About Fermented Drinks
Fermented Drinks has high growth prospects due to consumers are moving towards non-alcoholic fermented beverages due to increased health consciousness. It is formed through the fermentation process by using micro-organisms such as yeast or bacteria that can convert carbohydrates to alcohol or organic acids under anaerobic conditions. They are made from fruits, vegetables, grains, and other products such as palm, honey, milk, sugar, etc. The fermented drinks market is rapidly growing in global regions due to growing urbanization and fast pace owing to the variety of flavors. For instance, AB InBev launched several new products such as non-alcoholic products and others in their product portfolio in Indian consumer markets that beneficial in the durable alternatives for customers in the manufactured arena.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 4.5% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fermented Drinks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Fonterra (New Zealand), Constellation Brands Inc (United States), Groupe Danone Sa (France), Pepsico Inc. Kevita (United States), Anheuser-busch Inbev (Belgium), Yakult Honsha Co. Ltd (Japan), Nestle S.A. (Switzerland), Heineken N.V. (Netherlands), The Boston Beer Company (United States) and GTs Living Food (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Reed’s Inc. (United States), The Kefir Company (China), Lifeway Foods Inc. (United States), Red Bull Inc. (United States) and Hain Celestial Group (United States).
Segmentation Overview
AMA Research has segmented the market of Global Fermented Drinks market by Type (Alcoholic Beverages, Probiotic Drinks and Other), Application (Super Market/Hyper Markets, Health Stores, Online Stores and Others) and Region.
On the basis of Type, Product Type are dominating the market in the year 2023 where as Probiotic Drinks stood as second largest market share.
On the basis of application, Super Market/Hyper Markets segment is dominating the market in the year 2023On the basis of geography, the market of Fermented Drinks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Equipment, the sub-segment i.e. Glass Container will boost the Fermented Drinks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Consumption Rate at Asia-Pacific Regions and Increasing Investments by Investors and Manufacturers
Market Growth Drivers:
Upsurge Demand due to Luxury Living Standards and Growing Popularity due to Presence of Variety of Flavors
Challenges:
Lack of Awareness among Consumers and Stiff Competition among Manufacturers
Restraints:
Side Effect Associated with Fermented Drinks such as Cancer
Opportunities:
Technological Innovation in Fermentation Process and Equipment has also led to Rise in Fermented Drinks. and Rise in Demand of Probiotics Drinks by the Health-Conscious Consumer.
Market Leaders and their expansionary development strategies
In February 20, 2019, PepsiCo completely acquired one of the premium protein business cytosport, which is beneficial in entering sports nutrition category and expertise in long standing distribution of products.
In June 9, 2018, Clover Industries partnership with futurelife to launch a new nutritional dairy milk, which is essential in providing low GI products with added Novel fibres that consist of low fat, 18 amino acids, 12 vitamins and 5 minerals.
“According to Food Safety and Standards Authority of India (FSSAI) has released Food Safety and Standards (Alcoholic Beverages Standards) Regulation 2018 on April 5, 2018. This regulation establishes a comprehensive standard on alcoholic beverages containing detailed requirements for beer, fermented and distilled drinks”.
Key Target Audience
Fermented Drinks Manufacturers, Fermented Drinks Traders, End-Use Market Participants of Different Segments of Fermented Drinks, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.