Reports and Insights (R&I) has published a new report titled "Kombucha Market: Opportunity Analysis and Future Assessment 2020 to 2028"
Global Kombucha Market, by Flavor (Herbs & Spices, Citrus, Berries, Apple, Coconut, & Mango, Flowers, and Others). By Type (Yeast, Bacteria, Mold, and others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global kombucha market in 2020 is estimated for more than US$ 2.1 Bn and expected to reach a value of US$ 8.5 Bn by 2028 with a significant CAGR of 19.3%
As per the report, the population in well-developed and developing regions are more inclined towards their health and they are performing various anonymous activities such as home remedies to improve their health regularly. Population in such regions is adapting to novel ideas for making their health better by using various organic products. Kombucha is something that is proven beneficial for various diseases such as asthma, cataracts, diabetes, gout, etc.
Kombucha is an organic product that is in high demand due to its numerous applications in various treatment regimes and with its organic nature, it consists of minimal risks for adverse effects. In a nutshell, the Kombucha market is expected to gain a steady growth due to its high demand after lifestyle changes in the global population. Deficiency of vitamin c is something that causes various diseases in the human body.
However, the diseases are not life-threatening but they deteriorate the quality of life. Kombucha is one of the best organic product that can cover up vitamin c deficiency and can be enjoyed as a routine drink. It has been reported that various food ingredients promote better metabolism and due to their high bioavailability levels and efficacy.
Furthermore, Reports and Insights (R&I) Study identifies that beverages cover around 100 Bn of the market including all the drinks of all flavors, and this is further expected to grow with 6.0 – 7.0% of the year on year growth rate. There has been a significant hike in the consumption of all types of beverages that may be organic or synthetic. Organic products are more in demand due to their high production value and content value. To be precise, the organic beverages market is expected to grow at a significant growth rate over the forecast period, which includes the kombucha market. Kombucha contributes to around 40% of the total natural beverage market around the globe followed by juices and sparkling water.
Tea is consumed in China for more than 5,000 years ago, it is the second most popular beverage, and it is even considered the oldest known natural medicine due to its health benefits. Kombucha has been served in the form of tea, which is one of the most sold or consumed beverages. One of the major reasons that are expected to support the growth in this market is the availability of tea café in the market. Outlets and home-brewed Kombucha is an important trend in the current market scenario. People get attracted towards better living standards are expected to support the growth in the sales of Kombucha in the near future.
R&I Study identifies some of the key participating players in the Kombucha market globally are Buchi Kombucha, Cell - Nique Corporation, GT's Kombucha, Hain Celestial Group, Kevita, Inc., Kombucha Wonder Drink, Kosmic Kombucha, Live Soda Kombucha, Makana Beverages Inc., Nesalla Kombucha, Red Bull GmbH, and among others.
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