Fermented Drinks Market is predicted to reach USD 6.53 billion at a CAGR of 5.90% during the forecast period:
Market Research Future (MRFR) has published a cooked research report on the “Global Fermented Drinks Market” that contains information from 2018 to 2032. The Fermented Drinks market is estimated to register a CAGR of 5.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Fermented Drinks market— Döhler (Germany), Sula Vineyards Pvt. Ltd (India), Caldwell Bio Fermentation Canada Inc. (Canada), KeVita, Inc. (California), Lifeway Foods, Inc. (US), Nestlé S.A. (Switzerland), PepsiCo Inc. (US), Heineken (Netherlands), The Kefir Company (New Zealand), Yakult Honsha Co., Ltd. (Japan), Puna Noni Naturals (US), and The Coca Cola Company (US).
Fermented Drinks Market Highlights
The global Fermented Drinks market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 6.53 billion by 2032.
The fermented drinks market encompasses a diverse range of beverages produced through microbial fermentation processes. These include products like kombucha, kefir, and traditional fermented dairy drinks. With growing consumer interest in probiotics and unique flavors, the fermented drinks market has experienced substantial growth and innovation in recent years.
Segment Analysis
The global Fermented Drinks market has been segmented based on Source, Type and Distribution Channel.
On the basis of Source, the market is segmented into fruits, vegetables, grains, milk, and others. Since grains are expected to provide considerable profits through 2032 due to their increased consumption in a number of emerging nations with weak nutritional security and an increase in gut pathogen infections, grains have dominated the market.
Based on Type, the global Fermented Drinks market has been segmented into alcoholic and non-alcoholic. The non-alcoholic segment of the market predominated; grains are expected to generate considerable profits until 2032, thanks to their increased consumption in a number of emerging nations with weak nutritional security and an increase in the prevalence of gut pathogen infections.
Based on Distribution Channel, the global Fermented Drinks market has been segmented into store-based and Non-store based. The category that was based on stores made the most money. Due to simple access and availability, people prefer to purchase at brick-and-mortar supermarkets, which account for a substantial portion of this segment's market share. Another factor is the expanding urban population.
Regional Analysis
The global Fermented Drinks market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Fermented Drinks market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Fermented Drinks market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Fermented Drinks market comprises of Middle East, Africa, and Latin America.
The North American Fermented Drinks Market dominated this market in 2022 Due of the expanding demand for probiotic-rich foods and beverages in this region as well as the region's growing vegan population and customer preference for plant-based diets.
Due to growing consumer awareness of the health advantages of eating fermented vegetables, technological developments in food fermentation, and the expanding trend of plant-based snacking, the demand for fermented food and beverage products in the Region currently holds the second-largest market share. Additionally, the UK's market for fermented drinks grew at the highest rate in the European Region, while Germany's market for the product had the largest market share.
Moreover, from 2023 to 2032, the Fermented Drinks Market in Asia-Pacific is anticipated to experience the quickest CAGR growth. This is brought on by rising disposable incomes, population growth, rapid urbanisation, and rising consumer demand for nutritarian food and drink. Additionally, the Indian market for fermented drinks in the Asia-Pacific region had the quickest rate of growth. China's market for fermented drinks had the largest market share.
Key Findings of the Study
- The global Fermented Drinks market is expected to reach USD 6.53 billion by 2032, at a CAGR of 5.90% during the forecast period.
- The North American Fermented Drinks Market dominated this market in 2022 Due of the expanding demand for probiotic-rich foods and beverages in this region as well as the region's growing vegan population and customer preference for plant-based diets.
- Based on Type, The non-alcoholic segment of the market predominated; grains are expected to generate considerable profits until 2032.
- Döhler (Germany), Sula Vineyards Pvt. Ltd (India), Caldwell Bio Fermentation Canada Inc. (Canada), KeVita, Inc. (California), Lifeway Foods, Inc. (US), Nestlé S.A. (Switzerland), PepsiCo Inc. (US), Heineken (Netherlands), The Kefir Company (New Zealand), Yakult Honsha Co., Ltd. (Japan), Puna Noni Naturals (US), and The Coca Cola Company (US).
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Companies Covered | 15 |
Pages | 90 |
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