India Plant-Based Beverages Market Size & Outlook, 2021-2030
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Plant-based Beverages Market Outlook
- Consumer Food & Beverages
India Plant-Based Beverages Market, 2017-2030 (US$M)
Global Market
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India plant-based beverages market highlights
- The India plant-based beverages market generated a revenue of USD 871.5 million in 2021 and is expected to reach USD 2,983.1 million by 2030.
- The India market is expected to grow at a CAGR of 14.7% from 2022 to 2030.
- In terms of segment, soy was the largest revenue generating type in 2021.
- Coconut is the most lucrative type segment registering the fastest growth during the forecast period.
Plant-based beverages market data book summary
| Market revenue in 2021 | USD 871.5 million |
| Market revenue in 2030 | USD 2,983.1 million |
| Growth rate | 14.7% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Coconut |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Coconut, Almond, Oats |
| Key market players worldwide | Danone SA, SunOpta Inc, The Hain Celestial Group Inc, Vitasoy International Holdings Ltd, Noumi, Pacific Foods of Oregon, Blue Diamond Growers, Harmless Harvest |
Other key industry trends
- In terms of revenue, India accounted for 3.6% of the global plant-based beverages market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China plant-based beverages market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,983.1 million by 2030.
The growth of the plant-based beverages market in India is attributed to the willingness of consumers to shift to a plant-based vegan diet. India has a large vegetarian population and a substantial part of this group is turning to plant-based food and beverages due to health reasons.
In 2019, a survey conducted by companies in India stated that 63% of Indians were willing to trade meat-based products with plant-based options. Such factors are likely to contribute to the market growth in the country.
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Plant-Based Beverages Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Danone SA | View profile | 88,843 | 17, Boulevard Haussmann, Paris, France, 75009 | www.danone.com |
| SunOpta Inc | View profile | 1,174 | 7078 Shady Oak Road, Eden Prairie, MN, United States, 55344 | www.sunopta.com |
| The Hain Celestial Group Inc | View profile | 2,837 | 4600 Sleepytime Drive, Co, Boulder, DE, United States, 80301 | www.hain.com |
| Vitasoy International Holdings Ltd | View profile | 6,534 | Number 1 Kin Wong Street, Tuen Mun, New Territories, Hong Kong, Hong Kong, | www.vitasoy.com |
| Noumi | View profile | 501-1000 | Taren Point, New South Wales, Australia, Oceania | noumi.com.au/ |
| Pacific Foods of Oregon | View profile | 501-1000 | Tualatin, Oregon, United States, North America | www.pacificfoods.com |
| Blue Diamond Growers | View profile | 1001-5000 | Sacramento, California, United States, North America | bluediamondgrowers.com/ |
| Harmless Harvest | View profile | 251-500 | San Francisco, California, United States, North America | www.harmlessharvest.com |
India Plant-based Beverages Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Plant-based Beverages Market Outlook will help companies and investors design strategic landscapes.
Soy was the largest segment with a revenue share of 38.67% in 2021.
Horizon Databook has segmented the India plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
The growth of the plant-based beverages market in India is attributed to the willingness of consumers to shift to a plant-based vegan diet. India has a large vegetarian population and a substantial part of this group is turning to plant-based food and beverages due to health reasons.
In 2019, a survey conducted by companies in India stated that 63% of Indians were willing to trade meat-based products with plant-based options. Such factors are likely to contribute to the market growth in the country.
- India Plant-Based Beverages Market Type Outlook (Revenue, USD Million , 2017-2030)
- Soy
- Coconut
- Almond
- Oats
- Others
- India Plant-Based Beverages Market Product Outlook (Revenue, USD Million , 2017-2030)
- Plain
- Flavored
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- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the India Plant-based Beverages Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Plant-based Beverages Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
India Plant-Based Beverages Market, 2017-2030 (US$M)
India plant-based beverages market statistics, by type, 2017-2030 (US$M)
