Kefir Market Poised for Growth at a CAGR of 5.5% Through 2029
Global Kefir Market Expected to Reach Nearly USD 2.10 Bn by 2029
The global kefir market is experiencing steady growth, driven by rising consumer interest in gut health and functional beverages. According to a new report by Maximize Market Research, the market size was valued at USD 1.44 billion in 2022 and is expected to reach nearly USD 2.10 billion by 2029, growing at a compound annual growth rate (CAGR) of 5.5%.
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Growing Demand for Functional Beverages Fuels Kefir Market
The global kefir market outlook is positive, with increasing consumer awareness of the health benefits of kefir driving demand. Consumers are increasingly seeking out functional beverages that offer added health benefits, such as improved digestion and immune function. Kefir, a fermented milk drink rich in probiotics, is well-positioned to capitalize on this trend.
Flavored Kefir Leads the Market, with Plant-Based Options Gaining Traction
The kefir market is segmented by category (flavored and non-flavored), product type (animal-based and plant-based), distribution channel (online and offline), nature (organic and conventional), and application (foods and beverages and pharmaceutical). Flavored kefir currently holds the largest market share, but plant-based kefir options are gaining traction as consumers seek out dairy alternatives.
Key Players in the Competitive Kefir Market
The kefir market is home to a diverse range of players, including established dairy companies and new entrants specializing in plant-based kefirs. Some of the key players in the market include:
- 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 (for cultures)
- Liebert Corporation (for cultures)
- 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.
Europe Dominates, but Asia Pacific Presents Lucrative Growth Potential
Europe is currently the dominant region in the global kefir market, with a strong tradition of kefir consumption in Eastern European countries. However, the Asia Pacific region is expected to witness significant growth in the coming years, driven by rising disposable incomes and increasing awareness of the health benefits of kefir.
Market Research Provides Insights for Future Growth
The Maximize Market Research report offers valuable insights for stakeholders in the kefir market. The report delves into the market's growth rate, market size and valuation, current industry trends, and market prospects across various regions. Additionally, it analyzes the market in terms of geographical scope, market segmentation, and the financial performance of key players. The report also provides a detailed examination of the industry growth drivers, Porter's Five Forces Analysis, SWOT Analysis, the Impact of COVID-19 on the Global Kefir Market, Value Chain Analysis, and a complete mapping of the competitive landscape.
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Table of Contents:
Chapter 1: Overview
Chapter 2: Global Market Status and Forecast by Regions
Chapter 3: Global Market Status and Forecast by Types
Chapter 4: Global Market Status and Forecast by Downstream Industry
Chapter 5: Market Driving Factor Analysis
Chapter 6: Market Competition Status by Major Manufacturers
Chapter 7: Major Manufacturers Introduction and Market Data
Chapter 8: Upstream and Downstream Market Analysis
Chapter 9: Cost and Gross Margin Analysis
Chapter 10: Marketing Status Analysis
Chapter 11: Market Report Conclusion
Chapter 12: Research Methodology and Reference
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