Fermented Drinks Market Research Report—Forecast till 2027

Fermented Drinks Market Research Report: Information by Source (Fruits, Vegetables, Grains, Milk, and Others), by Type (Alcoholic and Non-alcoholic), by Distribution Channel (Store and Non-Store), and by Region - Forecast till 2027

ID: MRFR/F-B & N/5328-HCR | October 2022 | Region: Global | 90 Pages         

Fermented Drinks Market

Fermented Drinks Market is projected to register a CAGR of 23.87% and reach a value of USD 3,678.750 million by 2030.

Segmentation

By Source Fruits Vegetables Grains Milk Others
By Type Alcoholic Non Alcoholic
By Distribution Channel Store Non Store

Key Players

  • Döhler (Germany)
  • Sula Vineyards Pvt. Ltd (India)
  • Caldwell Bio Fermentation Canada Inc. (Canada)
  • KeVita Inc. (California)
  • Lifeway Foods Inc. (the US)
  • Puna Noni Naturals (the US)
  • NestlĂ© S.A. (Switzerland)
  • PepsiCo Inc. (the US)
  • Heineken (Netherlands)
  • The Kefir Company (New Zealand)
  • Yakult Honsha Co. Ltd. (Japan)
  • The Coca Cola Company (the US)
  • Groupe Danone (France)

Drivers

  • demand for cultured dairy products is increasing
  • rising frequency of health issues
  • rising innovations and the launch of freshly enhanced goods
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Fermented Drinks Market Overview


The global Fermented Drinks Market is expected to grow at a Significant CAGR During Forecast Period. Thus, changing the Fermented Drinks Market Trends and Fermented Drinks Market Outlook. Fermented drinks and beverages are making a resurgence in the food and beverage business due to the health benefits they provide. Non-alcoholic fermented drinks can help restore and maintain digestive health by promoting the growth of beneficial gut flora. Consumers now prefer healthier alternatives to strong alcoholic beverages, such as alcoholic beverages with low alcohol concentration. Several breweries have already developed creative and fresh flavored beers such as chocolate, lemon, and blueberry, among others. Non-alcoholic beverages held 0.92% of the market during the historic forecast period and are expected to increase at the quickest rate over the next seven years.


The market for non-alcoholic fermented drinks is expanding, partly due to increased consumer awareness of the health benefits associated with them, and primarily due to the presence of large multinational corporations that are making fermented drinks and beverages more accessible and visible to consumers.


COVID Analysis


 COVID- 19 pandemics have impacted the fermented food and beverage business by increasing usage of health supplements due to the health benefits they give. Because of the increasing need for probiotics, the pandemic has created an opportunity for Fermented Drinks Market Growth and Fermented Drinks Market Value. This is mostly due to improved health awareness and concern for immunity and thus health well-being. Enhanced fruit drinks and juices, as well as energy drinks, should benefit the market throughout the Fermented Drinks Market Analysis period, owing to increased health concerns as a result of the new coronavirus and the resulting increase in demand for sports and performance drinks. The ongoing COVID-19 pandemic is regarded as a once-in-a-lifetime event that will have a substantial impact on health issues as well as eating and drinking habits. As consumers seek to lower their risk of illness, the demand for functional items that help build immunity will rise. When it comes to such products, they must be seen as economical and reliable in terms of health claims. However, COVID harmed the business and industry line, although there is still room for expansion of Fermented Drinks Market Size and Fermented Drinks Market Share.


Market Dynamics


Drivers


The market is expanding due to increased demand for fermented drinks by the high-net-worth-individual (HNWI) population, particularly in industrialized countries. Consumer preference for optimal hydration has been a critical component in driving Fermented Drinks Market Value. Consumers' increased health concern has resulted in a demand for fermented beverages. Furthermore, global demand for cultured dairy products is increasing. This demand is being driven by new product development, increased taste and diversity, and strong marketing support, all of which are projected to drive growth in the Fermented Drinks Market Trends in the future years. The growing trend of veganism and people's preference for plant-based diets is expected to increase market demand for fermented drinks. The rising frequency of health issues among the world's growing population is predicted to fuel demand for fermented drinks. Furthermore, rising innovations and the launch of freshly enhanced goods by emerging and significant industry players would propel the market during the Fermented Drinks Market Analysis period.


Restraints


Carbonated soft drinks made with natural ingredients are posing a threat to alcoholic fermented drinks. Because of rising disposable incomes and changing lifestyles, the market for alcoholic fermented beverages is expanding but with the development of the luxurious lifestyle, so has the desire for high-quality beer and wine. This will affect the fermented drinks business. In the next years, the high costs associated with premium functional beverages, as well as the low purchasing power of clients in underdeveloped countries, may pose a significant challenge to the Fermented Drinks Market Outlook. The risk connected with energy drink usage and the availability of a healthy substitute is expected to hinder the growth of the fermented drinks market during the forecast period.


Technology Analysis


Factors driving the worldwide fermented beverages market include increasing technological improvement in the fermentation process, rising investment in the food and beverage industry, and mergers and acquisitions between supply chain members and fermented beverage producers. Companies in the fermented beverages market have a much greater opportunity in Asia-Pacific, owing to the region's strong economic and population expansion. Increased demand for new items such as plant-based and lactose-free beverage products is driving the Fermented drinks Market Analysis. As a result of the increasing consumer demand, the corporations have followed numerous technological features and embraced technology for the manufacture of beverages.


Segment Overview


The Global Fermented Drinks Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2027. The Global Fermented Drinks Market is segmented based on the following:


Based on the source, the global fermented drinks market has been segmented as follows:



  • Fruits

  • Vegetables

  • Grains

  • Milk

  • Others


Based on the type, the global fermented drinks market has been segmented as follows:


- Alcoholic



  • Beer

  • Wine

  • Others


- Non-Alcoholic



  • Kefir

  • Kombucha

  • Oshikundu

  • Others


Based on the distribution channel, the global fermented drinks market has been segmented as follows:


- Store



  • Hypermarkets & Supermarkets

  • Specialty Stores

  • Others


- Non-Store


Based on the region, the global fermented drinks market has been segmented as follows:


North America



  • US

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe


Asia-Pacific



  • China

  • India

  • Japan

  • Australia

  • New Zealand

  • Singapore

  • Rest of Asia Pacific


Rest of the world



  • Brazil

  • Argentina

  • Saudi Arabia

  • South Africa

  • Others


Regional Classification


During the projected period, North America is expected to dominate the fermented drinks market. The region's dominance can be linked to a variety of factors, including the presence of many market participants, a rising HNWI population, and a larger consumer preference for alcoholic fermented beverages. Rising health awareness among European consumers is projected to give Europe a considerable portion of the industry in the future years. However, Asia-Pacific is expected to have the highest CAGR due to people's changing lifestyles and the region's growing population. The Asia-Pacific fermented drinks market is being pushed by raising awareness and interest in a healthy diet, technological advancements, media influence, and consumer demand. The growing popularity of fermented beverages in China and India is likely to increase the region's market. In China, the rising demand for fermented dairy products like Liberte Kefir is expected to drive market expansion in the coming years. Innovations in the retail chain, such as novel formulas, aid in the differentiation of brands and associated items.


Competitive Landscape


The fermented drinks market is fragmented and dominated by a few major firms. Competition in the fermented beverage business has lately intensified due to the emergence of small-scale and local players. The creation of new items to increase the product portfolio and capture unexplored areas has resulted in the global fermented drinks industry expanding. The leading companies are concentrating on producing novel, low-calorie, natural ingredient-based goods that are also tasty. R&D efforts have been significant to produce products for specific demands. The major key players in the global fermented drinks market are as follows:



  • Döhler (Germany)

  • Sula Vineyards Pvt. Ltd (India)

  • Caldwell Bio Fermentation Canada Inc. (Canada)

  • KeVita, Inc. (California)

  • Lifeway Foods, Inc. (the US)

  • Puna Noni Naturals (the US)

  • Nestlé S.A. (Switzerland)

  • PepsiCo Inc. (the US)

  • Heineken (Netherlands)

  • The Kefir Company (New Zealand)

  • Yakult Honsha Co., Ltd. (Japan)

  • The Coca Cola Company (the US)

  • Groupe Danone (France)


Recent Developments



  • PepsiCo Inc. announced the entire acquisition of KeVita, a producer and distributor of probiotic drinks. This acquisition enabled PepsiCo to expand its presence in the fermented beverage sector.

  • Heineken purchased the remaining ownership in its subsidiary Asia-Pacific Breweries from Fraser & Neave, affecting the demand for fermented drinks in the Asia-Pacific region.


Report Overview


The study offers a description of the constraints and factors influencing the size of the market, as well as key segments, geographies, and top vendors. The study looks at the growth of the market over time, both historically and in the future. Aside from detailed market segmentation, the report also examines the fermented drinks market revenue during the study period, as well as historical value in terms of volume and value, technical improvements, and the important factors driving the market growth. Furthermore, the report analyses well-known organizations with considerable fermented drinks market share, as well as the critical competitive strategies they employ to remain relevant.



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Frequently Asked Questions (FAQ) :

The global Fermented Drinks Market Size was recorded at USD 822.3 Billion during the historic Forecast period.

The North American region is expected to dominate the market by the end of the global forecast period in 2027.

The major key players in the global fermented drinks market are Döhler (Germany), Sula Vineyards Pvt. Ltd (India), Caldwell Bio Fermentation Canada Inc. (Canada), KeVita, Inc. (California), Lifeway Foods, Inc. (the US), Nestlé S.A. (Switzerland), PepsiCo Inc. (the US), Heineken (Netherlands), The Kefir Company (New Zealand), Yakult Honsha Co., Ltd. (Japan), Puna Noni Naturals (the US), The Coca Cola Company (the US), and Groupe Danone (France).