The global kombucha market records a revenue more than USD 1.5 billion in 2017 and is expected to grow at a CAGR of 17.5% during the forecast period (2018-2023). The market is competitive and driven by an increase in the trend of “health and wellness” and the growing consumer demand for all natural ingredients. Kombucha Breweries International (KBI) has been catering to the growing need for the product by providing common resources and testing standards. Identification of the alcohol content of kombucha is imperative; for that, the company employed a standardized method to test and control.
Increasing consumption of probiotics as functional beverages market is driving the market for kombucha drinks market. The Asian market dominated by Japan and China has the highest adoption rate of probiotics generating a revenue of USD 14.1 Billion followed by Europe and North America. Since Kombucha is also made of beneficial bacteria, yeasts, and acid, people consume now for the many health and probiotic benefits which is expected to drive the market. The digital fitness category and healthier food sales are the markets with exponential growth. The trend of natural, clean-label and organic are driving the market in the food sector. However, the growing awareness about the kombucha product consumed and buzz of weight management foods have also strived the market to grow at an exponential growth rate.
The market has been segmented by strain type (bacteria, yeast, mold), type (original, flavored-herbs & spices, fruits, flowers, others), application (beverages, baked goods, confectionery, dairy products, processed foods) and region (North America, South America, Europe, the Middle East & Africa and Asia-Pacific). The preference for organic beverages has influenced the growth of kombucha market. This is due to increase in consumer’s preference towards organic fermented drinks.
Consumers broadly prefer flavored kombucha drinks and the segment accounted for around 80% of the market share in 2017. Flavored drinks are the major segment of the kombucha market, which has seen tremendous growth from the past 3-4 years, as the companies have developed traditional drinks with added exotic flavors, to attract consumers. Moreover, fruits are expected to dominate in the coming years, due to their added health benefits.
North America is the Hub for Kombucha Drinks
Kombucha is an ancient American drink, which has gained prominence due to its health benefits. The growing awareness of the product has transformed household workers into commercial product producers. The employment rate has also increased in this region. The market in this area is gaining attention and is expected to grow at a double-digit figure.
The global kombucha market is occupied by local and global players. The companies are creating awareness in different regions, by advertising and developing new product offerings, with various flavors. The Hain Celestial, RedBull and Reed are the major players, occupying a market share of about 30%. Expansion and product developments are the major strategies adopted by the players, to sustain their position in the market. PepsiCo spent USD200 million to fold kombucha startup KeVita into its portfolio. Clear labeling and inclusion of organic and GMO-free aspects are the major trends in the kombucha market as many major players are committed towards removal artificial ingredients from the products.
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- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
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1.1 Key findings of the study
1.2 Study assumptions
1.3 Market definition
2. Research methodology
3. Market Insights
3.1 Market Overview
3.2 Market trends
4. Market dynamics
4.1.1 Increasing acceptance of consuming probiotics
4.1.2 Growing awareness towards fermented drinks with natural ingredients
4.2.1 Regulatory issues associated with kombucha containing alcohol
4.2.2 Availability of substitutes
4.3.1 High scope of entry for the household workers into commercial product producers.
4.4 Porter’s Five Forces Analysis
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining power of buyers
4.4.3 Threat of new entrants
4.4.4 Threat of substitute products and services
4.4.5 Degree of competition
5. Market segmentation
5.1 By Type
5.2 By Distribution Channel
5.2.2 Convenience Stores
5.2.3 Health Stores
5.2.4 Online Retailers
5.3 By Geography
5.3.1 North America
220.127.116.11 The United States of America
5.3.3 Asia Pacific
5.3.4 South America
18.104.22.168 South Africa
6. Competitive Landscape
6.1 Strategy adopted by Key players
6.2 Most Active Companies in the past Five years
6.3 Market Share Analysis
7. Company Profiles
7.1 GT’s Kombucha
7.3 Health Ade
7.4 Revive Kombucha
7.5 The Hain Celestial Group
7.6 Brew Dr. Kombucha
7.7 Humm Kombucha, Llc
7.8 Kombucha Wonder Drink
7.9 Makana Beverages Inc
7.10 Nessalla Kombucha
7.11 Live Soda, Llc
7.13 Captain Kombucha
7.14 Suja Life, Llc
7.15 New Age Beverages Corporation