$2.05 Billion Kefir Markets - Global Forecasts from 2020 to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 24, 2020--
The “Kefir Market - Forecasts from 2020 to 2025” report has been added to ResearchAndMarkets.com’s offering.
The kefir market is expected to grow at a compound annual growth rate of 6.12% over the forecast period to reach a market size of US$2.053 billion in 2025 from US$1.437 billion in 2019.
The global recognition of the importance of digestive health and the surge in consumption intended to facilitate immunity enhancement after COVID 19 are expected propel the kefir market growth.
The growing population and rural to urban migration are at the forefront which is estimated to drive the aforesaid. In view of the above, the effectuation of swift adoption of new lifestyle trends that are expected to drive the demand for healthy consumption is expected to occur during the next few years. This would partly stem from the increasing availability of disposable income which would ensure the facilitation of transitioning from the traditional way of living to lifestyles that are common among urban dwellers.
The effects of rapid urbanization also invariably would lead to the obtaining of better and higher education by a relatively larger chunk of the population which automatically would result in the capacity of high-income generation as well as a conscientious investment in integration of nutritious food in everyday diet. This will lead to consumption of food and beverage products that are fortified leading to a surge in the new product development in the food and beverage industry among others.
Further, the growing inclination towards fortified beverages which not only supplements any nutritional deficiency in diets but also aid in digestive health enhancement and bolster immunity and the steadily growing base of consumers who are increasingly preferring vegan and organic products are expected to facilitate a robust kefir market growth during the forecast period. Moreover, there has been a growing awareness of the benefits of consuming fermented products which have resulted in a surge in fermented beverage consumption.
The promise that the ferment market holds to effectuate new product development in the kefir market space is also conclusively substantiated by the estimates of the author which has forecasted the fermented drinks market is projected to grow at a compound annual growth rate of 24.19% over the same forecast period to attain a market size of US$3,799.830 million in 2025 from the estimates of 2018 which is in the order of US$1,305.525 million.
Thus, the growing trend of fermented drinks as one of the most commonly consumed beverages around the world is expected catapult the kefir market growth to a new echelon during the forecast period. To this end, it is pertinent to note that over the past few years with the gradual improvements in fermenting techniques along with the increased investments in research and development of other processing technologies and their subsequent implementation, the growing demand for fermented beverages have been prioritized by various players as well as has made way for market disruptors which have increased the competitiveness of the kefir market.
This has also enabled the food and beverage industry to successfully respond to the consumer sentiments which is increasingly geared towards all-natural food and beverage products and continue to do so. Moreover, regional strategies like that of The Farm to Fork Strategy which is at the core of the European Green Deal that is aimed to make food systems environmentally-friendly, fair, and healthy are also, in part, is poised to positively influence the growth of the kefir market around the world.
Key Topics Covered:
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Kefir Market Analysis, by Nature
6. Kefir Market Analysis, by Type
7. Kefir Market Analysis, by Application
7.2. Food and Beverage
8. Kefir Market Analysis, by Distribution Channel
9. Kefir Market Analysis, by Geography
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.1. Agua De Madre
11.2. Biotiful Dairy
11.4. Coyo Pty Ltd.
11.5. Good Culture, LLC
11.6. Gt’S Living Foods
11.7. Kefir Culture
11.8. Kevita.Com (Pepsico)
11.9. Lifeway Foods, Inc.
11.10. Odysea Ltd
For more information about this report visit https://www.researchandmarkets.com/r/2a1x7b
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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Research and Markets
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PUB: 12/24/2020 04:49 AM/DISC: 12/24/2020 04:49 AM