The global dairy-free smoothies market is expected to exhibit growth at a CAGR of around 6% to 7% during the forecast period 2022-2032. Increasing demand for alcohol-free beverages with enticing flavors amongst the individuals that are sensitive or allergic to dairy products is accelerating the sales of dairy-free smoothies in the global market.
Dairy-free smoothies are beverages made from other dairy substitutes such as soy milk, almond milk, coconut milk, hazelnut milk, water, and others. Dairy products are difficult to digest and excessive consumption of these products can result in increased sugar levels, acne, nausea, diarrhea, and cramps among others.
With increasing awareness regarding these side effects, consumers across the globe are increasingly looking for easy-to-digest and tasty alternatives to dairy-based beverages such as dairy-free smoothies. This is projected to bolster the demand for dairy-free smoothies in the global market.
What are Prominent Drivers Accelerating the Sales of Dairy-Free Smoothies in the Market
The burden of food-related allergies and intolerance related to the consumption of milk and dairy products is growing at a robust pace, resulting in accelerating the demand for dairy-free alternatives across the globe. According to a study by the National Institute of Diabetes and Digestive and Kidney Diseases, in 2020, nearly 68% of the population worldwide was reported to be having difficulty in the digestion and absorption of lactose.
Due to this reduction in the ability to digest lactose (milk sugar) and increasing prevalence of lifestyle diseases, a significant rise in consumption of dairy alternatives and lactose-free products such as ice cream, flavored milk, cheese, dairy-free smoothies, and others is being witnessed. This is anticipated to create a conducive environment for the growth in the dairy-free smoothies market.
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What are the Challenges Restraining the Growth in the Global Dairy-Free Smoothies Market
Increasing awareness regarding the side effects such as weight gain, digestive distress, bowel syndrome, constipation, and others due to the consumption of dairy-free products such as flavored milk and smoothies made of coconut milk is hampering the sales in the coconut segment.
Also, the relatively high cost of dairy-free smoothies in comparison to conventional milk-based smoothies and limited flavor availability are hindering the demand in the global market.
Why is the Dairy-Free Smoothies Market in North America Growing at a Rapid Pace
Future Market Insights reveals that North America is projected to exhibit growth at a robust CAGR in the global dairy-free smoothies market from 2022 to 2032.
Growing health-conscious population and increasing prevalence of lactose intolerance across North America have resulted in increasing the demand for dairy-free products in countries such as the U.S. and Canada. Hence, leading players in the market are aiming at launching novel dairy-free products with new flavors to cater to this rising demand.
For instance, in 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. A multiplicity of such new product launches are estimated to augment the sales of dairy-free smoothies in the North America market.
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How is Europe Contributing to the Growth in the Dairy-Free Smoothies Market
Europe is expected to account for a significant share in the global dairy-free smoothies market during the forecast period 2022-2032, as per FMI.
In the past few years, a swift rise in trend of veganism is being witnessed across Europe, owing to the increasing awareness regarding health benefits and rising concerns pertaining to animal welfare, creating immense growth prospects for dairy alternative products.
According to a study by the Viva Organization, approximately 3% of the population or around 2 Mn people acrpss the U.K. identify themselves as a vegan. This rise in the vegan population is propelling the demand for dairy-free smoothies, ice creams, shakes, flavored soy milk, and others, thereby bolstering the sales in the Europe market.
Market Competition
Some of the leading players in the dairy-free smoothies market are Life Force Beverages LLC, Tasti D-Lite, LLC., Golden State Foods Corporation, Naked Juice, WWF Operating Company., Beaming Wellness, Inc., Maui Wowi Franchising, Inc., Innocent Drinks, Tate & Lyle plc., Campbell Soup Company, and Retail Zoo Pyt Ltd., and others.
Attributed to the large number of participants and growing emphasis on new product launches, the market for dairy-free smoothies is highly competitive.
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Scope of Report
Report Attribute
Details
Growth Rate
CAGR of 6% to 7% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Source
Flavor
Distribution Channel
Region
Countries Covered
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Key Companies Profiled
Life Force Beverages LLC
Tasti D-Lite, LLC.
Golden State Foods Corporation
Naked Juice
WWF Operating Company
Beaming Wellness, Inc.
Maui Wowi Franchising, Inc.
Innocent Drinks
Tate & Lyle plc.
Campbell Soup Company
Retail Zoo Pyt Ltd.
Others
Customization
Available Upon Request
Key Segments Profiled in the Dairy-Free Smoothies Market Survey
By Source:
Fruit Based Dairy-Free Smoothie
Water Based Dairy-Free Smoothie
Coconut Milk Dairy-Free Smoothie
Other (Alternative Milk Source)
By Flavor:
Fruit Flavour Dairy-Free Smoothie
Vanilla Dairy-Free Smoothie
Chocolate Dairy-Free Smoothie
Other (Natural Flavours' Dairy-Free Smoothie)
By Distribution Channel:
Direct (B2B)
Indirect (B2C)
Store-Based Retailing
Grocery Retailers
Modern Grocery Retailers
Convenience Stores
Discounters
Traditional Grocery Retailers
Independent Small Grocers
Other Grocery Retailers
Non-grocery Retailers
Mixed Retailers
Medical retailers
Other Non-grocery Retailers
Supermarkets
Online Retailing
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Frequently Asked Questions
What is the demand outlook for dairy-free smoothies market until 2032?
FMI projects the demand for dairy-free smoothies market to expand at rapid value CAGR of 6% to 7% over the forecast period 2022-2032
Which region is forecast to be the most lucrative for dairy-free smoothies market growth?
The dairy-free smoothies market is dominated by North America, and this trend is projected to continue for the assessment period.
Which are some key dairy-free smoothies manufacturer?
Life Force Beverages LLC, Tasti D-Lite, LLC., Golden State Foods Corporation, Naked Juice, WWF Operating Company., Beaming Wellness, Inc., Maui Wowi Franchising, Inc., Innocent Drinks, Tate & Lyle plc., Campbell Soup Company, and Retail Zoo Pyt Ltd., and others are some key dairy-free smoothies manufacturer.
