The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Kefir Global Market Report 2024, the kefir market is expected to show significant growth in the forecast period.

The kefir market has experienced robust growth in recent years, surging from $1.86 billion in 2023 to a projected $1.99 billion in 2024, marking an impressive Compound Annual Growth Rate (CAGR) of 6.8%. The historic growth is attributed to a heightened awareness of probiotic and fermented foods, a surge in interest in gut health, and an increased preference for natural, functional food products.

Key Growth Figures:

• 2023 Market Size: $1.86 billion
• Projected 2024 Size: $1.99 billion
• CAGR (2023-2024): 6.8%
• Drivers: Probiotic awareness, gut health interest, demand for functional foods, health-conscious lifestyles

Anticipating Strong Growth in the Horizon

The kefir market is poised for continued strong growth in the coming years, with a forecasted value of $2.65 billion by 2028, showcasing a compelling Compound Annual Growth Rate (CAGR) of 7.4%. This anticipated surge is attributed to the expansion of online retail channels, increasing prevalence of lactose intolerance, and the integration of kefir into functional food and beverage formulations.

Future Projections:

• 2028 Projected Size: $2.65 billion
• CAGR (2024-2028): 7.4%
• Driving Factors: Online retail expansion, lactose intolerance prevalence, functional formulations

Health and Wellness Industry: A Catalyst for Kefir Market

The escalating demand for the health and wellness industry is anticipated to be a significant driver for the growth of the kefir market. As the health and wellness sector gains prominence, kefir emerges as a rich source of probiotics, contributing to gut health. In the UK, the sector is poised to reach $37.22 billion by 2023, according to Wellness Creative Co., underscoring the pivotal role of health-conscious consumer trends in propelling the kefir market.

Health and Wellness Insights:

• Growth Sector: Health and wellness industry
• Probiotic Source: Kefir for gut health
• UK Projection (2023): $37.22 billion

View More On The Kefir Market Report 2024 –
https://www.thebusinessresearchcompany.com/report/kefir-global-market-report

R&D Initiatives Shaping the Future

Research and Development (R&D) initiatives stand out as a prominent trend shaping the kefir market. With an increasing preference for healthy snacks and beverages, companies are heavily investing in R&D to innovate and introduce novel kefir products. A New Zealand-based producer of young coconut kefir exemplified this trend with a crowdfunding campaign aimed at supporting the research and development of innovative kefir-fermented food and beverage products.

R&D Trend Highlights:

• Focus Area: Healthy snacks and drinks
• Example: NZ-based coconut kefir producer’s crowdfunding
• Objective: Innovation and development of kefir products

Strategic Acquisition Fueling Expansion

In a strategic move in March 2021, Lactalis Canada, a French multinational dairy product corporation, acquired Agropur’s yogurt business, including the Olympic yogurt, sour cream, and kefir brands. The undisclosed acquisition strengthens Lactalis Canada’s national presence and underscores a long-term commitment to the Canadian food processing industry.

Strategic Acquisition:

• Acquirer: Lactalis Canada
• Acquired: Agropur’s yogurt business
• Brands Included: Olympic yogurt, sour cream, kefir
• Objective: National expansion, commitment to the Canadian industry

Market Dynamics and Segmentation

The kefir market is intricately segmented based on type, form, category, source, and distribution channels. Key segmentation categories include milk kefir and water kefir, organic and conventional forms, flavored and non-flavored categories, and various sources such as animal milk, soy milk, and coconut milk. The distribution channels encompass supermarkets/hypermarkets, convenience stores, specialist stores, and other distribution channels.

Market Segmentation:

1. Type:
   • Milk Kefir
   • Water Kefir
2. Form:
   • Organic
   • Conventional
3. Category:
   • Flavored kefir
   • Non-Flavored kefir
4. Source:
   • Animal milk
   • Soy milk
   • Coconut milk
   • Other Sources
5. Distribution Channel:
   • Supermarkets/Hypermarkets
   • Convenience Stores
   • Specialist Stores
   • Other Distribution Channels

Regional Dynamics

In 2023, North America emerged as the largest region in the kefir market. However, Asia-Pacific is anticipated to be the fastest-growing region during the forecast period, showcasing the global expansion and diversification of the kefir market.

Regional Overview:

• Dominant Region (2023): North America
• Fastest-Growing Region: Asia-Pacific (Forecast Period)

Request A Sample Of The Global Kefir Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=6076&type=smp

The Kefir Global Market Report 2024  provides an in-depth analysis on the kefir market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the kefir market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –

Fruit And Nut Farming Global Market Report 2024

Milk And Butter Global Market Report 2024

Organic Fruit And Nut Farming Global Market Report 2024

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