Released September 05, 2023 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--As consumers have become more health-conscious, the demand for healthier alternative beverages is growing. According to a report by BevSource, the plant-based dairy alternatives market achieved a value of more than $26 billion globally in 2022, and it is projected to grow 12.6% by 2030.
Industrial Info is tracking 27 projects, totaling more than US$960 million in value, aimed at building up the global infrastructure for standalone plant-based beverages (milk and non-milk). North America is the biggest driver of investment at more than US$645 million, followed by Asia with a total spend pipeline of about US$246 million across 12 projects.
Subscribers to Industrial Info's Global Market Intelligence (GMI) project and plant databases can click here for a list of detailed project reports, and click here for a list of related plant profiles.
The U.S. leads among countries with more than US$630 million in spending, totaling about 66% of the market share, followed by China and the U.K. Although, 80% of the global projects remain in the initial planning stages, and about 12% are under construction. Most of these projects are either grassroot in nature or plant expansions, and are expected to be completed by 2027.
With a combined spending of more than US$1.008 billion, HP Hood LLC, The Haskell Company and Oatly Foods China are the top players in the market, with projects spanning the U.S. and China.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Industrial Info is tracking 27 projects, totaling more than US$960 million in value, aimed at building up the global infrastructure for standalone plant-based beverages (milk and non-milk). North America is the biggest driver of investment at more than US$645 million, followed by Asia with a total spend pipeline of about US$246 million across 12 projects.
Subscribers to Industrial Info's Global Market Intelligence (GMI) project and plant databases can click here for a list of detailed project reports, and click here for a list of related plant profiles.
The U.S. leads among countries with more than US$630 million in spending, totaling about 66% of the market share, followed by China and the U.K. Although, 80% of the global projects remain in the initial planning stages, and about 12% are under construction. Most of these projects are either grassroot in nature or plant expansions, and are expected to be completed by 2027.
With a combined spending of more than US$1.008 billion, HP Hood LLC, The Haskell Company and Oatly Foods China are the top players in the market, with projects spanning the U.S. and China.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
