Report Ocean introduces a fresh report examining the Global Kvass Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Global Kvass Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Kvass Market is valued at approximately USD 2.62 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2022-2029.
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Kvass is a fermented cereal-based low-alcoholic beverage with light brown colour and sweet-sour flavour. Moreover, sometimes it is also flavoured with berries, fruits, herbs, honey and so on. It is the most common type of beverage consumed in Slavic and Baltic countries such as Russia, Ukraine, Serbia, Poland, Estonia, Latvia, and Lithuania among others. Kvass is available in different flavours including apple, lemon, cherry, mint, beets, and strawberry. The increasing demand for flavoured alcoholic and non-alcoholic beverages and growing consumption of functional beverages as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The increasing consumption of functional beverages is contributing to the growth of the Global Kvass Market. For instance, according to Statista – In 2021, the global functional foods and beverage market were valued at USD 281.14 billion, and the market is predicted to grow at a compound annual growth rate of about 9.5 per cent between 2021 and 2028 to reach more than USD 500 billion by end of 2028. Moreover, as per Statista – in 2019, the retail sales of functional beverages in China were estimated at USD 15.44 billion, and the sales are projected to exceed to USD 17.10 billion by 2024. Also, the increasing number of health-conscious individuals and the growing prevalence of obesity & other lifestyle disorders would create a lucrative growth prospectus for the market over the forecast period. However, lack of awareness and penetration in developing regions stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Kvass Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of leading market players and the high consumption of Kvass due to its origin in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising consumption of functional beverages, and growing preference towards low-alcohol beverages, and increasing penetration of leading market players in the region.
Major market players included in this report are:
- All Stars Beverages
- Bryanskpivo
- Carlsberg Group
- Coca-Cola Company
- Gubernija
- Kvass Beverages LLC
- Maltra Foods
- Ochakovo
- PepsiCo, Inc.
- Piebalgas alus
Recent Developments in the Market:
In August 2020, Pittsburgh, USA-based Apteka, a Central & Eastern European cuisine-focused restaurant, bar and natural wine bottle shop has launched their in-house bottled Kvass drink. The new drink is made from the restaurant’s naturally leavened organic dark rye bread, fermented with yeast, and carbonated.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Flavor Type
Apple
Lemon
Cherry
Mint
Beets
Strawberry
Others
By Packaging Type
Bottle
Can
Others
By Price Point
Premium
Mass
By Distribution Channel
Supermarket
Convenience Store
E-Commerce
Food service
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Reasons to Consider Purchasing the Kvass Market Report:
Comprehensive Market Insights: Delve into the depths of the Kvass Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Kvass market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Kvass market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Kvass market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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