naming practice of plant-based alternatives.
Moreover, in Europe, the consumption of plant-based beverages is not only hampered by labeling practices but also due to national fiscal regulations in many member states. In some European countries, these favor dairy products from animals over plant-based alternatives.
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Target buyers of Europe 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 continent-level data and insights on the Europe plant-based beverages market , including forecasts for subscribers. This continent databook contains high-level insights into Europe plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe plant-based beverages market size, by country, 2017-2030 (US$M)
Europe Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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