Plant Based Beverages Market Size Was Valued at USD 19.87 Billion in 2023, and is Projected to Reach USD 45.04 Billion by 2030, Growing at a CAGR of 12.4% From 2024-2030.

Beverages without dairy that are derived from plants rather than animals, such as cow's milk, are referred to as plant-based beverages. People who are lactose intolerant or allergic to dairy proteins, as well as those who eat a vegan or vegetarian diet, are big fans of these drinks. Plant-based drinks made from grains, legumes, seeds, and nuts have become more and more popular as a result of dietary limitations, environmental concerns, and health consciousness. They act as dairy substitutes for those who are allergic, lactose intolerant, or vegan, such as soy milk, almond milk, and oat milk. They can serve as the foundation for shakes and smoothies, adding extra nutrients and a creamy texture. They have a creamy texture and flavor and are frequently used to improve tea and coffee.

Plant-based drinks can be used in baking and cooking recipes in place of dairy milk or cream.
Plant-based drinks are also utilized in sports and nutrition since they make protein shakes and smoothies and give post-workout recovery drinks. Certain plant-based drinks are designed for babies and young kids who have dietary restrictions or allergies that prevent them from consuming dairy milk. To provide additional health benefits, they can be supplemented with vitamins, minerals, antioxidants, and other useful components. In order to add taste, texture, and creaminess to cocktails without using dairy products, they can also be used as mixers.

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The following manufacturers are covered in this report, with sales, revenue, market share for each company:

 The Coca-Cola Company (US), PepsiCo, Inc. (US), Hain Celestial Group (US), Califia Farms (US), Blue Diamond Growers (US), Ripple Foods (US), Silk (US), So Delicious Dairy Free (US), Califia Farms (US), Good Karma Foods (US), Forager Project (US), Dream (US), Beyond Meat, Inc. (US), Elmhurst 1925 (US), Bolthouse Farms (US), Amy's Kitchen, Inc. (US), Planet Oat (US), Daiya Foods Inc. (Canada), SunOpta Inc. (Canada), Danone S.A. (France), Nestlé S.A. (Switzerland), Oatly AB (Sweden), China Mengniu Dairy Company Limited (China), Kikkoman Corporation (Japan) and Other Major Players.

This report's study objectives are to

Research and evaluate the size, value, and volume of the global market for plant-based beverages by company, important regions, products, and end users; it also provides a breakdown of data from 2017 to 2024 and a forecast through 2032. to determine the market's numerous subsegments in order to comprehend the structure of the plant-based beverage industry. To exchange comprehensive details regarding the main elements driving the market's potential for growth, as well as the opportunities, dangers, and industry-specific obstacles. focuses on the major firms in the world that produce plant-based beverages in order to define, characterize, and evaluate their sales volume, value, market share, competitive environment, and most recent developments. to estimate the size and sales volume of the key regions' plant-based beverage submarkets.

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Segmentation of Global Plant-Based Beverages Market:

By Source

·         Soy

·         Coconut

·         Almond

·         Cashew

·         Rice

By Type

·         Milk

·         Juices

·         Tea and Coffee

By Packaging

·         Glass Bottles

·         Plastic Bottles

·         Pouches

·         Carton Packaging

·         Cans

By Distribution Channel

·         Hypermarkets/Supermarkets

·         Specialty Stores

·         Online Stores 

Market Dynamics for Plant-Based Beverages Worldwide

Growing consumer health consciousness and the global demand for low-fat food and drinks are the main factors propelling the industrial section of the plant-based beverage market. Some of the key reasons propelling the global market for plant-based drinks are the expanding food and beverage sector and the health benefits of these beverages.

Due to the constantly increasing demand for food and beverages, particularly low-fat food and beverages, throughout the projected period, companies that manufacture plant-based beverage products can take advantage of prospective opportunities in regions including North America, Europe, and Asia Pacific. Consumers' inclination to try new and pricey foods and their evolving eating patterns are significant factors driving the global market for plant-based drinks.

 By Regions: -

• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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In this study, the years considered to estimate the market size of Plant-Based Beverages are as follows:

History Year: 2017-2023

Base Year: 2023

Estimated Year: 2017

Forecast Year 2024 to 2032

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