By 2033, the global kombucha market will be worth US$ 17.1 billion, expanding at a CAGR of 17.4% from 2022 to 2033. By 2033, it is anticipated that the market for kombucha beverages would offer an absolute monetary opportunity of roughly US$ 13.7 billion.
According to the World Health Organisation (WHO), 3 million people die as a result of harmful alcohol use each year, making up 5.3% of all fatalities.
This has caused customers’ drinking habits to change in favour of low- and non-alcoholic kombucha beverages. The general public, and Millennials in particular, are adopting healthier lifestyles and preferring non-alcoholic and better-for-you alternatives to alcoholic beverages. Sales of kombucha are increasing as a result.
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Growth Guideposts
Another factor driving kombucha market profit growth is the growing desire among diabetics to reduce the amount of sugar they consume in their diet. The product provides the benefits of green tea.
According to studies, regularly drinking kombucha lowers cholesterol, controls blood sugar levels, helps burn calories, and reduces belly fat. These have a substantial impact on the market’s revenue growth. For beer drinkers, hard kombucha has also gained popularity as an alternative. Due to its low alcohol content, kombucha drink is a fantastic substitute for low-alcohol beverages.
Due to the numerous advantages of probiotic wellbeing, customers are turning to kombucha drink as a substitute because it is a relatively healthier option. It is available in a large number of eateries, cafes, hotels, catering establishments, and other companies.
Another important aspect driving market revenue growth is escalating demand from the hospitality industry.
Global Market Is Adjudicated by Regular Flavored Kombucha
As more people are willing to try new things, regular kombucha is in style. Variants of flavoured kombucha bottles are selling better than ever. The market’s dominant category is regular kombucha.
By 2033, the herbs and spices category might potentially control a sizeable portion of the global Kombucha market. Since major companies concentrate on creating flavoured fermented kombucha tea with various distinctive kombucha flavors by blending herbs and spices.
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Regional Outlook
Between 2023 and 2033, North America may hold a sizeable portion of the hard kombucha market. In terms of market share, Europe trailed North America because of its robust distribution network and rising consumer awareness in the U.S. The demand for probiotic beverages and other functional beverages is expected to increase among office workers, which could fuel the rise.
During the forecast period, the hard kombucha market is anticipated to develop at the significant CAGR of 18.5% in Asia Pacific. Due to the easy manufacture of kombucha-based drinks and rising alcoholic beverage consumption. Growing health concerns among people and a number of governments increasing discretionary expenditures to promote alcohol could fuel kombucha industry expansion.
Key Takeaways
- From 2023 to 2033, the regular category may expand at a CAGR of 16.3% by flavor in the kombucha drinks market.
- The glass bottles category might develop at a CAGR of 12.0% from 2023 to 2033, according to the packaging segment.
- Between 2023 and 2033, the Chinese kombucha drinks market might expand at a CAGR of 16.8%, reaching US$ 744.8 million.
- Kombucha sales in France may have climbed at a CAGR of 15.4% by 2033 and may total US$ 773.4 million.
- By 2033, the United States kombucha drinks market is expected to grow at a CAGR of 16.3% and reach US$ 4.6 billion.
- By 2033, the United Kingdom market can have grown at a CAGR of 18%, reaching US$ 1.4 billion.
- The Germany kombucha market could have expanded at a CAGR of 22.1% by 2033 and may have amounted to US$ 2.8 billion.
Competitive Landscape
A small number of significant international players have helped to consolidate the hard kombucha market. A number of businesses, including The Coca-Cola Company, Molson Coors Beverage Company, The Humm Kombucha LLC, The Hain Celestial Group, and Revive Kombucha, are concentrating on new product releases and strategic acquisitions to grow and strengthen their businesses.
Key players, who are using a variety of methods, such as new product releases, the growth of product portfolios, and mergers and acquisitions, have a majority of the market share.
Recent Development
Expansion
A firm called “GT’s Living Foods” has expanded the flavour options for its synergy Kombucha line in 2021. These two new summer variations, California Citrus and Lemon Berry, have drawn interest from potential customers and helped expand the client base.
Acquisition
Tetley Harris Food Group, which was originally a division of Tata Consumers Product firm, was fully acquired by US-based Harris Tea Company in April 2021, according to an announcement. The company strives to provide comprehensive end-to-end services to its clients.
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