Kefir Market Revenue Analysis and Regional Forecast by 2020-2027
The global kefir market size is projected to reach USD 1.84 billion by 2027, exhibiting a CAGR of 5.4% during the forecast period. Excellent benefits of fermented dairy products on heart health will prove to be a major game-changer for this market in the coming years. Kefir has been consumed for centuries in Eastern Europe and other parts of the world, and it is becoming increasingly popular in other regions as well, due to its perceived health benefits. Findings from a 2018 study conducted by researchers from the University of Eastern Finland revealed that men who consume large amount of fermented dairy items such as kefir and yoghurt have a significantly lower risk of developing coronary heart disease. Another study, conducted in Brazil and published in the Journal of Nutritional Biochemistry in 2019, showed that kefir-infused fermented milk improved blood pressure and prevented cardiac hypertrophy. With increasing prevalence of cardiovascular disorders, which are the number one cause of death worldwide according to the WHO, the demand for probiotics-laden ingredients such as kefir is likely to spike, as people become more aware of their potential health benefits.
List of Key Companies Profiled in the Kefir Market Report:
The Icelandic Milk and Skyr Corp (New York, U.S.)
Maple Hill Creamery, LLC (New York, U.S.)
Green Valley Creamery (California, U.S.)
The Hain Celestial Group, Inc. (New York, U.S.)
Nestle S.A. (Vevey, Switzerland)
Emmi AG (Lucerne, Switzerland)
Fresh Made Dairy (Pennsylvania, U.S.)
Biotiful Dairy Limited (London, England)
Danone S.A. (Paris, France)
Lifeway Foods, Inc. (Illinois, U.S.)
Market Opportunity
Increasing Focus on Gut Health to Fight the Coronavirus to Create Opportunities
The COVID-19 pandemic has renewed the debate on maintaining gut health, with several health experts emphasizing and highlighting the critical link between the immune system and the gut. For example, epidemiologists at the King’s College London established through research that gut bacteria release many important chemicals, including Vitamin A, which help regulate and strengthen the immune system. With a vaccine for the coronavirus seeming unlikely in the immediate future, bolstering the gut micro-biome, and the immune system by extension, has become crucial. This is possible, according to the researchers, by consuming healthy amounts of natural probiotics found in drinks such as kefir and fermented foods such as Korean kimchi. The current health crisis, therefore, may generate conditions favorable to the kefir market growth. However, disruptions in supply chains and downturn in economic activities will dampen the growth prospects of the market in 2020.
Competitive Landscape
Companies to Align Strategies to Serve Evolving Consumer Tastes
With consumer preferences and tastes undergoing continuous change, key players in this market are constantly evolving their strategies to meet the consumer demand. As a result, companies are developing and introducing novel offerings to broaden their sales horizons and build a strong brand value for their products.
Industry Developments:
May 2020: Biotiful Dairy expanded its kefir liquid portfolio with the addition of Kefir Blackcurrant and Kefir Mango flavors. The company’s cultured milk beverages are created by fermenting milk with live kefir grains, which is then infused with fruit.
September 2019: Lifeway Foods released the “Kefir Minis” product range at the Natural Products Expo East held in Baltimore, Maryland. Offered in small-sized bottles for on-the-go snacking, the line-up features four flavors, including Strawberry Split and Campfire S’mores, catering to kids’ tastes and likings.
Browse In-depth Summary of This Research Insight:
https://www.fortunebusinessins....ights.com/kefir-mark
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