Plant Based Beverages Market
PUBLISHED: 2025 ID: SMRC28624
SHARE
SHARE

Plant Based Beverages Market

Plant-Based Beverages Market Forecasts to 2030 - Global Analysis By Product Type (Plant-Based Juices, Dairy Alternatives, Ready-to-Drink (RTD) Beverages, Plant-Based Protein Beverages, Tea & Coffee Alternatives, and Other Product Types), Source, Type, Packaging, Function, Distribution Channel and By Geography

4.9 (62 reviews)
4.9 (62 reviews)
Published: 2025 ID: SMRC28624

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Plant-Based Beverages Market is accounted for $35.50 billion in 2024 and is expected to reach $82.55 billion by 2030 growing at a CAGR of 15.1% during the forecast period. Plant-based beverages are drinks made from plant-derived ingredients, serving as alternatives to traditional dairy products. These beverages include plant-based milks (such as almond, soy, oat, and coconut), fruit and vegetable juices, plant-based waters, and protein drinks. Free from animal products, they are often preferred by individuals following vegan, lactose-free, or dairy-free diets. Plant-based beverages are gaining popularity due to their perceived health benefits, sustainability, and growing demand for dairy alternatives in response to rising consumer awareness around food and environmental choices.

According to a research study conducted by British Nutrition Foundation (BNF) in January 2021, younger consumers aged between 18 and 40 years are more likely to choose a plant-based diet and are the primary promoter of plant-based beverage trends across the globe.

Market Dynamics: 

Driver: 

Rising consumer health consciousness

As more individuals become aware of the health risks associated with excessive dairy consumption, such as high cholesterol and lactose intolerance, many are turning to plant-based alternatives for a healthier lifestyle. Almond, oat, and soy milk are examples of plant-based beverages that are thought to be lower in calories, saturated fat, and cholesterol, making them a healthier choice for anyone trying to make dietary changes. These drinks are also frequently high in vitamins, minerals, and antioxidants, which appeals to customers who are health-conscious. Consumers are increasingly choosing these beverages as part of a more comprehensive, health-conscious approach to nutrition as a result of increased understanding of the advantages of plant-based diets.

Restraint:

Short shelf life

For fresh, unprocessed choices in particular, the market is severely hampered by the short shelf life of many plant-based beverages. Compared to conventional dairy products, these drinks—like fresh almond or oat milk—are more prone to spoiling since they don't contain natural preservatives or preservatives. Additionally, because producers must carefully manage distribution and storage to guarantee product freshness, shorter shelf life result in higher logistics costs. In order to combat this, developments in preservation techniques and packaging technologies, like as aseptic processing, are being investigated to increase shelf life without sacrificing flavour or nutritional value.

Opportunity:

Rising awareness about animal welfare

Plant-based substitutes are becoming more popular as consumers' concerns about the moral treatment of animals, especially in dairy farming, grow. People are looking for more humane alternatives as a result of the cruelty associated with the production of dairy products, which includes methods such as separating calves from their mothers and keeping dairy cows in cramped quarters. Plant-based drinks provide a cruelty-free option that fits well with the expanding ethical consumer movement. This change is especially noticeable among Gen Z and millennials, who are becoming more and more pro-sustainable practices and animal rights. The need for plant-based beverages is predicted to increase as knowledge grows, which would help the market's growth even more.

Threat:

Limited consumer awareness

Customers in some areas are still ignorant about the range and advantages of plant-based beverages, frequently connecting them mainly to specialized diets like veganism. Furthermore, there might be misunderstandings regarding their flavour or nutritional worth in comparison to more conventional dairy products. The broad acceptance of plant-based beverages may be hampered by this ignorance, particularly in areas where dairy consumption is highly prevalent. In order to break through this barrier and promote market expansion, manufacturers must fund educational initiatives, raise product awareness through traditional retail channels, and emphasize the advantages for the environment and human health.

Covid-19 Impact

The COVID-19 pandemic significantly impacted the plant-based beverages market. Heightened awareness of zoonotic diseases and a desire for healthier lifestyles spurred consumer interest in plant-based alternatives. Disruptions to traditional meat supply chains further boosted demand for plant-based options. This increased demand led to increased production and innovation within the plant-based beverage sector, driving market growth.

The dairy alternatives segment is expected to be the largest during the forecast period

The dairy alternatives segment is expected to account for the largest market share during the forecast period, due to increasing health consciousness, with an emphasis on reducing saturated fat and cholesterol intake, fuels consumer interest. Lactose intolerance and dairy allergies significantly contribute to the shift towards plant-based options. Moreover, ethical concerns surrounding animal welfare and the environmental impact of dairy farming are increasingly influencing consumer choices. 

The convenience stores segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the convenience stores segment is predicted to witness the highest growth rate. Their widespread accessibility, extended hours, and impulse-purchase nature make them ideal channels for consumers seeking quick and convenient options. The growing demand for on-the-go consumption, coupled with the increasing availability of plant-based alternatives, has significantly boosted sales within this retail segment. Moreover, strategic product placement, targeted promotions, and collaborations with plant-based brands further enhance the visibility and appeal of these beverages in convenience stores, driving market growth.

Region with largest share:

During the forecast period, Asia Pacific region is expected to hold the largest market share, due to Rising health consciousness among consumers, coupled with increasing lactose intolerance and a growing preference for vegan and vegetarian diets, are significantly fueling demand. Moreover, rapid urbanization and changing lifestyles are driving the adoption of convenient and on-the-go food and beverage options, including plant-based beverages. Additionally, the region's large and diverse population, coupled with increasing disposable incomes, presents significant growth opportunities for the plant-based beverage sector.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, owing to growing lactose intolerance rates, and a strong preference for vegan and vegetarian diets are fueling demand. Moreover, the region boasts a well-established market for plant-based products, with significant investments from both established food companies and emerging start-ups. This has led to a diverse range of innovative and high-quality plant-based beverages, further driving market growth.

Key players in the market

Some of the key players profiled in the Plant-Based Beverages Market include Alpro, Oatly Group AB, Blue Diamond Growers, The Hain Celestial Group, Pacific Foods, Ripple Foods, So Delicious Dairy Free, Califia Farms, Silk, Vitasoy International Holdings Limited, Health-Ade Kombucha, Suja Life, LLC, PepsiCo, Nestlé, and Good Karma Foods.

Key Developments:

In January 2025, Oatly Group AB largest oat drink brand has teamed up with Nespresso to create a limited-edition coffee made for oat drink lovers. Nespresso’s Oatly Barista Edition Coffee, with its rich and biscuity notes, is the perfect pairing with Oatly’s oat drink and made exclusively for Nespresso Vertuo coffee machines.

In January 2025, Nescafé is launching its first-ever liquid espresso concentrate in the US, the biggest coffee market in the world.1 With one out of every three cups of coffee consumed outside of the home being a cold coffee, Nescafé Espresso Concentrate allows consumers to make barista-style, personalized cold espresso beverages in the comfort of their home.

Product Types Covered:
• Plant-Based Juices
• Dairy Alternatives
• Ready-to-Drink (RTD) Beverages
• Plant-Based Protein Beverages
• Tea & Coffee Alternatives
• Other Product Types

Sources Covered:
• Soy
• Almond
• Oat
• Coconut
• Rice
• Other Sources

Types Covered:
• Plain
• Flavored

Packagings Covered:
• Cartons
• Glass Bottles
• Plastic Bottles
• Tetra Pak

Functions Covered:
• Sauce & Dressing
• Carbonated Soft Drink
• Cardiovascular Health
• Cancer Prevention
• Lactose Intolerant
• Bone Health

Distribution Channels Covered:
• Convenience Stores
• Online Retailers
• Supermarkets/Hypermarkets
• Specialty Stores

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 Product Analysis       
 3.7 Emerging Markets       
 3.8 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Plant-Based Beverages Market, By Product Type    
 5.1 Introduction       
 5.2 Plant-Based Juices       
 5.3 Dairy Alternatives       
 5.4 Ready-to-Drink (RTD) Beverages     
 5.5 Plant-Based Protein Beverages     
 5.6 Tea & Coffee Alternatives      
 5.7 Other Product Types      
          
6 Global Plant-Based Beverages Market, By Source     
 6.1 Introduction       
 6.2 Soy        
 6.3 Almond        
 6.4 Oat        
 6.5 Coconut        
 6.6 Rice        
 6.7 Other Sources       
          
7 Global Plant-Based Beverages Market, By Type     
 7.1 Introduction       
 7.2 Plain        
 7.3 Flavored        
          
8 Global Plant-Based Beverages Market, By Packaging    
 8.1 Introduction       
 8.2 Cartons        
 8.3 Glass Bottles       
 8.4 Plastic Bottles       
 8.5 Tetra Pak        
          
9 Global Plant-Based Beverages Market, By Function     
 9.1 Introduction       
 9.2 Sauce & Dressing       
 9.3 Carbonated Soft Drink      
 9.4 Cardiovascular Health      
 9.5 Cancer Prevention       
 9.6 Lactose Intolerant       
 9.7 Bone Health        
          
10 Global Plant-Based Beverages Market, By Distribution Channel   
 10.1 Introduction       
 10.2 Convenience Stores       
 10.3 Online Retailers       
 10.4 Supermarkets/Hypermarkets      
 10.5 Specialty Stores       
          
11 Global Plant-Based Beverages Market, By Geography    
 11.1 Introduction       
 11.2 North America       
  11.2.1 US       
  11.2.2 Canada       
  11.2.3 Mexico       
 11.3 Europe        
  11.3.1 Germany       
  11.3.2 UK       
  11.3.3 Italy       
  11.3.4 France       
  11.3.5 Spain       
  11.3.6 Rest of Europe      
 11.4 Asia Pacific       
  11.4.1 Japan       
  11.4.2 China       
  11.4.3 India       
  11.4.4 Australia       
  11.4.5 New Zealand      
  11.4.6 South Korea      
  11.4.7 Rest of Asia Pacific      
 11.5 South America       
  11.5.1 Argentina      
  11.5.2 Brazil       
  11.5.3 Chile       
  11.5.4 Rest of South America     
 11.6 Middle East & Africa      
  11.6.1 Saudi Arabia      
  11.6.2 UAE       
  11.6.3 Qatar       
  11.6.4 South Africa      
  11.6.5 Rest of Middle East & Africa     
          
12 Key Developments        
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 12.2 Acquisitions & Mergers      
 12.3 New Product Launch      
 12.4 Expansions       
 12.5 Other Key Strategies      
          
13 Company Profiling        
 13.1 Alpro        
 13.2 Oatly Group AB       
 13.3 Blue Diamond Growers       
 13.4 The Hain Celestial Group      
 13.5 Pacific Foods       
 13.6 Ripple Foods       
 13.7 So Delicious Dairy Free      
 13.8 Califia Farms       
 13.9 Silk        
 13.10 Vitasoy International Holdings Limited     
 13.11 Health-Ade Kombucha      
 13.12 Suja Life, LLC       
 13.13 PepsiCo        
 13.14 Nestlé        
 13.15 Good Karma Foods       
          
List of Tables         
1 Global Plant-Based Beverages Market Outlook, By Region (2022-2030) ($MN)  
2 Global Plant-Based Beverages Market Outlook, By Product Type (2022-2030) ($MN)  
3 Global Plant-Based Beverages Market Outlook, By Plant-Based Juices (2022-2030) ($MN) 
4 Global Plant-Based Beverages Market Outlook, By Dairy Alternatives (2022-2030) ($MN) 
5 Global Plant-Based Beverages Market Outlook, By Ready-to-Drink (RTD) Beverages (2022-2030) ($MN)
6 Global Plant-Based Beverages Market Outlook, By Plant-Based Protein Beverages (2022-2030) ($MN)
7 Global Plant-Based Beverages Market Outlook, By Tea & Coffee Alternatives (2022-2030) ($MN)
8 Global Plant-Based Beverages Market Outlook, By Other Product Types (2022-2030) ($MN) 
9 Global Plant-Based Beverages Market Outlook, By Source (2022-2030) ($MN)  
10 Global Plant-Based Beverages Market Outlook, By Soy (2022-2030) ($MN)  
11 Global Plant-Based Beverages Market Outlook, By Almond (2022-2030) ($MN)  
12 Global Plant-Based Beverages Market Outlook, By Oat (2022-2030) ($MN)  
13 Global Plant-Based Beverages Market Outlook, By Coconut (2022-2030) ($MN)  
14 Global Plant-Based Beverages Market Outlook, By Rice (2022-2030) ($MN)  
15 Global Plant-Based Beverages Market Outlook, By Other Sources (2022-2030) ($MN) 
16 Global Plant-Based Beverages Market Outlook, By Type (2022-2030) ($MN)  
17 Global Plant-Based Beverages Market Outlook, By Plain (2022-2030) ($MN)  
18 Global Plant-Based Beverages Market Outlook, By Flavored (2022-2030) ($MN)  
19 Global Plant-Based Beverages Market Outlook, By Packaging (2022-2030) ($MN)  
20 Global Plant-Based Beverages Market Outlook, By Cartons (2022-2030) ($MN)  
21 Global Plant-Based Beverages Market Outlook, By Glass Bottles (2022-2030) ($MN)  
22 Global Plant-Based Beverages Market Outlook, By Plastic Bottles (2022-2030) ($MN) 
23 Global Plant-Based Beverages Market Outlook, By Tetra Pak (2022-2030) ($MN)  
24 Global Plant-Based Beverages Market Outlook, By Function (2022-2030) ($MN)  
25 Global Plant-Based Beverages Market Outlook, By Sauce & Dressing (2022-2030) ($MN) 
26 Global Plant-Based Beverages Market Outlook, By Carbonated Soft Drink (2022-2030) ($MN) 
27 Global Plant-Based Beverages Market Outlook, By Cardiovascular Health (2022-2030) ($MN) 
28 Global Plant-Based Beverages Market Outlook, By Cancer Prevention (2022-2030) ($MN) 
29 Global Plant-Based Beverages Market Outlook, By Lactose Intolerant (2022-2030) ($MN) 
30 Global Plant-Based Beverages Market Outlook, By Bone Health  (2022-2030) ($MN)  
31 Global Plant-Based Beverages Market Outlook, By Distribution Channel (2022-2030) ($MN) 
32 Global Plant-Based Beverages Market Outlook, By Convenience Stores (2022-2030) ($MN) 
33 Global Plant-Based Beverages Market Outlook, By Online Retailers (2022-2030) ($MN) 
34 Global Plant-Based Beverages Market Outlook, By Supermarkets/Hypermarkets (2022-2030) ($MN)
35 Global Plant-Based Beverages Market Outlook, By Specialty Stores (2022-2030) ($MN) 
          
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials