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Market Overview:
The global kefir market size was valued at USD 1.23 billion in 2019 and is projected to reach
USD 2.40 billion by 2032, exhibiting a CAGR of 5.39% during the forecast period
based on our analysis in the existing report.
The surge can be credited to the escalating popularity of probiotic
beverages and foods. This is further supplemented by the soaring awareness
regarding digestive health among manufacturers for the development of novel
probiotic beverages.
Fortune Business Insights™ cites this
information in its research report, titled “Kefir Market, 2020-2032”.
List of Key Players Mentioned in the Report:
Segments:
Dairy Segment to Register Substantial Surge Owing to
Escalating Demand for Dairy Nutrients
Based on product type, the dairy-based segment is
anticipated to record lucrative growth through the estimated period. The rise
can be credited to the escalating demand for dairy nutrients such as milk
proteins. On the basis of region, the market is subdivided into Europe, North
America, Asia Pacific, the Middle East & Africa, and South America.
Organic Segment to Record Appreciable Expansion Due to
Rising Demand for Organic Dairy Products
Based on nature, the organic segment is expected to register
commendable expansion over the forecast period. The surge can be attributed to
the soaring popularity of organic beverages and food. Besides, organic milk has
secured a mainstream place in retail aisles. The growing demand for organic
milk is set to drive segmental expansion over the forthcoming years.
Flavored Segment to Exhibit Notable Surge Driven by
Surging Demand for Flavored Drinks
The flavored segment is estimated to exhibit remarkable
growth through the forecast period. The rise can be credited to the escalating
popularity of flavored beverages and the surging demand for flavored drinks.
The segmental growth can be further attributed to the escalated utilization of
natural flavors such as flowers, vegetables, and fruits.
Supermarkets/Hypermarkets Segment to Record Commendable
Growth Due to Rising Technological Advancements
The supermarkets/hypermarkets segment is anticipated to
record appreciable growth through the forthcoming years. The rise can be
attributed to an upsurge in the number of investors capitalizing on buyer
demand for comfort to provide easy shopping experience. Additional factors
favoring the segmental growth include the surging adoption of technological
equipment.
Report Coverage:
The report provides a comprehensive coverage of the
significant aspects that are expected to drive product demand over the coming
years. It further gives an insight into the prominent factors favoring industry
expansion through the forecast period. These findings have been provided after
in-depth research and data collation from credible sources.
Source: https://www.fortunebusinessinsights.com/kefir-market-102463
Drivers and Restraints:
Market Value to Rise Driven by Soaring Popularity of
Functional Beverages
Kefir market growth can be credited to the surging
popularity of functional beverages. The industry expansion is being propelled
by the escalating demand for nutrient-enriched beverages for decreasing the
risk of certain health conditions.
However, the industry expansion is likely to be hindered by
the rising incorporation of lactic acid yeast or bacteria. The uncontrollable
surge of these bacteria brings about a reduction in the sensory parameters of
kefir for reducing its palatability.
Regional Insights:
Europe to Emerge Prominent Owing to Escalated Awareness
Regarding Digestive Health
Europe kefir market share is estimated to register substantial
expansion over the forecast period. The rise is being impelled by the soaring
awareness regarding digestive health among consumers. This is further
supplemented by the growing demand for probiotic food and the mounting
popularity of vegan diets.
The region of North America is expected to record
commendable growth driven by the increasing popularity of nutritional and
fermented beverages. Additional factors favoring the regional growth comprise
escalating investments in new product developments and research activities.
Competitive Landscape:
Industry Players Enter Partnership Agreements to
Consolidate Market Position
Prominent kefir companies are focused on a series of
strategic initiatives such as mergers, partnerships, collaborations, and the
formation of alliances for strengthening their industry position. Besides, some
industry players are entering collaborations and partnership agreements for
impelling market growth through the forthcoming years.
Key Industry Development:
July 2021 – Lifeway Foods, Inc., announced the
first expansion of the brand in the French market for kefir distribution.
Market Overview:
The global kefir market size was valued at USD 1.23 billion in 2019 and is projected to reach
USD 2.40 billion by 2032, exhibiting a CAGR of 5.39% during the forecast period
based on our analysis in the existing report.
The surge can be credited to the escalating popularity of probiotic
beverages and foods. This is further supplemented by the soaring awareness
regarding digestive health among manufacturers for the development of novel
probiotic beverages.
Fortune Business Insights™ cites this
information in its research report, titled “Kefir Market, 2020-2032”.
List of Key Players Mentioned in the Report:
Segments:
Dairy Segment to Register Substantial Surge Owing to
Escalating Demand for Dairy Nutrients
Based on product type, the dairy-based segment is
anticipated to record lucrative growth through the estimated period. The rise
can be credited to the escalating demand for dairy nutrients such as milk
proteins. On the basis of region, the market is subdivided into Europe, North
America, Asia Pacific, the Middle East & Africa, and South America.
Organic Segment to Record Appreciable Expansion Due to
Rising Demand for Organic Dairy Products
Based on nature, the organic segment is expected to register
commendable expansion over the forecast period. The surge can be attributed to
the soaring popularity of organic beverages and food. Besides, organic milk has
secured a mainstream place in retail aisles. The growing demand for organic
milk is set to drive segmental expansion over the forthcoming years.
Flavored Segment to Exhibit Notable Surge Driven by
Surging Demand for Flavored Drinks
The flavored segment is estimated to exhibit remarkable
growth through the forecast period. The rise can be credited to the escalating
popularity of flavored beverages and the surging demand for flavored drinks.
The segmental growth can be further attributed to the escalated utilization of
natural flavors such as flowers, vegetables, and fruits.
Supermarkets/Hypermarkets Segment to Record Commendable
Growth Due to Rising Technological Advancements
The supermarkets/hypermarkets segment is anticipated to
record appreciable growth through the forthcoming years. The rise can be
attributed to an upsurge in the number of investors capitalizing on buyer
demand for comfort to provide easy shopping experience. Additional factors
favoring the segmental growth include the surging adoption of technological
equipment.
Report Coverage:
The report provides a comprehensive coverage of the
significant aspects that are expected to drive product demand over the coming
years. It further gives an insight into the prominent factors favoring industry
expansion through the forecast period. These findings have been provided after
in-depth research and data collation from credible sources.
Source: https://www.fortunebusinessinsights.com/kefir-market-102463
Drivers and Restraints:
Market Value to Rise Driven by Soaring Popularity of
Functional Beverages
Kefir market growth can be credited to the surging
popularity of functional beverages. The industry expansion is being propelled
by the escalating demand for nutrient-enriched beverages for decreasing the
risk of certain health conditions.
However, the industry expansion is likely to be hindered by
the rising incorporation of lactic acid yeast or bacteria. The uncontrollable
surge of these bacteria brings about a reduction in the sensory parameters of
kefir for reducing its palatability.
Regional Insights:
Europe to Emerge Prominent Owing to Escalated Awareness
Regarding Digestive Health
Europe kefir market share is estimated to register substantial
expansion over the forecast period. The rise is being impelled by the soaring
awareness regarding digestive health among consumers. This is further
supplemented by the growing demand for probiotic food and the mounting
popularity of vegan diets.
The region of North America is expected to record
commendable growth driven by the increasing popularity of nutritional and
fermented beverages. Additional factors favoring the regional growth comprise
escalating investments in new product developments and research activities.
Competitive Landscape:
Industry Players Enter Partnership Agreements to
Consolidate Market Position
Prominent kefir companies are focused on a series of
strategic initiatives such as mergers, partnerships, collaborations, and the
formation of alliances for strengthening their industry position. Besides, some
industry players are entering collaborations and partnership agreements for
impelling market growth through the forthcoming years.
Key Industry Development:
July 2021 – Lifeway Foods, Inc., announced the
first expansion of the brand in the French market for kefir distribution.
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