Published on : Oct 25, 2017
Albany, New York, October 25, 2017: Nowadays, Many consumers are now moving towards non-alcoholic fermented beverages due to increased health consciousness. This consumer awareness about the health has fast-tracked the growth of the non-alcoholic beverage market. An increasing shift to vegan diets due to religious restrictions or generally due to the belief that vegetarian diet helps to stay healthy in the long run is driving the adoption of fermented non-dairy non-alcoholic beverages. Market Research Hub (MRH) has freshly announced a new study to its wide repository, which is titled as “Fermented Non-Dairy Non-Alcoholic Beverages Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” and offers a comprehensive outlook of the overall market covering some prime regions, such as North America, Latin America, Europe, APAC and MEA. In addition, the study includes drivers and restraints of the global fermented non-dairy non-alcoholic beverages market and their impact on each region during the forecast period.
In many regions of the world, fermented beverages have become known for their health-promoting attributes. In addition to binding traditional beverages for commercial use, there have been several innovative efforts to develop non-dairy probiotic, fermented beverages from a variety of substrates, including soy milk, whey, cereals and vegetable and fruit juices. On the basis of recent developments, it is anticipated that fermented beverages will continue to be a significant element within the functional food market. According to the key findings, the global fermented non-dairy non-alcoholic beverages market is expected to be worth US$1,655.1 mn by the end of 2017. Expanding at 5.2% CAGR between 2017 and 2025, the global fermented non-dairy non-alcoholic beverages market is expected to be valued at US$2,483.8 mn by the end of 2025.
According to the report, the continuous launch of new products by manufacturers and technological advancements for processes for the production of fermented non-dairy non-alcoholic beverages is anticipated to augur well for the market’s growth in the upcoming years. For a clear understanding, the report studies the global fermented non-dairy non-alcoholic beverages market based on a few parameters, such as product type, sales channel, and region. In terms of geography, Asia Pacific currently stands the leading regional market for fermented non-dairy non-alcoholic beverages market and is anticipated to lead the overall market in 2017. On the other hand, North America is expected to display the leading CAGR of 5.9% between 2017 and 2025, driven by high per capita disposable income and considerably high spending on foods with health benefits.
By product type, the leading segments in the global market include fermented juices, dairy-free drinkable yogurts, fermented soft drinks and non-dairy Kefir. As mentioned earlier, fermented soft drinks anticipated to stay attractive product segment in forthcoming years. Sales channel classification of the market could be divided into modern trade, specialty stores, convenience stores, online retailers, and other retailing formats.
In order to provide users of this report with a comprehensive view of the market, analysts have included detailed competitiveness analysis and market key players and strategic overview. Some of the major companies operating in the Global Fermented non-dairy non-alcoholic beverages market are Millennium Products Inc., Thurella AG., KeVita, Inc., Health-Ade Llc. Good Karma Foods, Inc., and Konings NV., FENTIMANS, and GT’S LIVING FOODS.
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