About Fermented Beverages
Fermented beverages are complex solutions of chemical compounds originating from the fruit, vegetables, grains, and others. The fermented beverage market has high growth prospects owing to changing lifestyle standards and a rise in disposable income. Further, technological advancement in the fermentation techniques, increasing demand for alcoholic beverages, and rising demand from developing economies expected to drive the demand for fermented beverages market over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.12% |
Market players are focusing on partnerships, collaborations, and new product launches in order to increase their offerings in the fermented beverages market. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product offerings. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fermented Beverages 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.
Döhler (Germany), Sula Vineyards Pvt. Ltd (India), Puna Noni Naturals (United States), Caldwell Bio Fermentation Canada Inc. (Canada), KeVita, Inc. (California), Lifeway Foods, Inc. (United States), Nestlé S.A. (Switzerland), The Kefir Company (New Zealand) and Yakult Honsha Co., Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are The Coca Cola Company (United States) and Groupe Danone (France).
Segmentation Overview
AMA Research has segmented the market of Global Fermented Beverages market by Type (Alcoholic Fermented Beverages and Non-Alcoholic Fermented Beverages) and Region.
On the basis of geography, the market of Fermented Beverages 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). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Raw Material, the sub-segment i.e. Grains will boost the Fermented Beverages market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Distribution Channel will boost the Fermented Beverages market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in the Production Process of Fermented Beverages and Growing Investment in Food & Beverages Industry
Market Growth Drivers:
Growing Demand for Alcoholic Beverages and Rising Awareness about Advantages of Fermented Beverages
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Stringent Government Regulations Regarding Fermented Beverages and Variations in cost and availability by region are key constraining factors here.
Opportunities:
Increasing Demand for Functional Beverages and Rising Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In May 2020, Kerry announced that it has agreed to acquire Bio-K Plus International, a company based in Laval, Que., that offers probiotic fermented beverages and supplements in the North American market, Dublin-based Kerry announced Nov. 5. Bio-K Plus products have been shown to help maintain a healthy intestinal flora and support intestinal functions and the immune system, according to Bio-K Plus International.
In November 2022, Arla Foods Ingredients has unveiled a whey-based solution that enables the creation of clear and protein-enriched fermented drinks. Due to the high demand for ready-to-drink beverages, Arla’s new ingredient is said to offer new ways to give fermented beverages a twist.
“According to the FSS Act 2006, Alcoholic Beverages come under the definition of food and so the FSSAI has framed and notified the Food Safety and Standards (Alcoholic Beverages Standards) Regulation, 2018. These regulations are specifying the standards for the following Alcoholic beverages. Distilled alcoholic beverage (brandy, country liquor, gin, rum, vodka and whisky, liquors or alcoholic cordial) wines, and beer. Moreover, these regulations have also specified labeling requirements for alcoholic beverages which are in addition to the labeling requirements of Food Safety and Standards (Packaging and Labelling) Regulations, 2011. The specific labeling requirements are as follows are a declaration of alcohol content, labeling of a standard drink, not to contain any nutritional information, no health claim restriction on words non-intoxicating, labeling of wine, allergen warning, and statutory warning.”
Key Target Audience
Fermented Beverages Manufacturers, Fermented Beverages Distributors, Research and Development Institutes, Potential Investors, Raw Material Suppliers, Trade Associations and Industry Bodies, Research Organizations, and Consulting Firms 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.