Global Dairy-Free Smoothies Market: Overview
Dairy-free smoothies market is set to chart notable growth over the period of 2024 to 2030. As per Transparency Market Research, the compound annual growth rate of the market will be steady over this period, creative a conducive environment for growth of lucrative opportunities. Market players are proactive and will leave no stone unturned to make the most of emerging avenues. A host of growth measures are expected to e deployed by these players to carve off a larger revenue share of the growing market. As far as the growth factors are concerned, there numerous and varied trends and drivers, which are marking the landscape, keeping the trajectory high.
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Global Dairy-Free Smoothies Market: Competitive Landscape
The vendor landscape of global dairy-free smoothies market is fragmented and the degree of fragmentation is anticipated to increase over the forecast period as new players would try to enter the market to slice off a share from the growth for them. The players that enjoy strong reputation and a notable market share in the dairy-free smoothies landscape are:
- Innocent Drinks
- Tate & Lyle plc.
- Life Force Beverages LLC
- Golden State Foods Corporation
- Beaming Wellness, Inc.
- Maui Wowi Franchising, Inc.
- Campbell Soup Company
- Tasti D-Lite, LLC.
- WWF Operating Company.
- Retail Zoo Pyt Ltd.
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Global Dairy-Free Smoothies Market: Key Trends and Drivers
A large number of reasons are seen behind projected growth for global dairy-free smoothies market over the assessment period of the upcoming report on this market. In this report, Transparency Market Research has deep dived into growth dynamics to provide granular insights to readers. Some of the top trends and drivers that are anticipated to have a major influence on growth in the market are outlined below:
- Number of vegans is growing in the world and this is not just limited to pre-dominantly vegetarian regions of the world. Some of these are regions that have traditionally consumed meat and dairy in large quantities – such as United States of America, Canada and the European region. The growing awareness of cruelty done to animals that provide meat and dairy is one of the notable reasons behind this shift. This is set to fuel growth in the global dairy-free smoothies market over the forecast period.
- Increase in allergic reactions to lactose is being noted worldwide and that is leading to notable growth in demand for non-dairy products in the market. It is quite interesting to note here that world over about 65% people suffer from reduced ability to drive digest lactose. A large chunk of this population is of East Asian Descent. This is a major contributing factor in the growth of global dairy-free smoothies market.
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Global Dairy-Free Smoothies Market: Regional Analysis
Notable markets in the global dairy-free smoothies market will be North America and Europe as far as revenues are concerned. It is quite interesting to note here that these regions, though pre-dominantly meat eating, are not witnessing a large number of subscribers to the vegan way of life. One of the biggest reasons behind this is growing awareness regarding cruelty to animals, especially those producing milk. Additionally, there is notable increase in cases of lactose intolerance in these regions. All this leads to increased demand for dairy-free smoothies in the region, contributing massively to growth in market. It is worth noting here that about 6% consumers in the United States of America call themselves vegans, which is an impressive 500% increase from number of people in 2014 who called themselves vegan (1%). In Great Britain, an increase of 300% is noted in the same period.
