Fermented beverages market is expected to each US$ 1,061.05 Bn by 2023
The latest market report published by Credence Research, Inc. “Fermented Beverages Market, By Raw Material Type, Type and Region – Growth, Future Prospects and Competitive Analysis, 2016 – 2023,” the global fermented beverages market was valued at US$ 747.55 Bn in 2015, and is expected to each US$ 1,061.05 Bn by 2023, expanding at a CAGR of 5.0% from 2016 to 2023.
Browse the full Fermented Beverages Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/fermented-beverages-market
Market Insights
The alcoholic fermented beverages market is growing due to increasing disposable incomes and changing lifestyles. With the rise in luxury living, the demand for quality beer and wine has also increased. However, now consumers prefers healthier alternative to strong alcohol drinks, such as alcoholic drinks with low alcohol content. Several breweries has already came up with innovative and new flavored beers such as chocolate, lemon and blueberry among various other flavors.
Non-alcoholic beverages, accounted for 0.92% share of the market in 2015 and projected to witness fastest growth over the next six years. The market for non-alcoholic fermented beverages is witnessing growth partly due to increased awareness about health benefits associated with it and mainly due to presence of large multinationals which are making non-alcoholic fermented beverages more accessible and visible for the consumer. Moreover, the launch of new products is stimulating the market growth. Rising demand for fortified food and beverages products is another factor propelling the market growth for non-alcoholic fermented beverages.
Competitive Insights
The global fermented beverages market is highly fragmented due to presence numerous players in each segment. Moreover, none of the market players provides the entire product range. Merger, acquisitions and collaborations are the key strategies adopted by market players to enhance their market position.
Key Trends
Launches of new products are stimulating the market growth
Rising demand from emerging economies
Large multinationals are making non-alcoholic fermented beverages more accessible and visible for the consumer
Browse the full Fermented Beverages Market – Growth, Future Prospects and Competitive Analysis, 2016 – 2023 report at http://www.credenceresearch.com/report/fermented-beverages-market
Latest Reports:
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: Credence Research
The post Fermented beverages market is expected to each US$ 1,061.05 Bn by 2023 appeared first on PDF Devices – eReaders and Tablets.
ReleaseID: 8385
Copyright © 1999-2013 SproutNews.com
