Kefir Market Trends 2024, Leading Companies Share, Size and Forecast Report By 2032
The latest report by IMARC Group, titled “Kefir Market Report by Nature (Conventional, Organic), Category (Flavored Kefir, Non-Flavored Kefir), Product Type (Milk Kefir, Water Kefir), Distribution Channel (Offline, Online), and Region 2024-2032“, The global kefir market size reached US$ 2,031 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,466 Million by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032.
Factors Affecting the Growth of the Kefir Industry:
Health Benefits and Increasing Consumer Awareness:
The global kefir market is significantly driven by the health benefits associated with its consumption and the increasing consumer awareness regarding gut health. Kefir, a fermented milk drink, is rich in probiotics, vitamins, and minerals, making it highly beneficial for digestive health. Probiotics are live bacteria and yeasts that are good for the digestive system, often referred to as "good" or "friendly" bacteria. They help maintain a healthy balance of gut flora, which can aid in digestion, improve immune function, and reduce the risk of gastrointestinal diseases. As consumers become more health-conscious, there is a growing demand for functional foods and beverages that offer health benefits beyond basic nutrition. Kefir fits well into this trend as it promotes gut health and also has potential benefits for bone health, weight management, and mental health. Increased awareness campaigns, health blogs, and scientific studies highlighting these benefits have further propelled its popularity. Additionally, the rise of lactose intolerance and dairy allergies has led to the development of non-dairy kefir options, such as coconut milk and water-based kefir, expanding its appeal to a broader audience.
Rapid Expansion of Distribution Channels:
The expansion of distribution channels has played a crucial role in the growth of the global kefir market. Traditionally, kefir was primarily available in health food stores and specialty shops, limiting its accessibility to a niche market. However, with the growing demand, kefir has made its way into mainstream supermarkets, online retail platforms, and convenience stores. This increased availability has significantly boosted consumer access and purchase frequency. Supermarkets and hypermarkets are now dedicating more shelf space to probiotic-rich foods, including kefir, due to its rising popularity. Online retail platforms have also become a major distribution channel, offering a convenient shopping experience for consumers. The ability to compare prices, read reviews, and have products delivered to their doorstep has made online shopping particularly appealing. Additionally, the growth of e-commerce has enabled small and medium-sized manufacturers to reach a global audience, further driving market growth.
Innovation and Product Development:
Innovation and product development are key factors driving the global kefir market. Manufacturers are continuously exploring new flavors, formulations, and packaging to cater to diverse consumer preferences and dietary needs. Traditional kefir, made from cow milk, is being reinvented with the inclusion of plant-based alternatives such as almond, coconut, and soy milk, catering to vegan and lactose-intolerant consumers. Flavored kefir is another innovation that has gained popularity, with manufacturers offering a wide range of options from fruity flavors such as strawberry and blueberry to exotic ones such as mango and passion fruit. These innovations enhance the taste and also attract younger consumers who are more inclined toward flavored beverages. Additionally, the incorporation of superfoods such as chia seeds, turmeric, and matcha into kefir products is creating a niche segment that appeals to health enthusiasts looking for multi-functional foods.
Competitive Landscape with Key Player:
- Biotiful Dairy Ltd.
- Green Valley Creamery
- Liberte Les Produits De Marque Inc.
- Lifeway Foods Inc.
- Maple Hill Creamery LLC.
- Nestlé S.A.
- Redwood Hill Farm
- Creamery
- Valio Ltd
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/kefir-market/requestsample
Report Segmentation:
The report has segmented the market into the following categories:
Nature Insights:
- Conventional
- Organic
Based on the nature, the market has been divided into conventional and organic.
Category Insights:
- Flavored Kefir
- Non-Flavored Kefir
On the basis of the category the market has been segmented into flavored and non-flavored kefir.
Product Type Insights:
- Milk Kefir
- Water Kefir
Based on the product type, the market has been segregated into milk and water kefir.
Distribution Channel Insights:
- Offline
- Online
On the basis of the distribution channel, the market has been divided into online and offline.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Region-wise, the market has been categorized into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Global Kefir Market Trends:
The growing demand for functional beverages is a significant factor driving the global kefir market. Functional beverages are drinks that provide health benefits beyond basic nutrition, such as improving digestive health, boosting the immune system, and enhancing overall well-being. Kefir, with its high probiotic content, fits perfectly into this category. As consumers increasingly seek out beverages that offer specific health benefits, kefir has gained prominence as a functional beverage that supports gut health, enhances nutrient absorption, and potentially improves mental health through the gut-brain axis.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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