Global Non-Dairy Beverages Market, By Source (Fruits, Vegetables, Cereals and Others), Type (Dairy Free Drinkable Yogurts, Fermented Soft Drinks, Fermented Juices, and Non-Dairy Kefir), Distribution Channel (Online Retail, Supermarket/Hypermarket, Specialty Stores, Departmental Stores and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Non-Dairy Beverages Market
Non-dairy beverages market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 12.00% in the above-mentioned forecast period. The increasing consumer preference for different flavors drives the non-dairy beverages market.
Fermentation is a type of an age-old form of food bio-preservation, that also improves the nutritional content of foods. Non-dairy beverages are those type of beverages which are made from cereals and are particularly popular in the tropical regions. The natural microbial components are generally used to ferment grains such as maize, wheat, oats, barely, millet, and rye which are further mashed, heated, or filtered. These beverages include togwa, boza, kvass, amazake, pozol, kombucha, among others.
Increasing disposable income among consumers is a vital factor escalating the market growth, also increasing outlets for beverages, rising efficient distribution channels, growing population, rising health consciousness among consumers due to rising prevalence of obesity, rising focus of consumers on functional food and beverages which are low in calories and deliver nutrition to improve healthcare, high added value and functional properties of these beverages, rising demand for natural or organic food, Rising economic prosperity and greater inclination towards social drinking, rising preferring of the fermented organic herbal tea over traditional tea and increasing levels of lactose intolerance worldwide are the major factors among others driving the non-dairy beverages market briskly. Moreover, rising research and development activities, some prominent market players are focusing on new product launches with new flavor and taste, collaborations and mergers, and acquisitions to expand their global presence and increasing modernization in the new products offered in the market will further create new opportunities for the non-dairy beverages market in the forecast period of 2021- 2028.
However, increased sugar content which may cause health hazards such as high blood sugar and diabetes among others are the major factors among others acting as restraints, and will further challenge the non-dairy beverages market in the forecast period.
This non-dairy 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 localised 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 non-dairy 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.
Non-Dairy Beverages Market Scope and Market Size
Non-dairy beverages market is segmented on the basis of source, type and distribution channel. The growth among various segments helps in the better analyzation of growth and strategies for better vision of market.
- On the basis of source, the non-dairy beverages market is segmented into fruits, vegetables, cereals and others.
- Based on type, the non-dairy beverages market is segmented into dairy free drinkable yogurts, fermented soft drinks, fermented juices, and non-dairy kefir.
- The non-dairy beverages market is also segmented on the basis of distribution channel into online retail, supermarket/hypermarket, specialty stores, departmental stores and others. Supermarkets and hypermarkets is the leading segment in the market holding a prominent share. The distribution channel has been gaining traction due to its benefits such as providing the customers an advantage of scanning the product before purchase and the rising presence of a store associate who helps them choose the right product, which influences the buying decision. Supermarkets which includes big bazar, reliance fresh, easy day, and more are the major distributors of cashew milk of various companies.
Global Non-Dairy Beverages Market Country Level Analysis
Non-dairy beverages market is analysed and market size insights and trends are provided by country, source, type and distribution channel as referenced above.
The countries covered in non-dairy beverages market are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, 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 non-dairy beverages market due to increased consumption of fermented soft drinks in China and other Asian countries. North America and Europe are the expected regions in terms of growth in non-dairy beverages market due to rising concern of individuals regarding health and healthy lifestyle in this region.
The country section of the non-dairy 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 Non-Dairy Beverages Market Share Analysis
Non-dairy 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 non-dairy beverages market.
The major players covered in the non-dairy beverages market report are Thurella AG, GOOD KARMA FOODS, INC., Health-Ade Kombucha., Millennium Products Inc, Fentimans, Konings, GT’S LIVING FOODS, Lifeway Foods, Inc., KeVita, Boston Beer Co, Nestlé, Yakult Honsha Co., Ltd, PepsiCo, Beverage Dynamics, Bionade GmbH, Danone, Biosa Inc., DuPont., Chr. Hansen Holding A/S and Mother Dairy Fruit & Vegetable Pvt. Ltd. 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 analyst understands competitive strengths and provides competitive analysis for each competitor separately.
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