Globally, the Kvass Market will reach $6,23 Billion by 2030 at 102% CAGR: Allied Market Research
PORTLAND, Ore., Sept. 15, 2021 -- Allied Market Research published a report entitled "Kvass Market". The Global Opportunity Analysis and Industry Forecast, 20212030, by Flavor Type (Apple, Lemon, Cherry, Mint, Beets, Strawberry and others), Packaging Type(Bottle and Can), Price Point ( According to the report, the global kvass industry generated $2.38 billion in 2020, and projected to generate $6.23 billion by 2030, with a CAGR of 10.2% from 2021 to 2030.
The driving force of growth is the growth factor.
The global kvasss growth is driven by the global surge in influence of social media, growth of millennial population, a rise in consumer awareness, and change in consumers preferences. Markets are on the rise. The market growth is hindered by the availability of substitute products and the threat of counterfeit kvass drink. On the other hand, the rise in demand for premium drinks in developing countries presents new opportunities in the coming years.
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Covid-19 Scenario Scendario Covvid Scneno Scnario.
- The outbreak of the COVID-19 pandemic caused the closure of manufacturing units of food and beverage industries across the world.
- The pandemic caused further disruptions in supply chain management, owing to which the manufacturers faced challenges in transportation of raw materials and finished products, which ultimately impeded sales.
- Thus, the food and beverage industry was negatively impacted in workforce at industry level, trade & logistics, demand / supply, particularly during COVID-19 initial period.
The bottle is a bottle. During the forecast period, a segment will continue to maintain its leadership status for the entire forecast time period.
The bottle segment had the highest market share in 2020, accounting for nearly half of the global kvass in the world. This is attributed to benefits associated with such as maintaining flavor brilliance and freshness, display appeal and durableness. Glass bottles are also considered attractive and beautiful packaging for premium beverages. However, the can segment is expected to have the highest CAGR of 11,0% from 2021 to 2030. Because aluminum is a major source of raw materials for making cans. It's a very cost-effective raw material and can customize packages with colors, 3D prints and embossing. Its properties such as lightweight, impermeable and high flexibility make it ideal for packaging kvass drinks.
The mass segment to keep its lead position during the forecast period.
Based on price point, the mass segment accounted for the largest share in 2020, contributing to two-thirds of the global kvass population. In the forecast period, it is projected that it will continue to dominate the market. This is because the foreign manufacturer is a huge tax on alcohol import and export. This taxation ultimately erodes the prices of alcohol and nonalcoholic beverages and makes it less affordable and inaccessible. The premium segment will likely bring the highest CAGR of 12.6% from 2021 to 2030. This is because of the rise in consumption of low alcohol-based beverages by the millennials and young adults in young people, who consume a Millennial and Young Adult generation consuming fewer beverages.
Europe, followed by North America, to maintain his dominance until 2030.
Based on region, Europe, followed by North America, held the highest market share in terms of revenue 2020, accounting for more than two-fifths of the global kvass. The market is very good. This is due to social media, local events and local promotion, and the presence of traditional kvass processing industries, who associate the kavas with high quality products, sustainability and quality local produced products. With the growing millennial population and the dynamic changes in the consumption patterns in developing countries, Asia-Pacific region will expect the fastest CAGR of 11.9% in forecast period, owing to the rapid growth of the Asia Pacific region.
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Leading market players:-- Leading players are- - leading players in the market.
- All Stars Beverages All Sterne Beers.
- Bryanskpivo, Bryantspyvo.
- Carlsberg Group Group Carlisberg group.
- Coca-Cola Company, Coca Cola.
- Gubernija is Gubberya.
- Kvass Beverages LLC - Kvass beverage.
- Maltra Foods are Malterse food.
- Ochakovoo is Otchaskoo.
- PepsiCo Inc.
- Piebalgas alusus is Piebilgas.
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