Latin America Plant-Based Beverages Market Size & Outlook
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Plant-based Beverages Market Outlook
- Consumer Food & Beverages
Latin America Plant-Based Beverages Market, 2017-2030 (US$M)
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Latin America plant-based beverages market highlights
- The Latin America plant-based beverages market generated a revenue of USD 562.4 million in 2021.
- The market is expected to grow at a CAGR of 11.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 562.4 million |
| Market revenue in 2030 | USD 1,501.3 million |
| Growth rate | 11.5% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Coconut |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 2.3% of the global plant-based beverages market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 9,151.3 million by 2030.
Argentina and Brazil are among several countries in the region that have a high burden of mortality and morbidity resulting from non-communicable diseases (NCDs). NCDs are mainly associated with unhealthy lifestyle habits and low consumption of plant-based proteins.
Growing health consciousness among an increasing number of people in these countries and more has driven the shift to healthy and vegan diets. In 2018, of the total population in Latin America, 4% of population were vegan while 10% were flexitarian.
The growing vegan trend, particularly among young consumers, as well as growing health consciousness is expected to drive the plant-based beverages market in Latin America over the forecast period.
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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 |
Latin America 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 37.87% in 2021.
Horizon Databook has segmented the Latin America plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
Argentina and Brazil are among several countries in the region that have a high burden of mortality and morbidity resulting from non-communicable diseases (NCDs). NCDs are mainly associated with unhealthy lifestyle habits and low consumption of plant-based proteins.
Growing health consciousness among an increasing number of people in these countries and more has driven the shift to healthy and vegan diets. In 2018, of the total population in Latin America, 4% of population were vegan while 10% were flexitarian.
The growing vegan trend, particularly among young consumers, as well as growing health consciousness is expected to drive the plant-based beverages market in Latin America over the forecast period.
- Latin America Plant-Based Beverages Market Type Outlook (Revenue, USD Million , 2017-2030)
- Soy
- Coconut
- Almond
- Oats
- Others
- Latin America Plant-Based Beverages Market Product Outlook (Revenue, USD Million , 2017-2030)
- Plain
- Flavored
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Plant-based Beverages Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Plant-based Beverages Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Plant-Based Beverages Market, 2017-2030 (US$M)
Latin America plant-based beverages market statistics, by type, 2017-2030 (US$M)
