Press release
Kombucha Market is anticipated to reach USD 7,012 million by 2027, Growing at 19.5 CAGR during 2020-2027 | Size, Share, Growth & Forecast
Kombucha Market
The Kombucha Market is expected to reach USD 7,012 million by 2027, growing at a CAGR of 19.5% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/kombucha-market-size-analysis-industry-research/
The factors driving the growth of Kombucha Market includes rising consumers inclination towards adopting healthy lifestyles, growing demand for functional beverages around the world and increasing awareness about the health benefits of consuming kombucha. According to the report published by Statista, the market size of Functional Beverage Market worldwide has increased drastically from USD 55 billion in 2010 and is expected to reach around USD 93.7 billion in 2019, which will accelerate the Kombucha Market share in the approaching years. Moreover, rise in the launch of innovative products, availability of different variety of kombucha products at the e-commerce platforms and growing focus by major corporations on enhancing the packaging styles, are some of the additional factors supplementing the Kombucha Market Growth. In addition, the increasing investments by major companies on research and development, changing consumers behavior, rapid urbanization, rising disposable incomes and growing population growth rates, are further propelling the Kombucha Market size.
However, the growth of Kombucha Market is hindered attributed to strict regulations imposed by regulatory bodies on manufacturing of kombucha.
The major players operating in the market are Hain Celestial, KeVita., Wonder Drink., Asheville Kombucha Mamas, LLC, Cell - Nique Corporation, GT'S LIVING FOODS. NessAlla Kombucha, The Coca-Cola Company, Kosmic Kombucha, LIVE Soda and LLC, The Bu LLC., among others.
Based on Type, the Flavored segment is predicted to grow at a significant CAGR during the forecast period
Flavored kombucha is increasingly used in different food and beverages owing to its health benefits, is propelling the segment's growth.
Based on Distribution Channel, the Supermarkets/Hypermarkets segment is projected to expand at a robust CAGR over the forecast period
Supermarkets offer wide range of kombucha flavored beverages with attractive discount offers and provide free home delivery options to their regular customers, are some of the factors pushing the growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to capture a sizeable market share during the forecast period
As per the Kombucha Market Research, growing consumer preference for adopting healthy lifestyles, rise in the launch of innovative kombucha drinks, rapid urbanization, increasing disposable incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Development
In 2018, The Coca-Cola Company acquired "Organic & Raw Trading Co." the company operating the "MOJO" brand of kombucha beverage offerings. This acquisition will strengthen company's position in the kombucha beverages market.
Market Segmentation
Segmentation by Type
Natural
Flavoured
Segmentation by Distribution Channel
Supermarkets/Hypermarkets
Health Stores
Online Stores
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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