Global Plant Based Beverages Market, By Source (Almond, Soy, Coconut, Rice, Cashew, Oats, Pea, Hemp)

Published Date: April 2019 | Report Code : FA1931910


Global Plant Based Beverages Market, 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, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & forecasting (2016-2028)

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Report Code : FA1931910

Status : Published April 2019

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.

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.

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

What This Study Provides:

  • Global market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Regional market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • National market and submarket forecast covering the period of 2016 to 2028, with accompanying analysis
  • Extensive details and analysis of contracts, projects, and program
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Analysis of game-changing technological trends and how these will shape the industry
  • Explanation or political, regulatory and technical factors to consider
  • Barriers to entry analysis for markets around the world
  • Profiles of leading companies operating within the sector with market share analysis
  • SWOT analysis of the market, together with the opportunities available and the key threats faced
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • Market conclusions & recommendations

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…

Years Considered In The Study


Historic Year

2016, 2017

Base Year


Forecast Period


CAGR %(2019-2028)



Key Questions Answered By This Report:

  • How is the plant based beverages market evolving?
  • What is driving and restraining plant based beverages dynamics?
  • How will each plant based beverages submarket segment grow over the forecast period and how much Sales will these submarkets account for in 2028?
  • How will market shares of each plant based beverages submarket develop from 2019-2028?
  • Which plant based beverages submarket will be the main driver of the overall market from 2019-2028?
  • How will political and regulatory factors influence regional plant based beverages markets and submarkets?
  • Will leading national plant based beverages broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
  • How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
  • Who are the leading players and what are their prospects over the forecast period?
  • How will the sector evolve as alliances form during the period between 2019 and 2028?

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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