Jan 20, 2020 (Market Insight Reports via COMTEX) --
Fermented Drinks - A Market Overview and Forecast 2020 - 2025,This report presents a profound evaluation of basic elements of Fermented Drinks industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.
Global fermented drinks market is forecasted to grow at a CAGR of 6.2% during the forecast period (2019 – 2024)
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– Consumer preference for healthy hydration has been a crucial factor in driving the growth of the market. Increased health-consciousness among consumers has led to the demand for functional beverages. Owing to the wide availability of the products across brands in larger shelf spaces, the hypermarket/ supermarket distribution channel has been growing at a rapid pace, globally.
– North America held the majority share in the market, owing to the preference for probiotic drinks in this region. With the rise in global disposable income, especially in the Asia-Pacific region, consumers are willing to pay more for natural-ingredients-based food. The increasing demand for plant-based food among the consumers, such as fermented fruit juices, proteins, and cereal-based drinks is expected to drive the market, worldwide.
The fermented drinks market is dominated by leading players such as Nestle, Danone, and Anheuser-Busch InBev. Some of the other prominent players include Suja Life LLC, PepsiCo Kevita, and Bright Food (Group) Co. Limited among others. Competition levels have recently increased due to the influx of small-scale and domestic players in the fermented beverage industry.
Scope of the Report
Based on the type, the market has been segmented into Alcoholic beverages, non-alcoholic beverages (probiotic drinks, kombucha, others). Based on distribution channel the market is segmented into supermarket/hypermarket, specialty retail store, convenience store, on trade, online channel, and other sales channels. The study also provides an analysis of the market studied in the emerging and established geographical regions, by covering regions, such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Furthermore, this study will help to solve the following issues:
Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes- Strong substitute of a product or service is that the most prominent threat. Report includes key cannibalizes of a market, by procuring marketing research. This helps in aligning new product development/launch strategies before.
Spotting emerging trends- Report helps to identify upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a specific emerging trend.
Interrelated opportunities-This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.
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