The Europe Plant-based Beverages Market would witness market growth of 10.6% CAGR during the forecast period (2022-2028).
Soy milk is nutritionally the most similar to cow's milk, and many plant-based beverages contain vitamins and minerals to replicate the nutritional profile of cow's milk. There is no requirement for milk in a balanced diet. Still, special attention must be paid to ensure that individuals' dietary needs are addressed. This requires acknowledging that plant-based beverages are not nutritionally equivalent to cow's milk. If consumers are seeking to consume high-quality, a number of market players in several nations throughout the world are increasing their focus on bringing the best-in-class plant-based beverages to the market.
In recent years, plant-based beverage sales have surged significantly. Large food manufacturers have chosen to spend on expensive marketing initiatives, the majority of which are aimed at the millennial population. Their relentless promotion has been successful since millennials and Generation Z make up the largest group of consumers that choose plant-based beverages. Based on the higher prevalence of reported allergies and dietary sensitivities among these generations, this advertising may appeal to them particularly.
Furthermore, younger generations are more tend to identify as predominantly vegan or vegetarian than previous generations. As plant-based beverages have increased in popularity, cow's milk sales have decreased. The expansion of the market for plant-based beverages has wreaked havoc on small-scale dairy as well as grain farmers. The majority of these soy and grain-based beverages are traditional and manufactured with inexpensive, imported ingredients. Consumer marketing promotes plant-based beverages as the healthier option, which is aiding in the expansion of the adoption of plant-based beverages.
Veganism is an emerging trend throughout the region. German cuisine is becoming increasingly vegan. According to the United States Department of Agriculture, in 2017-2018, 15% of new vegan food and beverage products were introduced in Germany. Additionally, as per the organization, approximately 35% of the population considers the availability of vegan or vegetarian products to be very important, and 63% of Germans are attempting to reduce their meat intake, making Germany one of the most vegetarian countries in the world.
The Germany market dominated the Europe Plant-based Beverages Market by Country in 2021; thereby, achieving a market value of $2,189.2 Million by 2028. The UK market is exhibiting a CAGR of 9.7% during (2022 - 2028). Additionally, The France market would experience a CAGR of 11.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Plant-based Beverages Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Plant-based Beverages Market, by Product
1.4.2 Europe Plant-based Beverages Market, by Type
1.4.3 Europe 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. Europe Plant-based Beverages Market by Product
4.1 Europe Plain Market by Country
4.2 Europe Flavored Market by Country
Chapter 5. Europe Plant-based Beverages Market by Type
5.1 Europe Soy Market by Country
5.2 Europe Almond Market by Country
5.3 Europe Coconut Market by Country
5.4 Europe Oats Market by Country
5.5 Europe Others Market by Country
Chapter 6. Europe Plant-based Beverages Market by Country
6.1 Germany Plant-based Beverages Market
6.1.1 Germany Plant-based Beverages Market by Product
6.1.2 Germany Plant-based Beverages Market by Type
6.2 UK Plant-based Beverages Market
6.2.1 UK Plant-based Beverages Market by Product
6.2.2 UK Plant-based Beverages Market by Type
6.3 France Plant-based Beverages Market
6.3.1 France Plant-based Beverages Market by Product
6.3.2 France Plant-based Beverages Market by Type
6.4 Russia Plant-based Beverages Market
6.4.1 Russia Plant-based Beverages Market by Product
6.4.2 Russia Plant-based Beverages Market by Type
6.5 Spain Plant-based Beverages Market
6.5.1 Spain Plant-based Beverages Market by Product
6.5.2 Spain Plant-based Beverages Market by Type
6.6 Italy Plant-based Beverages Market
6.6.1 Italy Plant-based Beverages Market by Product
6.6.2 Italy Plant-based Beverages Market by Type
6.7 Rest of Europe Plant-based Beverages Market
6.7.1 Rest of Europe Plant-based Beverages Market by Product
6.7.2 Rest of Europe 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 Europe Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 2 Europe 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 Europe Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 7 Europe Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 8 Europe Plain Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Plain Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Flavored Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Flavored Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 13 Europe Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 14 Europe Soy Market by Country, 2018 - 2021, USD Million
TABLE 15 Europe Soy Market by Country, 2022 - 2028, USD Million
TABLE 16 Europe Almond Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Almond Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Coconut Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Coconut Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Oats Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Oats Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Plant-based Beverages Market by Country, 2018 - 2021, USD Million
TABLE 25 Europe Plant-based Beverages Market by Country, 2022 - 2028, USD Million
TABLE 26 Germany Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 27 Germany Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 28 Germany Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 29 Germany Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 30 Germany Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 31 Germany Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 32 UK Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 33 UK Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 34 UK Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 35 UK Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 36 UK Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 37 UK Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 38 France Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 39 France Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 40 France Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 41 France Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 42 France Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 43 France Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 44 Russia Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 45 Russia Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 46 Russia Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 47 Russia Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 48 Russia Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 49 Russia Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 50 Spain Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 51 Spain Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 52 Spain Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 53 Spain Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 54 Spain Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 55 Spain Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 56 Italy Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 57 Italy Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 58 Italy Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 59 Italy Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 60 Italy Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 61 Italy Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 62 Rest of Europe Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 63 Rest of Europe Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 64 Rest of Europe Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 65 Rest of Europe Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 66 Rest of Europe Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 67 Rest of Europe 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