Dublin, Dec. 18, 2024 (GLOBE NEWSWIRE) -- The "Plant-Based Beverages - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Plant-based Beverages was estimated at US$22.9 billion in 2023 and is projected to reach US$47 billion by 2030, growing at a CAGR of 10.8% from 2023 to 2030. Plant-based beverages have experienced an exponential rise in popularity over the last decade, driven by a fundamental shift in consumer preferences toward healthier, sustainable, and ethical food choices.
This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Plant-based Beverages Market such as Blue Diamond Growers, Borges International Group, Califia Farms, CSC Brands, Danone and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the plant-based beverages market is driven by several factors, all contributing to the sector`s rapid expansion. Technological advancements in processing techniques and ingredient innovation have been crucial in enhancing the taste, texture, and nutritional content of plant-based drinks, making them more appealing to a broader audience. The development of protein-rich formulations, advanced flavoring technologies, and better fortification has allowed manufacturers to create superior products that closely mimic dairy`s creaminess and nutritional profile, thereby attracting health-conscious and mainstream consumers alike.
Consumer behavior is another significant driver, particularly the increasing adoption of plant-based diets, even among non-vegans. The rise of flexitarianism, combined with growing environmental concerns, is fueling demand for plant-based beverages as consumers seek to reduce their carbon footprint and opt for more sustainable food choices. Furthermore, the clean-label movement, which prioritizes transparency and the use of natural, simple ingredients, aligns perfectly with the values of consumers purchasing plant-based beverages.
Functional benefits also play a key role, with consumers gravitating towards beverages that offer added health perks like enhanced protein, probiotics, or antioxidants. Finally, the global rise in lactose intolerance, particularly in regions like Asia-Pacific, has expanded the market for plant-based alternatives, ensuring strong and sustained demand for these products in both established and emerging markets.
Key Questions Answered:
- How is the Global Plant-based Beverages Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 48 companies featured in this Global Plant-based Beverages market report include:
- Blue Diamond Growers
- Borges International Group S.L.
- Califia Farms
- CSC Brands L.P.
- Danone S.A.
- Hain Celestial
- Kikkoman Corporation
- Pepsi Co.
- Pulmuone Foods USA, Inc.
- Pureharvest
- Ripple Foods
- Sunopta
- The Coca Cola Company
- Troll Bridge Creek
- Want Want China Holdings Limited
Key Attributes
| Report Attribute | Details |
| No. of Pages | 96 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $22.9 Billion |
| Forecasted Market Value (USD) by 2030 | $47 Billion |
| Compound Annual Growth Rate | 10.8% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Plant-based Beverages - Global Key Competitors Percentage Market Share in 2024
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Consumer Demand for Healthy and Plant-Based Alternatives Drives Growth of the Global Plant-Based Beverages Market
- Increasing Popularity of Dairy-Free and Lactose-Free Beverages Expands Market for Plant-Based Milk Alternatives
- Growing Interest in Sustainable and Eco-Friendly Food Choices Propels Demand for Plant-Based Beverages with Lower Environmental Impact
- Technological Innovations in Plant-Based Beverage Formulations Enhance Product Texture, Taste, and Nutritional Value
- Increasing Focus on Vegan and Flexitarian Diets Spurs Growth of the Plant-Based Beverage Market Across Demographics
- Rising Consumer Awareness of the Health Benefits of Plant-Based Ingredients Drives Demand for Functional Beverages with Added Nutrients
- Expansion of the Plant-Based Protein Market Fuels Growth of High-Protein Plant-Based Beverages for Sports and Fitness Consumers
- Growing Investments in Alternative Proteins and Dairy-Free Innovations Propel Growth in Plant-Based Beverage Options
- Emergence of Sustainable Packaging Solutions in Plant-Based Beverage Industry Strengthens Business Case for Eco-Friendly Products
- Rising Demand for Organic and Non-GMO Beverages Expands Market for Plant-Based Drinks with Clean Ingredient Labels
- Technological Advancements in Plant Extraction and Processing Methods Propel Growth of Plant-Based Beverage Innovation
- Increasing Focus on Plant-Based Beverages with Functional Benefits Such as Probiotics and Antioxidants Expands Consumer Base
- Growing Popularity of Plant-Based Coffees, Lattes, and Teas Expands Market for Premium and Specialty Beverage Options
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/6ufns9
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