Global Dairy-Free Smoothies Market Overview:
Smoothies without dairy are produced with dairy alternatives including water, soy milk, almond milk, coconut milk, hazelnut milk, and others. Consuming dairy products in excess can cause elevated sugar levels, acne, nausea, diarrhea, and cramps, among other problems since they are hard to digest. Customers worldwide are increasingly looking for pleasant, simple-to-digest alternatives to dairy-based beverages, like dairy-free smoothies, as a result of growing knowledge of these ill effects. These factors are driving the market.
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Growing health-conscious population and increasing prevalence of lactose intolerance, Growing Adoption of tasty alternatives to dairy-based beverages and Growing adoption of plant-based beverages
Market Growth Drivers:
Increasing Prevalence of Lifestyle Diseases, The rise in Trend of Veganism Is Being Witnessed Across Europe, Increasing Number of Product Launches and Investments by Major Players, Nutritional Benefits Offered By Plant-Based Dairy Alternative Beverages, Growing Consumer Inclination toward Veganism and Rapidly Growing Beverage Industry
Lack of Awareness among Consumers
Relatively High Prices of Plant-Based Beverages as Compared to Dairy Milk
Integration of Value-Added Ingredients and Flavour Innovations in Dairy Alternative Beverages and Favorable Marketing and Correct Positioning of Plant-Based Beverages
Global Dairy-Free Smoothies is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Innocent Drinks (United Kingdom), Tate & Lyle plc. (United Kingdom), Life Force Beverages LLC (United States), Golden State Foods Corporation (United States), Beaming Wellness, Inc. (United States), Maui Wowi Franchising, Inc. (United States), Campbell Soup Company (United States), Tasti D-Lite, LLC. (United States), WWF Operating Company (United States), Retail Zoo Pyt Ltd. (Australia) and Naked Juice (United States). Considering Market by Distribution Channels, the sub-segment i.e. Direct (B2B) will boost the Dairy-Free Smoothies market. Considering Market by Flavour, the sub-segment i.e. Fruit Flavour Dairy-Free Smoothie will boost the Dairy-Free Smoothies market. Considering Market by Source, the sub-segment i.e. Fruit-Based Dairy-Free Smoothie will boost the Dairy-Free Smoothies market.
Latest Market Insights:
In February 2021, Tate & Lyle PLC (Tate & Lyle), a leading global provider of food and beverage ingredients and solutions, announces that it has today completed the acquisition of an 85% shareholding in Chaodee Modified Starch Co., Ltd., a well-established tapioca modified food starch manufacturer located in Thailand.
In May 2021, Naked Juice, an American brand of juices and smoothies, announced introducing two new ready-to-drink protein-rich dairy-free smoothies, Rich Chocolate and Velvety Vanilla. Indulgent Protein is an ideal on-the-go option for those looking for a delicious and satisfying smoothie after a workout or as an anytime indulgence.
What Can be Explored with the Dairy-Free Smoothies Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dairy-Free Smoothies Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dairy-Free Smoothies
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dairy-Free Smoothies market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dairy-Free Smoothies market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Beverage manufacturers & processors, Traders & Retailers, Regulatory bodies and associations, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.