The North America Plant-based Beverages Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
Plant-based beverages are substituted for dairy milk, which is why they are frequently referred to as plant-based milk. It must be highlighted that dairy milk and plant-based beverages are distinct food groups from a nutritional standpoint. Plant-based beverages are produced by extracting plant material from seeds, grains, or other plant matter into the water. Various additives, such as synthetic vitamins, minerals, preservatives, and gums, provide a vast array of innovative possibilities.
To capitalize on the prospects offered by the development of plant-based drinks, businesses require reliable, proven technology that allows them to change processes and capacities based on their needs. Many consumers choose plant-based beverages for health or lifestyle-related reasons. Those who cannot handle or choose not to consume cow's milk would appreciate the availability of plant-based beverages. A significant proportion of people throughout the world suffer from food allergies, sensitivities, as well as intolerances. Those who are lactose intolerant are able to maintain standard eating habits owing to plant-based alternatives.
Individuals with food sensitivities may respond to milk but not to various other dairy products because of the distinct properties of each item. Many kinds of cheese, for instance, have less lactose than liquid milk. In terms of symptoms and therapy, a real milk allergy differs from both milk protein intolerance as well as lactose intolerance; nonetheless, in all situations, elimination of milk from the diet is often advised. Because the symptoms of sensitivities, allergies, and intolerances can vary, it is essential to consult a medical practitioner for an accurate diagnosis of particular dietary concerns.
IBD, also called Inflammatory Bowel Disease, is also increasing significantly among people in North America. A massive proportion of people throughout the region are suffering from this disease. Due to this, the demand for health drinks is significantly increasing in order to allow consumers to consume maximum nutrition with a light diet. Such factors are propelling the adoption of plant-based beverages in the region and this factor is expediting the growth of the regional plant-based beverages market.
The US market dominated the North America Plant-based Beverages Market by Country in 2021; thereby, achieving a market value of $6.804.5 Million by 2028. The Canada market is experiencing a CAGR of 13.4% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 12.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Plant-based Beverages Market, by Product
1.4.2 North America Plant-based Beverages Market, by Type
1.4.3 North America 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. North America Plant-based Beverages Market by Product
4.1 North America Plain Market by Country
4.2 North America Flavored Market by Country
Chapter 5. North America Plant-based Beverages Market by Type
5.1 North America Soy Market by Country
5.2 North America Almond Market by Country
5.3 North America Coconut Market by Country
5.4 North America Oats Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Plant-based Beverages Market by Country
6.1 US Plant-based Beverages Market
6.1.1 US Plant-based Beverages Market by Product
6.1.2 US Plant-based Beverages Market by Type
6.2 Canada Plant-based Beverages Market
6.2.1 Canada Plant-based Beverages Market by Product
6.2.2 Canada Plant-based Beverages Market by Type
6.3 Mexico Plant-based Beverages Market
6.3.1 Mexico Plant-based Beverages Market by Product
6.3.2 Mexico Plant-based Beverages Market by Type
6.4 Rest of North America Plant-based Beverages Market
6.4.1 Rest of North America Plant-based Beverages Market by Product
6.4.2 Rest of North America 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 North America Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 7 North America Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 8 North America Plain Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Plain Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Flavored Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Flavored Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 13 North America Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 14 North America Soy Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Soy Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Almond Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Almond Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Coconut Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Coconut Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Oats Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Oats Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Plant-based Beverages Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Plant-based Beverages Market by Country, 2022 - 2028, USD Million
TABLE 26 US Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 27 US Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 28 US Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 29 US Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 30 US Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 31 US Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 32 Canada Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 33 Canada Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 34 Canada Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 35 Canada Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 36 Canada Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 37 Canada Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 38 Mexico Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 39 Mexico Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 40 Mexico Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 41 Mexico Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 42 Mexico Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 43 Mexico Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 44 Rest of North America Plant-based Beverages Market, 2018 - 2021, USD Million
TABLE 45 Rest of North America Plant-based Beverages Market, 2022 - 2028, USD Million
TABLE 46 Rest of North America Plant-based Beverages Market by Product, 2018 - 2021, USD Million
TABLE 47 Rest of North America Plant-based Beverages Market by Product, 2022 - 2028, USD Million
TABLE 48 Rest of North America Plant-based Beverages Market by Type, 2018 - 2021, USD Million
TABLE 49 Rest of North America Plant-based Beverages Market by Type, 2022 - 2028, USD Million
TABLE 50 Key information – Danone S.A.
TABLE 51 Key Information – Campbell Soup Company
TABLE 52 Key Information – Blue Diamond Growers, Inc.
TABLE 53 Key Information – SunOpta, Inc.
TABLE 54 Key Information – The Hain Celestial Group, Inc.
TABLE 55 Key Information – Califia Farms LLC
TABLE 56 Key Information – Koia
TABLE 57 Key Information – Vitasoy International Group Co., Ltd.
TABLE 58 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