Global Dairy-Free Smoothies Market: Overview
Dairy-free smoothies market is set to chart notable growth over the period of 2020 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.
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.
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.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.