The report of Fermented Non-Dairy Non-Alcoholic Beverages Market By Product Type (Dairy Free Drinkable Yogurts, Fermented Soft Drinks, Fermented Juices, Non-Dairy Kefir), By Distribution Channel (Retail stores, Department store, Super market, Hypermarket, Specialty store, E-commerce), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
The key players of the global Fermented Non-Dairy Non-Alcoholic Beverages market are Thurella AG, Good Karma Foods Inc., Health-Ade LLC., KeVita Inc., Millennium Products Inc., Fentimans Ltd., Konings NV, GT’S LIVING FOODS, Lifeway Foods Inc., Bionade GmbH, Reed’s, Inc., General Mills, Inc, PepsiCo, Inc., China-Biotics Inc., Yakult Honsha Co. Ltd., Probi AB, DuPont de Nemours, Inc., Chr. Hansen A/S, Lifeway Foods, Danone S.A., and AGM Foods PTY Ltd.
Fermentation is a metabolic process that converts carbohydrates into acid, gases, or alcohol. In recent years, demand for non-dairy based non-alcoholic beverages has increased, because of the fluctuating of consumers towards vegan diets. Fermented non-dairy non-alcoholic beverages offer several nutritional values which are helpful for well-being.
Fermented beverages are naturally made from herbal infusions, fruit juices, green & black tea, soaked grains, etc. These drinks are mostly a good source of useful bacteria, probiotics, and yeasts, include probiotic beverages like kombucha, tepache, milk kefir, water kefir, beet kvass, and whey sodas. For example, in Feb 2018, Good Karma Foods had launched new ready-to-drink beverages, which contains nutrient-packed, low-sugar Flaxmilk Omega-3 + Protein plant. This product is augmented with vitamin A, vitamin D, calcium, and plant-based protein. The company had also launched it on the e-commerce website Amazon for the first-time and expected a selling growth of 45% year by year.
The growth of the global fermented non-dairy non-alcoholic beverages market is boosting because of the increasing demand for nutritious and healthy food. Similarly, rising buyer inclination for different flavors, effective distribution channels, increasing outlets for beverages are the factors enhancing the demand for the global fermented non-dairy non-alcoholic beverages market.
Producers of fermented non-dairy non-alcoholic beverages market are spending a massive amount on R&D to launch an advanced product. They are launching the product with flavors to invite customers. So, increasing the launch of the new product by the producer is the factor driving the growth of the market. But, to make these beverages sweeter, a good amount of sugar is being used, which can cause other health issues, like diabetes, high blood sugar. In 2018, as stated by the investigation by the office on women’s health in America women are suffering from osteoarthritis, because of the consumption of lactose while about 30–50 million Americans are lactose intolerant. Thus, the number of people suffering from lactose intolerance has been increasing year over yet remains one of the restraints to the growth of the fermented non-dairy non-alcoholic beverages market.
By region, Asia Pacific is expected to hold the largest market share in the fermented non-dairy non-alcoholic beverages market, thanks to the high intake of soft drinks in China and other Asian countries. Conversely, North America is expected to grow at the highest CAGR in the forecast period (2019-2027), because of the increasing consciousness about the vigorous lifestyle among the consumers.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Fermented Non-Dairy Non-Alcoholic Beverages Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Fermented Non-Dairy Non-Alcoholic Beverages Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Fermented Non-Dairy Non-Alcoholic Beverages Market positioning of competitors.
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