India Plant-based Beverages Market Size & Outlook
India plant-based beverages market, 2017-2030 (US$M)
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India plant-based beverages market highlights
- The India plant-based beverages market generated a revenue of USD 871.5 million in 2021 and is expected to reach USD 2,983.1 million by 2030.
- The India market is expected to grow at a CAGR of 14.7% 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 871.5 million |
| Market revenue in 2030 | USD 2,983.1 million |
| Growth rate | 14.7% (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, India accounted for 3.6% 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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India 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 38.67% in 2021. Horizon Databook has segmented the India plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the plant-based beverages market in India is attributed to the willingness of consumers to shift to a plant-based vegan diet. India has a large vegetarian population and a substantial part of this group is turning to plant-based food and beverages due to health reasons.
In 2019, a survey conducted by companies in India stated that 63% of Indians were willing to trade meat-based products with plant-based options. Such factors are likely to contribute to the market growth in the country.
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Target buyers of India 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 India plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into India plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India plant-based beverages market size, by type, 2017-2030 (US$M)
India Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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