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 with the process called fermentation. In this process, sugar is converted into acids, gases or alcohol. It occurs in yeast and bacteria and in some case of lactic acid fermentation it also occurs in oxygen-starved muscle cells. Global fermented beverages was valued at US$ 747.55 Bn in 2015, and is expected to reach US$ 1,061.05 Bn by 2023, expanding at a CAGR of 5.0% from 2016 to 2023.

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

On the basis of type global fermented beverages market is segmented as alcoholic beverage and non- alcoholic beverage. In 2015, alcoholic beverage was observed to be the largest segment by type in global fermented beverages market and projected to maintain its dominance during the forecast period of 2016-2023. Global fermented beverages market is segmented as per regions into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2015, Asia Pacific was observed to be the largest market with over 37.20% revenue share in global fermented beverages. The segment is projected to grow at significant CAGR of 5.3% during the forecast period and expected to gain 80 basis points by 2023. Europe is the second largest market and expected to grow at the CAGR of 4.9% during the forecast period.

 Fermented Beverages Market

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 2013 to 2023. The said research study covers 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 & 2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the fermented beverages industry
  • Market fuelers, market impediments, and their impact on the 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.

On the basis of geography, the global fermented beverages market is segmented as per following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa

In 2015, Asia Pacific accounted for the largest share in the fermented beverages market and is projected to grow at a healthy growth rate over the next six years. Changing lifestyles coupled with rise in disposable incomes, growing urbanization are some of the factors fueling the market growth. Demand from China, India, Vietnam and Australia among others is fueling the growth of the market in this region. For beer, China is by far the largest market, due to its extremely competitive nature is also highly fragmented.  Asia Pacific was followed by Europe, where demand from U.K. and Germany is boosting the market but growth is projected to be highest from countries in Eastern Europe.

Fermented Beverages Market

North America accounted for the third largest share but projected to grow at significant rate during the forecast period owing rise in demand for kombucha, kefir and beer. Globally, demand for kombucha and kefir is high in developed markets, especially in the U.S. and in some countries of Europe. Emerging economies will be experiencing a strong upsurge in the demand for non-alcoholic beverages in the future.

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Published Date:  Jan 2017
Category:  Food & Beverage
Report ID:   58304
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
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