KEFIR MARKET Size | Anticipated CAGR of 5.5%, Reaching US$ 2.10 Bn by 2029 | Key Players: Green Valley Creamery, Maple Hill Creamery, LLC, Redwood Hill Farm & Creamery

by kalpesh on April 16, 2024

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Kefir Market Poised for Moderate Growth, Reaching US$ 2.10 Billion by 2029

The global kefir market is expected to reach US$ 2.10 billion by 2029, reflecting a steady CAGR of 5.5% from 2022, according to a new report by Maximize Market Research. This growth is driven by increasing consumer interest in gut health and fermented foods.

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Market Overview

Kefir is a fermented beverage made from kefir grains, which contain yeast and bacteria. It is known for its probiotic content and potential health benefits, including improved digestion and immune function. The kefir market is witnessing a growing demand for both animal-based (dairy) and plant-based kefir options.

Objectives of the Report

To provide a comprehensive analysis of the global kefir market, including market size, growth trajectory, segmentation, and key trends.
To identify the major factors influencing market growth, such as rising health consciousness and increasing disposable incomes.
To analyze the competitive landscape and identify the prominent players in the kefir market.
To offer insights into the future potential of the market, including emerging trends and growth opportunities.

Market Segmentation

By Product: Animal-based kefir holds the dominant market share, but the plant-based segment is expected to witness the highest growth rate due to the rising popularity of vegan diets and lactose intolerance.
By Distribution Channel: Offline channels, such as supermarkets and grocery stores, currently hold the largest share, but online sales are growing rapidly due to increasing convenience and product availability.
By Category: Flavored kefir varieties are gaining traction among consumers, particularly those with a preference for fruit-based flavors.
By Nature: Organic kefir is attracting health-conscious consumers who value natural and minimally processed products.

Market Players

Lifeway Foods, Inc. (a leading player in the North American kefir market)
The Hain Celestial Group, Inc.
Danone S.A.
Nestlé S.A.
Local and regional players in various countries

Regional Analysis

The report focuses on the global kefir market, with insights into key regions like North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America and Europe are expected to remain the dominant markets due to established consumer awareness and a wider product range. However, the Asia Pacific region is anticipated to witness the fastest growth rate due to factors like rising disposable incomes and increasing urbanization.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a mixed impact on the kefir market. While initial disruptions occurred, the focus on health and immunity during the pandemic has driven interest in functional foods like kefir.

Key Questions Answered