Thailand Plant-based Beverages Market Size & Outlook
Thailand plant-based beverages market, 2017-2030 (US$M)
Related Markets
Thailand plant-based beverages market highlights
- The Thailand plant-based beverages market generated a revenue of USD 1,204.9 million in 2021 and is expected to reach USD 3,686.5 million by 2030.
- The Thailand market is expected to grow at a CAGR of 13.2% 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 1,204.9 million |
| Market revenue in 2030 | USD 3,686.5 million |
| Growth rate | 13.2% (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, Thailand accounted for 4.9% 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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Thailand 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 38.41% in 2021. Horizon Databook has segmented the Thailand 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 Thailand plant-based beverages market is attributed to the rising awareness of these products and their benefits in daily life. The growing inclination of the country’s people toward Buddhism is the main reason people are opting for plant-based diets and drinks.
According to the official census data 2019, approximately 95% of Thais follow Buddhism, among which a very small percentage is vegan. Such factors are likely to contribute to the overall country-level growth of the plant-based beverages market.
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Target buyers of Thailand 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 Thailand plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into Thailand plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand plant-based beverages market size, by type, 2017-2030 (US$M)
Thailand Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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