Kvass Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Kvass Market 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
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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
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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
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Kvass Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Kvass market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Kvass market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Kvass market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Kvass Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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