Vegan Drink Mixes Market Insights by Growth, Emerging Trends and Forecast by 2016-2030

The global Vegan Drink Mixes market size was valued at USD 24.45 billion in 2022 and will expand further at a CAGR of 12.5% over the forecast period. In general, animal products and byproducts of any type are not used in the preparation of vegan drink mixes.

A significant movement toward plant-based beverages is being brought on by growing consumer propensity for sustainability, ethics, and health. Numerous advantages of plant-based diets are enticing people to switch to plant-based substitutes, which includes plant-based beverages. The market for plant-based beverages is being positively impacted by these more general factors.
Numerous statistics, such as those given at Nutrition 2018, the first flagship meeting of the America Society for Nutrition, support plant-based diets and the health benefits that go along with them (ASN). The study links plant-based diets to a lower risk of obesity, diabetes, and coronary heart disease.

This in turn gives the industry for plant-based beverages adequate support to grow in the next years.

One of the major factors boosting the market for plant-based beverages is the quickening trend toward vegan and flexitarian lifestyle choices. The market for plant-based beverages is expected to rise as Millennials and Gen Xers, the two demographic groups targeted by retailers, gradually switch to indulge in plant-based foods.

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Growing Demand for Plant-Based Protein Supplements in the Plant-Based Beverage Industry Propels Consumer preference for plant-based goods over those derived from animals has led to an increase in the demand for plant-based foods and beverages. Consumer demand for plant-based protein supplements has increased as a result of the shift toward a plant-based diet, providing ongoing potential for manufacturers of plant-based beverages.

For instance, most customers choose to buy plant-based protein powders like rice and pea rather than whey-based ones. The market for plant-based protein supplements is also rapidly expanding in the field of sports nutrition, as athletes increasingly incorporate plant-based proteins into their workout routines.

Accordingly, manufacturers of plant-based beverages are attempting to diversify their product offerings by introducing new types of plant-based supplements.

Vegan Drink Mixes Market - Segmentation
Vegan Drink Mixes Market based on Type is segregated into
• Vegan hot drinks
• Vegan Cold drinks
• Vegan Juices
• Others

Vegan Drink Mixes Market based on Source is fragmented into
• Soy based
• Coconut based
• Rice based
• Almond based
• Oats based
• Fruits based
• Hazelnut based
• Hemp based
• Cashew based
• Flax based
• Others

Vegan Drink Mixes Market based on Packaging Type
• Cans
• Bottles
• Pouches
• Others

Vegan Drink Mixes Market based on Sales Channel is bifurcated into
• B2B
• B2C

Vegan Drink Mixes Market based on Flavour is categorized
• Plain
• Flavoured

Vegan Drink Mixes Market - Key Market players
Oatly Group AB, yfood Labs GmbH., Beverage Universe, Vegan Tipples, Chobani, LLC., Vvegano, PepsiCo, Inc, THE BRIDGE S.R.L, Guinness & Co., SIMANDL, spol. s r. o, The Good Pea Co., Soho Juice Co. Ltd, PAISLEY DRINKS CO. LTD., SunOpta, Vvegano, Starbucks, The Coca-Cola Company, Alfa Laval, Archer Daniels Midland Company , BLUE DIAMOND GROWERS, 1HAIN CELESTIAL GROUP, INC., LIVING HARVEST FOODS INC., ORGANIC VALLEY CROPP COOPERATIVE, PANOS BRANDS LLC (KONINKLIJKE WESSANEN N.V.), Hain Celestial Group, Others.

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