Kombucha Market to Reach $15.13 Billion, Globally, by 2033 at 19.77% CAGR: The Brainy Insights
The Brainy Insights
4 min read
The Brainy Insights
The rising obesity in the region has led to changes in consumer preferences towards non-carbonated and low-calorie drinks fuelling the kombucha market growth in the North America.
Newark, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The global kombucha market is experiencing significant growth, driven by increasing health consciousness among consumers and a shift towards natural, organic beverages. Below is a detailed overview of the market's current state and prospects.
Market Introduction
The global kombucha market is expected to grow from USD 2.49 billion in 2023 to USD 15.13 billion by 2033, at a CAGR of 19.77% during the forecast period 2024-2033. This fermented tea beverage, known for its probiotic properties, has transitioned from a niche product to a mainstream beverage choice, particularly in North America.
Recent innovations in the kombucha sector include the introduction of performance-oriented blends by brands like Nova Easy Kombucha, which cater to health-conscious consumers. These blends are designed to meet specific needs, such as energy enhancement and gut health support. Additionally, companies like Remedy Drinks are expanding their product lines and distribution networks, including entry into markets like the UK and collaborations in China to leverage the growing demand for healthier beverage options.
Market Drivers
Several factors are propelling the growth of the kombucha market:
• Health Benefits: Increasing awareness of the health benefits associated with probiotics, such as improved gut health and enhanced immunity, is driving consumer interest. • Natural Ingredients: A growing preference for clean-label products made from natural ingredients is boosting demand for kombucha, which is typically free from artificial additives. • Consumer Trends: The millennial demographic's shift towards healthier lifestyles and alternatives to sugary or alcoholic beverages is further fueling market growth.
Market Restraints
Despite its growth, the kombucha market faces certain challenges:
• Regulatory Hurdles: The presence of alcohol in some kombucha products can lead to regulatory scrutiny, impacting market accessibility in certain regions. • Competition from Other Beverages: The rise of various health drinks and functional beverages may pose competition to kombucha, potentially limiting its market share.
Market Opportunities
The kombucha market presents several opportunities for growth:
• Product Diversification: There is significant potential for introducing new flavors and formulations, particularly those targeting specific health benefits, such as energy or digestive health. • Expansion into Emerging Markets: As global health trends continue to rise, expanding into emerging markets where health-consciousness is growing can provide lucrative opportunities for kombucha brands.
Report Scope and Segmentation –
Report Coverage
Details
Forecast Period
2024-2033
Forecast CAGR
19.77%
2023 Value Projection
USD 2.49 Billion
Market Size in 2033
USD 15.13 Billion
Historical Data
2020-2022
No. of Pages
236
Report Coverage
Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends
Segments Covered
product, type, distribution channel, and regions
Regions Covered
The regions analysed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analysed at the country level.
Kombucha Market Growth Drivers
The increase in the number of people becoming health conscious
The kombucha market is segmented geographically, with notable growth in:
• North America: Dominating the market, this region is expected to continue leading due to high consumer awareness and demand for health-oriented beverages. • Europe and Asia-Pacific: These regions are also witnessing increasing adoption of kombucha, driven by health trends and a growing preference for organic products.
Key Players
The competitive landscape of the kombucha market includes several key players, such as:
Wonder Drink, Live Soda Kombucha, Millennium Products, Inc., Reed’s, Inc., The Hain Celestial Group, Nesalla Kombucha, Makana Beverages Inc., Red Bull Gmbh, Revive Kombucha, Kosmic Kombucha, Townshend’s Tea Company, Cell - Nique Corporation, The Humm Kombucha, Buchi Kombucha, and Gt’s Kombucha.
These companies are actively engaging in product innovation and strategic partnerships to enhance their market presence and cater to evolving consumer preferences. In conclusion, the kombucha market is positioned for robust growth, driven by health trends and consumer preferences for natural beverages. As brands continue to innovate and expand, they are likely to capture an even larger share of the beverage market in the coming years.
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market.
