Top 50 Companies in Plant-Based Beverages Market: Global Share, Market Size, Revenue Report (2024-2035)
RELEASE DATE: Aug 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Plant-Based Beverages Market Size is projected To Grow from USD 34.13 Billion in 2024 to USD 97.56 Billion by 2035, at a CAGR of 10.02% during the forecast period 2025–2035. The market for plant-based beverages is expanding due to a number of additional factors, including rising disposable income and rapid urbanization. When it comes to dairy products, this is the healthiest option on the Market.
Introduction
Plant-based beverages are those made from grains and seeds. Plant-based beverages are delivered through water. These plant-based drinks are in high demand from lactose-sensitive consumers. Customers use these drinks as dairy alternatives. One of the main reasons why plant-based beverages are becoming more and more popular worldwide is the rise in lactose intolerance. Maximum increase is anticipated in the upcoming years. These items will be preferred by customers looking for solutions free of fat and cholesterol. Plant-based beverages are regarded as a healthy choice that the market offers, giving consumers essential vitamins and minerals. Rice milk, almond milk, and soy milk are all readily available for consumption. Animal cruelty awareness has also grown, and numerous awareness campaigns around the world have contributed significantly to the rise in the use of cruelty-free products.
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Plant-based beverages Market Size & Statistics
- The Market Size for Plant-Based Beverages Was Estimated to be worth USD 34.13 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 9.79% between 2025 and 2035.
- The Global Plant-Based Beverages Market Size is anticipated to reach USD 97.56 Billion by 2035.
- Europe is expected to generate the highest demand during the forecast period in the Plant-Based Beverages Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Plant-Based Beverages Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the plant-based beverages market. The Asia Pacific area had the highest consumption of plant-based beverages. As more people adopt vegan diets, this tendency is predicted to continue in the years to come. This region's health-conscious customers will propel market expansion. It is anticipated that soy milk and coconut milk would become more and more popular in countries like China, India, and Japan. Since coconut is a crop that is grown throughout the Asia-Pacific region, coconut milk has a lot of potential there.
Europe is expected to generate the highest demand during the forecast period in the plant-based beverages market. The increasing demand for nutrient-rich plant-based beverages will cause the European region to record the fastest compound annual growth rate. Laws in European countries have been changed to encourage the use of plant-based beverages. Numerous new products are being introduced in nations like Germany, Spain, and the United Kingdom. The market for plant-based beverages in Europe is expanding rapidly due to rising customer demand for sustainable, dairy-free, and healthier alternatives to traditional beverages that contain harmful byproducts.
Top 10 trends in the Plant-Based Beverages Market
- Focus on clean label and health benefits
- Inclusive and functional ingredients
- Growth in oat and pea protein beverages
- Expansion of product lines with new flavors and fortified nutrients
- Rising vegan and flexitarian consumer base
- Sustainability and eco-friendly production methods
- Increasing demand for dairy alternatives due to lactose intolerance
- Innovation in extraction and processing technologies
- Expansion into emerging markets
- Digital marketing and influencer-driven awareness
1. Focus on clean label and health benefits
Consumers increasingly seek plant-based beverages that feature transparent labeling, minimal additives, and no added sugars. Health-conscious buyers prioritize products rich in natural nutrients, fiber, and antioxidants, aligning with a broader wellness trend driving plant-based beverage consumption.
2. Inclusive and functional ingredients
Ingredients like gluten-free oat flour and pea protein are gaining popularity for their functional benefits, including better texture and nutritional value. These ingredients appeal to consumers with dietary restrictions, such as gluten intolerance, and those seeking added health functionalities in their drinks.
3. Growth in oat and pea protein beverages
Oat milk has risen as a leading plant-based milk due to its creamy texture and sustainability attributes. Pea protein is emerging as a preferred protein source in plant-based beverages for its high nutritional profile and neutral taste, displacing soy protein in many applications.
4. Expansion of product lines with new flavors and fortified nutrients
To attract a wider consumer base, companies are introducing innovative flavors and fortifying beverages with vitamins and minerals like calcium and vitamin D. This diversification addresses varied consumer preferences and dietary needs while enhancing product appeal.
5. Rising vegan and flexitarian consumer base
The growing number of vegans and flexitarians worldwide significantly drives market demand. These consumers prioritize ethical, health, and environmental reasons for choosing plant-based beverages, supporting sustained market expansion.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the plant-based beverages market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 24 Companies Leading the Plant-Based Beverages Market
- Danone S.A.
- Blue Diamond Growers, Inc.
- Califia Farms
- The Hain Celestial Group, Inc.
- SunOpta Inc.
- Oatly Group AB
- Kite Hill
- Elmhurst 1925
- Good Karma Foods
- Silk
- Alpro
- So Delicious
- Pacific Foods
- Earth's Own
- Ripple Foods
- Minor Figures
- Provamel
- Forager Project
- Miyoko’s Creamery
- Rude Health
- Dream
- Natrel
- Ecomil
- Malk Organics
1. Danone S.A. — Headquarters: Paris, France
Danone is a global leader in the Plant-based Beverages Market, well-known for its extensive portfolio of dairy alternatives such as almond, oat, and soy-based drinks. Headquartered in Paris, France, Danone emphasizes sustainable sourcing, health and wellness innovation, and expanding its plant-based product lines to meet rising consumer demand. The company's brands, including Alpro and Silk, enjoy strong international presence, adapted to regional tastes and nutritional preferences. Danone invests heavily in research and development to improve product texture, taste, and nutritional value, supporting plant-based lifestyle trends. Through its commitment to reducing environmental impact and creating healthier, animal-friendly options, Danone reinforces its position as a key player shaping the future of the plant-based beverages market worldwide.
2. Blue Diamond Growers, Inc. — Headquarters: Sacramento, California, USA
Blue Diamond Growers is a prominent player in the Plant-based Beverages Market, specializing in almond-based products. Based in Sacramento, California, this cooperative leverages its long-standing expertise in almond cultivation to produce high-quality almond beverages that cater to health-conscious and environmentally aware consumers. Blue Diamond’s iconic Almond Breeze brand is widely recognized for its creamy texture and nutritional benefits. The company focuses on sustainable agricultural practices, innovation in plant-based drink formulations, and expanding its market reach globally. Continual product innovation aimed at meeting consumer demand for non-dairy milk alternatives secures Blue Diamond's influential role within the growing plant-based beverages market.
3. Califia Farms — Headquarters: Bakersfield, California, USA
Califia Farms has become a disruptive force in the Plant-based Beverages Market by delivering premium-quality, innovative almond, oat, and other plant-based beverages. Headquartered in Bakersfield, California, Califia Farms is renowned for its commitment to clean-label products free of artificial additives. The company integrates sustainability into its supply chain, emphasizing water-efficient farming and eco-conscious packaging initiatives. Califia Farms appeals to younger, health-oriented consumers with a variety of flavorful, fortified drink options that align with current wellness trends. Its market-savvy approach and dedication to enhancing taste and nutritional profiles have solidified Califia Farms as a highly regarded name in the plant-based beverages market.
4. The Hain Celestial Group, Inc. — Headquarters: Lake Success, New York, USA
The Hain Celestial Group is a leading natural and organic products company with a significant footprint in the Plant-based Beverages Market. Headquartered in Lake Success, New York, Hain Celestial’s portfolio includes popular plant-based beverage brands like Dream (soy and almond milk) and Earth's Best organic nondairy options. The group focuses on organic, natural ingredients, catering to consumers seeking healthful and sustainable choices. With an emphasis on innovation, clean-label transparency, and ethical sourcing, Hain Celestial continues to expand its plant-based offerings. The company’s proactive R&D efforts and broad distribution network help maintain its strong position within the evolving plant-based beverages market landscape.
5. SunOpta Inc. — Headquarters: Mississauga, Ontario, Canada
SunOpta Inc. is a vertically integrated player in the Plant-based Beverages Market, specializing in sourcing, processing, and distributing plant-based food and beverage ingredients. Headquartered in Mississauga, Ontario, Canada, SunOpta focuses on non-GMO and organic plant-based beverages, including almond, oat, soy, and other nut milks. The company is recognized for its sustainable agricultural practices and commitment to transparency and quality. SunOpta’s innovation in product development and ingredient sourcing enables it to serve both consumer brands and retail private-label markets globally. Its extensive R&D and sustainability initiatives reinforce SunOpta’s standing as a vital contributor to the growth and diversification of the plant-based beverages market.
Are you ready to discover more about the plant-based beverages market?
The report provides an in-depth analysis of the leading companies operating in the global plant-based beverages market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Danone S.A.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Blue Diamond Growers, Inc.
- Califia Farms
- The Hain Celestial Group, Inc.
- SunOpta Inc.
- Oatly Group AB
- Kite Hill
- Elmhurst 1925
- Good Karma Foods
- Others.
Conclusion
The plant-based beverages market is experiencing robust and sustained growth, fueled by rising health consciousness, the shift toward vegan and flexitarian diets, and increasing demand for sustainable and eco-friendly products. Innovations in ingredients like oat, pea protein, and fortified plant-based milk are expanding consumer choices and enhancing nutritional value. Major players are leveraging R&D, product diversification, and sustainable sourcing to strengthen their global presence. Emerging markets, digital marketing, and the growing lactose-intolerant population are further accelerating adoption. With environmental concerns, ethical consumption trends, and technological advancements shaping the landscape, the plant-based beverages sector is poised to remain one of the most dynamic and competitive categories in the global food and beverages industry.
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