Fermented Beverages Market By Raw Material Type (Raw Material Type, Grains, Fruit Juice, Vegetable), By Type (Alcoholic Beverages, Non-alcoholic Beverages) - Growth, Future Prospects And Competitive Analysis, 2016 - 2023

Fermented beverages are beverages prepared through a process called fermentation. In this process, sugar is converted into acids, gases, or alcohol. It occurs in yeast and bacteria, and in some cases of lactic acid fermentation, it also occurs in oxygen-starved muscle cells. Global fermented beverages were worth $747.55 billion in 2015 and are expected to be worth $1,061.05 billion by 2023, growing at a 5.0% CAGR from 2016 to 2023.

Globally, fermented beverages are segmented on the basis of raw materials such as grains, fruit juices, vegetables, and other raw materials. In 2015, grains were observed to be the largest application segment in the global fermented beverages market and were projected to maintain their dominance during the forecast period of 2016–2023. Rising demand for alcoholic drinks such as beer, wine, and cider made from various grains such as barley, rye, corn, sorghum, wheat, rice, and millet is expected to fuel the growth of this segment over the forecast period. In 2015, the grains segment had a value of US$ 421.92 billion and a market share of 56.44%.In 2016–2023, the fruit juice raw material segment is expected to witness the highest growth of 5.2% due to increasing consumer inclination towards healthy products.

The global market for fermented beverages is divided into two types: alcoholic beverages and non-alcoholic beverages. In 2015, alcoholic beverages were observed to be the largest segment by type in the global fermented beverages market and were projected to maintain their dominance during the forecast period of 2016–2023. The global fermented beverage market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

In 2015, Asia Pacific was identified as the largest market, accounting for more than 37.20 percent of global fermented beverage revenue. The segment is projected to grow at a significant CAGR of 5.3% during the forecast period and is expected to gain 80 basis points by 2023. Europe is the second-largest market and is expected to grow at a CAGR of 4.9% during the forecast period.

The report titled "Global Fermented Beverages Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023" offers strategic insights into the global fermented beverages market along with the market size and estimates for the duration of 2013–2023. The said research study covers an in-depth analysis of multiple market segments based on raw material type, type, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015 and 2023. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities.

The in-depth analysis provided in the report includes the following:

  • Current and future market trends to justify the forthcoming attractive markets within the fermented beverage industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2013–2014)
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global fermented beverages market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above-mentioned factors.

Frequently Asked Questions:

The market for Fermented Beverages Market is expected to reach US$ 1,061.05 Bn By 2023.

The Fermented Beverages Market is expected to see significant CAGR growth over the coming years, at 5.0%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Hain Celestial Group, Red Bull Inc., The Coca Cola Company, Reed’s Inc., The Kefir Company are some of the major players in the global market.

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Published Date:  Jan 2017
Category:  Food & Beverage
Report ID:   58304
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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