USD 1480 million
Report ID:
SQMIG30G2043 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
61
|Figures:
75
Kefir Market size was valued at USD 1565.84 Million in 2023 and is poised to grow from USD 1656.66 Million in 2024 to USD 2600.87 Million by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The driving factors in the kefir market is the increasing awareness and preference for probiotic-rich foods and beverages among consumers. Probiotics are beneficial bacteria that support gut health and overall well-being. Challenges in the kefir market include competition from other fermented and probiotic products, as well as the need for consistent quality control and product innovation to meet consumer preferences. Market players need to continuously develop new flavors, formulations, and packaging to attract and retain consumers in this competitive landscape.
The global Kefir market represents the industry involved in the production and distribution of kefir, a fermented milk beverage known for its probiotic properties and health benefits. Kefir is made by fermenting milk with kefir grains, which contain a combination of bacteria and yeast cultures. It is known for its creamy texture, tangy flavor, and numerous health benefits, including improved digestion and immune system support. The purpose of the kefir market is to meet the growing consumer demand for healthy and functional food and beverage products.
The global kefir market serves the purpose of meeting consumer demand for healthy and probiotic-rich food and beverages. The driving factors include the increasing awareness of probiotics and their benefits. However, challenges such as limited availability of kefir grains and the need for quality control and innovation exist. The market presents opportunities for growth through product diversification and addressing emerging consumer trends.
US Kefir Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 1480 million
Largest Segment
Animal-Based
Fastest Growth
Plant-Based
Growth Rate
5.8% CAGR
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The global kefir market is segmented on the basis of distribution channel, product, and region. By distribution channel, the market is segmented into online, and offline. In terms of product, the market is segmented into animal-based, and plant-based. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Kefir Market Analysis by Distribution Channel
The offline distribution channel dominated the global kefir market, accounting for more than 85% of the total revenue in 2022. This channel includes various point-of-sale outlets such as specialty stores, mom and pop stores, department stores, convenience stores, hypermarkets, supermarkets, and superstores. The proximity of these physical stores and the availability of a wide range of kefir products motivate consumers to make purchases through offline channels. Additionally, many people prefer buying groceries through these channels as they often offer attractive discounts.
The online distribution channel is projected to witness the fastest growth with a CAGR of 6.4% from 2023 to 2030. This growth is driven by the increasing reliance of millennials on e-commerce platforms due to their need for convenience and busy lifestyles. Moreover, kefir is not a native food in Latin America and Asia Pacific regions, resulting in limited availability in physical stores. As a result, online channels are becoming increasingly popular for purchasing less common ingredients like kefir.
Kefir Market Analysis by Product
Animal-based products accounted for over 65% of the global revenue in the kefir market. These products, which are derived from cattle milk, continue to be favored by consumers in Scandinavia and Eastern European countries. The growth of animal-based kefir products in these regions can be attributed to early market entrants and high levels of product adoption.
Plant-based kefir products are projected to exhibit the fastest compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. The increasing adoption of veganism is driving the demand for plant-based alternatives, including plant-based kefir. Plant-based kefir is also gaining popularity among individuals with milk allergies as it provides a suitable dairy-free option. A notable example is SQUAMISH WATER KEFIR CO., a Canadian company that offers sparkling water kefir in various flavors such as hibiscus, lemon ginger, blood orange, and mint. These beverages are free from dairy, gluten, and caffeine, and contain low levels of pre-digested sugar.
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Europe has established itself as the largest regional market, holding a share of over 45.0% in 2022. The popularity of kefir products in households across countries like Belarus, Bulgaria, Denmark, Georgia, Greece, Moldova, Montenegro, North Macedonia, Romania, Russia, Serbia, Ukraine, Czechoslovakia, Sweden, Norway, and Switzerland contributes significantly to the growth of the industry in this region.
Asia Pacific is expected to experience the fastest compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This growth is attributed to countries such as Japan, Australia, and New Zealand, where consumers have shown increasing awareness of fermented milk products in recent years. In the Asia Pacific market, THE KEFIR COMPANY has gained popularity as a prominent player.
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Kefir Market Drivers
Increasing Health Consciousness
Expansion of Vegan and Dairy-Free Options
Kefir Market Restraints
Limited Awareness in Certain Regions
Supply Chain Disruptions
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The global kefir market is highly competitive with the presence of several key players striving for market dominance. These companies engage in various strategies such as product innovation, partnerships, acquisitions, and expansion to gain a competitive edge. The competitive landscape of the global kefir market is characterized by intense competition, product innovation, and strategic partnerships. Key players in the industry continuously strive to enhance their market presence by introducing new flavors, expanding distribution networks, and focusing on consumer health and sustainability. This competition ultimately benefits consumers by providing a wide range of options and driving innovation in the kefir market.
Kefir Market Top Player’s Company Profiles
Kefir Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global kefir market analysis,, the increasing consumer awareness regarding the importance of gut health and the demand for natural probiotic-rich foods have fuelled the market growth. Consumers are seeking healthier alternatives to traditional dairy products, and kefir fits the bill perfectly. Additionally, the rise of veganism and lactose intolerance has led to the development of plant-based kefir options, catering to a wider consumer base. The convenience of online retail platforms and the availability of a variety of kefir products have also contributed to the market's growth. However, the market faces challenges such as limited awareness in certain regions and supply chain disruptions. Despite these challenges, the kefir market presents ample opportunities for growth, particularly in untapped markets and innovative product offerings. Overall, the market analysis highlights the strong consumer demand for kefir and the potential for continued expansion in the future.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1565.84 Million |
Market size value in 2032 | USD 2600.87 Million |
Growth Rate | 5.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Kefir Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Kefir Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Kefir Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Kefir Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30G2043
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