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Global Plant-based Beverages Market 2019-2023

Global Plant-based Beverages Market 2019-2023

Global Plant-based Beverages Market: About this market

Plant-based beverages are healthy and low in calories and primarily include variants such as milks, smoothies, and nogs. Technavio’s plant-based beverages industry market analysis considers sales from almond, soy, coconut, and other sources. Our analysis also considers the sales of plant-based beverages in APAC, Europe, MEA, North America, and South America. In 2018, the almond segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing awareness about the health benefits of almond-based beverages, product innovation, and new product launches will play a significant role in the almond segment to maintain its market position. Also, our global plant-based beverages market report also looks at factors such as frequent product launches, health benefits of plant-based beverages, increasing lactose intolerant population and rising veganism. However, increasing number of product recalls, fluctuating prices of raw materials and rising penetration of new naive players, stringent regulations may hamper the growth of the plant-based beverages industry over the forecast period.

Global Plant-based Beverages Market: Overview

Health benefits of plant-based beverages

Growing awareness about the health benefits of consuming plant-based beverages, such as soy milk, almond milk, pea-based beverages, rice milk, coconut-based beverages, and oat milk, is a major driver, which is estimated to positively impact the growth of the global plant-based beverages market during the forecast period. Plant-based protein in plant-based beverages offers a plethora of health benefits such as it acts as a source of building blocks that promote the growth of healthy tissues and muscles. Such benefits will lead to the expansion of the global plant-based beverages market at a CAGR of over 11% during the forecast period.

Growing popularity of organic plant-based beverages

The demand and popularity of organic food and beverages, including plant-based beverages, are rising globally. Consumers are preferring organic plant-based beverages to the conventional ones because the former is healthier in nature and is sourced from better quality natural ingredients. Therefore, the majority of vendors are incorporating USDA-certified organic and non-GMO ingredients in their plant-based beverages. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global plant-based beverages market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global plant-based beverages market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plant-based beverages manufacturers, that include Blue Diamond Growers, Califia Farms LP, Danone SA, The Coca-Cola Co., and Vitasoy International Holdings Ltd.

Also, the plant-based beverages market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


Companies Mentioned

Blue Diamond Growers, Califia Farms LP, Danone SA, The Coca-Cola Co., and Vitasoy International Holdings Ltd.

  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors: Key product offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global packaged food market
      • Table Segments of global packaged food market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by source
    • Table Source - Market share 2018-2023 (%)
    • Comparison by source
      • Table Comparison by source
    • Almond - Market size and forecast 2018-2023
      • Table Almond - Market size and forecast 2018-2023 ($ millions)
      • Table Almond - Year-over-year growth 2019-2023 (%)
    • Soy - Market size and forecast 2018-2023
      • Table Soy - Market size and forecast 2018-2023 ($ millions)
      • Table Soy - Year-over-year growth 2019-2023 (%)
    • Coconut - Market size and forecast 2018-2023
      • Table Coconut - Market size and forecast 2018-2023 ($ millions)
      • Table Coconut - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by source
      • Table Market opportunity by source
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Growing popularity of organic plant-based beverages
    • Increasing investments and acquisitions
    • Packaging and product innovations in the plant-based beverages sector
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Blue Diamond Growers
      • Table Blue Diamond Growers - Vendor overview
      • Table Blue Diamond Growers - Product segments
      • Table Blue Diamond Growers - Organizational developments
      • Table Blue Diamond Growers - Key offerings
    • Califia Farms LP
      • Table Califia Farms LP - Vendor overview
      • Table Califia Farms LP - Product segments
      • Table Califia Farms LP - Organizational developments
      • Table Califia Farms LP - Key offerings
    • Danone SA
      • Table Danone SA - Vendor overview
      • Table Danone SA - Business segments
      • Table Danone SA - Organizational developments
      • Table Danone SA - Geographic focus
      • Table Danone SA - Segment focus
      • Table Danone SA - Key offerings
    • The Coca-Cola Co.
      • Table The Coca-Cola Co. - Vendor overview
      • Table The Coca-Cola Co. - Business segments
      • Table The Coca-Cola Co. - Organizational developments
      • Table The Coca-Cola Co. - Geographic focus
      • Table The Coca-Cola Co. - Segment focus
      • Table The Coca-Cola Co. - Key offerings
    • Vitasoy International Holdings Ltd.
      • Table Vitasoy International Holdings Ltd. - Vendor overview
      • Table Vitasoy International Holdings Ltd. - Business segments
      • Table Vitasoy International Holdings Ltd. - Organizational developments
      • Table Vitasoy International Holdings Ltd. - Segment focus
      • Table Vitasoy International Holdings Ltd. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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