The Latin America, Middle East and Africa Plant-based Beverages Market would witness market growth of 13.9% CAGR during the forecast period (2022-2028).
Plant-based milk can be an excellent source of protein as well as low in calories, depending on the specific product. Some contain DHA omega-3s and probiotics. Plant-based milk provides a means for people with milk sensitivities or lactose intolerance to obtain some of the healthful elements contained in dairy milk. Plant-based and flexitarian consumers frequently base their purchasing decisions on the sustainability of plant-based milk.
Moreover, due to the diversity of plant-based milk, some are more environmentally friendly than others. The minimal land and water requirements of oats, for instance, help to make oat milk sustainability stand out among plant-based milk. For customers who prefer shelf-stable plant-based milk, aseptic cartons and single-serve bottles are available.
Vegan, dairy-free, and lactose-free may be the most prevalent front-of-package claims, but additional allergy-free claims, such as nut-free, soy-free, and gluten-free are also utilized. Excellent sources of calcium, low in saturated fat, as well as protein and calorie claims, are made. Non-GMO and organic are tried-and-true characteristics for this category, while no added sugar and gums are on the rise.
The increasing number of shops and restaurants in Saudi Arabia that offer a wide variety of vegan and vegetarian items makes the transition from meat to plant-based diets more appealing to the youth demographic. Increasing awareness of health, the environment, as well as animal rights has led to a rise in the demand for plant-based foods and drinks in the UAE and South Africa. These factors are anticipated to contribute to the expansion of the plant-based food and beverage market in the coming years.
The Brazil market dominated the LAMEA Plant-based Beverages Market by Country in 2021; thereby, achieving a market value of $610.5 Million by 2028. The Argentina market is showcasing a CAGR of 14.5% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 13.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Plant-based Beverages Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Plant-based Beverages Market, by Product
1.4.2 LAMEA Plant-based Beverages Market, by Type
1.4.3 LAMEA 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. LAMEA Plant-based Beverages Market by Product
4.1 LAMEA Plain Market by Country
4.2 LAMEA Flavored Market by Country
Chapter 5. LAMEA Plant-based Beverages Market by Type
5.1 LAMEA Soy Market by Country
5.2 LAMEA Almond Market by Country
5.3 LAMEA Coconut Market by Country
5.4 LAMEA Oats Market by Country
5.5 LAMEA Others Market by Country
Chapter 6. LAMEA Plant-based Beverages Market by Country
6.1 Brazil Plant-based Beverages Market
6.1.1 Brazil Plant-based Beverages Market by Product
6.1.2 Brazil Plant-based Beverages Market by Type
6.2 Argentina Plant-based Beverages Market
6.2.1 Argentina Plant-based Beverages Market by Product
6.2.2 Argentina Plant-based Beverages Market by Type
6.3 UAE Plant-based Beverages Market
6.3.1 UAE Plant-based Beverages Market by Product
6.3.2 UAE Plant-based Beverages Market by Type
6.4 Saudi Arabia Plant-based Beverages Market
6.4.1 Saudi Arabia Plant-based Beverages Market by Product
6.4.2 Saudi Arabia Plant-based Beverages Market by Type
6.5 South Africa Plant-based Beverages Market
6.5.1 South Africa Plant-based Beverages Market by Product
6.5.2 South Africa Plant-based Beverages Market by Type
6.6 Nigeria Plant-based Beverages Market
6.6.1 Nigeria Plant-based Beverages Market by Product
6.6.2 Nigeria Plant-based Beverages Market by Type
6.7 Rest of LAMEA Plant-based Beverages Market
6.7.1 Rest of LAMEA Plant-based Beverages Market by Product
6.7.2 Rest of LAMEA 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 LAMEA Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 7 LAMEA Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 8 LAMEA Plain Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Plain Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Flavored Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Flavored Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 13 LAMEA Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 14 LAMEA Soy Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Soy Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Almond Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Almond Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Coconut Market by Country, 2018 - 2021, USD Million
TABLE 19 LAMEA Coconut Market by Country, 2022 - 2028, USD Million
TABLE 20 LAMEA Oats Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Oats Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Plant-based Beverages Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Plant-based Beverages Market by Country, 2022 - 2028, USD Million
TABLE 26 Brazil Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 27 Brazil Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 28 Brazil Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 29 Brazil Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 30 Brazil Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 31 Brazil Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 32 Argentina Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 33 Argentina Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 34 Argentina Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 35 Argentina Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 36 Argentina Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 37 Argentina Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 38 UAE Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 39 UAE Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 40 UAE Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 41 UAE Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 42 UAE Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 43 UAE Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 44 Saudi Arabia Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 45 Saudi Arabia Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 46 Saudi Arabia Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 47 Saudi Arabia Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 48 Saudi Arabia Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 49 Saudi Arabia Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 50 South Africa Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 51 South Africa Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 52 South Africa Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 53 South Africa Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 54 South Africa Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 55 South Africa Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 56 Nigeria Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 57 Nigeria Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 58 Nigeria Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 59 Nigeria Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 60 Nigeria Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 61 Nigeria Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 62 Rest of LAMEA Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 63 Rest of LAMEA Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 64 Rest of LAMEA Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 65 Rest of LAMEA Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 66 Rest of LAMEA Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 67 Rest of LAMEA 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