Global Plant-Based Beverages Market by Source (Almond, Soy, Coconut, Rice), Mode of Type (Milk, and Other drinks) Function (Cardiovascular Health, Cancer Prevention, Lactose Intolerance, and Bone Health) Global Industry Trends, Shares, Competitive Analysis and Segment Forecasts, 2018 to 2025

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The plant-based beverages are made from plants based foods such as almond, soy, coconut, rice etc. Increasing concerns for health, increasing prevalence of obesity, diabetes, and cardiovascular diseases among consumers, have made consumers incline and appreciate plant-based beverages. Owing to these concerns the preferences for natural and healthy beverages are increasing across the globe. Plant-based beverages offer high nutritional value, vitamins, minerals, and healthy fat as compared to animal-derived alternatives. The demand for plant-based beverages is on the rise, owing to the use of hazardous chemicals in dairy-based products such as hormones and antibiotics. 

Globally increasing cases of lactose intolerance and milk allergies are the major key factors driving the growth of the market. For instance, approximately 65 % of the human population has a reduced capacity to digest lactose after infancy. Lactose intolerance in adulthood is most common in people of East Asian descent, affecting more than 90 % of adults in some of these communities. Lactose intolerance is also very common in people of Greek, West African, Arab, Jewish, and Italian descent. Consumer trends inclined toward replacing dairy milk with plant-based beverages, increasing number of product launches and investments by major players, nutritional benefits offered by plant-based dairy alternative beverages, growing consumer inclination toward veganism, rapidly growing beverage industry are key drivers to the growth of the market. Relatively high prices of plant-based beverages as compared to dairy milk can act as a restraint for plant-based beverages market. Plant-based milk products for coffee and tea, integration of value-added ingredients and flavor innovations in dairy alternative beverages, and favorable marketing and correct positioning of plant-based beverages are some of the key market opportunities for the plant-based beverages market. Lack of awareness among consumer may be a key challenge for plants-based beverages market.

Major Key players of plant-based beverages market include Whitewave Foods Company, Blue Diamond Growers, Pacific Foods of Oregon, The Hain Celestial Group, Sunopta, Califia Farms, Want Want China Holdings Limited, Kikkoman, The Coca-Cola Company, Ripple Foods, Wildwood Organic, and Pureharvest. Due to rising demand for plant-based beverages from emerging economies, major companies are launching new plant-based beverages products. For instance, Elmhurst Milked, LLC, a former dairy company discarded milk products and launched plant-based beverages, owing to the rising demand of plant based beverages.


Based on the source, the global plant-based beverages market has been segmented as follows:

• Almond

• Soy

• Coconut

• Rice

• Others (cashew, oats, pea, and hemp)

Based on mode of type, the global plant-based beverages market has been segmented as follows:

• Milk

• Other drinks (smoothies, shakes, and nogs)

Based on function, the global plant-based beverages market has been segmented as follows:

• Cardiovascular health

• Cancer prevention

• Bone health

• Lactose-free alternative

Based on region, the global plant-based beverages market has been segmented as follows:

• North America

o US

o Canada

• Europe

o Germany

o UK

o France

o Rest of the Europe

• Asia Pacific

o China

o India

o Japan

o Rest of Asia Pacific

• Latin America

o Brazil

o Rest of Latin America

• Middle East & Africa

o South Africa

o Rest of Middle East & Africa


1. Executive Summary

2. Global Plant-Based Beverages Market Overview

2.1. Market Segmentation & Scope

2.2. Product Introduction

2.3. Market Trends

2.3.1. Introduction

2.3.2. Drivers

2.3.2.1. Globally Increasing Cases of Lactose Intolerance and Milk Allergies

2.3.2.2. Consumer Trends Inclined Toward Replacing Dairy Milk with Plant-Based Beverages

2.3.2.3. Nutritional Benefits Offered By Plant-Based Dairy Alternative Beverages

2.3.2.4. Growing Consumer Inclination toward Veganism

2.3.2.5. Rapidly Growing Beverage Industry

2.3.3. Restraint

2.3.3.1. Relatively High Prices of Plant-Based Beverages as Compared to Dairy Milk

2.3.4. Opportunities

2.3.4.1. Favorable Marketing and Correct Positioning of Plant-Based Beverages

2.3.4.2. Plant-Based Milk Products for Coffee and Tea

2.3.4.3. Integration of Value-Added Ingredients and Flavor Innovations in Dairy Alternative Beverages

2.3.5. Challenges

2.3.5.1. Lack of Awareness Among Consumers

2.3.6. Substitutes Threat

2.3.7. Technology Progress in Related Industry

2.3.8. Consumer Preference Analysis

3. Global Plant-Based Beverages Market by Source

3.1. Plant-Based Beverages Market Source Analysis

3.2. Global Plant-Based Beverages Market Revenue (USD Million) by Source, 2015-2025

3.2.1. Almond Market Analysis

3.2.2. Soy Market Analysis

3.2.3. Coconut Market Analysis

3.2.4. Rice Market Analysis

3.2.5. Others Market Analysis

3.3. List of Manufacturers, By  Plant-Based Beverages Source

4. Global Plant-Based Beverages Market by Type

4.1. Plant-Based Beverages Market Type Analysis

4.2. Global Plant-Based Beverages Market Revenue (USD Million) by Type, 2015-2025

4.2.1. Milk Market Analysis

4.2.2. Other Drinks Market Analysis

4.3. List of Manufacturers, By  Plant-Based Beverages Type

5. Global Plant-Based Beverages Market by Function

5.1. Plant-Based Beverages Market  Function Analysis

5.2. Global Plant-Based Beverages Market Revenue (USD Million) by Function, 2015-2025

5.2.1. Cardiovascular Health Market Analysis

5.2.2. Cancer Prevention Market Analysis

5.2.3. Lactose Intolerant Market Analysis

5.2.4. Bone Health Market Analysis

5.3. List of Manufacturers, By Plant-Based Beverages Function

6. Global Plant-Based Beverages Market by Region

6.1. Plant-Based Beverages Market Regional Analysis

6.2. Global Plant-Based Beverages Market Revenue (USD Million) by Region, 2015-2025

6.3. Global Plant-Based Beverages Market (Revenue), 2015-2025

7. North America Plant-Based Beverages Market

7.1. North America Plant-Based Beverages Market Analysis

7.2. North America Plant-Based Beverages Market (Revenue), 2015-2025

7.3. North America Plant-Based Beverages by Country (Revenue), 2015-2025

7.3.1. U.S. Plant-Based Beverages Market (Revenue), 2015-2025

7.3.2. Canada Plant-Based Beverages Market (Revenue), 2015-2025

7.4. Potential Buyers In North America

8. Europe Plant-Based Beverages Market

8.1. Europe Plant-Based Beverages Market Analysis

8.2. Europe Plant-Based Beverages Market (Revenue), 2015-2025

8.3. Europe Plant-Based Beverages Market by Country (Revenue), 2015-2025

8.3.1. Germany Plant-Based Beverages Market (Revenue), 2015-2025

8.3.2. UK Plant-Based Beverages Market (Revenue), 2015-2025

8.3.3. France Plant-Based Beverages Market (Revenue), 2015-2025

8.3.4. Rest of Europe Plant-Based Beverages Market (Revenue), 2015-2025

8.4. Potential Buyers in Europe

9. Asia Pacific Plant-Based Beverages Market

9.1. Asia Pacific Plant-Based Beverages Market Analysis

9.2. Asia Pacific Plant-Based Beverages Market (Revenue), 2015-2025

9.3. Asia Pacific Plant-Based Beverages Market, by Country (Revenue), 2015-2025

9.3.1. China Plant-Based Beverages Market (Revenue), 2015-2025

9.3.2. Japan Plant-Based Beverages Market (Revenue), 2015-2025

9.3.3. India Plant-Based Beverages Market (Revenue), 2015-2025

9.3.4. Rest of Asia Pacific Plant-Based Beverages Market (Revenue), 2015-2025

9.4. Potential Buyers in Asia Pacific

10. Latin America Plant-Based Beverages Market

10.1. Latin America Plant-Based Beverages Market Analysis

10.2. Latin America Plant-Based Beverages Market (Revenue), 2015-2025

10.3. Latin America Plant-Based Beverages Market by Country, (Revenue), 2015-2025

10.3.1. Brazil Plant-Based Beverages Market (Revenue), 2015-2025

10.3.2. Rest of Latin America Plant-Based Beverages Market (Revenue), 2015-2025

10.4. Potential Buyers in Latin America

11. Middle East & Africa Plant-Based Beverages Market

11.1. Middle East & Africa Plant-Based Beverages Market Regional analysis

11.2. Middle East & Africa Plant-Based Beverages Market (Revenue)

11.2.1. Middle East & Africa Plant-Based Beverages Revenue by Country,  2015-2025

11.2.2. South Africa Plant-Based Beverages Market (Revenue), 2015-2025

11.2.3. Rest of Middle East & Africa Plant-Based Beverages Market (Revenue), 2015-2025

11.3. Potential Buyers in Middle East & Africa

12. Company Profile

12.1. The Whitewave Foods Company

12.1.1. Company Overview 

12.1.2. Financial Overview

12.1.3. Product Benchmarking

12.1.4. Key Developments

12.2. Blue Diamond Growers

12.2.1. Company Overview 

12.2.2. Financial Overview

12.2.3. Product Benchmarking

12.2.4. Key Developments

12.3. Pacific Foods of Oregon

12.3.1. Company Overview 

12.3.2. Financial Overview

12.3.3. Product Benchmarking

12.3.4. Key Developments

12.4. The Hain Celestial Group

12.4.1. Company Overview 

12.4.2. Financial Overview

12.4.3. Product Benchmarking

12.4.4. Key Developments

12.5. Sunopta

12.5.1. Company Overview 

12.5.2. Financial Overview

12.5.3. Product Benchmarking

12.5.4. Key Developments

12.6. Califia Farms

12.6.1. Company Overview 

12.6.2. Financial Overview

12.6.3. Product Benchmarking

12.6.4. Key Developments

12.7. Want Want China Holdings Limited

12.7.1. Company Overview 

12.7.2. Financial Overview

12.7.3. Product Benchmarking

12.7.4. Key Developments

12.8. Kikkoman

12.8.1. Company Overview 

12.8.2. Financial Overview

12.8.3. Product Benchmarking

12.8.4. Key Developments

12.9. The Coca Cola Company

12.9.1. Company Overview 

12.9.2. Financial Overview

12.9.3. Product Benchmarking

12.9.4. Key Developments

12.10. Ripple Foods

12.10.1. Company Overview 

12.10.2. Financial Overview

12.10.3. Product Benchmarking

12.10.4. Key Developments

13. Key Insights

14. Research Methodology