Why Is the Kombucha Market Projected to Reach $12.36 Billion by 2031?


Posted October 17, 2024 by Pratiksha

With a strong CAGR of 19.9% from 2024 to 2031, the Kombucha market is forecasted to reach $13.36 billion, spurred by the growing health focus of consumers.
 
Meticulous Research®, a well-respected market research firm, has recently published an insightful report titled “Kombucha Market—Global Opportunity Analysis and Industry Forecast (2024-2031).” The report highlights a promising future for the kombucha market, which is projected to achieve a market value of $12.36 billion by 2031, reflecting a compound annual growth rate (CAGR) of 19.9% from 2024 to 2031.

Request For Sample Report: https://www.meticulousresearch.com/request-sample-report/cp_id=6029?

Drivers of Market Expansion
Several key factors are driving the growth of the kombucha market. Heightened health consciousness among consumers has led to an increase in the consumption of fermented tea beverages. Additionally, there is a growing preference for natural and organic products, alongside a rise in gastrointestinal disorders, which collectively support market expansion. However, the market does face obstacles, including strict regulatory requirements and high production costs that may hinder its growth.

Opportunities for Growth
The rise of new distribution channels also presents significant growth opportunities for market participants. Nevertheless, market players must contend with challenges such as differing taste preferences among consumers. A prominent trend within the kombucha market is the increasing consumer interest in functional beverages that offer health benefits.

Competitive Market Environment
The kombucha market operates within a moderately competitive landscape, characterized by numerous large and small companies at both global and local levels. Key players in the market include The Coca-Cola Company, PepsiCo Inc., Molson Coors Beverage Company, and several others. This diversity among market participants fosters competition and encourages innovation in product offerings.

Market Structure and Segmentation
The kombucha market is categorized based on various criteria, including product type, type, nature, packaging type, and distribution channel. The report thoroughly examines industry competitors and provides a regional and country-level analysis, offering a comprehensive understanding of market dynamics.

Conventional Product Segment
Among the various product types, the conventional segment is expected to dominate the market, capturing a market share of 96.7% in 2024. The affordability, widespread availability, and consumer familiarity with conventional kombucha are significant contributors to its popularity. As gut health and functional beverages gain importance among consumers, conventional kombucha, known for its probiotic content, is likely to continue its upward trend.

Flavored Kombucha Popularity
The flavored segment is also set to maintain a substantial presence in the kombucha market. This is attributed to the rising consumer demand for innovative and premium flavored beverages. The health and wellness movement has significantly influenced this trend, as consumers are increasingly seeking beverages that not only taste good but also provide functional health benefits.

Organic Product Demand
The organic segment is projected to capture a large share of the market in 2024, reflecting consumers' growing preference for organic products. This trend is driven by increasing awareness of health, sustainability, and the environmental impact of food choices. The organic kombucha segment is well-positioned to cater to these evolving consumer preferences.

Packaging Innovations
In terms of packaging, the bottles segment is expected to dominate due to its ability to preserve the quality and flavor of kombucha. Glass bottles are particularly favored as they protect the beverage from light and air while enhancing its premium image. This type of packaging appeals to consumers looking for high-quality, artisanal products.

Retail Distribution Trends
Supermarkets and hypermarkets are anticipated to maintain a dominant position in the distribution channels for kombucha. This can be attributed to the increased shelf space dedicated to kombucha in established retail outlets and the growing number of grocery stores. Consumer preference for shopping in modern retail environments and the effective distribution networks utilized by supermarkets further solidify their role in the kombucha market.

Regional Market Analysis
The report provides a thorough analysis of key geographic regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to hold the largest market share, accounting for 48.6% of the market in 2024, with an estimated value of $1,685.3 million. This strong market position is attributed to several factors, including a well-established food and beverage processing industry and a growing awareness of kombucha's health benefits.

Factors Influencing North American Growth
Additionally, the increasing incidence of obesity in North America has led to a shift in consumer preferences toward non-carbonated and low-calorie beverages, driving the growth of the kombucha market in the region. As health-conscious trends continue to rise, North America's kombucha market is poised for further expansion.

Buy Now: https://www.meticulousresearch.com/Checkout/34235575?

About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Meticulous Research
Phone 07447780008
Business Address Office No-202, 203,204,205,206; 2nd Floor, Pushpak Business Hub, Pune, Wakad, Pimpri-Chinchwad, Maharashtra 411057
Country India
Categories Food , Health , Research
Last Updated October 17, 2024