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