Kombucha Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Kombucha Market: Snapshot
As functional foods and beverages catch up with a large section of the population, demand for healthful drinks see an upward rise. And, thus it comes as a surprise to none that the Kombucha market is set to chart significant growth. And, the steady CAGR will not only present players with significant growth opportunities but also improvement in market worth.
The beverage also known as the tea of immortality is known to have low sugar content and rich vitamin composition. This makes it quite popular among the masses, particularly the millennial demographics and gen Y, who view it as a potent health drink. Besides, this section of the population is one which is discriminative and quite educated regarding ingredients.
Some of the prominent developments that are shaping the future of the global kombucha market are outlined below:
In 2018, the leading coffee chain – Starbucks – introduced kombucha beverage line. It was organic and had six different flavors to catch the imagination of the target population (millenials and Gen Ys specifically).
In the same year, KYLA Hard Kombucha came up with cold brew coffee, infused with kombucha. This not only tells us about how well-versed are players regarding consumer taste but also how experimental and on their toes they are to stay ahead of their game.
This is worth noting that in the same year, Flying Embers joined hands with Reyes Beverage Group to launch Adaptogenic Organic Hard Kombucha – fermented alcohol beverage line. And, then towards the end of 2018, a Kombucha maker called Organic and Raw Trending Co. was acquired by Coca Cola.
Also, owing to high levels of awareness regarding health benefits of Kombucha, North America and Europe will hold a major share of the market.
Kombucha Market – Introduction
Kombucha, the tea of immortality, although lost its way in the past, has made a significant comeback on the back of rising consumer awareness regarding health benefits of kombucha. Well aware of the consumer sentiments, beverage producers are actively engaged in introducing different flavors of kombucha in innovative packaging solutions to meet the evolving consumer demand.
While new entrants are engaged in the innovation, traditional players in the kombucha market are seeking to maintain the originality of the kombucha tea by maintaining the traditional tea processing and high product quality. As global health drinks consumption is on the rise, demand for kombucha is set to rise during the forecast period. However, uncertainties associated with the kombucha consumption such as development of unrecognized symptoms and lack of scientific studies are likely to restrain the growth of kombucha market in the future.
Kombucha Market – Notable Developments
Some of the most prominent competitors operating in the competitive landscape of global kombucha market include –
Kombucha Market Dynamics
Strong Consumer Sentiments for Functional Beverages to Fuel Kombucha Market Growth
Value addition remains a primary focus of not only food producers but modern consumers also. This trend has significantly penetrated in the beverage industry wherein consumers strongly seek beverages with functional benefits. Kombucha is a highly embraced health beverage for its rich vitamin content, and dietary and immunity benefits. In addition, low-sugar content and carbonated drink-like characteristics of kombucha are also highly sought after by consumers. As a health drink, millennials and generation Y are likely to present significant demand for kombucha as they are highly discriminative regarding the ingredients of their food and beverage purchase.
Kombucha Marketplace Marked by Innovations, Traditional Players Engaged in Maintaining Original Flavor
Amid the low-sugar diet trend, a significant population of consumers is turning to healthier options over sugary beverages. Well aware of this trend, kombucha producers have introduced multiple product variants in terms of flavor in the kombucha drink. For instance, consumers can find a range of exotic flavors kombucha on retail aisles such as ginger, rose, mint, coconut, lavender, strawberry and others. Also, innovations in packaging solutions are also prominent among kombucha market players in a bid to win over fierce market competition. Also, organic variants of kombucha are gaining popularity wherein organic business giants Uncle Matt, KÖE and Flying Embers have introduced organic kombucha lines in attractive packaging. Kombucha soda is another relatively new entrant in the kombucha market. While new product introduction has become a common trend in the kombucha market, a traditional manufacturer - GT’s is engaged in maintaining the originality of kombucha drink.
Consumer Bewilderment Associated with Kombucha Consumption
While the number of kombucha consumers continues to rise, the global kombucha landscape is witnessing uncertainties with respect to its exaggerated health benefits and risks of developing unrecognized symptoms. Also, daily consumption quantity of kombucha remains under scrutiny as major commercial kombucha are distributed with excess kombucha concentrations as compared to the CDC recommended daily consumption of 12 ounces.
The kombucha production process is another challenge faced by kombucha producers. While there are food safety guidelines to be followed by kombucha market players, its categorization under dietary supplements and herbal remedies leads to lack of regular USDA and FDA monitoring. These loopholes are known to leave pockets of risk factors wherein consumption of unmonitored kombucha carries the risk of developing potential hazardous health effects.
Kombucha Market – Regional Outlook
North America represents a significant consumption of kombucha owing to greater awareness among consumers and the presence of a strong distribution network. Europe followed by North America is the second most lucrative market, wherein demand remains concentrated in Germany and Russia. Increasing consumption of health drinks including functional beverages in these European countries combined with a strong health trend prevailing in the region will present lucrative opportunities for kombucha market players in the coming years. Developing nations in the Asia Pacific region also presents increasing demand for kombucha and rapid growth of the kombucha market.
Kombucha Market – Segmentation
Kombucha market is segmented on the basis of flavor type and distribution channel.
On the basis of flavor type, the kombucha market is segmented into,
On the basis of distribution channel, the kombucha market is segmented into,
The report offers a comprehensive evaluation of the kombucha market. It does so via in-depth qualitative insights, historical data, and verifiable projections about kombucha market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the kombucha market, including but not limited to: Regional markets, technology, types, and applications.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report