The plant based beverages market size is projected to reach USD 38.66 billion by 2028 at a CAGR of 12.6% during the forecast period.

The determinants such as the growing number of product launches, increasing investments by major companies to the rising beverage industry are bolstering the market growth. High costs of plant based beverages and lack of proper knowledge amongst populace are major challenges for the market. This has provided an increasing opportunity to plant based milk products for Coffee and Tea in various countries around the globe.

Global Plat Based Beverages Market
Global Plant Based Beverages Market

Plant based products are essentially divided into two categories viz a viz., plant based substitutes and plant focused. The plant based substitutes segment includes all products which replicate animal based counterparts like milk, yogurt, meat, and ice cream. The plant focused products include fruits and vegetables. These segments include commodities like juices, dressings, spreads, toppings, and plant based snacks.

Global Plant Based Beverages Market
Global Plant Based Beverages Market

Major players operating in the market have been expanding their capacities or acquiring small plant based beverage companies or brands to extend their horizon of plant based beverages. In source based, dairy alternatives segment held significant market share during the forecast period. The almond milk segment in this is estimated to be the biggest segment in plant based beverages market. Almond milk has achieved fame all over coffee shops in the United States.

By region, the Asia Pacific region is one of the lucrative markets during the forecast period. The region consists of key revenue generating countries, which have a large consumer base.

Key Factors Impacting Market Growth:

  • Shifting focus on a low carbohydrate, high energy foods.
  • Increasing demand for healthy food alternatives.
  • Increasing focus on strict diet regimes by working population in big cities.

What Does This Report Provide?

This report provides a detailed understanding of the plant based beverages market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Source:

  • Almond
  • Soy
  • Coconut
  • Rice
  • Cashew
  • Oats
  • Pea
  • Hemp

By Type Of Mode:

  • Milk
  • Smoothies
  • Shakes
  • Nogs

By Function:

  • Cardiovascular Health
  • Cancer Prevention
  • Bone Health
  • Lactose Free Alternative
  • Qualitative Segment

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Source
    • By Type Of Mode
    • By Function
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Source
    • By Type Of Mode
    • By Function
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Source
    • By Type Of Mode
    • By Function
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Source
    • By Type Of Mode
    • By Function
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Source
    • By Type Of Mode
    • By Function
  • Rest of the World
    • By Region (South America, Africa)
    • By Source
    • By Type Of Mode
    • By Function

Companies Covered: United Technologies, Daikin Industries, Ingersoll-Rand, China International Marine Containers, Utility Trailer, Singamas Container, Hyundai, Schmitz Cargobull, Fahrzeugwerk Bernard Krone, Lamberet, Kögel Trailer, Great Dane, Webasto, Wilhelm Schwarzmuëller,Coca-Cola Company, PepsiCo, Inc., Hain Celestial Group, Danone SA, Fresh Del Monte Produce Inc., Campbell Soup Company., Califia Strategies, Koia, Keurig Dr Pepper Inc. and SunOpta Inc…

Reasons To Buy This Report:

  • Market size estimation of the plant based beverages market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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