Global Plant-based Beverages Market- Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2026

Date : Mar 2020

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Report ID : 145

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Category : Food & Beverages

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Report Format:  PDF EXCEL PPT WORD

The global plant-based beverage market was valued at USD 12,141.5 million in 2018 and is expected to reach USD 23,583.2 million in 2026, growing at a CAGR 8.5% from 2019 to 2026.

The plant-based beverage is liquid drinks extracted from plants as an alternative beverage of animal-based products. These include all kind of animal-based counter products such as milk, yogurt, juices, and ice cream.

Plant-based Beverages Market Segmentation

By Source Organic
Conventional
 
By Application Dairy Alternatives
RTD Drinks
Plant-based Juices
 
By Sales Channel Supermarkets/Hypermarkets
Convenience Stores
Online Stores
Others
 
By Region North America (US and Canada)
Europe (UK, Germany, France and Rest of Europe)
Asia Pacific (China, Japan, India and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (GCC and Rest of Middle East & Africa)
 

 

Growing concern about health and wellness among consumers, the rapid increase in cases related to lactose intolerance and milk allergies, and growing consumer inclination toward veganism are the main growth drivers for the global plant-based beverage market. Moreover, changing the lifestyle of consumers across developed countries to replace animal-based products to plant-based and growing investment for the integration of value-added ingredients and flavor innovations are expected to create opportunities for the manufacturers in the global market. However, the high price for the plant-based products compared to animal-based products are expected to hamper the growth of the global plant-based beverage market. Furthermore, the lack of awareness among consumers for the nutritional values of the products is the main challenging factor, which expected to slow the growth of the global market in the developing countries during the forecast period.

Global Plant-based Beverages Market Size 2016-2026

plant-based beverage market

The dairy alternative segment dominated the market throughout the forecast period

Based on the application, the plant-based beverage market has been segmented into dairy alternatives, RTD drinks, and plant-based juices. The dairy alternatives of plant-based beverage accounted for approximately 58% of the share in the global plant-based beverage market in 2018. The growing consumer involvement towards non-dairy plant-based beverages owing to an increase in lactose intolerance and various food-allergies are expected to enhance the demand for dairy alternative products such as soy, almond, coconut, rice, oats, seed, and cashew. Moreover, the increase in investments from the manufacturers to provide the availability for the different flavors are expected to further fuel the demand for the product in the coming years.

The RTD drinks registered for the highest CAGR of around 13.4% in the global plant-based beverage market over the forecast period owing to an increase in demand for plant-based fruit and vegetable juices.

Based on the sales channel, the supermarkets /hypermarkets segment is expected to grow at a CAGR of around 12% in the upcoming years

Based on the sales channel, the market has been segmented into supermarkets /hypermarkets, convenience stores, online stores, and others. The supermarkets /hypermarkets type sales channel segment accounts for the largest share in the market and expected to grow at a CAGR of around 14.1% throughout the forecast period.

While the convenience stores segment expected to hold the CAGR of approximately 11% during the forecast period. The increase in the development and easy availability of fresh stocks across convenience stores in the developing countries is expected to increase its market share in terms of value in the global plant-based beverage market during the forecast period. However, the unorganized and presence of local unauthorized manufacturers are expected the hamper the growth of the sales from supermarkets /hypermarkets in the global market.

Based on the source, the organic segment is expected to dominate over the forecast period

Based on the source the market has been segmented into organic and conventional. The organic segment accounts of the largest share in the market and expected to register a CAGR of 9.24% during the period of 2019-2026. The growth of the organic segment depends on the increasing awareness of consumers in the developed countries for the organic food products and growing awareness for health and wellness.

Asia-Pacific to dominate the plant-based beverage market throughout the forecast period

Asia-Pacific accounted for nearly 48% share of the global plant-based beverage market in 2018 and is expected to dominate the market throughout the forecast period. The rapid growth in the urbanization and liberalization of foreign direct investment in the food sector are the major driving factor for the region in the global market. Moreover, the increasing awareness of milk benefits and the tag of the largest producer for the dairy alternative products propels its dominance in the global plant-based beverage market during the forecast period. China is accounted for the highest lactose intolerant population, which expected to further enhance the market share for the region in the global market.  However, it is expected that the high cost of the plant-based products is expected restraint the growth of the market in the developing countries owing to the presence of a price-sensitive population.  

North America is expected to hold the highest CAGR in the global market during the forecast period. Manufacturers are investing in North American countries to meet the growing demand for milk substitutes. The increasing demand for nutritional & healthy products and diversification in the region’s food sector is expected to enhance the market growth in the global plant-based beverage market during the forecast period.

Company Profiles and Competitive Intelligence:

The major players operating in the global plant-based beverage market are Coca-Cola Company (US), Hain Celestial Group (US), Fresh Del Monte Produce Inc. (US), Califia Farms (US), Keurig Dr. Pepper Inc. (US), SunOpta Inc. (Canada), Koia (US), Campbell Soup Company (US), Danone SA (France), and PepsiCo Inc. (US)

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TABLE OF CONTENT

Chapter 1 Executive Summary

1.1. Market Summary

1.1.1. Global Plant-based Beverage Market, 2016-2026, (USD Million)

1.2. Market Snapshot: Global Plant-based Beverage Market

1.3. Market Dynamics

1.4. Global Plant-based Beverage Market, by Segment, 2018

1.4.1. Global Plant-based Beverage Market, by Application, 2018, (USD Million)

1.4.2. Global Plant-based Beverage Market, by Source, 2018, (USD Million)

1.4.3. Global Plant-based Beverage Market, by Sales Channel, 2018, (USD Million)

1.4.4. Global Plant-based Beverage Market, by Region, 2018 (USD Million)

1.5. Premium Insights

1.5.1. Plant-based Beverage Market In Developed Vs. Developing Economies, 2018 vs 2026

1.5.2. Global Plant-based Beverage Market: Regional Life Cycle Analysis

Chapter 2 Market Dynamics

2.1. Market Overview

2.2. Market Drivers

2.2.1. Growing concern about health and wellness among consumers

2.2.2. The rapid increase in cases related to lactose intolerance and milk allergies

2.2.3. Growing consumer inclination toward veganism

2.3. Market Restraints

2.3.1. The high price for the plant-based products compared to animal-based products

2.3.2. The lack of awareness among consumers for the nutritional values of the products

2.4. Market Opportunities

2.4.1. Changing the lifestyle of consumers across developed countries

2.4.2. Growing investment for the integration of value-added ingredients and flavor innovations

2.5. Industry Value Chain Analysis

2.6. Pricing Analysis

2.7. Porter’s Five Forces Analysis

Chapter 3 Global Plant-based Beverage Market, by Application

3.1. Market Overview, by Application

3.1.1. Global Plant-based Beverage Market, by Application, 2016-2026 (USD Million)

3.1.2. Incremental Opportunity, by Application, 2018

3.2. Dairy Alternatives

3.2.1. Global Plant-based Beverage Market, by Dairy Alternatives, 2016-2026, (USD Million)

3.3. RTD Drinks

3.3.1. Global Plant-based Beverage Market, by RTD Drinks, 2016-2026, (USD Million)

3.4. Plant-based Juices

3.4.1. Global Plant-based Beverage Market, by Plant-based Juices, 2016-2026, (USD Million)

Chapter 4 Global Plant-based Beverage Market, by Source

4.1. Market Overview, by Source

4.1.1. Global Plant-based Beverage Market, by Source, 2016-2026 (USD Million)

4.1.2. Incremental Opportunity, by Source, 2018

4.2. Organic

4.2.1. Global Plant-based Beverage Market, by Organic, 2016-2026, (USD Million)

4.3. Conventional

4.3.1. Global Plant-based Beverage Market, by Conventional, 2016-2026, (USD Million)

Chapter 5 Global Plant-based Beverage Market, by Sales Channel

5.1. Market Overview, by Sales Channel

5.1.1. Global Plant-based Beverage Market, by Sales Channel, 2016-2026 (USD Million)

5.1.2. Incremental Opportunity, by Sales Channel, 2018

5.2. Supermarkets /Hypermarkets

5.2.1. Global Plant-based Beverage Market, by Supermarkets /Hypermarkets, 2016-2026, (USD Million)

5.3. Convenience Stores

5.3.1. Global Plant-based Beverage Market, by Convenience Stores, 2016-2026, (USD Million)

5.4. Online Stores

5.4.1. Global Plant-based Beverage Market, by Online Stores, 2016-2026, (USD Million)

5.5. Others

5.5.1. Global Plant-based Beverage Market, by Others, 2016-2026, (USD Million)

 

 

Chapter 6 Global Plant-based Beverage Market, by Region

6.1. Market Overview, by Region

6.1.1. Global Plant-based Beverage Market, by Region, 2016-2026, (USD Million)

6.2. Attractive Investment Opportunity, by Region, 2018

6.3. North America Plant-based Beverage Market

6.3.1. North America Plant-based Beverage Market, by Application, 2016-2026 (USD Million)

6.3.2. North America Plant-based Beverage Market, by Source, 2016-2026 (USD Million)

6.3.3. North America Plant-based Beverage Market, by Sales Channel, 2016-2026 (USD Million)

6.3.4. United States Plant-based Beverage Market, 2016-2026 (USD Million)

6.3.5. Canada Plant-based Beverage Market, 2016-2026 (USD Million)

6.4. Europe Plant-based Beverage Market

6.4.1. Europe Plant-based Beverage Market, by Application, 2016-2026 (USD Million)

6.4.2. Europe Plant-based Beverage Market, by Source, 2016-2026 (USD Million)

6.4.3. Europe Plant-based Beverage Market, by Sales Channel, 2016-2026 (USD Million)

6.4.4. United Kingdom Plant-based Beverage Market, 2016-2026 (USD Million)

6.4.5. Germany Plant-based Beverage Market, 2016-2026 (USD Million)

6.4.6. France Plant-based Beverage Market, 2016-2026 (USD Million)

6.4.7. Rest of Europe Plant-based Beverage Market, 2016-2026 (USD Million)

6.5. Asia Pacific Plant-based Beverage Market

6.5.1. Asia Pacific Plant-based Beverage Market, by Application, 2016-2026 (USD Million)

6.5.2. Asia Pacific Plant-based Beverage Market, by Source, 2016-2026 (USD Million)

6.5.3. Asia Pacific Plant-based Beverage Market, by Sales Channel, 2016-2026 (USD Million)

6.5.4. China Plant-based Beverage Market, 2016-2026 (USD Million)

6.5.5. Japan Plant-based Beverage Market, 2016-2026 (USD Million)

6.5.6. India Plant-based Beverage Market, 2016-2026 (USD Million)

6.5.7. Rest of Asia Pacific Plant-based Beverage Market, 2016-2026 (USD Million)

6.6. Latin America Plant-based Beverage Market

6.6.1. Latin America Plant-based Beverage Market, by Application, 2016-2026 (USD Million)

6.6.2. Latin America Plant-based Beverage Market, by Source, 2016-2026 (USD Million)

6.6.3. Latin America Plant-based Beverage Market, by Sales Channel, 2016-2026 (USD Million)

6.6.4. Brazil Plant-based Beverage Market, 2016-2026 (USD Million)

6.6.5. Mexico Plant-based Beverage Market, 2016-2026 (USD Million)

6.6.6. Rest of Latin America Plant-based Beverage Market, 2016-2026 (USD Million)

6.7. Middle East & Africa Plant-based Beverage Market

6.7.1. Middle East & Africa Plant-based Beverage Market, by Application, 2016-2026 (USD Million)

6.7.2. Middle East & Africa Plant-based Beverage Market, by Source, 2016-2026 (USD Million)

6.7.3. Middle East & Africa Plant-based Beverage Market, by Sales Channel, 2016-2026 (USD Million)

6.7.4. GCC Plant-based Beverage Market, 2016-2026 (USD Million)

6.7.5. Rest of Middle East & Africa Plant-based Beverage Market, 2016-2026 (USD Million)

Chapter 7 Competitive Intelligence

7.1. Top 5 Players Comparison

7.2. Market Positioning of Key Players, 2018

7.3. Market Players Mapping

7.3.1. By Application

7.3.2. By Source

7.3.3. By Sales Channel

7.3.4. By Region

7.4. Strategies Adopted by Key Market Players

7.5. Recent Developments in the Market

7.5.1. Mergers & Acquisitions, Partnership, New Product Developments

Chapter 8 Company Profiles

8.1. Coca-Cola Company

8.1.1. Coca-Cola Company Overview

8.1.2. Coca-Cola Company Products Portfolio

8.1.3. Coca-Cola Company Financial Overview

8.1.4. Coca-Cola Company News/Recent Developments

8.2. Hain Celestial Group

8.2.1. Hain Celestial Group Overview

8.2.2. Hain Celestial Group Products Portfolio

8.2.3. Hain Celestial Group Financial Overview

8.2.4. Hain Celestial Group News/Recent Developments

8.3. Fresh Del Monte Produce Inc.

8.3.1. Fresh Del Monte Produce Inc. Overview

8.3.2. Fresh Del Monte Produce Inc. Products Portfolio

8.3.3. Fresh Del Monte Produce Inc. Financial Overview

8.3.4. Fresh Del Monte Produce Inc. News/Recent Developments

8.4. Califia Farms

8.4.1. Califia Farms Overview

8.4.2. Califia Farms Products Portfolio

8.4.3. Califia Farms Financial Overview

8.4.4. Califia Farms News/Recent Developments

8.5. Keurig Dr. Pepper Inc.

8.5.1. Keurig Dr. Pepper Inc. Overview

8.5.2. Keurig Dr. Pepper Inc. Products Portfolio

8.5.3. Keurig Dr. Pepper Inc. Financial Overview

8.5.4. Keurig Dr. Pepper Inc. News/Recent Developments

8.6. SunOpta Inc.

8.6.1. SunOpta Inc. Overview

8.6.2. SunOpta Inc. Products Portfolio

8.6.3. SunOpta Inc. Financial Overview

8.6.4. SunOpta Inc. News/Recent Developments

8.7. Campbell Soup Company

8.7.1. Campbell Soup Company Overview

8.7.2. Campbell Soup Company Products Portfolio

8.7.3. Campbell Soup Company Financial Overview

8.7.4. Campbell Soup Company News/Recent Developments

8.8. Danone SA

8.8.1. Danone SA Overview

8.8.2. Danone SA Products Portfolio

8.8.3. Danone SA Financial Overview

8.8.4. Danone SA News/Recent Developments

8.9. PepsiCo Inc.

8.9.1. PepsiCo Inc. Overview

8.9.2. PepsiCo Inc. Products Portfolio

8.9.3. PepsiCo Inc. Financial Overview

8.9.4. PepsiCo Inc. News/Recent Developments

8.10. Koia

8.10.1. Koia Overview

8.10.2. Koia Products Portfolio

8.10.3. Koia Financial Overview

8.10.4. Koia News/Recent Developments

Chapter 9 Preface

9.1. Data Triangulation

9.2. Research Methodology

9.2.1. Phase I – Secondary Research

9.2.2. Phase II – Primary Research

9.2.3. Phase III – Expert Panel Review

9.2.4. Approach Adopted

9.2.4.1. Top-Down Approach

9.2.4.2. Bottom-Up Approach

9.2.5. Supply- Demand side

9.2.6. Breakup of the Primary Profiles


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