Published by Wanda Rich
Posted on March 20, 2025
Rising Acceptance of Plant-based Diets as Healthier Option than Dairy Products Generating Revenue: Fact.MR Report
Fact.MR, a market research and competitive intelligence provider, through its new market analysis, mentioned that revenue from the plant-based beverage market is approximated to reach US$ 353.29 billion in 2024 and advance at a digit CAGR of 6.1% through 2034.
Growing health concerns about issues such as lactose intolerance, cholesterol control, and digestive disorders are driving up demand for plant-based beverages among consumers. Plant-based diets are thought to be healthier than dairy products, which is another factor driving market demand. Non-dairy alternatives are gaining prominence as flexitarian and vegan diets become more popular. The reforms are motivated by health, ethical, and environmental concerns. As consumers are becoming more aware of the environmental effects of animal agriculture, such as water use and greenhouse gas emissions, they are choosing ecologically friendly products such as plant-based beverages. The flavor, texture, and nutritional value of plant-based beverages are improved by manufacturers with innovative approaches.
Key Takeaways from the Market Study:
“Consumer access to plant-based beverages is growing as a result of their growing retail presence and strong distribution networks, which is increasing the market size,”says a Fact.MR analyst.
Contemporary Plant-Based Movement Building Strong Foundation for Dairy-free Beverages in China
Several food items in China have long incorporated soy milk, which gives the market of plant-based beverages a strong foundation. The modern plant-based movement is expanding on this legacy by providing a wider range of non-dairy beverage options and inventive creations such as flavored or fortified soy milk. A sizable portion of the population in the country is lactose intolerant, which increases the need for plant-based, lactose-free alternatives to traditional dairy milk.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=10408
Manufacturers Innovate to Enhance Flavor, Texture, and Nutrition in Plant-Based Beverages
The demand for plant-based beverages is rising as consumers become more conscious of health issues such as digestive concerns, cholesterol management, and lactose intolerance. A growing perception that plant-based alternatives are healthier than traditional dairy products is further fueling this trend. Additionally, the increasing popularity of flexitarian and vegan diets is driving the shift toward non-dairy substitutes.
Health, ethical, and environmental factors are playing a significant role in this transformation. With rising awareness about the environmental impact of animal agriculture, including greenhouse gas emissions and water consumption, many consumers are opting for more sustainable choices, such as plant-based beverages.
In response, manufacturers are introducing innovative solutions to enhance the nutritional profile, taste, and texture of these beverages. The market is expanding with the launch of new varieties, including fortified options enriched with essential vitamins and minerals. Additionally, companies are investing in eco-friendly packaging and sustainable sourcing practices to attract environmentally conscious consumers.
Challenges: Consumer Preference for Dairy and Taste Perception
Despite the growing demand for plant-based alternatives, traditional dairy milk remains the preferred choice for many consumers. Dairy farmers continue to market their products aggressively, creating strong competition for plant-based brands. Conflicting information about the nutritional benefits and drawbacks of vegan beverages has also led to confusion and skepticism among consumers.
Taste and texture remain significant challenges for plant-based drinks. Some alternatives may have an aftertaste or a flavor profile that consumers find unfamiliar or unappealing. Achieving the same creamy consistency as cow’s milk is particularly difficult, especially for options like rice or almond milk, which tend to be thinner. This issue becomes even more noticeable when these beverages are used in coffee or cooking, where the texture may not be as satisfying.
As the plant-based beverage market continues to evolve, manufacturers are working to overcome these hurdles by improving formulations and refining processing techniques. By addressing taste and texture concerns while maintaining nutritional integrity, the industry aims to make plant-based drinks more appealing to a wider audience.
Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=S&rep_id=10408
Key Market Players:
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the plant-based beveragemarket for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges the plant-based beverage market based on source (RTD drinks, dairy alternatives, plant-based juices), format (flavor, regular drinks), nature (conventional, organic), function (cardiovascular health, cancer prevention, bone health, lactose-free alternative), and packaging (plastic bottles, pouches, glass bottles, cans, carton packaging), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Explore More Studies Published by Fact.MR Research:
Insoluble Fiber Market is projected to reach a value of US$ 2.9 billion in 2024 and further expand at a CAGR of 9.2% to end up at US$ 6.98 billion by 2034.
Quinoa Market is estimated at US$ 1 billion in 2024, as reported in an updated Fact.MR research report. The global quinoa market has been projected to expand at a CAGR of 10.7% and reach a value of US$ 2.78 billion by the end of 2034.
Food Culture Market Worldwide turnover from the food culture market is projected to reach US$ 43.67 billion in 2024 and has been forecasted to increase at a CAGR of 5.6% and climb to US$ 75.27 billion by the end of 2034.
Gummy Vitamin Market is projected to generate revenue of US$ 4.36 billion in 2024 and climb to a value of US$ 7.18 billion by the end of 2034. The market has been forecasted to expand at 5.1% CAGR from 2024 to 2034.
Plant-based Dairy Market is forecasted to reach a valuation of US$ 14.7 billion in 2024 to US$ 36.69 billion by the end of 2034, according to an updated research report published by Fact.MR. Demand for plant-based dairy products is forecasted to increase at 9.6% CAGR between 2024 and 2034.
Faba Bean Protein Market is projected to increase from a valuation of US$ 61.5 million in 2024 to US$ 92.8 million by 2034.
Liquid Jaggery Market is evaluated to reach a valuation of US$ 570.4 million in 2024 and further expand at a CAGR of 4.7% to end up at US$ 902.9 million by the year 2034.
Sports Nutrition Market is projected to increase from US$ 25.23 billion in 2024 to US$ 63.09 billion by the end of 2034. According to this updated study released by Fact.MR, demand is forecasted to increase at a notable CAGR of 9.6% between 2024 and 2034.
Explore more articles in the Research Reports category
