UK Plant-based Beverages Market Size & Outlook, 2021-2030
UK plant-based beverages market, 2017-2030 (US$M)
Related Markets
UK plant-based beverages market highlights
- The UK plant-based beverages market generated a revenue of USD 476.7 million in 2021 and is expected to reach USD 1,607.1 million by 2030.
- The UK market is expected to grow at a CAGR of 14.5% 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 476.7 million |
| Market revenue in 2030 | USD 1,607.1 million |
| Growth rate | 14.5% (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, UK accounted for 2.0% 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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UK 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 38.62% in 2021. Horizon Databook has segmented the UK plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
In 2019, over 25% of the U.K. population was consuming plant-based beverages, primarily due to the rapidly growing popularity of vegan diets. Growth of the U.K. plant-based beverages market is expected to continue at a significant rate owing to its high potential and early stage of development, increasing ethical focus of the consumers (led by the millennial generation), and emergence of vegan consumers.
According to Mintel, the U.K. is moving toward becoming a global leader for vegan food and beverages. In 2018, over 16% of the food and beverage launches in the U.K. were vegan. Vegan Society stated that in 2018, there were 600,000 vegan consumers in the U.K., increasing from 150,000 in 2014.
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Target buyers of UK 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 UK plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into UK plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK plant-based beverages market size, by type, 2017-2030 (US$M)
UK Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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