Germany Plant-based Beverages Market Size & Outlook
Germany plant-based beverages market, 2017-2030 (US$M)
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Germany plant-based beverages market highlights
- The Germany plant-based beverages market generated a revenue of USD 353.9 million in 2021 and is expected to reach USD 1,170.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 14.2% 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.
Plant-based beverages market data book summary
| Market revenue in 2021 | USD 353.9 million |
| Market revenue in 2030 | USD 1,170.5 million |
| Growth rate | 14.2% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Oats |
| 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, Germany accounted for 1.4% 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 Europe, Spain plant-based beverages market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,607.1 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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Germany 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 38.54% in 2021. Horizon Databook has segmented the Germany plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
German food and beverage culture is majorly shifting toward veganism. Between July 2017 and June 2018, over 15% of the global vegan food and beverage products were launched in Germany. Germany has the highest rate of vegetarianism compared to its European neighbors; thus, the number of vegan consumers is also on the rise.
According to the international food awareness organization, Pro Veg International, among the 83 million population of Germany, 1.3 million consumers were vegans and 8 million were vegetarians in 2019. Since 2014, the vegetarian population in Germany has grown by over 700 thousand individuals, reaching about 8 million people in 2019.
According to a study by the Federal Ministry of Food and Agriculture, 1% of this number comprises the vegan population, accounting for 814,000 individuals in 2019. This scenario bodes well for the growth of the plant-based beverages market.
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Target buyers of Germany 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 Germany plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into Germany plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany plant-based beverages market size, by type, 2017-2030 (US$M)
Germany Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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