Report Scope & Overview:
Plant Based Protein Drink Market was valued at USD 2.52 billion in 2021 and is predicted to rise to USD 4.62 billion by 2030, at an 8.8% CAGR from 2022 to 2030.
Plant Based Protein Drink Market Overview:
Global Plant Based Protein Drink Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Plant Based Protein Drink Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
Overall, Plant Based Protein Drink market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Plant Based Protein Drink market research is expected to experience further growth and innovation in the coming years.
Market Dynamics:
Rising Consumer knowledge of Health and Sustainability Concerns: Growing consumer knowledge of health and sustainability concerns was driving demand for plant-based products, especially protein drinks. Because of health benefits, ethical considerations, and environmental concerns, many customers were changing to plant-based diets.
Trends in Health and Wellness: With a greater emphasis on health and wellness, there is a greater demand for products that contain natural, clean label, and minimally processed components. Plant-based protein beverages, which are frequently sourced from sources such as peas, soy, rice, hemp, and almonds, were believed to be healthier alternatives to typical dairy-based protein shakes.
Ingredient and formulation innovation: Companies were spending in R&D to generate revolutionary plant-based protein formulations that not only offered enough protein content but also enhanced flavor and texture. Common efforts included combining multiple plant protein sources and utilizing technologies to improve solubility and flavor.
Product Offering Diversification: The market was seeing a wide range of plant-based protein drinks, including ready-to-drink (RTD) beverages, protein powder mixes, and protein-enriched smoothies. This diversity intended to accommodate a wide range of consumer preferences and usage occasions.
Athletic and Active Lifestyles: Plant-based protein beverages were becoming more popular with athletes, fitness buffs, and others who lead active lives. These products were being marketed as effective, non-animal sourced sources of protein for muscle repair and general wellness.
Retail and E-Commerce Channels: It was become easier to find plant-based protein drinks through a variety of retail channels, including supermarkets, health food stores, and online marketplaces. The expansion of these products' market to a global consumer base was greatly aided by e-commerce.
Global Plant Based Protein Drink Market: By Company
• Nestle
• PepsiCo
• Tyson Food
• The Coca-Cola Company
• Kraft Heinz
• Mondelez International
• Danone
• Yili
• Mengniu
• Meiji
• Oatly Group AB
Global Plant Based Protein Drink Market: By Type
• Soy Protein Drink
• Wheat Protein Drink
• Pea Protein Drink
• Oat Protein Drink
• Others
Global Plant Based Protein Drink Market: By Application
• Supermarket
• Convenience Stores
• Online Sales
• Others
Global Plant Based Protein Drink Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Plant Based Protein Drink market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
| Repot Attribute/Metric | Details |
| Market Size Value in 2021 | USD 2.52 billion |
| Projected Market Size 2030 | USD 4.62 billion |
| Compound Annual Growth Rate (CAGR) | 8.8% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Historical Data | 2018-2022 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| By Type | • Soy Protein Drink • Wheat Protein Drink • Pea Protein Drink • Oat Protein Drink • Others |
| By Application | • Soy Protein Drink • Wheat Protein Drink • Pea Protein Drink • Oat Protein Drink • Others |
| Key Companies Profiled | • Nestle • PepsiCo • Tyson Food • The Coca-Cola Company • Kraft Heinz • Mondelez International • Danone • Yili • Mengniu • Meiji • Oatly Group AB |
| Regions and Key Countries Covered | U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America |
| Customization Scope | Available on Request |
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.
Objectives of Plant Based Protein Drink Market Study:
The objectives of Plant Based Protein Drink market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Plant Based Protein Drink market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Plant Based Protein Drink market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.
Frequently Asked Questions
Challenges include ensuring a complete amino acid profile, overcoming taste and texture issues, and addressing concerns about potential allergens or anti-nutrients in certain plant sources.
Companies are innovating by combining various plant sources to create complementary amino acid profiles, improving flavor profiles using natural sweeteners and flavorings, and fortifying drinks with additional nutrients like vitamins, minerals, and fiber.
Plant-based protein drinks are beverages formulated with protein derived from plant sources such as peas, soy, rice, hemp, and others. Unlike traditional protein drinks that often use whey or casein from animal sources, plant-based options cater to consumers seeking alternatives due to dietary preferences, allergies, ethical concerns, or health reasons.
Plant-based protein drinks typically have lower levels of saturated fats and zero cholesterol compared to animal-based options. They also often contain additional nutrients like fiber, antioxidants, and essential vitamins and minerals.
Plant-based protein drinks typically have lower levels of saturated fats and zero cholesterol compared to animal-based options. They also often contain additional nutrients like fiber, antioxidants, and essential vitamins and minerals.
TABLE OF CONTENT
1.1 Product Overview and Scope of Plant Based Protein Drink
1.2 Plant Based Protein Drink Segment by Type
1.2.1 Global Plant Based Protein Drink Market Value Comparison by Type (2023-2029)
1.2.2 Soy Protein Drink
1.2.3 Wheat Protein Drink
1.2.4 Pea Protein Drink
1.2.5 Oat Protein Drink
1.2.6 Others
1.3 Plant Based Protein Drink Segment by Application
1.3.1 Global Plant Based Protein Drink Market Value by Application: (2023-2029)
1.3.2 Supermarket
1.3.3 Convenience Stores
1.3.4 Online Sales
1.3.5 Others
1.4 Global Plant Based Protein Drink Market Size Estimates and Forecasts
1.4.1 Global Plant Based Protein Drink Revenue 2017-2032
1.4.2 Global Plant Based Protein Drink Sales 2017-2032
1.4.3 Global Plant Based Protein Drink Market Average Price (2017-2032)
1.5 Assumptions and Limitations
2 Plant Based Protein Drink Market Competition by Manufacturers
2.1 Global Plant Based Protein Drink Sales Market Share by Manufacturers (2017-2023)
2.2 Global Plant Based Protein Drink Revenue Market Share by Manufacturers (2017-2023)
2.3 Global Plant Based Protein Drink Average Price by Manufacturers (2017-2023)
2.4 Global Plant Based Protein Drink Industry Ranking 2021 VS 2022 VS 2023
2.5 Global Key Manufacturers of Plant Based Protein Drink, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Plant Based Protein Drink, Product Type & Application
2.7 Plant Based Protein Drink Market Competitive Situation and Trends
2.7.1 Plant Based Protein Drink Market Concentration Rate
2.7.2 The Global Top 5 and Top 10 Largest Plant Based Protein Drink Players Market Share by Revenue
2.7.3 Global Plant Based Protein Drink Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.8 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Plant Based Protein Drink Retrospective Market Scenario by Region
3.1 Global Plant Based Protein Drink Market Size by Region: 2018 Versus 2022 Versus 2029
3.2 Global Plant Based Protein Drink Global Plant Based Protein Drink Sales by Region: 2017-2032
3.2.1 Global Plant Based Protein Drink Sales by Region: 2017-2023
3.2.2 Global Plant Based Protein Drink Sales by Region: 2023-2032
3.3 Global Plant Based Protein Drink Global Plant Based Protein Drink Revenue by Region: 2017-2032
3.3.1 Global Plant Based Protein Drink Revenue by Region: 2017-2023
3.3.2 Global Plant Based Protein Drink Revenue by Region: 2023-2032
3.4 North America Plant Based Protein Drink Market Facts & Figures by Country
3.4.1 North America Plant Based Protein Drink Market Size by Country: 2018 VS 2023 VS 2032
3.4.2 North America Plant Based Protein Drink Sales by Country (2017-2032)
3.4.3 North America Plant Based Protein Drink Revenue by Country (2017-2032)
3.4.4 United States
3.4.5 Canada
3.5 Europe Plant Based Protein Drink Market Facts & Figures by Country
3.5.1 Europe Plant Based Protein Drink Market Size by Country: 2018 VS 2023 VS 2032
3.5.2 Europe Plant Based Protein Drink Sales by Country (2017-2032)
3.5.3 Europe Plant Based Protein Drink Revenue by Country (2017-2032)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Plant Based Protein Drink Market Facts & Figures by Country
3.6.1 Asia Pacific Plant Based Protein Drink Market Size by Country: 2018 VS 2023 VS 2032
3.6.2 Asia Pacific Plant Based Protein Drink Sales by Country (2017-2032)
3.6.3 Asia Pacific Plant Based Protein Drink Revenue by Country (2017-2032)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 China Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.7 Latin America Plant Based Protein Drink Market Facts & Figures by Country
3.7.1 Latin America Plant Based Protein Drink Market Size by Country: 2018 VS 2023 VS 2032
3.7.2 Latin America Plant Based Protein Drink Sales by Country (2017-2032)
3.7.3 Latin America Plant Based Protein Drink Revenue by Country (2017-2032)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Plant Based Protein Drink Market Facts & Figures by Country
3.8.1 Middle East and Africa Plant Based Protein Drink Market Size by Country: 2018 VS 2023 VS 2032
3.8.2 Middle East and Africa Plant Based Protein Drink Sales by Country (2017-2032)
3.8.3 Middle East and Africa Plant Based Protein Drink Revenue by Country (2017-2032)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Plant Based Protein Drink Sales by Type (2017-2032)
4.1.1 Global Plant Based Protein Drink Sales by Type (2017-2023)
4.1.2 Global Plant Based Protein Drink Sales by Type (2023-2032)
4.1.3 Global Plant Based Protein Drink Sales Market Share by Type (2017-2032)
4.2 Global Plant Based Protein Drink Revenue by Type (2017-2032)
4.2.1 Global Plant Based Protein Drink Revenue by Type (2017-2023)
4.2.2 Global Plant Based Protein Drink Revenue by Type (2023-2032)
4.2.3 Global Plant Based Protein Drink Revenue Market Share by Type (2017-2032)
4.3 Global Plant Based Protein Drink Price by Type (2017-2032)
5 Segment by Application
5.1 Global Plant Based Protein Drink Sales by Application (2017-2032)
5.1.1 Global Plant Based Protein Drink Sales by Application (2017-2023)
5.1.2 Global Plant Based Protein Drink Sales by Application (2023-2032)
5.1.3 Global Plant Based Protein Drink Sales Market Share by Application (2017-2032)
5.2 Global Plant Based Protein Drink Revenue by Application (2017-2032)
5.2.1 Global Plant Based Protein Drink Revenue by Application (2017-2023)
5.2.2 Global Plant Based Protein Drink Revenue by Application (2023-2032)
5.2.3 Global Plant Based Protein Drink Revenue Market Share by Application (2017-2032)
5.3 Global Plant Based Protein Drink Price by Application (2017-2032)
6 Key Companies Profiled
6.1 Nestle
6.1.1 Nestle Corporation Information
6.1.2 Nestle Description and Business Overview
6.1.3 Nestle Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.1.4 Nestle Plant Based Protein Drink Product Portfolio
6.1.5 Nestle Recent Developments/Updates
6.2 PepsiCo
6.2.1 PepsiCo Corporation Information
6.2.2 PepsiCo Description and Business Overview
6.2.3 PepsiCo Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.2.4 PepsiCo Plant Based Protein Drink Product Portfolio
6.2.5 PepsiCo Recent Developments/Updates
6.3 Tyson Food
6.3.1 Tyson Food Corporation Information
6.3.2 Tyson Food Description and Business Overview
6.3.3 Tyson Food Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.3.4 Tyson Food Plant Based Protein Drink Product Portfolio
6.3.5 Tyson Food Recent Developments/Updates
6.4 The Coca-Cola Company
6.4.1 The Coca-Cola Company Corporation Information
6.4.2 The Coca-Cola Company Description and Business Overview
6.4.3 The Coca-Cola Company Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.4.4 The Coca-Cola Company Plant Based Protein Drink Product Portfolio
6.4.5 The Coca-Cola Company Recent Developments/Updates
6.5 Kraft Heinz
6.5.1 Kraft Heinz Corporation Information
6.5.2 Kraft Heinz Description and Business Overview
6.5.3 Kraft Heinz Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.5.4 Kraft Heinz Plant Based Protein Drink Product Portfolio
6.5.5 Kraft Heinz Recent Developments/Updates
6.6 Mondelez International
6.6.1 Mondelez International Corporation Information
6.6.2 Mondelez International Description and Business Overview
6.6.3 Mondelez International Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.6.4 Mondelez International Plant Based Protein Drink Product Portfolio
6.6.5 Mondelez International Recent Developments/Updates
6.7 Danone
6.6.1 Danone Corporation Information
6.6.2 Danone Description and Business Overview
6.6.3 Danone Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.4.4 Danone Plant Based Protein Drink Product Portfolio
6.7.5 Danone Recent Developments/Updates
6.8 Yili
6.8.1 Yili Corporation Information
6.8.2 Yili Description and Business Overview
6.8.3 Yili Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.8.4 Yili Plant Based Protein Drink Product Portfolio
6.8.5 Yili Recent Developments/Updates
6.9 Mengniu
6.9.1 Mengniu Corporation Information
6.9.2 Mengniu Description and Business Overview
6.9.3 Mengniu Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.9.4 Mengniu Plant Based Protein Drink Product Portfolio
6.9.5 Mengniu Recent Developments/Updates
6.10 Meiji
6.10.1 Meiji Corporation Information
6.10.2 Meiji Description and Business Overview
6.10.3 Meiji Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.10.4 Meiji Plant Based Protein Drink Product Portfolio
6.10.5 Meiji Recent Developments/Updates
6.11 Oatly Group AB
6.11.1 Oatly Group AB Corporation Information
6.11.2 Oatly Group AB Plant Based Protein Drink Description and Business Overview
6.11.3 Oatly Group AB Plant Based Protein Drink Sales, Revenue and Gross Margin (2017-2023)
6.11.4 Oatly Group AB Plant Based Protein Drink Product Portfolio
6.11.5 Oatly Group AB Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Plant Based Protein Drink Industry Chain Analysis
7.2 Plant Based Protein Drink Key Raw Materials
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Plant Based Protein Drink Production Mode & Process
7.4 Plant Based Protein Drink Sales and Marketing
7.4.1 Plant Based Protein Drink Sales Channels
7.4.2 Plant Based Protein Drink Distributors
7.5 Plant Based Protein Drink Customers
8 Plant Based Protein Drink Market Dynamics
8.1 Plant Based Protein Drink Industry Trends
8.2 Plant Based Protein Drink Market Drivers
8.3 Plant Based Protein Drink Market Challenges
8.4 Plant Based Protein Drink Market Restraints
9 Research Finding and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
PepsiCo
Tyson Food
The Coca-Cola Company
Kraft Heinz
Mondelez International
Danone
Yili
Mengniu
Meiji
Oatly Group AB
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