Global Fermented Non-Dairy Non-Alcoholic Beverages Market, By Source (Fruits, Vegetables, Cereals, Others), Type (Dairy Free, Drinkable Yogurts, Fermented Soft Drinks, Fermented Juices, Non-Dairy Kefir), Distribution Channel (Retail Stores, Department Store, Super Market, Hypermarket, Specialty Store, E-commerce), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Fermented Non-Dairy Non-Alcoholic Beverages Market
Global fermented non-dairy non-alcoholic beverages market size is expected to grow at a compound annual rate of 4.0% in the forecast period 2021 to 2028 and is likely to reach USD 4.37 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of fermented non-dairy non-alcoholic beverages market in the forecast period of 2021 to 2028.
Fermentation is an age-old process under which carbohydrates are converted into acid, gases, or alcohols. This process helps in improvement of the nutritional content present in the foods. The non – dairy fermented beverages are made from heavily nutritious cereals such as wheat, maize, oats, barley, millet, and rye and the fermented non-dairy non-alcoholic beverages are the healthy alternative to alcohol that gives the same flavor.
The inclination of consumers towards vegan diets is major factor contributing for growth in market. The increasing awareness amongst customers regarding health benefits of fermented non-dairy non-alcoholic beverages such as it is non-alcoholic and reduces the cholesterol and blood pressure and even boosts the immunity level which is estimated to contribute to growth of the market. Increasing disposal income of the consumers is also expected to heighten demand for the fermented non-dairy non-alcoholic beverages market within the forecast period of 2021 to 2028. However, the easy availability of other beverages hinders the growth of market and is projected to act as a restraint, whereas the awareness about these beverages among many regions is limited which is projected as a major challenge the growth of the market. Moreover, the key players within the market are working on R&D in order to launch new and innovative products like new flavored drinks which is estimated to further generate new opportunities for the market in the forecast period of 2021 to 2028.
This fermented non-dairy non-alcoholic beverages market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fermented non-dairy non-alcoholic beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Fermented Non-Dairy Non-Alcoholic Beverages Market Scope and Market Size
Fermented non-dairy non-alcoholic beverages market is segmented on the basis of source, type and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the fermented non-dairy non-alcoholic beverages market has been segmented into fruits, vegetables, cereals, others.
- On the basis of type, the fermented non-dairy non-alcoholic beverages market has been segregated into dairy free, drinkable yogurts, fermented soft drinks, fermented juices, non-dairy kefir.
- On the basis of distribution channel, the fermented non-dairy non-alcoholic beverages market is segmented into retail stores, department store, super market, hypermarket, specialty store and e-commerce.
Fermented Non-Dairy Non-Alcoholic Beverages Market Country Level Analysis
Fermented non-dairy non-alcoholic beverages market is analyses and market size, volume information is provided source, type and distribution channel as referenced above.
The countries covered in the global fermented non-dairy non-alcoholic beverages market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia Pacific dominates the market due to massive amount of consumption of beverages which drives the consumption of fermented non-dairy non-alcoholic beverages within this region. Middle East and Africa, on the other hand, is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the.
The country section of the fermented non-dairy non-alcoholic beverages market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Fermented Non-Dairy Non-Alcoholic Beverages Market Share Analysis
Fermented non-dairy non-alcoholic beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fermented non-dairy non-alcoholic beverages market.
The major players covered in the fermented non-dairy non-alcoholic beverages market report are , KeVita, Good Karma Foods, Millenium Products., Health-Ade LLC, Konings, Fentimans , GT's Living Foods, Lifeway Foods, Inc., Chr. Hansen Holding A/S, Probi, ORIKA, DuPont, Yakult Honsha Co., Ltd., General Mills Inc., A.G.M. Foods Pty. Ltd., Health-Ade Llc., and Skinny Fizz, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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