Market Size of Middle East and Africa Fermented Drinks Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.70 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Fermented Drinks Market Analysis
Middle East and Africa Fermented Drinks market is projected to grow at a CAGR of 7.70% during the forecast period.
- The market witnessed an increase in the number of health-conscious consumers who have been looking for ways of mitigating the negative health effects of increasingly stressful lifestyles and unhealthy eating habits. Moreover, a growing number of consumers are using probiotics drinks such as yogurt, sour milk, kombucha etc. to prevent and manage their digestive and general health issues, which is leading to benefit the fermented drinks market, in terms of sales.
- Furthermore, there is an increase in the number of cases of diabetes, obesity, and gastrointestinal in Middle Eastern countries. Owing to such factors, the global brands are focusing on launching innovative products to cater to the growing demand.