Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Kombucha is type of tea, used in drugs and medicines, created by mixing sugar with microbial culture such as bacteria, yeast, sometime fruit juice, mold and other zests.
The global kombucha market has developed exponentially over the past few years and is anticipated to reach USD 2.1 Billion by 2021, registering a compound annual growth rate (CAGR) of 25.2%.
With 39.6% share in 2015, North America became the biggest kombucha market. The North America kombucha has shown a significant demand in recent years and market is anticipated to grow at a CAGR of 25.3% over the period 2015 to 2021.
Under North America region, U.S. was the first to launch kombucha beverage in the market by establishing two popular brands, Synergy snd GT'S Ksombucha.
Asia Pacific and Europe kombucha market is growing at an average rate owing to escalating initiatives taken by the government. CLICK TO DOWNLOAD SAMPLE REPORT
On the basis of type, the global kombucha market is segmented as follows:
On the basis of flavor, the global kombucha market is segmented as follows:
On the basis of region, the global kombucha market is segmented into
Spiked health awareness, expanded consumer disposable income across the globe and changing lifestyle are some of the key drivers of global kombucha market. Moreover, rising demand for healthy and natural food & beverages and growing incidences of prolonged diseases such as high blood pressure ,diabetes, cancer, etc. are also expected to fuel the growth of global kombucha market in the up-coming years.
However, microbial sourcing and non-disinfected packaging of the product and lack of awareness amongst the consumers are projected to be major restraints of the global kombucha market over the forecast period i.e. 2015-2021.
Related Reports
Disclaimer | Privacy Policy | Terms & Conditions
Copyright © 2020 Research Nester. All Rights Reserved
