Fermented Non-Dairy Non-Alcoholic Beverages Market Size by Product Type, Source, Distribution Channel, and Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Fermented Non-Dairy Non-Alcoholic Beverages Market was valued USD 3.88 Bn in 2023 and is expected to grow USD 5.15 Bn by 2030, at a CAGR of 4.12% during the forecast period.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
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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 2021, 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 due tobecause 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 drivingforcing 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. For example, Iin 2021, 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, Region-wise, 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 (2024-2030), because of the increasing consciousness about the vigorous lifestyle among the consumers.
The objective of the report is to present a comprehensive analysis of the Global Fermented Non-Dairy Non-Alcoholic Beverages Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players By Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
Fermented Non-Dairy Non-Alcoholic Beverages Market Scope: Inquire before buying
| Fermented Non-Dairy Non-Alcoholic Beverages Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 3.88 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.12% | Market Size in 2030: | USD 5.15 Bn. |
| Segments Covered: | by Product Type | Dairy Free Drinkable Yogurts Fermented Soft Drinks Fermented Juices Non-Dairy Kefir |
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| by Distribution Channel | Retail stores Department store Super market Hypermarket Specialty store E-commerce |
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| by Source | Fruits Vegetables Cereals Others |
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Fermented Non-Dairy Non-Alcoholic Beverages Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Fermented Non-Dairy Non-Alcoholic Beverages Market, Key Players are:
1. Thurella AG
2. Good Karma Foods Inc.
3. Health-Ade LLC.
4. KeVita Inc.
5. Millennium Products Inc.
6. Fentimans Ltd.
7. Konings NV
8. GT’S LIVING FOODS
9. Lifeway Foods Inc.
10.Bionade GmbH
11.Reed’s, Inc.
12.General Mills, Inc
13.PepsiCo, Inc.
14.China-Biotics Inc.
15.Yakult Honsha Co. Ltd.
16.Probi AB
17.DuPont de Nemours, Inc.
18.Chr. Hansen A/S
19.Lifeway Foods
20.Danone S.A.
21.AGM Foods PTY Ltd.
Frequently Asked Questions:
1. Which region has the largest share in Global Fermented Non-Dairy Non-Alcoholic Beverages Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Fermented Non-Dairy Non-Alcoholic Beverages Market?
Ans: The Global market is expected to grow at a CAGR of 4.12% during forecast period 2024-2030.
3. What is scope of the Global Fermented Non-Dairy Non-Alcoholic Beverages market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Fermented Non-Dairy Non-Alcoholic Beverages market?
Ans: The important key players in the Global 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..
5. What is the study period of this market?
Ans: The Global market is studied from 2023 to 2030.