Pune, 26, April 2023: Over the forecast period, Maximize Market Research expects the Hard kombucha Market growth from USD 40.90 Mn in 2022 to USD 181.88 Mn in 2029 at a CAGR of 23.76 percent. The report analysed by Maximize Market Research, on the Hard kombucha market, covers an extensive regional analysis and competitive landscape.
Hard kombucha Market Report Scope and Research Methodology
The Hard kombucha Market report includes current trends and market highlights, assisting clients in exploring lucrative opportunities in the market. The report covers insights into the major drivers, challenges, and major restraints of the Hard kombucha Market. During the forecast period, the report covers market size with estimations and growth rates. To understand market penetration, competitive structure, pricing, and demand analysis, regional market analysis is carried out at the local, regional, and global levels.
For a competitive landscape of the Hard kombucha Market, Key players are collected based on several parameters that involve the products and services offered, revenue generated, technological advancements adopted and mergers and acquisitions. The bottom-up approach was used for Hard kombucha market estimation. Data is collected using primary and secondary collection methods with qualitative and quantitative approaches. Primary data include surveys, questionnaires and telephonic interviews with market experts, market leaders and business owners. Secondary data was taken from annual reports, financial reports, government organizations’ sites and white papers.
Research tools like SWOT, PESTLE and Porter were used for the Hard kombucha Market analysis for the Micro and macro factors affecting the Hard kombucha Market presented. Thus the report act as a guide for investors, stakeholders, and market followers of the market.
Hard kombucha Market Dynamics
Hard kombucha has contain potential health benefits such as improved digestion and immune function. The increasing awareness regarding health consciousness among consumers leads to an increase in the use of high alcohol and traditional sugary drink and fermented beverages such as Hard kombucha. It gives probiotic bacteria and potential health benefits. Thus, the shifting preference of consumers for the health benefits of fermented drinks increases the demand for the Hard kombucha Market.
The market is driven by the availability of a variety of flavors, growing adoption of moderate alcohol content beverages among consumers, especially in the younger generation and millennials, depletion in the consumption of alcohol, new innovations in the products, increasing demand for more unique alcoholic options, the increasing trend towards the premiumization and the growing popularity of the artisanal and craft beverages. Over the forecast period, the market growth is expected to be restrained by the high costs of raw materials.
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Hard kombucha Market Regional Insights
North America dominated the Hard kombucha Market with the largest revenue share in 2022. The regional market is driven by the adoption of the mass appeal from both male and female consumers increasing demand for alcoholic beverages from different age groups, the presence of the major manufacturers, high demand from baby boomers, millennials and Gen Z consumers and increasing demand for craft beverages and consumer preferences for low ABV cocktails.
Over the forecast period, the Asia Pacific is expected to have a significant rate Hard kombucha Market. The regional market is majorly driven by the increasing awareness and visibility of alcoholic beverages among consumers in developing economies such as China, Japan and Australia. The increasing penetration of Hard kombucha, availability of a variety of flavors, demographic changes, urbanization and rising disposable income are the influencing factors in the growth of the Hard kombucha Market.
Hard kombucha Market Segmentation
By ABV Content
- Up to 5.0% ABV
- 6.0 to 10.0% ABV
By Distribution Channel
- On-trade
- Off-trade
Hard kombucha Market Key Competitors include:
- GT’s Living Foods
- Flying Embers
- Kombrewcha
- Health-Ade Kombucha
- Unity Vibration
- JuneShine
- Boochcraft
- KYLA Kombucha
- Brew Dr. Kombucha
- Humm Kombucha
- Health-Ade Kombucha
- Wild Tonic
- Dr Hops Kombucha Beer
- Kombucha Wonder Drink
- Clearly Kombucha
Table of Content for Global Hard kombucha Market:
- Global Hard kombucha Market: Research Methodology
- Global Hard kombucha Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Hard kombucha Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by Region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Hard kombucha Market Segmentation(2022-2029)
- Global Market, by ABV Content (2022-2029)
- Global Market, by Distribution Channel (2022-2029)
- Regional Hard kombucha Market (2022-2029)
- Regional Market, by ABV Content (2022-2029)
- Regional Market, by Distribution Channel (2022-2029)
- Regional Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by ABV Content, Distribution Channel and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Key questions answered in the Hard kombucha Market are:
- What is Hard Kombucha?
- What is the CAGR of the Hard Kombucha Market?
- What was the Hard kombucha Market size in 2022?
- What is the expected Hard kombucha market size during the forecast period?
- What is the scope of the Hard kombucha Market?
- What are the Key driving factors for the growth of the Hard kombucha Market?
- What are the different segments of the Hard kombucha Market?
- What are the factors restraining the growth of the Hard kombucha Market?
- What is the demand pattern of the Hard kombucha Market?
- What are the major challenges that the Hard kombucha Market could face in the future?
- What growth strategies are the players considering to increase their presence in Hard Kombucha?
- What are the upcoming industry applications and trends for the Hard kombucha Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Hard Kombucha Market?
- What are the top players operating in the Hard kombucha Market?
- Which region accounted for the largest market share in the Hard kombucha Market?
Maximize Market Research is Consumer Goods and Services research firm, has also published the following reports:
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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