Fermented beverages are the drinks made up by fermentation of fruits,
vegetables, grains, and other products such as milk, palm, honey,
sugar, etc. Fermented beverages are of two types as alcoholic and
non-alcoholic. Alcoholic beverages includes wine, tiswin, tapache,
sake, palm wine, icarinne liquor, cider, chicha, and beer whereas,
non-alcoholic includes tea, dairy products such as milk and milk
products, honey, palm, Arenga pinnata, Borassus flabellifer, and
Coconut. The global fermented beverages market is expected to grow at
significant rate in near future, attributed to growing beverages
industry and increasing demand for natural fermented products.
Asia-Pacific except Japan has substantial growth in the global
fermented beverages market, owing to rapidly growing population in
countries such as China and India.
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Global
Fermented Beverages Market Segmentation:
The
global fermented beverages market is segmented on the basis of raw
material, product type, and region. Based on raw material, the global
fermented beverages market segmented as grains, fruits, dairy, tea,
vegetables, and others. Amongst raw material segment, fruits &
dairy segments are expected to contribute for major revenue share and
expected to expand at a significant growth rate in near future,
followed by fermented tea beverages. On the basis of product type,
the global fermented beverages market is segmented as alcoholic
beverages and non-alcoholic beverages. The alcoholic beverages
segment possess significant market shares. Whereas, non-alcoholic
beverages segment is expected to gain substantial growth in near
future, owing to increasing number of health conscious consumers
globally and consumers move towards adoption of healthy lifestyle,
through consumption of natural sources based non alcoholic drinks.
Global
Fermented Beverages Market Dynamics:
Growth
of the global fermented beverages market is driven by growing demand
for alcoholic beverages, increasing awareness about advantages of
fermented products, and increasing number of health conscious
consumers demanding natural source based alcoholic and non-alcoholic
fermented drinks. Changing consumer lifestyle, increasing per capita
income, rapidly developing economy, employment rate, and rapid rate
of urbanization are the macroeconomic factors driving the global
fermented beverages market growth. Growing beverages and
pharmaceuticals industry are factors expected to slightly
contributing the growth of the global fermented beverages market.
Some of the factors trending the global fermented beverages market
includes, growing technological advancement in the production process
of fermented products, high investment in the food & beverages
industry, and mergers & acquisitions between the supply chain
members and manufacturers of fermented beverages. The companies
operating in the fermented beverages market have significantly higher
opportunity in Asia-Pacific attributed to the rapid growth of economy
and population across the regions.
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Increasing
losses to vegetables and fruit growers due to issues related with
transportation and storage as well as continues market price
fluctuations, are other factors attracting fruits and vegetable
processors to invest in fermentation machinery and manufacture fruits
and vegetable based fermented beverages products.
Global
Fermented Beverages Market Regional Outlook:
Based
on the geographies, global fermented beverages market is segmented
into five regions; North America, Latin America, Europe, Asia-Pacific
and Japan, and Middle East & Africa. Among regional segments,
North America and Europe accounts for the major share of the global
fermented beverages market with substantial growth rate, owing to
high demand for alcoholic beverages across the regions. Asia-Pacific
is expected to expand at a significant growth rate in near future,
attributed to rapidly growing population and changing consumer
lifestyle across the region. Overall, the outlook for the global
fermented beverages market will have a positive growth over the
forecast period, considering high demand for alcoholic beverages by
consumers being counterfeiting factors.
Global
Fermented Beverages Market Player:
Looking
at growing market for fermented non-alcoholic and alcoholic beverages
various existing players are launching new products as well as new
players are entering into the market. Few players in the global
fermented beverages market include Dohler, Fruit Ingredients, Sula
Wines, Puna Noni Naturals, Caldwell etc.
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