UAE Plant-based Beverages Market Size & Outlook, 2021-2030
UAE plant-based beverages market, 2017-2030 (US$M)
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UAE plant-based beverages market highlights
- The UAE plant-based beverages market generated a revenue of USD 408.4 million in 2021 and is expected to reach USD 1,153.0 million by 2030.
- The UAE market is expected to grow at a CAGR of 12.2% 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 408.4 million |
| Market revenue in 2030 | USD 1,153.0 million |
| Growth rate | 12.2% (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, UAE accounted for 1.7% 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 Middle East & Africa, UAE plant-based beverages market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,153.0 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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UAE 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 37.68% in 2021. Horizon Databook has segmented the UAE plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
The plant-based diet trend is mainly popular among nutritionists, fitness enthusiasts, and restaurateurs in UAE. The prominent increase in the adoption of plant-based foods and beverages is attributed to the growing attention of millennials toward healthy eating habits, responsibility toward the environment, and animal welfare.
The increasing number of vegan restaurants and the rising spending capacity of consumers are also driving the UAE plant-based beverage market. UAE has witnessed a prominent rise in the vegan trend in the last few years with the opening of several vegan restaurants.
For instance, in 2018, Bare burger, a restaurant chain in Abu Dhabi and Dubai, launched the plant-based Beyond Burger for its customers. Similarly, Applebee’s in Dubai started serving vegan B12 burgers. In 2017, Dubai-based Veganity became the world’s largest vegan restaurant and planned to expand to more cities, including Abu Dhabi.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UAE 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 UAE plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into UAE plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UAE plant-based beverages market size, by type, 2017-2030 (US$M)
UAE Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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