Latin America Plant-based Beverages Market Size & Outlook
Latin America plant-based beverages market, 2017-2030 (US$M)
Related Markets
Latin America plant-based beverages market highlights
- The Latin America plant-based beverages market generated a revenue of USD 562.4 million in 2021.
- The market is expected to grow at a CAGR of 11.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 562.4 million |
| Market revenue in 2030 | USD 1,501.3 million |
| Growth rate | 11.5% (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 |
| 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, Latin America region accounted for 2.3% 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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Latin America 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 37.87% in 2021. Horizon Databook has segmented the Latin America plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
Argentina and Brazil are among several countries in the region that have a high burden of mortality and morbidity resulting from non-communicable diseases (NCDs). NCDs are mainly associated with unhealthy lifestyle habits and low consumption of plant-based proteins.
Growing health consciousness among an increasing number of people in these countries and more has driven the shift to healthy and vegan diets. In 2018, of the total population in Latin America, 4% of population were vegan while 10% were flexitarian.
The growing vegan trend, particularly among young consumers, as well as growing health consciousness is expected to drive the plant-based beverages market in Latin America over the forecast period.
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Target buyers of Latin America 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 Latin America plant-based beverages market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America plant-based beverages market size, by country, 2017-2030 (US$M)
Latin America Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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