The plant-based drinks market will expand by 6.6% until 2033

The market is currently estimated to be US$ 351,700 in size and its valuation is expected to reach US$ 668,900.

The market for plant-based drinks is growing and it is expected to continue to do so over the coming years. This information appears in the study conducted by Future Market Insights, which predicts market growth totalling 6.6% until 2033. Reporting a clearly positive trend, the report highlights that the market’s valuation will increase from the current figure of US$ 351,700 to US$ 668,900.

The study by AECOC Shopperview in partnership with ALPRO confirms this trend of the consumption intentions of the respondents (end consumers) and underlines that 42% of them anticipate an increase in their demand for plant-based drinks. If we go by age groups, it should be pointed out that consumers aged between 18 and 24 and between 35 and 44 have increased their consumption of these drinks the most over the past year.

The increase in the consumption of plant-based milk will boost markets such as China, Japan and the USA. 

Consumers are displaying increasing interest in incorporating healthier and more sustainable options into their daily diet, which is why, according to the Future Market Insights study, markets such as China, Japan and the USA will promote the consumption of plant-based drinks, given the awareness of the need to avoid the consumption of fats and sugars.

According to the National Institute of Diabetes and Digestive and Kidney Diseases, it is estimated that approximately 65% of the world’s population suffers from lactose intolerance. This figure also indicates broad market potential. 

The two studies not only provide valuable insights into the current trends in the plant-based drinks market, they also point to a promising future for this constantly expanding segment of the food industry. They also emphasise the growing awareness of the health-related and environmental benefits of plant-based drinks.