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Global Kvass Market to reach USD 5.70 billion by the end of 2029

Global Kvass Market Size study & Forecast, by Flavor Type (Apple, Lemon, Cherry, Mint, Beets, Strawberry, and Others), Packaging Type (Bottle, Can and Others), Price Point (Premium and Mass), and Distribution Channel (Supermarket, Convenience Store, E-Commerce, Food service and Others) and Regional Analysis, 2022-2029

Product Code: OIRFB-51587365
Publish Date: 8-02-2023
Page: 200

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. 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 player 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.

Global Kvass Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Flavour Type, Packaging Type, Price Point, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Kvass Market, by Region, 2019-2029 (USD Billion)
1.2.2. Kvass Market, by Flavor Type, 2019-2029 (USD Billion)
1.2.3. Kvass Market, by Packaging Type, 2019-2029 (USD Billion)
1.2.4. Kvass Market, by Price Point, 2019-2029 (USD Billion)
1.2.5. Kvass Market, by Distribution Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Kvass Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Kvass Market Dynamics
3.1. Kvass Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for flavoured alcoholic and non-alcoholic beverages
3.1.1.2. Growing consumption of functional beverages
3.1.1.3. Strategic initiatives from leading market players
3.1.2. Market Challenges
3.1.2.1. Lack of awareness and penetration in developing regions
3.1.3. Market Opportunities
3.1.3.1. Increasing number of health-conscious individuals
3.1.3.2. Growing prevalence of obesity & other lifestyle disorders
Chapter 4. Global Kvass Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Kvass Market, by Flavor Type
6.1. Market Snapshot
6.2. Global Kvass Market by Flavor Type, Performance – Potential Analysis
6.3. Global Kvass Market Estimates & Forecasts by Flavor Type 2019-2029 (USD Billion)
6.4. Kvass Market, Sub Segment Analysis
6.4.1. Apple
6.4.2. Lemon
6.4.3. Cherry
6.4.4. Mint
6.4.5. Beets
6.4.6. Strawberry
6.4.7. Others
Chapter 7. Global Kvass Market, by Packaging Type
7.1. Market Snapshot
7.2. Global Kvass Market by Packaging Type, Performance – Potential Analysis
7.3. Global Kvass Market Estimates & Forecasts by Packaging Type 2019-2029 (USD Billion)
7.4. Kvass Market, Sub Segment Analysis
7.4.1. Bottle
7.4.2. Can
7.4.3. Others
Chapter 8. Global Kvass Market, by Price Point
8.1. Market Snapshot
8.2. Global Kvass Market by Price Point, Performance – Potential Analysis
8.3. Global Kvass Market Estimates & Forecasts by Price Point 2019-2029 (USD Billion)
8.4. Kvass Market, Sub Segment Analysis
8.4.1. Premium
8.4.2. Mass
Chapter 9. Global Kvass Market, by Distribution Channel
9.1. Market Snapshot
9.2. Global Kvass Market by Distribution Channel, Performance – Potential Analysis
9.3. Global Kvass Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
9.4. Kvass Market, Sub Segment Analysis
9.4.1. Supermarket
9.4.2. Convenience Store
9.4.3. E-Commerce
9.4.4. Food service
9.4.5. Others
Chapter 10. Global Kvass Market, Regional Analysis
10.1. Kvass Market, Regional Market Snapshot
10.2. North America Kvass Market
10.2.1. U.S. Kvass Market
10.2.1.1. Flavor Type breakdown estimates & forecasts, 2019-2029
10.2.1.2. Packaging Type breakdown estimates & forecasts, 2019-2029
10.2.1.3. Price Point breakdown estimates & forecasts, 2019-2029
10.2.1.4. Distribution Channel breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Kvass Market
10.3. Europe Kvass Market Snapshot
10.3.1. U.K. Kvass Market
10.3.2. Germany Kvass Market
10.3.3. France Kvass Market
10.3.4. Spain Kvass Market
10.3.5. Italy Kvass Market
10.3.6. Rest of Europe Kvass Market
10.4. Asia-Pacific Kvass Market Snapshot
10.4.1. China Kvass Market
10.4.2. India Kvass Market
10.4.3. Japan Kvass Market
10.4.4. Australia Kvass Market
10.4.5. South Korea Kvass Market
10.4.6. Rest of Asia Pacific Kvass Market
10.5. Latin America Kvass Market Snapshot
10.5.1. Brazil Kvass Market
10.5.2. Mexico Kvass Market
10.5.3. Rest of Latin America Kvass Market
10.6. Rest of The World Kvass Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. All Stars Beverages
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Bryanskpivo
11.2.3. Carlsberg Group
11.2.4. Coca-Cola Company
11.2.5. Gubernija
11.2.6. Kvass Beverages LLC
11.2.7. Maltra Foods
11.2.8. Ochakovo
11.2.9. PepsiCo, Inc.
11.2.10. Piebalgas alus
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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