Plant Based Beverages Market

Global Plant Based Beverages Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Rising demand for organic beverages, increasing awareness regarding the health benefits of consuming plant-based beverages and growing social media marketing of plant-based beverages are some of the driving factors for expansion of the Global Plant Based Beverages Market.

Global Plant Based Beverages Market is valued at USD 25.06 Billion in 2021 and expected to reach USD 67.62 Billion by 2028 with a CAGR of 14.32% over the forecast period.

Scope of Global Plant Based Beverages Market Report-

Plant-based beverages, also known as ""plant-based milk"" or ""plant milk,"" are created by extracting plant material from water. Plant-based beverages are those drinks that can be used as a substitute for dairy products. These beverages are derived from plants and are considered a healthy alternative to dairy plant-based beverages. And vegan beverages are manufactured by extracting plant material, such as seeds or grain, from water. Plant-based beverages refer to various food products made from natural plant-sourced ingredients. There are different types of plant-based beverages. They are as follows- Coffee, Fermented Drink, Health Drinks, Juices, Tea, Vegan Milk Products, and others. A vast movement toward vegan drinks is being driven by consumer choices for health, ethics, and sustainability. Food sensitivities, allergies, and intolerances affect a significant portion of the population all over the world. Plant-based substitutes help those who can't consume dairy to maintain their regular eating patterns. Regular consumption can help reduce the risk of cardiovascular benefits, protect against Parkinson’s disease, reduce the risk of rheumatoid arthritis, protect against diabetes, improve bone density, and lower cancer risks.

The health concerns have been increased during the COVID-19 due to which the consumption of plant-based beverages taken a positive grip. This is anticipated to have an impeccable impact on the global plant-based beverages market. Consumer demand for nutritional values such as low calories, high proteins, and vitamins has witnessed a substantial rise during the COVID-19 pandemic. Owing to this, a huge consumer base across the globe has been shifting to plant-based beverages. For example, in May 2021, according to a survey by The Department of Health and Social Care, it revealed one in four Brits had reduced the amount of animal products they have been consuming since the start of the Covid-19 pandemic. One in five (20%) people said they had minimized the amount of meat they were eating, while 12% said they had reduced their eggs and dairy intake. Moreover, the popularity of the vegan diet has increased due to COVID-19 as consumers have been increasingly adopting plant-based food products, further boosting the sales of plant-based beverages across the globe. Therefore, the Covid-19 pandemic shows a positive impact on the global plant-based beverages market.

Key Players of Global Plant Based Beverages Market Report-

• THE COCA COLA COMPANY
• DANONE SA
• Califia Farms LLC.
• Vitasoy International Holdings Limited
• Blue Diamond Growers
• The HAIN CELESTIAL group
• SunOpta Grains and Foods Inc.
• Want Want China Holdings Limited
• Amy's Kitchen
• Kikkoman Corporation
• and others.
• Califia Farms LLC.
• KUKA COFFEE LTD
• Amazon Technologies
• Inc.
• HERO AG
• STARBUCKS CORPORATION
• KOPI
• Bettys & Taylors Group Limited
• SOCIETE DES PRODUCTS NESTLE S.A.
• Corso Italia Ltd
• EAT WHOLESOME LTD
• Mizkan Euro Ltd.
• SDN Beteiligungs GmbH
• FRESHLY FERMENTED LTD
• Lawrence Stuart Mallinson
• Joe Marson
• Ed's Trading Limited
• WINDMILL ORGANICS LIMITED
• Eager Drinks
• Lawrence Stuart Mallinson
• Joe Marson
• Ed's Trading Limited
• LOOV ORGANIC OÜ
• A.Vogel
• TERRA ORGANICA LIMITED
• Aspall Cyder Limited
• Ripple Foods
• Pulmuone Foods USA
• Inc.
• Troll Bridge Creek
• Pepsi Co.
• CSC BRANDS
• L.P. and BORGES INTERNATIONAL GROUP
• S.L. etc.
• and others.

Global Plant Based Beverages Market Segmentation

The global plant-based beverages market is segmented based on the type, source, distribution channel, and region & country level. Plant-based beverages refer to several food products made from natural plant-sourced ingredients. Based on type, the global plant-based beverages market is segmented into coffee, fermented drink, health drinks, juices, tea, vegan milk products, and others. The coffee market is sub segmented into Arabica, Robusta, Excelsa, Liberica, and others. Fermented drink is sub segmented into fermented wine and others. The tea market is sub segmented into white tea, green tea, yellow tea, dark tea (or post-fermented tea), and others. The vegan milk products market is sub segmented into soya milk, almond milk, coconut milk, oat milk, rice milk, cashew milk, hemp milk, quinoa milk, macadamia milk, and others. Based on source, the plant-based beverages market is segmented into almond protein, soy protein, wheat protein, pea protein, rice protein, and others. By distribution channel, the global plant-based beverages market is segmented into online stores, supermarkets & hypermarkets, convenience stores, department stores, cash and carries & warehouse clubs, pharmacies & drug stores, food & drinks specialists, vending machines, on trade, others.

By Type:

• Beverages 
  • Coffee 
    • Arabica 
    • Robusta 
    • Excelsa 
    • Liberica 
    • Others

Fermented Drink

• Wine fermented 
• others  

• Health Drinks  
• Juices 

• Tea  
  • White Tea 
  • Green Tea  
  • Yellow Tea  
  • Oolong Tea 
  • Black Tea 
  • Dark Tea (or Post-Fermented Tea)  
  • Others

• Vegan Milk products 
  • Soya milk  
  • Almond milk  
  • Coconut milk
  • Oat milk 
  • Rice milk 
  • Cashew milk 
  • Hemp milk
  • Quinoa Milk 
  • Macadamia Milk 
  • Others   
• Other

By Source

• Almond Protein
• Soy Protein
• Wheat Protein
• Pea Protein
• Rice Protein
• Others 

By Distribution Channel: 

• Online Stores  
• Supermarkets & Hypermarkets 
• Convenience Stores 
• Department stores 
• Cash and Carries & Warehouse Clubs 
• Drug stores & Pharmacies 
• Food & Drinks specialists 
• Vending machines 
• On Trade  
• Others 

Trademark Owner and Umbrella Brand Analysis: 

Trademark Owner	Umbrella Brand
THE COCA COLA COMPANY	‎Coca-Cola
DANONE SA	Danone
Kikkoman Corporation	‎Kikkoman
Want Want China Holdings Limited	WANT
The HAIN CELESTIAL group, Inc.	Celestial Seasonings
Blue Diamond Growers	Blue Diamond Almonds
Vitasoy International Holdings Limited	Vitasoy
SunOpta Grains and Foods Inc.	Dream Blends
Amy's Kitchen, Inc.	Amy's
Califia Farms LLC.	Califia Farms
KUKA COFFEE LTD	KUKA COFFEE
Amazon Technologies, Inc	Solimo
HERO AG	Solo Coffee
STARBUCKS CORPORATION	STARBUCKS
KOPI	Cafédirect
Bettys & Taylors Group Limited	Taylors of Harrogate
SOCIETE DES PRODUCTS NESTLE S.A.	NESCAFÉ
Corso Italia Ltd	Black Donkey
EAT WHOLESOME LTD	Eat Wholesome Food Co.
Mizkan Euro Ltd.	OSU
SDN Beteiligungs GmbH	BioFood
FRESHLY FERMENTED LTD	Freshly Fermented
Lawrence Stuart Mallinson	James White
Neuner's Gesundheit & Wellness GmbH	NEUNER'S
Ed's Trading Limited	Eager
LOOV ORGANIC OÜ	LOOV
WINDMILL ORGANICS LIMITED	Biona
Pukka Herbs Ltd	Pukka Herbs
Eager Drinks	Eager
Good Earth Corporation	Good Earth
Lechler S.p.A.	Clipper
Teapigs Limited	Tea Pigs
Venture Foods (UK) Limited	Herba Organica
Scott Markham	Rokit
A.Vogel	Biotta
Nutra Tea Ltd	Nutra Tea
CAPACITEA LTD	CAPACITEA
Joe Marson	Dr.Blend
Newby Teas Overseas Pvt Ltd	Newby Teas UK
TERRA ORGANICA LIMITED	Terra Organica
Aspall Cyder Limited	Aspall

 

Journal Food Research International: Plant-Based Drinks for Vegetarian or Vegan Toddlers: Nutritional Evaluation of Commercial Products, And Review of Health Benefits and Potential Concerns

In October 2022- According to authors D. Escobar-Saeza, L.Montero-Jiménezb, P.García-Herrerab, and M.C.Sanchez-Matab of Journal Food Research International, this study focuses on the nutritional assessment of various commercially available plant-based drinks. It is used to determine their adequacy as alternatives to ruminant milk, in relation to the nutritional requirements of toddlers (1–3 years old). And to establish whether other sources of nutrient supplementation may be necessary, as well as any other possible positive and/or negative health effects associated with their consumption. A sample of 179 commercial plant-based drinks were almond, coconut, hemp, oat, rice, soy, tigernut were chosen and their nutrient contents were compared to the EFSA (The European Food Safety Authority) nutrient reference values for toddlers. The scientific literature on the presence of bioactive and undesirable compounds was reviewed. Vitamins A, B12, D and calcium are easily found in many commercial plant-based drinks.

Journal Innovative Food Science & Emerging Technologies: Plant-Based Beverages: Eco-friendly Technologies in The Production Process

In July 2021- According to authors Camila Penha, Paula Speranza, and Louise Kurozawa of Journal Innovative Food Science & Emerging Technologies - Plant-based beverages are the main alternatives for cow's milk and for people who have dietary restrictions. And they are either for health reasons or preference for plant foods. Soymilk has been the most consumed milk substitute; however, production from other plant sources such as rice, nuts, almonds, grains, and seeds are expected to increase in the coming years. Due to the growing popularity of these products, their global market share has seen an increase in growth and development. However, the use of these plant sources to produce milk alternatives has numerous limitations. This review provides an overview of some eco-friendly technologies reported in the literature. These contain ultrasound, ultra-high-pressure homogenization, enzymatic processes, and fermentation. And, for how they may be applied to the traditional processing of plant-based beverages. These technologies are estimated to have the potential to improve efficiency, as well as increase the nutritional, sensory, and functional properties of the beverages.

Recent Development:

India’s Goodmylk Acquires Plant-Based Nutrition Brand PRO2FIT

On 8th March 2022- Goodmylk, the plant-based dairy company, acquired nutrition brand PRO2FIT in one of the first M&As in India’s rising plant-based sector. PRO2FIT generate plant-based nutrition foods such as vegan protein powder and retails across India. Goodmylk, which raised by US$ 1 million in a seed round extension last year, has been at the frontline of the plant-based movement in India, with the acquisition of PRO2FIT signifying maturity in the developing Indian alt protein sector. This both brands saw synergies in their missions to make plant-based food and nutrition accessible to all.

LoveRaw Launches Vegan Caramelised Biscuit Cre&m Wafer

On 3rd August 2022, LoveRaw launched the brand’s Nutty Choc Balls, which saw almost a quarter of a million vegan Ferrero Rocher-style treats purchased in only three weeks. LoveRaw launched its latest NPD, the Caramelised Biscuit Cre&m Wafer. The new product was a variant of LoveRaw’s existing crispy wafer, this time filled with a biscuit cream with a caramel layer and crunchy biscuit crumb. The bar has been available in Asda stores nationwide from this week with further listings in Holland & Barrett, SPAR, and more than 100 WHSmith travel stores. The taste and quality of LoveRaw is as good as, or better than, conventional chocolate.

PepsiCo Targets Early 2022 To Roll out Products from Joint Venture with Beyond Meat

On 26th January 2021- PepsiCo released new plant-based snacks and drinks made through its joint venture with Beyond Meat in 2022. Beyond & Pepsi announced the joint venture, called The Planet Partnership, in January. And Pepsi announced a new initiative called “Pep+” that is meant to change the company’s operations, with sustainability as the focal point.

SunOpta Announces Acquisition of Plant-Based Brands Dream and WestSoy

On 15th April 2021- SunOpta was announced the acquisition of the Dream and WestSoy plant-based beverage brands from The Hain Celestial Group, Inc. However, SunOpta is a leading healthy food & beverage company specializing in the sourcing, processing and production of organic, natural & non-GMO plant-based and fruit-based food and beverage products. The WestSoy brand is the only branded shelf stable soy beverage with a USDA organic certification & the American Heart Association certification of a heart-healthy product. Obtainable at many leading national retailers, SunOpta also produced the entire WestSoy product portfolio.

Henderson’s Relish Launches Spicy Vegan Soy & Potato Snacks

On 3rd August 2022 - Much-loved sauce brand Henderson’s Relish, established in the north of England, and it launched bagged snacks prepared from soy and potato. Hendo’s said, the snacks have the spicy flavour of Henderson’s Relish and are compliant with the UK’s new HFSS (high in fat, sugar, and salt) regulations. This means they were not face marketing limitations when the regulations are introduced in October. The snacks are gluten-free and proper for vegetarians and vegans.

Research History Analysis:

In the 17th century, described its traditional use in Chinese cooking. Soya milk was first discussed as a drink by Frenchman Paul Champion, in 1866. And he wrote about the Chinese taking their cups to tofu shops to get hot soya milk, which they drank for breakfast. The term 'vegan' was first coined by Donald Watson from the first and last parts of the word vegetarian & founded the UK Vegan Society. He became a vegetarian in the year 1924, aged 14 and then-future wife Dorothy Morgan in 1944. Future, interest in veganism increased significantly in the 2010s.

Journal Food Science and Technology: Evaluation of Chickpea as Alternative To Soy in Plant-Based Beverages, Fresh and Fermented

In November 2018 - According to scientists Shi Wang, Venkata Chelikani, and Luca Serventi of the Journal Food Science and Technology, A plant-based beverage made with garbanzo chickpeas was developed. Paralleled to soymilk, the chickpea beverage contained lower amounts of protein (1.21 vs. 2.09 g/100 g), fat (0.34 vs. 0.74 g/100 g) and sugar (0.24 vs. 0.33 g/100 g), due to higher starch content (2.08 vs. 0.14 g/100 g). Sensory analysis revealed that the fresh chickpea beverage was as standard as the soy one. On the contrary, the fermented chickpea beverage received lesser ratings than the soy one for appearance. This study showed that chickpea can be a promising substitute to soy in the development of a fresh plant-based beverage, while optimization is required to apply it in a fermented beverage. From the above fact, the fresh chickpea beverage showed potential as substitute of soy milk for nutritional and organoleptic quality. The fresh chickpea beverage contained less fat & protein, but more carbohydrates than soymilk. Ferment ability was comparable to that of soymilk. Further developments are required to minimize syneresis of the fermented chickpea beverage and evaluate micronutrients and phytochemicals.

Rising Demand for Organic Beverages, Increasing Awareness Regarding the Health Benefits of Consuming Plant-Based Beverages and Growing Social Media Marketing of Plant-Based Beverages are some of the Major Dynamics Driving the Growth of the Global Plant Based Beverages Market

Growing demand for vegan protein drinks is one of the foremost factors propelling the growth of the plant-based beverages market. This has resulted in the investment in research and development activities by the prominent players in the market. These activities are anticipated to drive invention to give a competitive edge to the company. Invention of unique and cost-effective sources of plant protein beverages and various ingredients, such as soybean milk or coconut milk in these drinks is likely to grow the global plant-based protein beverages market in the years to arise. For example, in November 2019, the nutrition and natural health division of Archer Daniels Midland Company, ADM Human Nutrition, launched its very first plant-based protein beverage in Thailand. The beverage comes with a mocha flavour to go with its strategy of expansion in Thailand and offering plant-based drinks and meat alternatives. For instance, on 1st February 2021, London-based plant milk brand Minor Figures has launched a range of barista-quality canned coffee and tea drinks. It’s the company’s first new product launched in the US. The 4 drinks in the range are Latte, Matcha latte, Chai latte and Mocha. All 4 drinks are made with Minor Figures oat milk. According to the company, its milk is ideal for tea & coffee because it doesn’t split. The brand has been increasing 30 times faster than the shelf-stable plant-based milk category in the US. These growing demand for vegan protein drinks is generating the huge revenue in the global plant-based beverages market.

In addition, the increasing awareness regarding the health benefits is another factor significantly impacting the sales of the market globally. The trend of fitness & health is gaining momentum with the augmented prevalence of lifestyle diseases & obesity. The people are directing the betterment of their quality of life and health through the implementation of healthy dietary habits. Vegan beverages tend to be rich in nutrients and low in saturated fats, and they can improve heart health, protect against cancer, and lower the risk of type 2 diabetes. For instance, on November 1st, 2021, US sports nutrition beverage brand Barcode launched a plant-based coconut water hydration drink for athletes. Its hyper-minimalist design emphasises a large barcode on the front label to inspire product interactivity and consumer education. The Watermelon and Lemon Lime Barcode drinks are sweetened with monk fruit and rich in rhodiola, shiitake, and cordyceps adaptogens, magnesium, B vitamins, and vitamin D. On 17th June 2022, according to the British Dietetic Association, UK adults are recommended to get around 10% of their energy consumption from protein. As per the National Diet and Nutrition Survey data, current intakes are almost 17.5–17.7% of energy. Health consciousness among the consumers is enabling to adopt plant-based beverages due to its outstanding benefits. This in turn driving the growth of global plant-based beverages market worldwide.  

However, adverse effects of vegan beverages such as lack of iron, increased risk of developing an eating disorder, and vitamin B12 deficiency are expected to hamper the growth of the market over the forecast period. For example, lack of iron causes anemia, and in 2019, global anaemia prevalence was around 39.8% (95% UI 36.0%, 43.8%) in children aged 6–59 months, equivalent to around 269 million children with anaemia. The occurrence of anaemia in children under five was highest in the African Region, at nearly 60.2% (95% UI, 56.6%, 63.7%). For instance, according to the National Institute of Health, about 6% of the adult population that is younger than 60 years has Vitamin B12 deficiency in the US & UK, but the rate is nearer to 20% for those who are older than 60 years. 

Despite that, rising demand for organic food and a growing number of advancements in this field may create more opportunities in the global plant-based beverages market. For example, in 2021, according to the Good Food Institute, it is found that around 82% of consumers in the US have tried plant-based milk, over 40% have tried other vegan dairy alternatives, around 62% have tried plant-based meats, and more than 22% have tried vegan egg replacements. According to the data presented above, the market for plant-based beverages is expanding at a rapid pace. All these factors will generate plethora of opportunities in the forthcoming years. 

Market Positioning Analysis: Top 10 companies’ product analysis- 

Danone SA - Danone SA is engaged in producing, developing, and selling food products and beverages. The company drives over four business segments, such as essential dairy and plant-based products, specialized nutrition, and waters. Over a network of 530 research & innovation specialists in around 40 countries, the company sold its products across 120 countries. The company offers plant-based beverages through its essential plant-based products, which are responsible for the increasing demand for consumers. 

Califia Farms - The company was founded in 2010 by beverage visionary, Greg Steltenpohl, in partnership with a farmer's co-op based in the San Joaquin Valley, Califia Farms is a uniquely California company. Its Bakersfield, Calif., manufacturing plant is powered by renewable energy and re-purposes more than 90% of its post-production byproducts. Califia Farms produces plant-based dairy products (primarily almond-based), such as plant-based milks, plant-based creamers, juices, and dairy-free probiotic yoghurts. 

Vitasoy International Holdings Limited – Vitasoy International Holdings Ltd. (Vitasoy) is a producer, marketer, and distributor of soy-based food products and beverages. Vitasoy is a Hong Kong beverage company. It was founded in 1940; it now operates under the name Vitasoy International Holdings Limited. It hosts a brand of desserts and beverages named Vita. The company's product portfolio includes soy milk, juice, tea, tofu, and plant milk. It also operates cooking businesses and tuck shops. Its headquarters are in Tuen Mun, New Territories, and Hong Kong. 

Blue Diamond Growers – The company was founded in 1910 (as the California Almond Grower's Exchange). Owned by Blue Diamond Growers (a co-op of almond growers), Almond Breeze is best known for its almond milk, which is now sold in over 100 countries, from Mexico and Brazil to Thailand, while it has recently branched out into other plant-based products, including yoghurts and creamers.  The Blue Diamond Growers is a California-based cooperative of over 3,000 almond growers. Formed over 100 years ago as a grower-owned cooperative, Blue Diamond is among the world's biggest almond handlers and a market leader in the processing and marketing of California almonds. 

The HAIN CELESTIAL group, Inc. – The Hain Celestial Group, Inc. is engaged in producing, distributing, marketing, and selling foodstuffs, personal care products, and meat alternative products. The company offers plant-based products through numerous brands such as The Lima, Linda, Natumi, Joya, WestSoy, Dream, Yves Veggie Cuisins, and Formation. With the various manufacturing facilities in Europe and North America, the company has a geographic presence in more than 70 countries. However, consumer demand for vegan beverages is increasing, and as a result, the plant-based beverage market is expanding. 

SunOpta Grains and Foods Inc. – SunOpta, Inc. is a multi-national food and mineral company. It’s headquartered in Eden Prairie, Minnesota, and was founded in 1973 in Canada. Sunopta Company is headquartered in Eden Prairie, Minnesota. Plant-based beverages include soymilk, oat milk, almond milk, and broth, among others. The company manufactures these shelf-stable beverages for retailers as well as branded food companies. The company specializes in the processing, sourcing, and packaging of natural and organic food products, ranging from seed to packaged products. 

Want Want China Holdings Limited – Want Want China Holdings Limited was founded in 1962, and it started with I Lan Foods Industrial Co., Ltd. The "Want Want" brand was created in Taiwan in 1983. In the early 90s, it ventured into mainland China and invested in factories. After many years of development, the group now has a presence in over 63 countries and regions in Asia, North America, Africa, Central and South America, Oceania, and Europe. Want Want China Holdings Ltd (Want Want) is a beverage and food product manufacturer. The company is involved in producing, distributing, and marketing rice crackers, dairy products, beverages, snack foods, and other related products. 

Kikkoman Corporation – Founded contemporarily in 1917, through the merger of eight family-owned companies, Kikkoman is based in Noda, Chiba Prefecture, Japan. Those companies were founded as early as 1603 through the Mogi and Takanashi families. Kikkoman was previously known as the "Noda Shoyu Corporation" earlier 1940, when they adopted a single nationwide brand name. West Japanese-style soy sauce, called shoyu, has been a well-known condiment for above 300 years. Kikkoman is the largest shoyu manufacturing company in the world, and it is the one most liable for introducing shoyu to the West. Kikkoman Corporation is a Japanese diet manufacturer. Its main products and services contain soy sauce, food seasoning and flavoring, mirin, shochu, and sake, juice and other beverages, pharmaceuticals, and restaurant management services. The company Kikkoman's fundamental mission is to produce higher quality products and services in an efficient, safe and hygienic manner. 

THE COCA COLA COMPANY - The Coca-Cola Company is an entire beverage company, offering more than 500 brands in more than 200 countries and territories. In addition to the company’s Coca-Cola brands, this portfolio encloses some of the world’s most valuable beverage brands. These are AdeS soy-based beverages, Dasani waters, Ayataka green tea, Del Valle juices and nectars, Fanta, Georgia coffee, Gold Peak teas and coffees, Honest Tea, innocent smoothies and juices, PowerAde sports drinks, Minute Maid juices, Simply juices, Sprite, smart water, vitamin water, and ZICO coconut water. 

Patent Analysis: 

Ready-To-Drink Plant Protein Beverage Product and Methods for Making Same 

On October 20th, 2020, according to inventors Cosmin Beliciu, Douglas Bolster, Jaydeepsinh Chauhan, Shellen Goltz, Alison Kamil, Catalin Moraru, Ricardo Pereyra, and Malcond Valladares, the main objective of the invention is to introduce ready-to-drink plant protein beverage products and methods for making them equal. Ready-to-drink beverages comprise a significant amount of complete protein per 8 fluidounces serving, the proteins derived from a plant protein blend comprising a whole grain protein, a legume protein, and a dairy or wheat protein. Other components added contain a flavor component, a sweetening component, hydrocolloids, and optionally maltodextrin to produce a ready-to-drink beverage with no visible sedimentation and the best taste and mouth feel. The components are subjected to a high-temperature treatment step, and it is followed by a homogenizing step. From this invention, it is concluded that its formulations provide a source of extraordinary quality and that it is a complete protein. 

Recent Patent Applications in Beverages Enriched with Plant Proteins  

On November 1st, 2021- According to Inventor Clara Takayama Arbach, Izabel Almeida Alves, Mairim Russo Serafini, Rodrigo Stephani, Italo Tuler Perrone & Juliana de Carvalho da Costa, of Journal npj Science of Food – From this invention recently, many consumers have been adding plant-based beverages to their diets, due to dissimilar reasons. The addition of plant proteins to enhance these products to make them more nutritionally balanced has become a trend, mainly because of their lower prices and reduced environmental damage. Thus, the purposes of the current patent review are to invent the potential of, and challenges posed by, plant proteins to the beverage industry, as well as to check market trends, focused on raw materials and beverage varieties. Based on the results, pea, rapeseed, peanut, beans, chickpea, lentil, hempseed, sunflower seed, and cottonseed were among the most often addressed raw materials. Moreover, this enrichment process is not limited to creating products that mimic dairy; hence, expansion in plant proteins is used to enrich carbonated beverages, sports drinks, or even juices. Therefore, plant-derived proteins have been promising for high-quality beverage production, as well as to ensure food security, animal welfare, and small environmental impacts. 

Regional Analysis of Global Plant Based Beverages Market 

Asia-Pacific is accounting major shares in the global plant-based beverages market due to increasing consumer awareness of the importance of protein-rich diets, growing R&D investments by governments in the food sector, and increasing advancements in the food and beverage industry in this region. For instance, in December 2020, Nestlé launched its new range of plant-based meat in the country under its Harvest Gourmet brand. The range contains plant-based ‘sausages,’ ‘burgers’, ‘mince,’ and ‘nuggets,’ as well as meatless substitutes for dishes like Kung Pao chicken, pork belly, spicy wok, and braised meatballs. For example, in February 2021, Burger King Korea introduced two new plant-based versions of its famous Whopper range, collaborating with Australian food tech brand v2food. The conventional beef burgers were replaced with an animal-free soy-based patty. This shows that there is an increasing demand for plant-based beverages in the South Korean market. 

Geographically, North America is second dominating region in the global plant-based beverages market within the forecast period due to the increasing prevalence of chronic disease, increasing awareness of animal cruelty, and an increasing number of product launches and partnerships in the beverage industry in this region. For example, in April 2020, Daiya Foods, which is among the founding members of The Plant-Based Foods Association of the United States and Canada, launched a wide range of innovative plant-based food products, including a pizza crust prepared with spinach, cauliflower, and sweet potato. For instance, in January 2020, Nestlé partnered with Winnipeg’s Functional Foods and Vancouver’s Burcon NutraScience to develop meat and dairy substitutes with a favorable environmental footprint. All aforementioned factors are enabling the North America region to become held second dominating region in the market. 

Due to the growing trend of vegetarianism and veganism in the food market, Europe occupies the third position in the global plant-based food market. Due to increasing awareness of health, environmental concerns, compassion for animals and therefore, growing demand for plant-based foods is increasing. For example, in January 2021, PepsiCo Inc. and Beyond Meat Inc. entered a partnership to form a joint venture, The PLANeT Partnership LLC, to develop food and beverages prepared from plant extracts. Also, in February 2021, Oatly launched a wide-scale ad campaign in the country to introduce viewers to its top-selling products, in a bid to increase awareness of cruelty-free, plant-based food options. These improvements show that the market for plant-based food and beverages in the region will immensely progress in the coming period.