Fermented Drinks Market at a CAGR of 5.90% with Top Players, Application Potential and Forecast 2029
Market Analysis and Insights of Global Fermented Drinks Market
Data Bridge Market Research analyses that the fermented drinks market was valued at USD 3.59 billion and is expected to reach the value of USD 5.68 billion by 2029, at a CAGR of 5.90% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Fermented drinks are flavorful drink mixes containing ethanol, a type of alcohol produced by the fermentation of grains, fruits, and other sugar sources. Fermentation is a natural process in which yeast or bacteria combine with sugar to produce alcohol and carbon dioxide. Beer, wine, and spirits are the most common fermented beverages.
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Market Scope and Global Fermented Drinks Market
Report Scope and Market Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered | Type (Probiotic Food, Probiotic Drink, Alcoholic Beverage, Others), Distribution Channel (Supermarket/Hypermarket, Speciality Retail Store, Convenience Store, On Trade, Online Channel, Other Distribution Channels) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Bayer AG (Germany), Abbott (U.S.), DSM (Netherlands), DuPont. (U.S.), Amway (U.S.), The Nature's Bounty Co. (U.S.), GlaxoSmithKline plc. (U.K.), Nestlé (Switzerland) Mead Johnson & Company, LLC. (U.S.), Medifast, Inc. (U.S.), Premier Nutrition Corporation (U.S.), Health Food Manufacturers' Association (U.K.), NOW Foods (U.S.), Glanbia PLC (Ireland), Herbalife International of America, Inc. (U.S.), and Bionova (India) |
Opportunities |
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Fermented Drinks Market Dynamics
Drivers
- Shift in consumers diet pattern and growing prevalence of digestive disorders
The market is expanding due to increased demand for fermented beverages among individuals, particularly in developed countries. Consumer preference for optimal hydration has been a key driver of fermented drinks market. Consumers' increased health consciousness has increased demand for fermented beverages. Furthermore, global demand for cultured dairy products is increasing. Lactic acid, which is found in fermented dairy products, can help with these digestive issues. As a result, fermented products become an essential part of everyone's daily diet, leading to an increase in the demand for fermented drinks market.
- Various improved and versatile products offered by the manufacturers
Product launches are also expected to drive growth in the global fermented drinks market during the forecast period. The recent launch of several new products has resulted from the development of new products with improved taste and versatility, combined with strong marketing support. The introduction of several new products during the forecast period is expected to boost the fermented drinks market outlook.
Opportunity
Aside from health benefits, the fermentation process improves the taste and aroma of dairy products while also extending their shelf life. As a result, the versatile properties of fermented dairy products can be attributed to the market's significant growth. Growing e-commerce platform penetration, particularly in developing economies, and stringent laws ensuring high-quality organic beverage production will all drive market value growth.
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