"Executive Summary Europe Plant-Based Beverages Market Size and Share Forecast
The Europe Plant-Based Beverages Market size was valued at USD 7.11 Billion in 2024 and is expected to reach USD 15.11 Billion by 2032, at a CAGR of 9.10% during the forecast period
With a capable and wide-ranging market research study, Europe Plant-Based Beverages Market report provides the facts associated with any subject in the field of marketing. This report unearths the common market conditions, trends, preferences, key players, opportunities, geographical analysis and many other parameters that support to drive the business into right direction. With the precise and high-tech information given in the top notch Europe Plant-Based Beverages Market report, businesses can know about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already active in the market.
Europe Plant-Based Beverages Market research report consists of fundamental, secondary and advanced information allied to the global status and trend, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2022 - 2029. This report conducts study of market drivers, market restraints, opportunities and challenges underneath market overview which provides valuable insights to businesses for taking right moves. Moreover, the report endows with the data and information for actionable, most recent and real-time market insights which make it uncomplicated to take critical business decisions. Market research analysis lends a hand to businesses for the planning of production, product launches, costing, inventory, purchasing and marketing strategies.
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Europe Plant-Based Beverages Market Review
Segments
The Europe Plant-Based Beverages market is segmented based on type, source, distribution channel, and country. In terms of type, the market is categorized into dairy alternatives, juices, RTD tea and coffee, and others. Dairy alternatives, such as almond milk, soy milk, and oat milk, are gaining popularity due to the increasing number of lactose intolerant and vegan consumers. Juices segment includes various fruit and vegetable juices, offering a healthier alternative to sugary sodas. RTD tea and coffee segment is witnessing growth as consumers look for convenient and on-the-go beverage options. The others segment consists of plant-based beverages like coconut water, plant-based smoothies, and plant-based protein drinks.
Based on source, the market is divided into soy, almond, coconut, rice, oats, and others. Soy-based plant beverages have been dominant in the market due to their high protein content and versatility in various applications. Almond and coconut-based beverages are preferred for their unique flavors and nutritional benefits. Rice and oats-based beverages cater to consumers with allergies or sensitivities to soy and nuts. The others segment includes beverages derived from sources like hemp, pea, and cashew.
The distribution channel segment includes supermarkets/hypermarkets, convenience stores, online retail, and others. Supermarkets/hypermarkets have been the traditional distribution channel for plant-based beverages, offering a wide range of options to consumers. Convenience stores cater to on-the-go consumers looking for quick beverage solutions. The online retail segment is witnessing significant growth with the rise of e-commerce platforms, providing consumers with convenience and a wide selection of products at their fingertips.
In terms of country, the Europe Plant-Based Beverages market is segmented into Germany, UK, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, and rest of Europe. Germany and the UK are key markets for plant-based beverages in Europe due to the high awareness levels regarding health and wellness trends. France and Italy are also witnessing growth in plant-based beverage consumption as consumers become more health-conscious. Spain, Russia, and other European countries are showing increasing interest in plant-based beverages, driven by changing consumer preferences and dietary habits.
Market Players
- The Hain Celestial Group Inc.
- Blue Diamond Growers
- SunOpta
- Sanitarium
- Freedom Foods Group Limited
- Pacific Foods of Oregon, LLC
- Pureharvest
- Drink Daily Greens LLC
- KARA
- Rebel Kitchen
Uncover the company’s portion of market ownership
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Structured Market Research Questions for Europe Plant-Based Beverages Market
What is the competitive positioning of leading brands?
What export regulations affect the Europe Plant-Based Beverages Market?
What is the market share by sales channel (retail, online)?
How are consumer expectations evolving?
What product attributes are most valued?
Which regions face supply chain constraints?
What funding trends are visible in this Europe Plant-Based Beverages Market?
How do regional taxes affect pricing?
What are the projected risks in the Europe Plant-Based Beverages Market?
What collaborations exist between public and private sectors?
What role does influencer marketing play in Europe Plant-Based Beverages Market?
How do cultural factors impact Europe Plant-Based Beverages Market trends?
How is the resale or second-hand Europe Plant-Based Beverages Market performing?
What’s the churn rate in consumer loyalty?
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