U.K. Plant-Based Beverages Market Size & Outlook, 2021-2030
- Food Beverages & Tobacco
- Consumer Food & Beverages
- Plant-based Beverages Market Outlook
- Consumer Food & Beverages
U.K. Plant-Based Beverages Market, 2017-2030 (US$M)
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UK plant-based beverages market highlights
- The UK plant-based beverages market generated a revenue of USD 476.7 million in 2021 and is expected to reach USD 1,607.1 million by 2030.
- The UK market is expected to grow at a CAGR of 14.5% from 2022 to 2030.
- In terms of segment, soy was the largest revenue generating type in 2021.
- Oats 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 476.7 million |
| Market revenue in 2030 | USD 1,607.1 million |
| Growth rate | 14.5% (CAGR from 2021 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Oats |
| 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, UK accounted for 2.0% 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 Europe, Spain plant-based beverages market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 1,607.1 million by 2030.
In 2019, over 25% of the U.K. population was consuming plant-based beverages, primarily due to the rapidly growing popularity of vegan diets. Growth of the U.K. plant-based beverages market is expected to continue at a significant rate owing to its high potential and early stage of development, increasing ethical focus of the consumers (led by the millennial generation), and emergence of vegan consumers.
According to Mintel, the U.K. is moving toward becoming a global leader for vegan food and beverages. In 2018, over 16% of the food and beverage launches in the U.K. were vegan. Vegan Society stated that in 2018, there were 600,000 vegan consumers in the U.K., increasing from 150,000 in 2014.
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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 |
U.K. 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 38.62% in 2021.
Horizon Databook has segmented the U.K. plant-based beverages market based on soy, coconut, almond, oats covering the revenue growth of each sub-segment from 2017 to 2030.
In 2019, over 25% of the U.K. population was consuming plant-based beverages, primarily due to the rapidly growing popularity of vegan diets. Growth of the U.K. plant-based beverages market is expected to continue at a significant rate owing to its high potential and early stage of development, increasing ethical focus of the consumers (led by the millennial generation), and emergence of vegan consumers.
According to Mintel, the U.K. is moving toward becoming a global leader for vegan food and beverages. In 2018, over 16% of the food and beverage launches in the U.K. were vegan. Vegan Society stated that in 2018, there were 600,000 vegan consumers in the U.K., increasing from 150,000 in 2014.
- U.K. Plant-Based Beverages Market Type Outlook (Revenue, USD Million , 2017-2030)
- Soy
- Coconut
- Almond
- Oats
- Others
- U.K. Plant-Based Beverages Market Product Outlook (Revenue, USD Million , 2017-2030)
- Plain
- Flavored
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Horizon Databook provides a detailed overview of country-level data and insights on the U.K. Plant-based Beverages Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into U.K. Plant-based Beverages Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
U.K. Plant-Based Beverages Market, 2017-2030 (US$M)
UK plant-based beverages market statistics, by type, 2017-2030 (US$M)
