DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Fermented Beverages Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2014 to 2023" report to their offering.
The global fermented beverages market was valued at US$ 747.55 Bn in 2015, and is expected to each US$ 1,061.05 Bn by 2023, expanding at a CAGR of 5.0% from 2016 to 2023.
The alcoholic fermented beverages market is growing due to increasing disposable incomes and changing lifestyles. With the rise in luxury living, the demand for quality beer and wine has also increased. However, now consumers prefers healthier alternative to strong alcohol drinks, such as alcoholic drinks with low alcohol content. Several breweries has already came up with innovative and new flavored beers such as chocolate, lemon and blueberry among various other flavors.
Non-alcoholic beverages, accounted for 0.92% share of the market in 2015 and projected to witness fastest growth over the next six years. The market for non-alcoholic fermented beverages is witnessing growth partly due to increased awareness about health benefits associated with it and mainly due to presence of large multinationals which are making non-alcoholic fermented beverages more accessible and visible for the consumer. Moreover, the launch of new products is stimulating the market growth. Rising demand for fortified food and beverages products is another factor propelling the market growth for non-alcoholic fermented beverages.
- Launches of new products are stimulating the market growth
- Rising demand from emerging economies
- Large multinationals are making non-alcoholic fermented beverages more accessible and visible for the consumer
- Hain Celestial Group
- Kevita Inc.
- Red Bull Inc.
- Makana Beverages Inc.
- The Coca Cola Company
- Lifeway Foods Inc.
- Groupe Danone
- The Kefir Company
Key Topics Covered:
2 Executive Summary
3 Global Fermented Beverages Analysis
4 Global Fermented Beverages Market, By Raw Material Type
5 Global Fermented Beverages Market, By Type
6 Global Fermented Beverages Market, By Regions
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/22lp5n/global_fermented