With 12.70% CAGR, Plant-Based Beverages Market Size to Hit US$ 54.09 Billion by 2027

The latest research study "Plant-Based Beverages Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global plant-based beverages market size reached US$ 24.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.09 Billion by 2027, exhibiting a growth rate (CAGR) of 12.70% during 2022-2027.

Plant-based beverages represent healthy drinks that are manufactured and processed from plant materials, such as grains and seeds, and extracted in water. Some of the commonly available plant-based beverages are rice milk, soymilk, tea, coffee, etc. Plant-based beverages are low in calories and rich in protein, calcium, vitamins A and D, B-complex, DHA omega-3s or probiotics, etc. They are generally consumed as an alternative to dairy products as they comprise of a healthy combination of mono- and polyunsaturated fats and have zero concentration of lactose. As a result, plant-based beverages help in reducing the risk of developing heart diseases, strokes, diabetes, etc.


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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Plant-Based Beverages Market Trends and Drivers:

The escalating health consciousness among masses across the globe is among the key factors augmenting the plant-based beverages market. Furthermore, the elevating demand for these beverages to provide hydration and serve as a source of numerous essential nutrients, vitamins, minerals, and proteins and aid in lowering the risk of cardiovascular diseases (CVDs), improving immunity, and strengthening bone health is also bolstering the global market. Moreover, the widespread product consumption among the vegan population, owing to the increasing prevalence of lactose intolerance and several kinds of food allergies, is further catalyzing the market growth. Apart from this, the launch of variants formulated with additional healthy ingredients, including oat-based options, is acting as another significant growth-inducing factor. Besides this, the inflating requirement for plant-based supplements in the sports and nutrition sectors is further fueling the market growth. Additionally, the growing expenditure capacities of consumers, the widespread product adoption in cafes and bakeries, significant advancements in processing technologies, and the expanding demand for ready-to-drink (RTD) beverages, on account of the busy lifestyles and hectic schedules of individuals, are expected to positively influence the plant-based beverages market in the coming years. 

Plant-Based Beverages Market t Report Scope
Report CoverageDetails
Market size value in 2021US$ 24.76 Billion
Market forecast in 2027US$ 54.09 Billion
Growth RateCAGR of 12.70% from 2022 to 2027
Base year for estimation2021
Historical data2016-2021
Forecast period2022-2027

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Plant-Based Beverages Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Blue Diamond Growers Inc, Califia Farms LLC, Danone S.A., Drink Koia Online, Kikkoman Corporation, Organic Valley, Pacific Foods of Oregon LLC (Campbell Soup Company), PureHarvest, Ripple Foods, SunOpta Inc. and The Coca-Cola Company.

The report has segmented the market on the basis of type, product and distribution channel.

Breakup by Type:

  • Soy-based
  • Coconut-based
  • Almond-based
  • Rice-based
  • Oats-based
  • Hemp-based
  • Hazelnut-based
  • Cashew-based
  • Flax-based

Breakup by Product:

  • Plain
  • Flavored

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter's Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Contact Us:

IMARC Services Private Limited.
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Sheridan, WY 82801 USA - Wyoming
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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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