The fermented non-dairy non-alcoholic beverages from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Fermented Non-Dairy Non-Alcoholic Beverages Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The fermented non-dairy non-alcoholic beverages market size has grown strongly in recent years. It will grow from $3.53 billion in 2023 to $3.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to rise in veganism and plant-based diets, rising prevalence of lactose intolerance and dairy allergies, increasing consciousness about the vigorous lifestyle, demand for the fermented non-dairy, and rising disposable income.
The fermented non-dairy non-alcoholic beverages market size is expected to see strong growth in the next few years. It will grow to $4.76 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing popularity of veganism and plant-based diets, growth of the fermented non-dairy non-alcoholic beverages, rising buyer inclination for different flavors, growing focus on preventive healthcare and wellness, and increasing outlets for beverages. Major trends in the forecast period include popularity of e-commerce and online retail has made it easier for consumers, continuous introduction of new and innovative fermented non-dairy beverage options, innovations in fermentation processes, technological advancements, and innovations in the beverage industry.
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Scope Of Fermented Non-Dairy Non-Alcoholic Beverages Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Fermented Non-Dairy Non-Alcoholic Beverages Market Overview
Market Drivers –
The rise in veganism and plant-based diets is expected to propel the growth of the fermented, non-dairy, non-alcoholic beverage market going forward. Veganism and plant-based diets are a philosophy and lifestyle that seek to avoid all forms of animal exploitation and include a strict diet that excludes animal-derived products. The rise in veganism and plant-based diets is due to growing concerns about animals, the health benefits of vegan food, and consumer interests. Fermented, non-dairy, and non-alcoholic beverages are a valuable addition to the vegan diet, offering nutritional benefits, supporting ethical and environmental goals, and enhancing health and wellness. They provide accessible, tasty, and versatile options that align with the principles of veganism, making it easier for individuals to adopt and maintain a plant-based lifestyle. For instance, in December 2021, according to the Plant Based Foods Association, a US-based food association, plant-based food sales are rising, expanding 6.2% in 2021 over a record-breaking year of growth in 2020. Therefore, the rise in veganism and plant-based diets drives the fermented, non-dairy, non-alcoholic beverage market.
Market Trends –
Major companies operating in the fermented, non-dairy, and non-alcoholic beverages market are focused on developing innovative products, such as refrigerated plant-based milk, meeting individuals’ preferences for sustainable and plant-based dietary choices. Refrigerated plant-based milk is packaged and processed differently from shelf-stable options, requiring refrigeration for storage and having a shorter shelf life but potentially offering a more nutrient-dense profile. For instance, in May 2021, Good Karma Foods, a US-based food manufacturing company, launched a new line of refrigerated plant-based milks and a direct-to-consumer e-commerce platform. This platform allows customers to purchase products directly from the company, enhancing their shopping experience and providing greater convenience. It is a novel milk blend featuring oats, flax, and peas. It integrates top-tier plant-based ingredients to offer the creamy texture and nutritional benefits that non-dairy milk enthusiasts seek.
The fermented non-dairy non-alcoholic beverages market covered in this report is segmented –
1) By Product Type: Dairy Free Drinkable Yogurts, Fermented Soft Drinks, Fermented Juices, Non-Dairy Kefir
2) By Source: Fruits, Vegetables, Cereals, Other Sources
3) By Distribution Channel: Retail Stores, Department Store, Super Market, Hypermarket, Specialty Store
4) By Application: Modern Trade, Specialty Stores, Convenience Stores, Online Retailers
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Regional Insights –
Asia Pacific was the largest region in the fermented non-dairy non-alcoholic beverages market in 2023. The regions covered in the fermented non-dairy non-alcoholic beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the fermented non-dairy non-alcoholic beverages market are PepsiCo Inc., Danone S.A, General Mills Inc., DuPont de Nemours Inc, Yakult Honsha Co. Ltd., Chr. Hansen A/S, Probi AB, Health-Ade LLC, KeVita Inc., Lifeway Foods Inc., Lifeway Foods inc., Konings NV, GT’s Living Foods LLC, Fentimans Ltd., Bionade GmbH, Millennium Products Inc., Bionade GmbH, Reed’s Inc., Good Karma Foods Inc., Thurella AG, AGM Foods PTY Ltd., China-Biotics Inc.
Table of Contents
1. Executive Summary
2. Fermented Non-Dairy Non-Alcoholic Beverages Market Report Structure
3. Fermented Non-Dairy Non-Alcoholic Beverages Market Trends And Strategies
4. Fermented Non-Dairy Non-Alcoholic Beverages Market – Macro Economic Scenario
5. Fermented Non-Dairy Non-Alcoholic Beverages Market Size And Growth
…..
27. Fermented Non-Dairy Non-Alcoholic Beverages Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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