As the COVID-19 crisis has emerged, the world is fighting a health pandemic as well as an economic emergency, almost affecting trillions of dollars of revenues of all the markets. This has also included the global kombucha market 2020. Market Research Future’s (MRFR) analysts published its study on how many companies are sustaining in this economic crisis. Therefore, MRFR has been monitoring the global Covid-19 Analysis on Kombucha Market and finds that the market will revive rapidly in the coming years. The growth will take place through 2020-2023—the forecast period.
Kombucha Market—Growth Drivers
The report mentions that functional food like kombucha is the potential winners from the virus, according to the Market Research Future reports. The data revealed that a staggering growth among consumers seeking food-based health is boosting the market intensely. The rising awareness among the consumers on the benefits of kombucha is a crucial factor contributing to the growth of this market.
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Covid-19 Analysis on Kombucha Market is the rapid-growing market in the functional beverage’s division. Rising demand for natural and healthy Food & Beverages is promoting the growth of this market. As kombucha is a health drink, the market for this beverage might witness high growth soon. Due to this, the companies operating in the market are expected to experience higher profits from the manufacturing of this.
Apart from this, rising health concerns and changing lifestyle are other important factors driving the market for kombucha. Several new domestic and international companies are in the business of manufacturing kombucha, which has kept the market in a stable position. At the same time, numerous established beverage brands are also trying to enter this market. Owing to its health benefits, governments in several countries are taking initiatives for more manufacturing, marketing, and regulating the production & consumption of kombucha, which is again a factor leading the market’s growth.
Furthermore, global consumption of the Covid-19 Analysis on Kombucha Market is driven by the significant consumer’s inclination toward nutritional drink and the rising preference towards functional drinks over fruit juices and carbonated drinks. These factors are making the market more and more competitive and are being presently driven by the ongoing trend of “health and wellness,” especially during COVID-19 is what makes the market promising to expand in the forecasted period.
Kombucha Wonder Drink (U.S.), KEVITA, Inc. (Canada), Live Soda Kombucha (U.S.), KOSMIC Kombucha (U.S.), NESALLA Kombucha (U.S.), Makana Beverages Inc. (U.S.), BUCHI Kombucha (U.S.), Reed’s Inc (U.S.), and Gt’s Kombucha (U.S.) are prominent vendors in the Kombucha Industry.
The scope of the study on the global kombucha Industry includes segmentation by type, packaging, and distribution channel.
The kombucha market is segmented by type into black tea, green tea, and others. The green tea segment witnessed a considerable gain with the highest growth rate in the coming years.
Global Covid-19 Analysis on Kombucha Market is segmented by packaging into metal, plastic, glass, and others. The plastic segment grabs the significant market share in the market and is expected to mature substantially in the forecast period.
Kombucha industry over the distribution channel segment includes store-based and non-store based. Among them, the store-based distribution channel might grab the top market share in the estimated period.
Asia-Pacific is the fastest-growing region in the kombucha market. China is one of the primary markets for kombucha. The attractiveness of packaged kombucha drinks in China stays attributed to its apparent health profit. In India, the population anguish from joint health problems such as arthritis is getting attracted more toward kombucha, which is expected to motivate the expansion of the kombucha market over the assessment period. Owing to the ascend in urbanization in the region and easy availability of kombucha in local retail shelves, especially in countries like China, Australia, Japan, among others, are motivating the growth of the kombucha market in the region.
North America grabs the foremost share of the Kombucha industry. In this region, the U.S. and Canada are witnessed to have a strapping presence of Kombucha manufacturers. Europe is also anticipated to have substantial growth over the forecast period.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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