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Fermented Non-Dairy Non-Alcoholic Beverages Market: Launch of New Products Aimed at Millennials to Aid Growth

The global fermented non-dairy non-alcoholic beverages market is rising steadily driven by a number of favorable factors. The rising acceptance of the notion that fermented non-dairy non-alcoholic beverages are beneficial for improving gut health is leading to their increasing adoption. Further, 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.

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However, factors such as product offerings from large beverage manufacturers is preventing regional drinks such as kvass and coconut kefir to penetrate in the global fermented non-dairy non-alcoholic beverages market. Further, low awareness about fermented non-dairy non-alcoholic beverages among individuals in developing countries is also restraining the market’s growth.

As per a report by Transparency Market Research (TMR), 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 2025-end.

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The report studies the global fermented non-dairy non-alcoholic beverages market based on a few parameters, viz. product type, sales channel, and region. The segmentation of the worldwide fermented non-dairy non-alcoholic beverages market by product type could include dairy free drinkable yogurts, fermented juices, fermented soft drinks, and non-dairy kefir. Of them, fermented soft drinks is estimated to hold 59.7% of market share in the global fermented non-dairy non-alcoholic beverages market by 2017-end.

As per the sales channel classification, the market could be divided into modern trade, specialty stores, convenience stores, online retailers, and other retailing formats. Amongst all, the segment of specialty stores is anticipated to hold 25.7% of the market by the end of 2017.

Thurella AG, Good Karma Foods Inc., Health-Ade Llc, FENTIMANS, KeVita Inc., Millennium Products Inc., Konings NV, and GT’S LIVING FOODS are the key companies that operate in the global fermented non-dairy non-alcoholic beverages market.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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