U.S. Plant-based Beverages Market Size & Outlook
U.S. plant-based beverages market, 2017-2030 (US$M)
Related Markets
U.S. plant-based beverages market highlights
- The U.S. plant-based beverages market generated a revenue of USD 2,622.5 million in 2021 and is expected to reach USD 7,947.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13.1% from 2022 to 2030.
- In terms of segment, soy was the largest revenue generating type in 2021.
- Almond 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 2,622.5 million |
| Market revenue in 2030 | USD 7,947.6 million |
| Growth rate | 13.1% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Almond |
| 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, U.S. accounted for 10.7% 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 North America, U.S. plant-based beverages market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 704.4 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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U.S. 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 38.39% in 2021. Horizon Databook has segmented the U.S. plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
According to the Vegan Society, in 2010, over 20% of the U.S. consumers adopted plant-based beverages, which increased to over 35% in 2016. Similarly, in 2019, plant-based beverages accounted for further 12% growth over the 2018.
National Institute of Health (NIH) stated that in 2019, over 25% of the U.S. consumers were lactose intolerant. Growing health awareness among U.S. consumers is leading to less sugar and fat intake, along with high protein consumption and overall nutritional balance.
Furthermore, the increasing purchasing power of consumers, coupled with the rising adoption of the vegan diet, has been driving the plant-based beverages market over the years. Greater focus on fitness among millennials and the younger population is another trend fueling market growth in the U.S.
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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 U.S. 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 U.S. plant-based beverages market , including forecasts for subscribers. This country databook contains high-level insights into U.S. plant-based beverages market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. plant based beverages market size, by type, 2017-2030 (US$M)
U.S. Plant-based Beverages Market Outlook Share, 2021 & 2030 (US$M)
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