Plant-Based Beverages Market By Share, Size & Forecast 2028

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD26.20 Billion
CAGR (2023-2028)	9.10%
Fastest Growing Segment	Online
Largest Market	Asia Pacific

Global Plant-Based Beverages Market is anticipated to grow during the forecast period due to the increasing product launches by the companies and rising popularity of plant-based milk and smoothies, owing to their various health benefits.

Beverages derived from plants based raw materials are known as plant-based beverages and some of the major ingredients used to make plant-based beverages are soy, rice, almonds, oats, cashews, and coconut. Plant material, such as seeds or grains, is extracted in water to produce plant-based beverages and these materials are frequently used as dairy product substitutes such as fortified foods, synthetic vitamins, and minerals are frequently added.

Growing demand for plant-based beverages is rising rapidly due to the significant expansion of the plant-based health trend. Across the globe, millions of people are substituting plant-based products for animal-based products for meals, snacks, drinks, and treats. Owing to this factor, the sales of plant-based beverages has significantly increased, and it is expected to further increase during the forecast period.

The shift in consumer preferences from animal-based to vegan products is driving the growth of the plant-based beverage industry. The main factors influencing this gradual change to a plant-based diet include ecological concerns, health awareness, ethical or religious beliefs, and awareness of environmental issues and animal rights. Therefore, the demand for plant-based products is increasing.

Furthermore, the rising awareness for vegan products is also propelling with numerous events related to veganism. For instance, every year on November 1st, vegans all around the world celebrate World Vegan Day. Activities like setting up stalls, hosting potlucks, and planting memorial trees are done to celebrate the benefits of veganism for humans, animals, and the environment. Moreover, celebrities are also shifting to vegan diets, and are promoting veganism through various campaigns on social media which further fuels the global plant-based beverages market during the forecast period.

Companies’ Investments to Fuel the Market Growth

Companies are investing and taking initiatives to enhance their products’ quality and satisfying the requirements of the consumers. For instance, in 2022, Danone North America planned to modify the formulations of more than 70% of its plant-based drinks in order to enhance the nutrient density across its offering because the company aims the nutritional composition of plant-based beverages to be as similar to that of dairy products as possible. The company invested USD22 million in various projects to promote health and wellbeing.

Similarly in 2022, Ecotone, which deals in organic and plant-based alternatives in France and Europe, announced a USD 21.4 million investment in order to expand its plant-based beverage manufacturing facility in Badia Polesine, Northern Italy. With the creation of a new production line and investment in its Italian facility, the company produces an additional 27 million liters of plant-based drinks annually, or a 30% increase in production capacity. Therefore, the rising investments by the companies in their existing product portfolio and production facilities fuel the market for plant-based beverages globally during the forecast period.

Acquisitions & Mergers to Aid Market Expansion

Companies are adopting various marketing strategies like mergers & acquisitions in order to increase their manufacturing capacity, which are driving the global plant-based beverages market during the forecast period. For instance, in 2022, Fazer Group acquired Swedish plant-based beverages producer Trensums Food from Profuragruppen. The acquisition gave Fazer a platform for future growth and access to new non-dairy markets by increasing the company's capacity to produce plant-based oat drinks. Additionally, in 2022, Nestle Health Science, a division of Nestle SA, acquired the majority stake in Orgain, which is a plant-based nutrition company which produces and sells plant-based products such as powders, ready-to-drink beverages, and nutrition bars. Therefore, various acquisitions & mergers among the companies, in order to have a competitive edge in the market, are driving the global plant-based beverages market.

Increasing Product Launches to Boost Market Growth

In order to attract consumers and to enhance the quality of products, companies are launching new products in the market. For instance, in 2022, Nestlé launched a new plant-based drink for toddlers, "Little Steps Plantygrow Plant-based Growing Up Drink", under its SMA nutrition range. The plant-based drink contains the vitamins A, D, C, B2 and B12, as well as iron, and has been enriched with iodine and omega-3 and omega-6. The beverage is not a substitute for breast milk but rather a nutritious supplement that can be used by toddlers between the ages of 1 and 3 as a part of a varied and balanced diet. Furthermore, in 2021, Plant Veda, a Canada-based dairy-alternative company, launched a new line of vegan lassi which is an Indian yogurt drink made with cashews, gluten-free oats, blending comforting herbs and spices such as saffron & cardamom. This nutritious probiotic drinkable yoghurt beverage has a blend of 1 billion probiotics, which support digestive health. As a result, increasing launches of nutritious plant-based beverages by the companies to meet customer demand boosts the global plant-based beverages market.

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Market Segmentation

The global plant-based beverages market is segmented into source, product type, flavor, distribution channel, and region. Based on source, the market is segmented into fruits, soy, rice, nuts, and others. Based on the product type, the market is segmented into RTD tea & coffee, juices & flavored drinks, milk, functional/energy drinks, and others. Based on the flavor, the market is segmented into unflavored and added natural flavors. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online, and non-retail. The market analysis also studies regional segmentation to devise regional market segmentation.

Company Profile

Danone S.A., Blue Diamond Growers, The Hain Celestial Group, Inc., Noumi Limited, SunOpta, Inc., Califia Farms, LLC, Harmless Harvest, Inc., Campbell Soup Company (Pacific Foods), Panos Brands, LLC (Better Than Milk), and Archer Daniels Midland Company, etc. are the major market players in the global platform that lead the market of the plant-based beverages market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Source Product Type Flavor Distribution Channel Region
Regional Scope	North America, Europe, Asia-Pacific, Middle East & Africa, and South America
Country Scope	United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, China, India, Japan, South Korea, Australia, Saudi Arabia, UAE, South Africa, Turkey, Brazil, Argentina, Colombia
Key Companies Profiled	Danone S.A., Blue Diamond Growers, The Hain Celestial Group, Inc., Noumi Limited, SunOpta, Inc., Califia Farms, LLC, Harmless Harvest, Inc., Campbell Soup Company (Pacific Foods), Panos Brands, LLC (Better Than Milk), and Archer Daniels Midland Company, etc.
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global plant-based beverages market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

· Plant-Based Beverages Market, By Source:

Fruits
Soy
Rice
Nuts
Others

· Plant-Based Beverages Market, By Product Type:

RTD Tea & Coffee
Juices & Flavored Drinks
Milk
Functional/Energy Drinks
Others

· Plant-Based Beverages Market, By Flavor:

Unflavored
Added Natural Flavors

· Plant-Based Beverages Market, By Distribution Channel:

Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online
Non-Retail

· Plant-Based Beverages Market, By Region:

· North America

§ United States

§ Canada

§ Mexico

· Europe

§ Germany

§ France

§ United Kingdom

§ Italy

§ Spain

· Asia-Pacific

§ China

§ India

§ Japan

§ South Korea

§ Australia

· Middle East & Africa

§ Saudi Arabia

§ UAE

§ South Africa

§ Turkey

· South America

§ Brazil

§ Argentina

§ Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global plant-based beverages market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Plant-Based Beverages Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination

4.2. Respondent Demographics

4.2.1. By Gender

4.2.2. By Age

4.2.3. By Occupation

4.3. Brand Awareness

4.4. Factors Influencing Purchase Decision

4.5. Challenges Faced After Purchase

5. Global Plant-Based Beverages Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Source Market Share Analysis (Fruits, Soy, Rice, Nuts, Others)

5.2.2. By Product Type Market Share Analysis (RTD Tea & Coffee, Juices & Flavored Drinks, Milk, Functional/Energy Drinks, Others)

5.2.3. By Flavor Market Share Analysis (Unflavored, Added Natural Flavors)

5.2.4. By Distribution Channel Market Share Analysis (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online, and Non-Retail)

5.2.5. By Regional Market Share Analysis

5.2.5.1. North America Market Share Analysis

5.2.5.2. Europe Market Share Analysis

5.2.5.3. Asia-Pacific Market Share Analysis

5.2.5.4. Middle East & Africa Market Share Analysis

5.2.5.5. South America Market Share Analysis

5.2.6. By Company Market Share Analysis

5.3. Global Plant-Based Beverages Mapping & Opportunity Assessment

5.3.1. By Source Market Mapping & Opportunity Assessment

5.3.2. By Product Type Market Mapping & Opportunity Assessment

5.3.3. By Flavor Market Mapping & Opportunity Assessment

5.3.4. By Distribution Channel Market Mapping & Opportunity Assessment

5.3.5. By Regional Market Mapping & Opportunity Assessment

6. North America Plant-Based Beverages Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Source Market Share Analysis

6.2.2. By Product Type Market Share Analysis

6.2.3. By Flavor Market Share Analysis

6.2.4. By Distribution Channel Market Share Analysis

6.2.5. By Country Market Share Analysis

6.2.5.1. United States Plant-Based Beverages Market Outlook

6.2.5.1.1. Market Size & Forecast

6.2.5.1.1.1. By Value

6.2.5.1.2. Market Share & Forecast

6.2.5.1.2.1. By Source Market Share Analysis

6.2.5.1.2.2. By Product Type Market Share Analysis

6.2.5.1.2.3. By Flavor Market Share Analysis

6.2.5.1.2.4. By Distribution Channel Market Share Analysis

6.2.5.2. Canada Plant-Based Beverages Market Outlook

6.2.5.2.1. Market Size & Forecast

6.2.5.2.1.1. By Value

6.2.5.2.2. Market Share & Forecast

6.2.5.2.2.1. By Source Market Share Analysis

6.2.5.2.2.2. By Product Type Market Share Analysis

6.2.5.2.2.3. By Flavor Market Share Analysis

6.2.5.2.2.4. By Distribution Channel Market Share Analysis

6.2.5.3. Mexico Plant-Based Beverages Market Outlook

6.2.5.3.1. Market Size & Forecast

6.2.5.3.1.1. By Value

6.2.5.3.2. Market Share & Forecast

6.2.5.3.2.1. By Source Market Share Analysis

6.2.5.3.2.2. By Product Type Market Share Analysis

6.2.5.3.2.3. By Flavor Market Share Analysis

6.2.5.3.2.4. By Distribution Channel Market Share Analysis

7. Europe Plant-Based Beverages Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Source Market Share Analysis

7.2.2. By Product Type Market Share Analysis

7.2.3. By Flavor Market Share Analysis

7.2.4. By Distribution Channel Market Share Analysis

7.2.5. By Country Market Share Analysis

7.2.5.1. Germany Plant-Based Beverages Market Outlook

7.2.5.1.1. Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.2. Market Share & Forecast

7.2.5.1.2.1. By Source Market Share Analysis

7.2.5.1.2.2. By Product Type Market Share Analysis

7.2.5.1.2.3. By Flavor Market Share Analysis

7.2.5.1.2.4. By Distribution Channel Market Share Analysis

7.2.5.2. France Plant-Based Beverages Market Outlook

7.2.5.2.1. Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.2. Market Share & Forecast

7.2.5.2.2.1. By Source Market Share Analysis

7.2.5.2.2.2. By Product Type Market Share Analysis

7.2.5.2.2.3. By Flavor Market Share Analysis

7.2.5.2.2.4. By Distribution Channel Market Share Analysis

7.2.5.3. United Kingdom Plant-Based Beverages Market Outlook

7.2.5.3.1. Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.2. Market Share & Forecast

7.2.5.3.2.1. By Source Market Share Analysis

7.2.5.3.2.2. By Product Type Market Share Analysis

7.2.5.3.2.3. By Flavor Market Share Analysis

7.2.5.3.2.4. By Distribution Channel Market Share Analysis

7.2.5.4. Italy Plant-Based Beverages Market Outlook

7.2.5.4.1. Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.2. Market Share & Forecast

7.2.5.4.2.1. By Source Market Share Analysis

7.2.5.4.2.2. By Product Type Market Share Analysis

7.2.5.4.2.3. By Flavor Market Share Analysis

7.2.5.4.2.4. By Distribution Channel Market Share Analysis

7.2.5.5. Spain Plant-Based Beverages Market Outlook

7.2.5.5.1. Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.2. Market Share & Forecast

7.2.5.5.2.1. By Source Market Share Analysis

7.2.5.5.2.2. By Product Type Market Share Analysis

7.2.5.5.2.3. By Flavor Market Share Analysis

7.2.5.5.2.4. By Distribution Channel Market Share Analysis

8. Asia-Pacific Plant-Based Beverages Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Source Market Share Analysis

8.2.2. By Product Type Market Share Analysis

8.2.3. By Flavor Market Share Analysis

8.2.4. By Distribution Channel Market Share Analysis

8.2.5. By Country Market Share Analysis

8.2.5.1. China Plant-Based Beverages Market Outlook

8.2.5.1.1. Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.2. Market Share & Forecast

8.2.5.1.2.1. By Source Market Share Analysis

8.2.5.1.2.2. By Product Type Market Share Analysis

8.2.5.1.2.3. By Flavor Market Share Analysis

8.2.5.1.2.4. By Distribution Channel Market Share Analysis

8.2.5.2. India Plant-Based Beverages Market Outlook

8.2.5.2.1. Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.2. Market Share & Forecast

8.2.5.2.2.1. By Source Market Share Analysis

8.2.5.2.2.2. By Product Type Market Share Analysis

8.2.5.2.2.3. By Flavor Market Share Analysis

8.2.5.2.2.4. By Distribution Channel Market Share Analysis

8.2.5.3. Japan Plant-Based Beverages Market Outlook

8.2.5.3.1. Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.2. Market Share & Forecast

8.2.5.3.2.1. By Source Market Share Analysis

8.2.5.3.2.2. By Product Type Market Share Analysis

8.2.5.3.2.3. By Flavor Market Share Analysis

8.2.5.3.2.4. By Distribution Channel Market Share Analysis

8.2.5.4. South Korea Plant-Based Beverages Market Outlook

8.2.5.4.1. Market Size & Forecast

8.2.5.4.1.1. By Value

8.2.5.4.2. Market Share & Forecast

8.2.5.4.2.1. By Source Market Share Analysis

8.2.5.4.2.2. By Product Type Market Share Analysis

8.2.5.4.2.3. By Flavor Market Share Analysis

8.2.5.4.2.4. By Distribution Channel Market Share Analysis

8.2.5.5. Australia Plant-Based Beverages Market Outlook

8.2.5.5.1. Market Size & Forecast

8.2.5.5.1.1. By Value

8.2.5.5.2. Market Share & Forecast

8.2.5.5.2.1. By Source Market Share Analysis

8.2.5.5.2.2. By Product Type Market Share Analysis

8.2.5.5.2.3. By Flavor Market Share Analysis

8.2.5.5.2.4. By Distribution Channel Market Share Analysis

9. Middle East & Africa Plant-Based Beverages Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Source Market Share Analysis

9.2.2. By Product Type Market Share Analysis

9.2.3. By Flavor Market Share Analysis

9.2.4. By Distribution Channel Market Share Analysis

9.2.5. By Country Market Share Analysis

9.2.5.1. Saudi Arabia Plant-Based Beverages Market Outlook

9.2.5.1.1. Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.2. Market Share & Forecast

9.2.5.1.2.1. By Source Market Share Analysis

9.2.5.1.2.2. By Product Type Market Share Analysis

9.2.5.1.2.3. By Flavor Market Share Analysis

9.2.5.1.2.4. By Distribution Channel Market Share Analysis

9.2.5.2. UAE Plant-Based Beverages Market Outlook

9.2.5.2.1. Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.2. Market Share & Forecast

9.2.5.2.2.1. By Source Market Share Analysis

9.2.5.2.2.2. By Product Type Market Share Analysis

9.2.5.2.2.3. By Flavor Market Share Analysis

9.2.5.2.2.4. By Distribution Channel Market Share Analysis

9.2.5.3. South Africa Plant-Based Beverages Market Outlook

9.2.5.3.1. Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.2. Market Share & Forecast

9.2.5.3.2.1. By Source Market Share Analysis

9.2.5.3.2.2. By Product Type Market Share Analysis

9.2.5.3.2.3. By Flavor Market Share Analysis

9.2.5.3.2.4. By Distribution Channel Market Share Analysis

9.2.5.4. Turkey Plant-Based Beverages Market Outlook

9.2.5.4.1. Market Size & Forecast

9.2.5.4.1.1. By Value

9.2.5.4.2. Market Share & Forecast

9.2.5.4.2.1. By Source Market Share Analysis

9.2.5.4.2.2. By Product Type Market Share Analysis

9.2.5.4.2.3. By Flavor Market Share Analysis

9.2.5.4.2.4. By Distribution Channel Market Share Analysis

10. South America Plant-Based Beverages Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Source Market Share Analysis

10.2.2. By Product Type Market Share Analysis

10.2.3. By Flavor Market Share Analysis

10.2.4. By Distribution Channel Market Share Analysis

10.2.5. By Country Market Share Analysis

10.2.5.1. Brazil Plant-Based Beverages Market Outlook

10.2.5.1.1. Market Size & Forecast

10.2.5.1.1.1. By Value

10.2.5.1.2. Market Share & Forecast

10.2.5.1.2.1. By Source Market Share Analysis

10.2.5.1.2.2. By Product Type Market Share Analysis

10.2.5.1.2.3. By Flavor Market Share Analysis

10.2.5.1.2.4. By Distribution Channel Market Share Analysis

10.2.5.2. Colombia Plant-Based Beverages Market Outlook

10.2.5.2.1. Market Size & Forecast

10.2.5.2.1.1. By Value

10.2.5.2.2. Market Share & Forecast

10.2.5.2.2.1. By Source Market Share Analysis

10.2.5.2.2.2. By Product Type Market Share Analysis

10.2.5.2.2.3. By Flavor Market Share Analysis

10.2.5.2.2.4. By Distribution Channel Market Share Analysis

10.2.5.3. Argentina Plant-Based Beverages Market Outlook

10.2.5.3.1. Market Size & Forecast

10.2.5.3.1.1. By Value

10.2.5.3.2. Market Share & Forecast

10.2.5.3.2.1. By Source Market Share Analysis

10.2.5.3.2.2. By Product Type Market Share Analysis

10.2.5.3.2.3. By Flavor Market Share Analysis

10.2.5.3.2.4. By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.1.1. Rising concerns of animal cruelty

11.1.2. Growing investments by companies

11.1.3. Increasing product launches

11.2. Challenges

11.2.1. Fluctuations in raw material prices

11.2.2. High price

12. Impact of COVID-19 on the Global Plant-Based Beverages Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

12.1.4. Key Distribution Channel Impacted

13. Market Trends & Developments

13.1. Growing lactose intolerant population

13.2. Introduction of new flavors

13.3. Increasing trend of veganism

13.4. Rising health consciousness consumer

13.5. Celebrity endorsements

14. Porter’s Five Forces Model

14.1. Competitive Rivalry

14.2. Bargaining Power of Buyers

14.3. Bargaining Power of Suppliers

14.4. Threat of New Entrants

14.5. Threat of Substitutes

15. SWOT Analysis

15.1. Strengths

15.2. Weaknesses

15.3. Opportunities

15.4. Threats

16. Competitive Landscape

16.1. Company Profiles

16.1.1. Danone S.A.

16.1.1.1. Company Details

16.1.1.2. Product & Services

16.1.1.3. Financials (As Per Availability)

16.1.1.4. Key Market Focus & Geographical Presence

16.1.1.5. Recent Developments

16.1.1.6. Key Management Personnel

16.1.2. Blue Diamond Growers

16.1.2.1. Company Details

16.1.2.2. Product & Services

16.1.2.3. Financials (As Per Availability)

16.1.2.4. Key Market Focus & Geographical Presence

16.1.2.5. Recent Developments

16.1.2.6. Key Management Personnel

16.1.3. The Hain Celestial Group, Inc.

16.1.3.1. Company Details

16.1.3.2. Product & Services

16.1.3.3. Financials (As Per Availability)

16.1.3.4. Key Market Focus & Geographical Presence

16.1.3.5. Recent Developments

16.1.3.6. Key Management Personnel

16.1.4. Noumi Limited

16.1.4.1. Company Details

16.1.4.2. Product & Services

16.1.4.3. Financials (As Per Availability)

16.1.4.4. Key Market Focus & Geographical Presence

16.1.4.5. Recent Developments

16.1.4.6. Key Management Personnel

16.1.5. SunOpta, Inc.

16.1.5.1. Company Details

16.1.5.2. Product & Services

16.1.5.3. Financials (As Per Availability)

16.1.5.4. Key Market Focus & Geographical Presence

16.1.5.5. Recent Developments

16.1.5.6. Key Management Personnel

16.1.6. Califia Farms, LLC

16.1.6.1. Company Details

16.1.6.2. Product & Services

16.1.6.3. Financials (As Per Availability)

16.1.6.4. Key Market Focus & Geographical Presence

16.1.6.5. Recent Developments

16.1.6.6. Key Management Personnel

16.1.7. Harmless Harvest, Inc.

16.1.7.1. Company Details

16.1.7.2. Product & Services

16.1.7.3. Financials (As Per Availability)

16.1.7.4. Key Market Focus & Geographical Presence

16.1.7.5. Recent Developments

16.1.7.6. Key Management Personnel

16.1.8. Campbell Soup Company (Pacific Foods)

16.1.8.1. Company Details

16.1.8.2. Product & Services

16.1.8.3. Financials (As Per Availability)

16.1.8.4. Key Market Focus & Geographical Presence

16.1.8.5. Recent Developments

16.1.8.6. Key Management Personnel

16.1.9. Panos Brands, LLC (Better Than Milk)

16.1.9.1. Company Details

16.1.9.2. Product & Services

16.1.9.3. Financials (As Per Availability)

16.1.9.4. Key Market Focus & Geographical Presence

16.1.9.5. Recent Developments

16.1.9.6. Key Management Personnel

16.1.10. Archer Daniels Midland Company

16.1.10.1. Company Details

16.1.10.2. Product & Services

16.1.10.3. Financials (As Per Availability)

16.1.10.4. Key Market Focus & Geographical Presence

16.1.10.5. Recent Developments

16.1.10.6. Key Management Personnel

17. Strategic Recommendations/Action Plan

17.1. Key Focus Areas

17.2. Target Regions & Countries

17.3. Target Product Type

17.4. Target Distribution Channel

18. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What is plant-based beverages?

Plant-based beverages are produced by extracting plant substance, such as seeds or grain. They are often used in place of dairy milk products.

What are the most popular plant-based beverages?

Some of the most popular plant-based beverages are soymilk, coconut milk, fruit juices, smoothies, almond milk, etc. They are considered healthier because they contain numerous vitamins and minerals. They don't contain lactose and have low fat and cholesterol content.

What are the factors driving the global plant-based beverages market?

Rising the trend of veganism among the younger population, increasing consumer awareness regarding health benefits of vegan diets, and harmful effects of consuming animal-based products are the factors driving the global plant-based beverages market.

Who are the key players in the plant-based beverages market?

Danone S.A., Blue Diamond Growers, The Hain Celestial Group, Inc., Noumi Limited, SunOpta, Inc., Califia Farms, LLC, Harmless Harvest, Inc., Campbell Soup Company (Pacific Foods), Panos Brands, LLC (Better Than Milk), and Archer Daniels Midland Company, etc. are the key market players in the global plant-based beverages market.

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Global Plant-Based Beverages Market to be Fueled by Milk Segment During the Forecast Period

Apr, 2023

The key factors driving the plant-based beverages market are shifting consumer preferences towards vegan diets, rising investments by companies, and increasing health concerns about the consumption o

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