Kefir Market to Reach USD 2.20 Bn by 2030, Growing at a 5.5% CAGR
Summary: The global Kefir market, valued at USD 1.51 billion in 2023, is set to grow at a compound annual growth rate (CAGR) of 5.5%, reaching an estimated value of USD 2.20 billion by 2030. This growth is driven by the increasing health consciousness among consumers, rising demand for probiotic-rich beverages, and a shift towards organic and plant-based products. The market report offers comprehensive insights into the market’s dynamics, segmentation, key players, and regional outlook.
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A) Market Size: The global Kefir market was valued at USD 1.51 billion in 2023, and with a forecasted annual growth rate of 5.5%, it is expected to reach approximately USD 2.20 billion by 2030. The market’s robust growth can be attributed to the growing awareness about the health benefits of probiotics, the surge in plant-based and organic product demand, and increased online sales channels.
B) Scope and Research Methodology: This market report utilizes a combination of top-down and bottom-up approaches to estimate the market size across various segments. The data is validated through primary and secondary research, ensuring accurate and reliable findings. The study considers factors such as inflation, economic changes, regulatory impacts, and market trends to provide a comprehensive market forecast.
C) Report Coverage: The report covers detailed analysis across multiple dimensions, including:
- Market Overview: Understanding the key drivers and challenges influencing market growth.
- Regional and Global Market Analysis: Key trends, statistics, and projections across different regions.
- Competitive Landscape: Detailed competitive analysis of leading market players.
D) Overview: Kefir, a fermented dairy product rich in probiotics, has gained significant traction in the global market due to its potential health benefits, including improved digestion and enhanced immunity. The rise in demand for natural and organic food products, combined with increasing awareness of gut health, is contributing to the expansion of the market.
E) Dynamics: Several factors are driving the Kefir market’s growth:
- Health Awareness: Consumers’ increasing health consciousness has led to a surge in demand for functional foods like Kefir.
- Popularity of Plant-Based Products: With the growing adoption of vegan diets, plant-based Kefir options are gaining popularity.
- E-commerce Growth: The rise of online shopping is providing wider access to Kefir products across regions.
- Consumer Preference for Organic Products: The growing demand for organic and natural food products is expected to drive sales of organic Kefir.
F) Segmentation: The market is segmented based on several factors:
- By Category: Flavored, Non-Flavored
- By Product: Animal-Based, Plant-Based
- By Distribution Channel: Online, Offline
- By Nature: Organic, Conventional
- By Application: Foods and Beverages, Pharmaceutical
G) Key Players Include: The leading companies in the Kefir market are:
- The Iceland Milk and Skyr Corp.
- Lifeway Foods, Inc.
- The Hain Celestial Group, Inc.
- Nestlé S.A.
- Danone S.A.
- Fresh Made Dairy
- Green Valley Creamery
- Maple Hill Creamery, LLC
- Redwood Hill Farm & Creamery
- DuPont
- Liebert Corporation
- Nourish Kefir
- OSM Krasnystaw
- Best of Farms LLC
- Babushka Kefir
- Valio Eesti AS
- Bakoma Sp. z o.o.
- Biotiful Dairy Ltd
- Valio
- Les Produits de marque liberte Inc.
H) Reasons to Buy:
- Comprehensive Insights: The report provides a thorough understanding of market dynamics and trends.
- Growth Opportunities: Identify growth opportunities in key market segments, including plant-based and organic products.
- Competitive Analysis: Gain insights into the competitive strategies of leading players in the market.
- Data-Driven Decisions: Benefit from accurate, validated data to guide business strategies and decisions.
I) Table of Contents:
- Introduction
- Market Overview
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Regional Market Analysis
- COVID-19 Impact on the Market
- Key Players Analysis
- Conclusion
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