Europe Plant-Based Beverages Market 2025 | Innovation, Market Growth & Competitive Landscape

Market Size and Growth

Europe Plant-based Beverages Market reached US$ 9.65 billion in 2024 and is expected to reach US$ 22.03 billion by 2032, growing with a CAGR of 10.87% during the forecast period 2025-2032, according to DataM Intelligence research.

Europe Plant-based Beverages Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Europe Plant-based Beverages Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Europe Plant-Based Beverages refer to drinks made from plant sources such as soy, almond, oat, rice, and pea, serving as alternatives to dairy milk. Rich in nutrients and often fortified with vitamins and minerals, these beverages cater to vegan, lactose-intolerant, and health-conscious consumers. Driven by growing awareness of sustainability, wellness, and clean-label trends, the European plant-based beverage market is expanding rapidly, with innovations in flavors, formulations, and functional benefits.

Key Players:

-> Nestlé, Danone, Hain Celestial Group, Inc., The Coca-Cola Company, Rude Health, PepsiCo, Plenish Drinks, Huel Limited, The Healthy Protein Co and Valsoia.

Key Development:

Europe: Recent Industry Developments

✅ In September 2025, the European Union launched the Innovative Strategies to Accelerate Adoption and Consumption of Plant-Based Food (ISAAP) project, investing €2.2 million to promote plant-based food adoption across Europe.

✅ In July 2025, Refresco inaugurated its first European plant-based beverage production line in Germany, marking its entry into the plant-based drinks category.

✅ In July 2025, the EU rolled out a €350 million initiative to accelerate the adoption of fermentation technologies, strengthening Europe's role in sustainable food innovation and biotech leadership.

Japan: Recent Industry Developments

✅ In August 2025, Japanese food tech startup Kinish launched "The Rice Creamery," a plant-based ice cream brand offering rice-based ice creams with 60% less sugar and 62% fewer greenhouse gas emissions than traditional dairy ice cream.

✅ In July 2025, Yakult Japan officially incorporated its new plant-based product "Soy Milk Power" into its home delivery service, expanding its plant-based offerings.

✅ In March 2025, Kaneka Corporation launched "MITASUTM Plain," a plant-based protein drink developed in collaboration with Hot Yoga Studio LAVA, featuring simple ingredients like soybeans, beet sugar, and inulin.

Growth Forecast Projected:

The Global Europe Plant-based Beverages Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Europe Plant-based Beverages Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

By Ingredients: Fruits, Coconut, Vegetables, Seeds and Nuts, Almond, Cashew, Flaxseed, Rice and Others

By Product: Milk, Juices, Smoothies, Teas & Coffee, Others

By Type: Plain, Flavored

By Packaging: Bottles, Pouches, Cans, Others

By End-User: Household Consumers, Food Service Industry, Cafes and Coffee Shops, Restaurants, Hotels and Resorts, Athletes and Sports Enthusiasts, Others

Regional Analysis for Europe Plant-based Beverages Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Europe Plant-based Beverages producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Europe Plant-based Beverages revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Europe Plant-based Beverages Market?

A: In 2024, the Europe Plant-based Beverages Market was valued at USD US$ 9.65 billion, reflecting its strong industry presence.

Q2: How large is the Europe Plant-based Beverages Market expected to be by 2031?

A: By 2032, industry forecasts suggest the Europe Plant-based Beverages Market will grow to around US$ 22.03 billion, demonstrating significant expansion.

Q3: What is the growth rate of the Europe Plant-based Beverages Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 10.87% during the forecast period from 2025 to 2032.

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