Global Hard kombucha Market Is Expected to Generate $1,678.5 Million by 2031: Allied Market Research

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Portland, OR, Jan. 27, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global hard kombucha market was estimated to be $40.1 million in 2021, and the hard kombucha market is forecasted to reach $1,678.5 million by 2031, growing at a CAGR of 41.9% from 2022 to 2031. The market report looks at the value chain, key market segments, competitive environment, and regional landscape. This study offers insightful advice to industry leaders, financiers, shareholders, and start-ups on creating plans for long-term growth and acquiring an edge over competitors.

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Report coverage & details:

Report Coverage Details
Forecast Period 2022–2031
Base Year 2021
Market Size in 2021 $40.1 million
Market Size in 2031 $1,678.5 Million
CAGR 41.9%
No. of Pages in Report 385
Segments Covered Category, Distribution Channel, Product Type, and Region.
  • Increase in demand for functional beverages in developing nations
  • The increasing popularity of no and low-alcoholic beverages
  • Health benefits associated with consumption
  • Launch of innovative products
  • Commitment toward sustainable packaging
  • Availability of substitutes

Covid-19 Scenario:

  • The outbreak of the COVID-19 pandemic had a very positive impact on the growth of the global hard kombucha market. The increasing interest in functional beverages and healthy drinks worldwide increased the demand for hard kombucha.
  • During the pandemic, manufacturers focused on developing new products to meet the growing consumer shift toward non-alcoholic beverages. Strong global concerns about the pandemic and growing awareness about the various health benefits of hard kombucha have increased global demand for hard kombucha.

The research provides detailed segmentation of the global hard kombucha market based on category, distribution channel, product type, and region. The report provides extensive insight into segments and sub-segments using tables and figures. The market sections with the fastest growth and maximum revenue generation can be used by investors and market participants to develop their strategies.

Based on product type, the flavored hard kombucha segment held the largest share in 2021, accounting for nearly 70% of the global hard kombucha market. It is expected to maintain its lead throughout the forecast period. This segment is also expected to grow at the fastest rate, with a CAGR of 42.34% from 2022 to 2031.

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The conventional segment accounted for the highest share in 2021, accounting for more than 60% of the global hard kombucha market, and is expected to maintain its revenue lead throughout the forecast period. On the other hand, the organic segment is expected to exhibit the highest CAGR of 42.57% from 2022 to 2031.

According to the distribution channel, the food retail segment held nearly three-fifths of the global hard kombucha market in 2021 and is expected to maintain its leadership position during the forecast period. This segment is expected to grow at the fastest CAGR of 42.1% during the forecast period.

According to the region, North America held the largest share in 2021, accounting for more than half of the global hard kombucha market share. It is expected to maintain its dominant revenue share in 2031. Furthermore, the Asia-Pacific region is expected to experience the highest CAGR of 45.13% during the forecast period. The study also looks at regions such as Europe and LAMEA.

Leading market players of the global hard kombucha market analyzed in the research include Boochcraft, JuneShine, Inc., Jiant, Kombrewcha, KYLA Hard Kombucha, Unity Vibration Kombucha, Dr Hops Kombucha Beer, LLC., Flying Embers, GTs Living Foods LLC., Tailored Beverage Company, Buddha's Brew, Inc., New Holland Brewing Company, LLC, Wild Tonic, Ummi kombucha, and Odell Brewing.

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These major players in the worldwide hard kombucha market are thoroughly examined in the report. These firms have employed various techniques, including introducing new products, partnerships, expansion, joint ventures, agreements, and others, to raise their market shares and keep their dominant positions in different regions. To illustrate the competitive environment, the study helps highlight corporate performance, operational segments, product portfolio, and market participants' strategic movements.

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