Fermented Non-dairy Non-alcoholic Beverages Market (Product Type - Fermented Soft Drinks, Fermented Juices, Dairy-free Drinkable Yogurts, and Non-dairy Kefir; Distribution Channel - Online Retail Stores, and Offline Retail Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

A recent report published by Infinium Global Research on the fermented non-dairy non-alcoholic beverages market provides an in-depth analysis of segments and sub-segments in the global as well as regional fermented non-dairy non-alcoholic beverages market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fermented non-dairy non-alcoholic beverages market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global fermented non-dairy non-alcoholic beverages market. According to the report, the global fermented non-dairy non-alcoholic beverages market is projected to grow at a CAGR of 4.2% over the forecast period of 2020-2026.

Market Insight

Fermented beverages are typically made from herbal infusions, fruit juices, green and black tea, soaked grains, etc. These drinks are generally a good source of beneficial bacteria, probiotics, and yeasts. They include probiotic beverages like kombucha, tepache, milk kefir, water kefir, beet kvass, and whey sodas. Fermented Non-dairy Non-alcoholic Beverages are available in multiple sizes and flavors. For instance, in Feb 2018, Good Karma Foods had launched new ready-to-drink beverages, which contain nutrient-packed, low-sugar Flaxmilk Omega-3 + Protein plant. This product is enriched with vitamin A, vitamin D, calcium, and plant-based protein. The company had also launched it on the e-commerce website Amazon for the first time and estimated a selling growth of 45% year by year.

In recent times, many people are shifting their lifestyle towards a vegan diet because people consider that vegetarian food is healthier than non-vegetarian food. This, in turn, increasing the demand for fermented non-dairy non-alcoholic beverages. Due to the current lifestyle and a busy schedule, a lot of people are suffering from many diseases like gastrointestinal and immunity power of people are getting decreased. On the other hand, the demand for non-alcoholic beer, non-dairy kefir is increasing. Therefore, to get rid of such a disease, people consume fermented non-dairy non-alcoholic beverages, which drives the market. Manufacturers of this market are spending a huge amount on R&D to launch an innovative product. They are launching the product with flavors in order to attract customers. Thereby, increasing the launch of the new product by the manufacturer is the factor propelling the growth of this market. Increasing the disposal income of the consumers is another factor enhancing the growth of this market. However, to make these beverages sweeter, a good amount of sugar is being used, which can cause other health issues like diabetes, high blood sugar. For instance, in 2018, according to the survey by the office on women's health, in America women are suffering from osteoarthritis due to the intake of lactose while around 30 – 50 million Americans are lactose intolerant. Therefore, the number of people suffering from lactose intolerance has been increasing year over yet remains one of the restraints to the growth of fermented non-dairy non-alcoholic beverages market.

Based on the region, the global fermented non-dairy non-alcoholic beverages market is segmented into North America, Asia Pacific, Europe, and RoW. Among all, Asia Pacific holds the highest market share in this market due to the high consumption of soft drinks in China. On the other hand, North America is expected to grow at the highest CAGR in the forecast period due to the increasing awareness about the healthy lifestyle among the consumers.

Segment Covered

The report on global fermented non-dairy non-alcoholic beverages market covers segments such as product type, and distribution channel. On the basis of product type, the sub-markets include fermented soft drinks, fermented juices, dairy-free drinkable yogurts, and non-dairy kefir. On the basis of distribution channel, the sub-markets include online retail stores, and offline retail stores.

Companies Profiled:

The report provides profiles of the companies in the market such as General Mills, Inc, PepsiCo, Inc., China-Biotics Inc., Yakult Honsha Co. Ltd., Probi AB, DuPont de Nemours, Inc., Chr. Hansen A/S, Lifeway Foods, Danone S.A., AGM Foods PTY Ltd, and Good Karma Foods.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fermented non-dairy non-alcoholic beverages market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.