The Asia Pacific Plant-based Beverages Market would witness market growth of 11.3% CAGR during the forecast period (2022-2028).
Plant-based or non-dairy milk alternatives are the fastest-growing segment of functional and specialty beverage product development. Currently, lactose intolerance, cow milk allergy, calorie concerns, and the incidence of hypercholesterolemia have led consumers to favor vegan diets over cow milk alternatives. Plant-based milk replacements are a growing trend that can serve as a cost-effective substitute in developing nations with low per capita income and in areas where the supply of cow's milk is inadequate.
Despite the fact that several varieties of new plant-based beverages are being developed as alternatives to cow's milk, many of these beverages confront technological challenges linked to processing or preservation. In contrast to bovine milk, the majority of these milk replacements lack nutritional balance; nonetheless, they contain functionally active components with health-promoting effects, which attract health-conscious customers.
Advanced and novel non-thermal processing technologies, like ultra-high-pressure homogenization, ultra-high temperature treatment, and pulsed electric field processing, are being researched in order to address issues concerning the extension of shelf life, the stability of emulsions, the nutritional completeness of the final product, and its sensory acceptability. In the future years, intensive research efforts would be necessary for the functional beverages market to develop nutritionally and palatably adequate new products.
Asia-pacific possesses a significant market for plant-based beverages. The growth of the market in the region is increasing due to the rising food trend of consumers embracing vegan diets and beverages out of health concerns. Additionally, the increased adoption of plant-based beverages, such as soy milk as well as coconut milk among the population is boosting the demand for plant-based beverages in the Asia-Pacific region. In Asian countries such as India, China, and Japan, prominent manufacturers provide an assortment of vegan beverages.
The China market dominated the Asia Pacific Plant-based Beverages Market by Country in 2021; thereby, achieving a market value of $7,750.7 Million by 2028. The Japan market is registering a CAGR of 10.7% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 12% during (2022 - 2028).
Based on Product, the market is segmented into Plain and Flavored. Based on Type, the market is segmented into Soy, Almond, Coconut, Oats and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Plant-based Beverages Market is Projected to reach USD 48.8 Billion by 2028, at a CAGR of 11.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danone S.A. (Sofina Group), Campbell Soup Company (Pacific Foods of Oregon, LLC), Blue Diamond Growers, Inc., SunOpta, Inc, The Hain Celestial Group, Inc., Califia Farms LLC, Koia, Vitasoy International Group Co., Ltd. and Noumi Limited
Scope of the Study
Market Segments Covered in the Report:
By Product
By Type
- Soy
- Almond
- Coconut
- Oats
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Danone S.A. (Sofina Group)
- Campbell Soup Company (Pacific Foods of Oregon, LLC)
- Blue Diamond Growers, Inc.
- SunOpta, Inc
- The Hain Celestial Group, Inc.
- Califia Farms LLC
- Koia
- Vitasoy International Group Co., Ltd.
- Noumi Limited
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Plant-based Beverages Market, by Product
1.4.2 Asia Pacific Plant-based Beverages Market, by Type
1.4.3 Asia Pacific Plant-based Beverages Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 201, Jan – 2022, Jan) Leading Players
Chapter 4. Asia Pacific Plant-based Beverages Market by Product
4.1 Asia Pacific Plain Market by Country
4.2 Asia Pacific Flavored Market by Country
Chapter 5. Asia Pacific Plant-based Beverages Market by Type
5.1 Asia Pacific Soy Market by Country
5.2 Asia Pacific Almond Market by Country
5.3 Asia Pacific Coconut Market by Country
5.4 Asia Pacific Oats Market by Country
5.5 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Plant-based Beverages Market by Country
6.1 China Plant-based Beverages Market
6.1.1 China Plant-based Beverages Market by Product
6.1.2 China Plant-based Beverages Market by Type
6.2 Japan Plant-based Beverages Market
6.2.1 Japan Plant-based Beverages Market by Product
6.2.2 Japan Plant-based Beverages Market by Type
6.3 India Plant-based Beverages Market
6.3.1 India Plant-based Beverages Market by Product
6.3.2 India Plant-based Beverages Market by Type
6.4 South Korea Plant-based Beverages Market
6.4.1 South Korea Plant-based Beverages Market by Product
6.4.2 South Korea Plant-based Beverages Market by Type
6.5 Singapore Plant-based Beverages Market
6.5.1 Singapore Plant-based Beverages Market by Product
6.5.2 Singapore Plant-based Beverages Market by Type
6.6 Malaysia Plant-based Beverages Market
6.6.1 Malaysia Plant-based Beverages Market by Product
6.6.2 Malaysia Plant-based Beverages Market by Type
6.7 Rest of Asia Pacific Plant-based Beverages Market
6.7.1 Rest of Asia Pacific Plant-based Beverages Market by Product
6.7.2 Rest of Asia Pacific Plant-based Beverages Market by Type
Chapter 7. Company Profiles
7.1 Danone S.A. (Sofina Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Recent strategies and developments:
7.1.3.1 Acquisition and Mergers:
7.2 Campbell Soup Company (Pacific Foods of Oregon, LLC)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.3 Blue Diamond Growers, Inc.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Product Launches and Product Expansions:
7.4 SunOpta, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Acquisition and Mergers:
7.4.4.2 Business Expansions:
7.5 The Hain Celestial Group, Inc.
7.5.1 Company overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.6 Califia Farms LLC
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Product Launches and Product Expansions:
7.7 Koia
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.8 Vitasoy International Group Co., Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.9 Noumi Limited
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental Analysis
TABLE 1 Asia Pacific Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 3 Product Launches And Product Expansions – Plant-based Beverages Market
TABLE 4 Acquisitions and Mergers– Plant-based Beverages Market
TABLE 5 Business Expansions– Plant-based Beverages Market
TABLE 6 Asia Pacific Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Plain Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Plain Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Flavored Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Flavored Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Soy Market by Country, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Soy Market by Country, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Almond Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Almond Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Coconut Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Coconut Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Oats Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Oats Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Plant-based Beverages Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Plant-based Beverages Market by Country, 2022 - 2028, USD Million
TABLE 26 China Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 27 China Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 28 China Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 29 China Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 30 China Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 31 China Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 32 Japan Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 33 Japan Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 34 Japan Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 35 Japan Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 36 Japan Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 37 Japan Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 38 India Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 39 India Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 40 India Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 41 India Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 42 India Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 43 India Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 44 South Korea Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 45 South Korea Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 46 South Korea Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 47 South Korea Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 48 South Korea Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 49 South Korea Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 50 Singapore Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 51 Singapore Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 52 Singapore Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 53 Singapore Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 54 Singapore Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 55 Singapore Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 56 Malaysia Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 57 Malaysia Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 58 Malaysia Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 59 Malaysia Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 60 Malaysia Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 61 Malaysia Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 62 Rest of Asia Pacific Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 63 Rest of Asia Pacific Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 64 Rest of Asia Pacific Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 65 Rest of Asia Pacific Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 66 Rest of Asia Pacific Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 67 Rest of Asia Pacific Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 68 Key information – Danone S.A.
TABLE 69 Key Information – Campbell Soup Company
TABLE 70 Key Information – Blue Diamond Growers, Inc.
TABLE 71 Key Information – SunOpta, Inc.
TABLE 72 Key Information – The Hain Celestial Group, Inc.
TABLE 73 Key Information – Califia Farms LLC
TABLE 74 Key Information – Koia
TABLE 75 Key Information – Vitasoy International Group Co., Ltd.
TABLE 76 Key Information – Noumi Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 201, Jan – 2022, Jan) Leading Players