Kombucha Industry | Global Demand and Industry Forecast to 2023

Posted by suraj on December 1st, 2020

Market Highlight

As the COVID-19 crisis has emerged, the world is fighting a health pandemic as well as an economic emergency, almost affecting trillions of dollars of revenues of all Kombucha Industry. This has also included the global Kombucha Industry 2020. Market Research Future’s (MRFR) analysts published its study on how many companies are sustaining in this economic crisis. Therefore, MRFR has been monitoring the global kombucha market and finds that the market will revive rapidly in the coming years. The growth will take place through 2020-2023—the forecast period.

Kombucha Market—Growth Drivers

Kombucha market is the rapid-growing market in the functional beverage’s division. Rising demand for natural and healthy food & beverages is promoting the growth of this market. As kombucha is a health drink, the market for this beverage might witness high growth in the near future. Due to this, the companies operating in the market are expected to experience higher profits from the manufacturing of this.

Furthermore, global consumption of the Kombucha Industry is driven by the significant consumer's inclination toward nutritional drink and the rising preference towards functional drinks over fruit juices and carbonated drinks. These factors are making the market more and more competitive and are being presently driven by the ongoing trend of “health and wellness,” especially during COVID-19 is what makes the market promising to expand in the forecasted period.

Vendors Landscape

Kombucha Wonder Drink (U.S.), KEVITA, Inc. (Canada), Live Soda Kombucha (U.S.), KOSMIC Kombucha (U.S.), NESALLA Kombucha (U.S.), Makana Beverages Inc. (U.S.), BUCHI Kombucha (U.S.), Reed’s Inc (U.S.), and Gt’s Kombucha (U.S.) are prominent vendors in the Kombucha Industry.

Segment Review

The scope of the study on the global Kombucha Industry includes segmentation by type, packaging, and distribution channel.

The kombucha market is segmented by type into black tea, green tea, and others. The green tea segment witnessed a considerable gain with the highest growth rate in the coming years.

The kombucha market is segmented by packaging into metal, plastic, glass, and others. The plastic segment grabs the significant market share in the market and is expected to mature substantially in the forecast period.

Regional Framework

Asia-Pacific is the fastest-growing region in the Kombucha Industry. China is one of the primary markets for kombucha. The attractiveness of packaged kombucha drinks in China stays attributed to its apparent health profit. In India, the population anguish from joint health problems such as arthritis is getting attracted more toward kombucha, which is expected to motivate the expansion of the kombucha market over the assessment period. Owing to the ascend in urbanization in the region and easy availability of kombucha in local retail shelves, especially in countries like China, Australia, Japan, among others, are motivating the growth of the kombucha market in the region.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.