Kombucha is Estimated to Witness High Growth Owing to Opportunity of Rising Health Conscious Consumers

 

Kombucha Market

Kombucha is a fermented, slightly alcoholic and effervescent drink made from black or green tea and sugar. Kombucha has gained widespread popularity due to its perceived probiotic and health benefits. Kombucha contains acetic acid, glucuronic acid, usnic acid and other metabolites produced during fermentation. These compounds are thought to aid digestion, boost immunity and provide antioxidant protection. Kombucha is marketed as a functional beverage and is available in various fruit flavors in grocery stores, health stores and online. The global kombucha market is estimated to be valued at US$ 3.04 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Dynamics:

Rising health consciousness amongst consumers is a major driver for the kombucha market. There is growing consumer demand for healthier, organic beverages that provide antioxidant and probiotic benefits. Due to kombucha’s association with beneficial microbes and immunity enhancement, its popularity is increasing amongst health-conscious Millennials and Generation Z consumers. This driver is leading to double digit market growth.Furthermore, the mainstreaming of functional beverages and the clean label trend have made kombucha more accessible to the mass market beyond natural health aficionados. Kombucha is widely marketed for its vitamin, mineral and enzyme content and perceived gut health advantages. This widespread product promotion and positioning is also boosting market demand and expansion.

 

SWOT Analysis

Strength: Kombucha possesses various health benefits such as improved digestion, immunity, and energy levels. It contains probiotics that support gut health. The increasing consumer awareness about the health benefits of fermented and probiotic drinks is boosting the kombucha market.

Weakness: Kombucha contains low levels of alcohol due to the fermentation process. Excess consumption may cause adverse reactions like headaches in alcohol-intolerant individuals. The cost of production is higher compared to other beverages due to small batch sizes and involvement of fermentation.

Opportunity: The kombucha market has significant growth potential in Asia Pacific due to rising health consciousness. Developing innovative flavors is expanding its consumer base beyond health-focused consumers. The launch of low-sugar and diet variants is attracting health-conscious people.

Threats: Stringent regulations regarding the production and marketing of fermented beverages may restrict business growth. Claims of various health benefits require clinical validation, limiting false promotion. Alternative probiotic beverages pose competition.

 

Key Takeaways

 

The Global Kombucha Market Size is expected to witness high growth over the forecast period. The market size for 2024 is estimated to be US$ 3.04 Billion, indicating a significant increase.

Regional Analysis: North America dominates the kombucha market currently owing to high health awareness. The Asia Pacific region is expected to emerge as the fastest growing market owing to rising disposable incomes, health consciousness, and changing lifestyles in developing countries.

 

Key players operating in the kombucha market are Vinci, Bouygues, Grupo ACS, Hochtief, Balfour Beatty, Laing O€TMRourke, Bechtel, Kiewit, HOCHTIEF, Skanska. These companies are focused on new product launches, mergers, and acquisitions to strengthen their market position. For instance, Vinci acquired Grupo Corts to expand operations in Latin American countries.


Get More Insights Here

https://www.newswirestats.com/kombucha-market-size-share-growth-outlook-2023/

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