Fermented Foods and Beverages - Growth, Trends, Forecast (2020 - 2025)

Global fermented foods and beverages market are segmented by Type (Probiotic Food, Probiotic Drink, Alcoholic Beverage, and Other Types), Distribution Channel (Supermarket/Hypermarket, Speciality Retail Store, Convenience Store, On Trade, Online Channel, and Other Distribution Channels), and Geography.

Market Snapshot

Study Period:

2016-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

4.3 %

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Market Overview

The global fermented foods & beverages market is projected to grow at a CAGR 4.3% during the forecast period.

  • Consumer preference for healthy food has been a crucial factor driving the growth of the market and the increased health consciousness among the consumers has led to the demand for functional beverages.
  • The US Food and Drug Administration (FDA) provides recommendations on manufacturing, storage, packaging, distribution processes, and appropriate quality control procedures for acid foods, acidified foods, and fermented foods. However, after December 2015, the FDA stopped regulating fermented food, since it had not found any cases of food illnesses till then.

 

Scope of the Report

Scope of the report includes fermented foods and beverages which are segmented as probiotic food, probiotic drink, alcoholic beverage, and other types. Probiotic foods are the fermented food that consist of live bacterial cultures. The demand for probiotic yogurt is fueled by the availability of numerous flavors. By sales channel, the market is segmented as supermarket/hypermarket, convenience store, online channel, and others. The other distribution channel includes specialty stores, kiosks, and vending machines. 

By Type
Probiotic Food
Probiotic Drink
Alcoholic Beverages
By Distribution Channel
Supermarket/Hypermarket
Convenience Store
Online Channel
Other Sales Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Australia
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
South Africa
Rest of Middle East & Africa

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Key Market Trends

Growing Demand for Functional Beverages to Drive Market Growth

The fermented foods and beverages market is driven by the robust demand for probiotic drinks by health-conscious consumers, especially the younger generations, globally. Probiotics are part of functional foods and beverages and help improve the gut functionality. Dairy-based probiotics hold the major share in the segment, followed by fruit-based probiotic drinks. Kefir and drinking yogurts are the leading classes of products that witnessed enhanced sales in the past few years, boosting the overall growth of the fermented drinks market. Asian countries tend to favor dairy-based functional beverages, whereas the United States and Europe favor cereal-based and RTD tea functional beverages.

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Asia-Pacific Holds a Prominent Market Share

The Asia-Pacific fermented foods and beverages market is driven by the increasing awareness and growing interest in healthy diet, development in technology, media coverage, and consumer demand. The rising awareness of fermented drinks in China and India is expected to further boost the market studied in the region. In China, the growing demand of fermented dairy products, such as Liberte Kefir is likely to support the market growth in the upcoming years. In Asia-Pacific, the growing application of probiotics in animal diets enhances their digestibility and promotes pH balance, which, in turn, has led to an increase in the consumption among ruminants (apart from other types, such as poultry and swine) and is driving the market growth in the region.

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Competitive Landscape

Global fermented foods and beverages market witnessed dominance from the giants, Nestle, Danone, and Yakult. Some of the other prominent players include Fonterra, PepsiCo Kevita, Bright Dairy (Bright Food Group Co. Ltd), Chobani Inc., China Mengniu Dairy Company Limited, and Lifeway Foods Inc., among others. The alcoholic beverage segment in the fermented foods and beverages market is dominated by major players, such as AB InBEV, Heineken, CarlsBerg, Constellation Brands, Treasury Wine Estates. Southeast Asian companies dominate the fish sauce segment, as these companies manufacture, as well as export the products, worldwide. Vietnam and Thailand have a major number of manufacturers.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Probiotic Food

      2. 5.1.2 Probiotic Drink

      3. 5.1.3 Alcoholic Beverages

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarket/Hypermarket

      2. 5.2.2 Convenience Store

      3. 5.2.3 Online Channel

      4. 5.2.4 Other Sales Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Australia

        4. 5.3.3.4 Japan

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 UAE

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Key Strategies Adopted

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Description DescriptionFonterra Co-operative Group Limited

      2. 6.4.2 Constellation Brands Inc

      3. 6.4.3 Groupe Danone Sa

      4. 6.4.4 Pepsico Inc. Kevita

      5. 6.4.5 Anheuser-busch Inbev

      6. 6.4.6 Yakult Honsha Co. Ltd

      7. 6.4.7 Nestle S.A.

      8. 6.4.8 Heineken N.V.

      9. 6.4.9 The Boston Beer Company

      10. 6.4.10 GT's Living Food

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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