The kefir market in Europe is expected to reach a projected revenue of US$ 692.5 million by 2027. A compound annual growth rate of 4.9% is expected of Europe kefir market from 2020 to 2027.
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Europe kefir market highlights
The Europe kefir market generated a revenue of USD 473.3 million in 2019.
The market is expected to grow at a CAGR of 4.9% from 2020 to 2027.
In terms of segment, animal milk based was the largest revenue generating product in 2019.
Milk Substitute Based is the most lucrative product segment registering the fastest growth during the forecast period.
Country-wise, Switzerland is expected to register the highest CAGR from 2020 to 2027.
Europe data book summary
Market revenue in 2019
USD 473.3 million
Market revenue in 2027
USD 692.5 million
Growth rate
4.9% (CAGR from 2019 to 2027)
Largest segment
Animal milk based
Fastest growing segment
Milk Substitute Based
Historical data covered
2016 - 2018
Base year for estimation
2019
Forecast period covered
2020 - 2027
Quantitative units
Revenue in USD million
Market segmentation
Animal Milk Based, Milk Substitute Based
Key market players worldwide
Lifeway Foods Inc, Emmi AG, Maple Hill Creamery, Green Valley Natural Solutions, Danone North America, findhelp, a Public Benefit Corporation, Nancy's Probiotic Foods, Lactalis, Forager Project, KeVita
Other key industry trends
In terms of revenue, Europe region accounted for 48.0% of the global kefir market in 2019.
Globally, Europe is projected to lead the regional market in terms of revenue in 2027.
Asia Pacific is the fastest growing regional market and is projected to reach USD 293.4 million by 2027.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Kefir Market Outlook will help companies and investors design strategic landscapes.
Animal Milk Based was the largest segment with a revenue share of 66.34% in 2019.
Horizon Databook has segmented the Europe kefir market based on animal milk based, milk substitute based covering the revenue growth of each sub-segment from 2016 to 2027.
Europe Kefir Market Product Outlook (Revenue, USD Million , 2018-2030)
Animal Milk Based
Milk Substitute Based
Europe Kefir Market Distribution channel Outlook (Revenue, USD Million , 2018-2030)
Online
Offline
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Kefir Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Kefir Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.