Fermented Non-Dairy Non-Alcoholic Beverages Market to grow at a rate of 4.0% & to reach USD 4.37 billion by forecast 2028. It divides by source, type, distribution channel, country
Global fermented non-dairy non-alcoholic beverages market size is expected to grow at a compound annual rate of 4.0% in the forecast period 2021 to 2028 and is likely to reach USD 4.37 billion by 2028. The rise in the product acceptance and usage is the factor responsible for the growth of fermented non-dairy non-alcoholic beverages market in the forecast period of 2021 to 2028.
Fermentation is an age-old process under which carbohydrates are converted into acid, gases, or alcohols. This process helps in improvement of the nutritional content present in the foods. The non – dairy fermented beverages are made from heavily nutritious cereals such as wheat, maize, oats, barely, millet, and rye and the fermented non-dairy non-alcoholic beverages are the healthy alternative to alcohol that gives the same flavor.
The inclination of consumers towards vegan diets is major factor contributing for growth in market. The increasing awareness amongst customers regarding health benefits of fermented non-dairy non-alcoholic beverages such as it is non-alcoholic and reduces the cholesterol and blood pressure and even boosts the immunity level which is estimated to contribute to growth of the market. Increasing disposal income of the consumers is also expected to heighten demand for the fermented non-dairy non-alcoholic beverages market within the forecast period of 2021 to 2028. However, the easy availability of other beverages hinders the growth of market and is projected to act as a restraint, whereas the awareness about these beverages among many regions is limited which is projected as a major challenge the growth of the market. Moreover, the key players within the market are working on R&D in order to launch new and innovative products like new flavored drinks which is estimated to further generate new opportunities for the market in the forecast period of 2021 to 2028.