Kefir Market Revenue to be at $2.47 Billion with CAGR of 6.4% by 2028 | AMR

The global kefir market was accounted for $1.62 billion in 2020, and is projected to reach $2.47 billion by 2028, growing at a CAGR of 6.4% from 2021 to 2028.

Rise in population of lactose intolerant people, strong network and distribution channel with retail stores, and availability of kefir products at affordable prices have boosted the growth of the global kefir market. However, low shelf life and lack of awareness in developing countries hinder the market growth. On the contrary, increase in demand for organic kefir products and untapped potential in Asia-Pacific would open lucrative opportunities for the market players in the future.

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Growth in interest of people towards probiotic drinks and healthy snacks is expected to boost growth of the kefir market.

The increase in demand for immunity boosting supplements and healthy lifestyle is influencing the customers towards consumption of kefir products. As the kefir products are rich source of probiotics and nutrients which promotes immunity and health of the consumer. Furthermore, the surge in the population of lactose intolerant customers leads to the further increase in consumption of kefir products. Owing to the fact that the kefir products can be consumed by lactose intolerant customers. As the kefir products are gluten free, contains active probiotic and is good for the digestion. Also the exchange of various food culture and cuisines across the globe is contributing to the increasing awareness of kefir products and its properties which boosts physical health.

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The global kefir market is segmented into nature, product type, application and source. The nature segmented include organic and conventional. On the basis of product type, the market is classified as flavored and unflavored. Based on the application, market is divided into animal milk, soy milk, coconut milk and others. Region-wise, it is analyzed across North America (the U.S., Canada and Mexico), Europe (UK, Germany, France, Italy, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East and Africa).

The global kefir market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe dominated in terms of revenue in 2020, accounting for more than one-third of the market. However, the market across Asia-Pacific is estimated to manifest the highest CAGR of 5.9% during the forecast period.

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The global kefir market includes an in-depth analysis of the prime market players such as Danone, Biotiful Dairy Ltd, Lifeway Foods, Inc., Fresh Made Dairy, Nestlé S.A., Maple Hill Creamery, LLC., Redwood Hill Farm & Creamery, Nourish Kefir, Yeo Valley, and Springfield Creamery, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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