Market Size of Asia Pacific Fermented Drinks Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Fermented Drinks Market Analysis
Asia Pacific Fermented Drinks Market is projected to register a CAGR of 5%, during the forecast period, 2020-2025.
- Consumer preference for healthy food has been a crucial factor in driving the growth of the market. Increased health consciousness among consumers has led to the demand for functional beverages.
- The availability of alternatives and regulatory issues associated with fermented food and drinks, such as yogurt and kombucha, because of the sugar or alcohol content of the product, acts as challenges to the market. The presence of nutritionally equivalent alternatives affects consumer behavior and refrains the purchase of fermented beverages
