Many people gradually consume foods and beverages from plants. There are numerous reasons. Some people are trying to shift towards veganism or conscious about the benefits of drinks from plant.
There is a substantial growth in the plant-based beverages market. A research firm, GMI Research, noted that the plant-based beverages market size reached USD 24.1 billion in 2022. The firm also projected the market to reach USD 61.4 billion in 2030.
By type, the soy beverage will hold the largest market share. It is due to its developed taste and popularity. Meanwhile, based on product, plain beverages will dominate the largest revenue. It is owing to the plain taste that can substitute dairy milk to make smoothies or coffee. By region, North America will lead the market due to the significant increase of vegan food popularity.
Some leading players in the market include Danone, Noumi, Koia, The Hain Celestial Group, Inc., among other top players.
What are the Types?
There are various types of plant-based beverages.
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Oat drinks
Oat drinks offer various benefits for health. The drink contains fiber and vitamins that can regulate the blood sugar level and also strengthen the bone.
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Pea beverages
As a newcomer, pea beverages also provide numerous positive impacts for health. Usually, this beverage is extracted from yellow peas. It has a light and creamy texture and can be used whether by drinking it directly, to make coffee, to cook, to bake, or to make smoothies.
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Almond drinks
The combination of almonds and water can offer heavenly goodness. Some brands even claim that their almond milks have flavor in imitation of cow’s milk.
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Soy drinks
These drinks are obtained by boiling soybeans. To make this beverage, the ingredients include soybeans, water, emulsifiers, among others.
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Quinoa beverages
These beverages include quinoa and rice in the making. When you drink it, you can taste a mild nutty flavor. However, this drink does not contain sweeteners or lactose, making it a perfect choice for you who choose a healthy diet.
Tips on Choosing Plant-Based Milk
When you are going to buy vegan milk from the stores, there are several things you should pay attention to. First, make sure to check the ingredients. The purest plant milk will only have two ingredients. Make sure that there is no oil, emulsifiers, or gums. You can also choose the drink with zero added sugar.
What are The Major Drivers?
There are several variables that can drive the development of this market.
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The rising income
The increasing income among the consumers can encourage them to buy drinks from plants, which usually are more expensive compared to traditional drinks. The more they earn, the more they can afford to buy these foods, thus will drive the growth of this market.
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The growing concerns about animal cruelty
There is also a rising concern regarding animal cruelty. This factor can change the consumers’ preferences towards vegan diets. Veganism tries to avoid any form of exploitation and cruelty to other animals. Whether it is for food or fashion, they try to seek these substitutes. This is in line with the market which basically uses plants for its products without any animal involvement.
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Increasing demand for plant-based snack and beverages
As many people recognize its health benefit and nutrients, many people prefer to consume snacks and beverages that come from plants. In addition, these beverages also produce minimum carbon footprints. Also, it is safe to be consumed by people who cannot consume lactose.
Drinks Recipes
Not only by buying them, but you can also make your own plant-based drinks. These are some recipes that can inspire and help you.
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Chai latte
To make this drink, you just have to infuse black tea and almond milk. Put some fragrant spices, and you can enjoy a glass of drink with a hint of Indian taste.
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Peanut milk
Combine peanuts, water, and sweetener, and let them soak. The next morning, blend them all until they become smooth. Pour the milk through a nut milk bag and squeeze it. This process is to remove the pulp. And you can enjoy the home-made peanut milk.
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Banana coffee oatmeal smoothie
First, blend together oatmeal, frozen banana, ice, and coffee, until you get a smoothie texture. Then add ice, blend it, and you can enjoy the drink.
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Hot quinoa
Want to drink a hot quinoa in the morning? You can try this recipe. First, place quinoa and water in a pan and boil them in a low heat. Wait until the quinoa is tender. Drain quinoa and put it back into the pan. Add soymilk, apples, sugar, and cinnamon, then blend them together in a blender. Add vanilla and serve while it is hot.
In spite of its quick expansion, this market nonetheless faces certain obstacles. Plant-based goods are expensive to buy and not widely available, which could further impede the market’s expansion.