What Fueled The Previous Growth In The Fermented Non-Dairy Non-Alcoholic Beverages Market?
The fermented non-dairy non-alcoholic beverages market has seen considerable growth due to a variety of factors.
• The fermented non-dairy non-alcoholic beverages market has shown strong growth in recent years. It is projected to grow from $3.74 billion in 2024 to $3.98 billion in 2025, at a compound annual growth rate (CAGR) of 6.5%.
This growth is fueled by the rise in veganism, lactose intolerance, health-conscious lifestyles, demand for non-dairy products, and increasing disposable income.
What Is The Expected Growth In The Fermented Non-Dairy Non-Alcoholic Beverages Market Size Evolve over the Forecast Period?
The fermented non-dairy non-alcoholic beverages market is expected to maintain its strong growth trajectory in upcoming years.
• The fermented non-dairy non-alcoholic beverages market is projected to grow steadily, reaching $5.05 billion by 2029 with a CAGR of 6.1%.
Growth is attributed to the popularity of veganism, the rise of plant-based diets, increasing demand for unique flavors, the focus on preventive healthcare, and greater availability of these beverages. Trends include the growth of e-commerce, the introduction of new beverage options, innovations in fermentation, and advancements in beverage technology.
What Main Forces Are Fueling Expansion In The Fermented Non-Dairy Non-Alcoholic Beverages Market?
The rise of veganism and plant-based diets is expected to boost the fermented, non-dairy, non-alcoholic beverage market. Veganism avoids animal exploitation and excludes animal-derived products from the diet. The increase in veganism is driven by concerns about animal welfare, health benefits, and ethical eating choices. Fermented non-dairy beverages offer nutritional benefits and align with vegan principles, making them an important part of plant-based diets. For example, in April 2024, Finder reported that the number of vegans in the UK had risen to 2.5 million, or 4.7% of the population, compared to 1.4 million in 2023. This growing trend in veganism is driving the fermented, non-dairy, non-alcoholic beverage market.
What Are The Primary Segments In The Global Fermented Non-Dairy Non-Alcoholic Beverages Market?
The fermented non-dairy non-alcoholic beverages market covered in this report is segmented –
1) By Product Type: Dairy Free Drinkable Yogurts, Fermented Soft Drinks, Fermented Juices, Non-Dairy Kefir
2) By Source: Fruits, Vegetables, Cereals, Other Sources
3) By Distribution Channel: Retail Stores, Department Store, Super Market, Hypermarket, Specialty Store
4) By Application: Modern Trade, Specialty Stores, Convenience Stores, Online Retailers
1) By Dairy-Free Drinkable Yogurts: Coconut Milk-Based Yogurts, Almond Milk-Based Yogurts, Soy Milk-Based Yogurts, Oat Milk-Based Yogurts
2) By Fermented Soft Drinks: Kombucha, Fermented Lemonades, Water Kefir
3) By Fermented Juices: Fermented Fruit Juices, Vegetable-Based Fermented Juices
4) By Non-Dairy Kefir: Coconut Milk Kefir, Almond Milk Kefir, Soy Milk Kefir, Oat Milk Kefir
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How Are Emerging Trends Reshaping The Dynamics Of The Fermented Non-Dairy Non-Alcoholic Beverages Market?
Companies in the fermented, non-dairy, and non-alcoholic beverages market are introducing new flavors to appeal to consumer preferences. In January 2022, Synergy Flavors, a US-based company, launched a new flavor range for low and no-alcohol beverages, focusing on botanicals, fruits, and herbs to offer alcohol-free alternatives that replicate the taste experience of traditional alcoholic drinks, catering to health-conscious consumers.
Who Are the Key Players In The Fermented Non-Dairy Non-Alcoholic Beverages Market?
Major companies operating in the fermented non-dairy non-alcoholic beverages market are:
• PepsiCo Inc.
• Danone S.A
• General Mills Inc.
• DuPont de Nemours Inc
• Yakult Honsha Co. Ltd.
• Chr. Hansen A/S
• Probi AB
• Health-Ade LLC
• KeVita Inc.
• Lifeway Foods Inc.
• Lifeway Foods inc.
• Konings NV
• GT's Living Foods LLC
• Fentimans Ltd.
• Bionade GmbH
• Millennium Products Inc.
• Bionade GmbH
• Reed’s Inc.
• Good Karma Foods Inc.
• Thurella AG
• AGM Foods PTY Ltd.
• China-Biotics Inc.
What Is The Most Dominant Region In The Fermented Non-Dairy Non-Alcoholic Beverages Market?
Asia Pacific was the largest region in the fermented non-dairy non-alcoholic beverages market in 2023. The regions covered in the fermented non-dairy non-alcoholic beverages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
