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Kefir Market Analysis, Size, Share, Trends, Growth, Demand And Industry Forecast 2023-2032

Kefir Market Report

Kefir Market Report

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Kefir Global Market Report 2023 identifies the rising demand for functional beverages as the major driver for the kefir market's growth in the forecast period. A functional beverage is a non-alcoholic drink that contains ingredients such as herbs, vitamins, minerals, amino acids, additional raw fruit or vegetables, and others. The demand for nutrient-rich drinks, sugar-free products, and non-dairy products lead to the Kefir market growth. According to the data published by Nielsen IQ in March 2021, a US-based information services company, products that fit the requirements for a plant-based diet made up 14% of the money spent on food and beverages.

The global kefir market size grew from $1.75 billion in 2022 to $1.87 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global kefir is expected to grow to $2.44 billion in 2027 at a CAGR of 6.8%.

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Major competitors in the kefir market are Danone S.A, Lifeway Foods, Inc., Nestle SA, Fresh Made Dairy, Maple Hill Creamery.

A key trend in the kefir market includes R&D initiatives and investments. As the preferences of people for healthy snacks and drinks are growing, the companies operating in the kefir market are investing in R&D activities to develop innovative kefir products. For instance, in October 2021, a New Zealand-based producer of young coconut kefir launched a crowd funding campaign to support the research and development of an innovative new range of kefir-fermented food and beverage products, in collaboration with local producers of Aotearoa.

Read More On The Global Kefir Market Report Here:
https://www.thebusinessresearchcompany.com/report/kefir-global-market-report

The kefir market is segmented -
•By Type: Milk Kefir, Water Kefir
•By Form: Organic, Conventional
•By Category: Flavored kefir, Non-Flavored kefir
•By Source: Animal milk , Soy milk , Coconut milk, Other Sources
•By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Other Distribution Channels
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the kefir market.

The Business Research Company's "Global Kefir Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Kefir Market Report Here:
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The Table Of Content For The Kefir Market Include:
1. Executive Summary
2. Kefir Market Characteristics
3. Kefir Market Trends And Strategies
4. Kefir Market - Macro Economic Scenario
5. Kefir Market Size And Growth
……
26. Africa Kefir Market
27. Kefir Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Kefir Market
29. Kefir Market Future Outlook and Potential Analysis
30. Appendix

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