The fermented non-dairy non-alcoholic beverages market has demonstrated strong growth, with its size rising from $3.53 billion in 2023 to $3.74 billion in 2024, reflecting a CAGR of 5.9%. This growth is attributed to the rise of veganism, increased lactose intolerance awareness, and greater demand for health-conscious beverages. By 2028, the market is expected to grow to $4.76 billion, with a CAGR of 6.2%. Future growth will be driven by the popularity of plant-based diets, diverse flavor preferences, and an emphasis on preventive healthcare. Key trends include the rise of e-commerce, continuous innovation in beverage options, and advancements in fermentation technology.
Major Driver In The Fermented Non Dairy Non Alcoholic Beverages Market
The rise in veganism and the adoption of plant-based diets are anticipated to drive growth in the fermented, non-dairy, and non-alcoholic beverage market. As consumers increasingly seek alternatives to animal-derived products due to concerns about health, ethics, and sustainability, the demand for these beverages is surging. They provide flavorful and nutritious options that align with a plant-based lifestyle. The Plant-Based Foods Association reported a 6.2% increase in plant-based food sales in December 2021. The global market for fermented, non-dairy, and non-alcoholic beverages was valued at approximately $30 billion in 2023, projected to reach around $36 billion in 2024, and expected to surpass $45 billion by 2028.
Request A Free Sample Of The Fermented Non Dairy Non Alcoholic Beverages Market Report
Fermented Non Dairy Non Alcoholic Beverages Market Competitive Landscape
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.
Key Fermented Non Dairy Non Alcoholic Beverages Market Trend
Major companies in the fermented, non-dairy, and non-alcoholic beverages market are focusing on developing refrigerated plant-based milk to cater to sustainable dietary choices. Good Karma Foods launched a new line of refrigerated plant-based milks in May 2021, integrating oats, flax, and peas for a nutrient-rich product. This innovation also includes a direct-to-consumer e-commerce platform, enhancing accessibility for health-conscious consumers.
Purchase The Global Fermented Non Dairy Non Alcoholic Beverages Market Report Directly And Get A Swift Delivery
Fermented Non Dairy Non Alcoholic Beverages Market Segmentation
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
By Geography:The regions covered in the fermented non-dairy non-alcoholic beverages market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia Pacific was the largest region in the fermented non-dairy non-alcoholic beverages market in 2023.
The Fermented Non Dairy Non Alcoholic Beverages Global Market Report 2024 furnishes information about the global fermented non dairy non alcoholic beverages market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
