Fermented Drinks Market

The global fermented drinks market size is projected to expand at a CAGR of 6.2% during the forecast period, 2021-2028. The growth of the market is attributed to increasing health-consciousness among consumers. Moreover, rising disposable income is spurring the market growth.

Fermented beverages are made by the fermentation of a variety of foods. Alcoholic beverages such as wine and beer are notable examples of fermented beverages. Fermented beverages are being increasingly consumed due to their numerous health benefits. Fermented beverages confer health benefits such as boosting immune system and enhancing gastrointestinal health. Fermented beverages are high in probiotics, which help in functioning the digestive tract effectively. Fermented beverages include healthy bacteria and yeast that are good for the liver and mouth. On the other hand, fermented beverages such as kombucha, kefir, kvass, and cultured beverages are becoming increasingly preferred among consumers and beverage manufacturers.

Fermented soda and fermented tea are also gaining high traction in the food and beverage industry due to the great nutritional value they provide to consumers. The fermented beverages market is expanding owing to consumer knowledge of the health benefits of fermented beverages. Beneficial microorganisms found in fermented beverages provide health benefits to the body. Root beer, kefir, and pulque are some of the examples of regional fermented beverages that are favored in affluent countries. Furthermore, companies are increasingly offering probiotic drinks as the demand for probiotic-based beverages is growing around the world. Bioprocess technology relies on the culture and secretion of live microbial cells, the possibility of non-desirable microbe contamination and subsequent toxicity may limit the goal and success of fermentation technology.

Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for low-alcohol beverages is expected to provide opportunities for the industry players during the forecast period.
• Rising trend of craft beer is driving the market growth.
• High manufacturing cost can hinder the growth of the market in the projected timeline.
• Growing demand for probiotic drinks can create remunerative opportunities for new entrants and emerging players in the market.

Scope of the Report

The report on the global fermented drinks market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Fermented Drinks Market Segment Insights:

Non-alcoholic beverages segment to exhibit a high CAGR

Based on types, the global fermented drinks market is segregated into alcoholic beverages and non-alcoholic beverages. An alcoholic beverage contains ethanol, a type of alcohol produced through the fermentation of grains, fruits, or other sugar sources. In many cultures, alcohol consumption plays an important social role. Most countries have laws that govern the manufacturing, sales, and consumption of alcoholic beverages.

The non-alcoholic beverage segment is anticipated to exhibit a robust CAGR during the forecast period. Rising awareness about the negative impacts of alcoholic beverages and increasing health conscious are driving the market segment growth.

Conveniences stores segment to account a significant market share

On the basis of applications, the fermented drinks market is segregated into supermarkets, convenience stores, specialty stores, and others. The convenience stores segment is anticipated to account for a significant market share in the projected timeline. On the other hand, the specialty stores segment is expected to exhibit a healthy CAGR during the forecast period.

North America is projected to hold a major market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market owing to increasing penetration of probiotic drinks. On the other hand, the market in Asia Pacific is expected to exhibit a high CAGR during the forecast period. Growing preference for fermented beverages in China and India is driving the regional market market. The innovation in the retail sector and introduction of novel formulations in fermented drinks are expected to spur the market growth in the region.

Segments

Segments Covered in the Report

The global fermented drinks market is segmented on the basis of

Types

• Alcoholic Beverages
• Non-alcoholic beverages

End-users

• Supermarkets
• Convenience Stores
• Specialty Stores
• Others

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Nestle
• Anheuser-Busch InBev
• Danone
• Suja Life LLC
• PepsiCo Kevita
• Bright Food (Group) Co

Competitive Landscape

The major players in the fermented drinks market include Nestle, Danone, Anheuser-Busch InBev, Suja Life LLC, PepsiCo Kevita, and Bright Food (Group) Co.

Companies are engaging in mergers, acquisitions and partnerships to expand their market share. The worldwide fermented drinks market has grown due to the increase in product offerings Key participants in the fermented alcoholic beverage industry in Southeast Asia, such as Heineken, Carlsberg, and Kirin, are aggressively growing by purchasing prominent domestic brands.