Market Overview:
The global fermented non-dairy non-alcoholic beverages market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for dairy free drinkable yogurts, fermented soft drinks, and fermented juices among consumers owing to health concerns such as lactose intolerance and gluten sensitivity. In addition, the growing trend of consuming probiotic beverages is also contributing to the growth of this market. The global fermented non-dairy non-alcoholic beverages market by type is segmented into dairy free drinkable yogurts, fermented soft drinks, fermented juices, non-dairy kefir, and others. The dairy free drinkable yogurt segment accounted for the largest share of the global market in 2017 and is projected to grow at a CAGR of 8% during the forecast period from 2018 to 2030. This can be attributed to rising consumer awareness about health benefits associated with probiotics present in yogurt drinks. The other segment includes products such as vegan cheese spreads/sauces/dressings/puddings etc.
Product Definition:
Fermented non-dairy non-alcoholic beverages are drinks that have been made from sources other than dairy or alcohol. This can include water, juice, and tea. These drinks are often considered healthier alternatives to traditional options like soda or sugary juices. They also tend to be lower in calories and may provide some health benefits such as antioxidants.
Dairy Free Drinkable Yogurts:
Dairy free drinkable yogurt is a plant-based food product, which has the texture and taste of dairy products such as milk and cream. It can be used as an alternative to ice creams, desserts, etc. The global Dairy Free Drinkable Yogurts market size was valued at USD 1.12 billion in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022.
Fermented Soft Drinks:
Fermented soft drinks are non-alcoholic beverages that contain probiotics and enzymes. The probiotic helps to improve gut health by enhancing the beneficial bacteria in the digestive tract, while the enzyme acts as an anti-bacterial agent to prevent pathogenic bacteria from causing infection.
Application Insights:
The modern trade application segment led the global fermented non-dairy non-alcoholic beverages market in 2017. This was attributed to a rise in demand from food processing industries and beverage manufacturers. Modern trade includes restaurants, fast food joints, hotels, cafĩs and other similar eateries. These are generally open for breakfast, lunch and dinner meals which help boost product sales at these establishments.
Specialty stores accounted for a significant share of the overall revenue in 2017 owing to high consumer spending on health & wellness products such as probiotic drinks that aid digestion along with nutritional supplements that provide energy throughout the day. The specialty store industry has been growing significantly over recent years especially in countries like U.S.
Regional Analysis:
North America dominated the global market in 2017 owing to the growing vegan population and awareness about health benefits of fermented beverages. The U.S., in particular, is a key regional market due to high demand for dairy-free products and increasing consumption of probiotics-based foods & beverages among consumers.
Asia Pacific is expected to be one of the fastest-growing regional markets over the forecast period owing to rising consumer interest towards non-alcoholic drinks with added nutritional value, taste, and aroma from natural ingredients such as fruit juices, tea leaves, herbs and spices etc. This trend will also drive demand from countries like China where fruit juice manufacturing is a major industry followed by vegetable juices such as carrot juice etc.; these are some of the major raw materials used for making non alcoholic fermented beverages in this region (see Table 1).
Growth Factors:
- Increasing demand for healthy and nutritious food products
- Rising awareness about the health benefits of fermented beverages
- Growing popularity of probiotic-rich foods and beverages
- Rapid urbanization and changing lifestyles in developing countries
- Technological advancements in the fermentation process
Scope Of The Report
Report Attributes
Report Details
Report Title
Fermented Non-Dairy Non-Alcoholic Beverages Market Research Report
By Type
Dairy Free Drinkable Yogurts, Fermented Soft Drinks, Fermented Juices, Non-Dairy Kefir, Others
By Application
Modern Trade, Specialty Stores, Convenience Stores, Online Retailers
By Companies
Thurella, KeVita, Good Karma Foods, Millennium Products, Health-Ade, Konings, Bionade, Reed’s, Fentimans, GT’s Living Foods, Thurella
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Fermented Non-Dairy Non-Alcoholic Beverages Market Report Segments:
The global Fermented Non-Dairy Non-Alcoholic Beverages market is segmented on the basis of:
Types
Dairy Free Drinkable Yogurts, Fermented Soft Drinks, Fermented Juices, Non-Dairy Kefir, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Modern Trade, Specialty Stores, Convenience Stores, Online Retailers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thurella
- KeVita
- Good Karma Foods
- Millennium Products
- Health-Ade
- Konings
- Bionade
- Reed’s
- Fentimans
- GT’s Living Foods
- Thurella
Highlights of The Fermented Non-Dairy Non-Alcoholic Beverages Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dairy Free Drinkable Yogurts
- Fermented Soft Drinks
- Fermented Juices
- Non-Dairy Kefir
- Others
- By Application:
- Modern Trade
- Specialty Stores
- Convenience Stores
- Online Retailers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fermented Non-Dairy Non-Alcoholic Beverages Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fermented non-dairy non-alcoholic beverages are made from fermented vegetables, fruits, or grains and contain no alcohol. They can be enjoyed as a refreshing drink on their own or used in recipes.
Some of the major companies in the fermented non-dairy non-alcoholic beverages market are Thurella, KeVita, Good Karma Foods, Millennium Products, Health-Ade, Konings, Bionade, Reed’s, Fentimans, GT’s Living Foods, Thurella.
The fermented non-dairy non-alcoholic beverages market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fermented Non-Dairy Non-Alcoholic Beverages Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Fermented Non-Dairy Non-Alcoholic Beverages Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Fermented Non-Dairy Non-Alcoholic Beverages Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Fermented Non-Dairy Non-Alcoholic Beverages Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Fermented Non-Dairy Non-Alcoholic Beverages Market Size & Forecast, 2020-2028 4.5.1 Fermented Non-Dairy Non-Alcoholic Beverages Market Size and Y-o-Y Growth 4.5.2 Fermented Non-Dairy Non-Alcoholic Beverages Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dairy Free Drinkable Yogurts
5.2.2 Fermented Soft Drinks
5.2.3 Fermented Juices
5.2.4 Non-Dairy Kefir
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Modern Trade
6.2.2 Specialty Stores
6.2.3 Convenience Stores
6.2.4 Online Retailers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fermented Non-Dairy Non-Alcoholic Beverages Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fermented Non-Dairy Non-Alcoholic Beverages Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dairy Free Drinkable Yogurts
9.6.2 Fermented Soft Drinks
9.6.3 Fermented Juices
9.6.4 Non-Dairy Kefir
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Modern Trade
9.10.2 Specialty Stores
9.10.3 Convenience Stores
9.10.4 Online Retailers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dairy Free Drinkable Yogurts
10.6.2 Fermented Soft Drinks
10.6.3 Fermented Juices
10.6.4 Non-Dairy Kefir
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Modern Trade
10.10.2 Specialty Stores
10.10.3 Convenience Stores
10.10.4 Online Retailers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dairy Free Drinkable Yogurts
11.6.2 Fermented Soft Drinks
11.6.3 Fermented Juices
11.6.4 Non-Dairy Kefir
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Modern Trade
11.10.2 Specialty Stores
11.10.3 Convenience Stores
11.10.4 Online Retailers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dairy Free Drinkable Yogurts
12.6.2 Fermented Soft Drinks
12.6.3 Fermented Juices
12.6.4 Non-Dairy Kefir
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Modern Trade
12.10.2 Specialty Stores
12.10.3 Convenience Stores
12.10.4 Online Retailers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dairy Free Drinkable Yogurts
13.6.2 Fermented Soft Drinks
13.6.3 Fermented Juices
13.6.4 Non-Dairy Kefir
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Modern Trade
13.10.2 Specialty Stores
13.10.3 Convenience Stores
13.10.4 Online Retailers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fermented Non-Dairy Non-Alcoholic Beverages Market: Competitive Dashboard
14.2 Global Fermented Non-Dairy Non-Alcoholic Beverages Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thurella
14.3.2 KeVita
14.3.3 Good Karma Foods
14.3.4 Millennium Products
14.3.5 Health-Ade
14.3.6 Konings
14.3.7 Bionade
14.3.8 Reed’s
14.3.9 Fentimans
14.3.10 GT’s Living Foods
14.3.11 Thurella