Zenith Global 2019 European Kombucha Report

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Zenith Global Report

2019

European Kombucha Report An overview of the European kombucha market


Copyright All copyright in this document is reserved. Liability This document contains information and may contain conclusions and recommendations. Every effort has been made to ensure that the information is accurate and that the opinions expressed are sound. However, Zenith Global Ltd cannot be made liable for any errors or omissions or for any losses or consequential losses resulting from decisions based on the information. Important notice on distribution This report should not be quoted, referred to or transmitted to another party, in whole or in part, with out the prior written consent of Zenith Global Ltd. Should you desire to release a copy of this report to another party for information purposes, we request you and the requesting party to indemnify Zenith Global Ltd from any liability related to the report distribution. Such readers however will not be considered “users� of this report.

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Contents Section 1. Introduction and scope Executive Summary European kombucha market overview European kombucha opportunities SWOT Analysis Kombucha market analysis: Germany

UK France Conclusion

Brand profiles - Top 3 markets Brand profiles - Rest of Europe

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Introduction and scope

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1. Introduction and scope Overview Commentary

Scope European coverage of the kombucha market, including historic data and future outlook of the market such as the category size and growth, kombucha variants and packaging, price per litre and its comparison with other beverages, consumer profile, top players, kombucha SWOT analysis and new product launches. The data presented in this report covers the following countries

East Europe: Belarus, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine

West Europe: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Louisa Sabin Insight Analyst

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1. Introduction and scope Definition Kombucha •

Kombucha is a fermented beverage made by adding a live culture of yeast and bacteria to tea and leaving it to ferment at room temperature.

The process of kombucha brewing is generally made of five main steps.

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1

2

3

4

Loose tea leaf is added to boiled water

Sugar is added

Tea is strained and left to cool at room temperature

Add starter and SCOBY

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Fermentation between 1-4 weeks

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Ready to be consumed


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Executive summary

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2. Executive summary Key findings Commentary

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European kombucha market overview

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3. European kombucha market overview Sub-regions’ kefir volume and value share Kombucha volume share by sub-region, 2018

50.0% 50.0% East Europe West Europe

Kombucha value share by sub-region, 2018

20.0%

East Europe West Europe 80.0%

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Commentary


3. European kombucha market overview Kombucha market volume and value Commentary Kombucha market volume and % growth 4

30.0%

30.0%

35.0%

3

30.0%

3

25.0%

2

20.0% 15.0%

2

15.0% 15.0%

15.0%

1

10.0%

1

5.0%

0

0.0% 2013

2014 2015 2016 Volume in million litres

2017 2018 % change

Kombucha market value and % growth 7

40.0%

35.0%

6

25.0%

25.0%

4 3

30.0%

30.0%

5

20.0%

20.0%

15.0%

15.0%

2

10.0%

1

5.0%

0

0.0% 2013

2014

2015

2016

Value in million Euros

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35.0%

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2017 % change

2018


3. European kombucha market overview Top 3 kombucha consumption countries Commentary

Top 3 countries by volume, 2013

25.0%

25.0%

Country a Country b Country c Country d

25.0% 25.0%

Top 3 countries by volume, 2018

25.00%

25.0%

Country a Country b Country c Country d

25.0%

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25.0%


3. European kombucha market overview Kombucha variants and packaging Kombucha variants

Kombucha types - % volume share, 2018

Commentary

50.0% 50.0%

Plain kombucha

Flavoured kombucha

Packaging volume % share, 2018

Kombucha packaging

Commentary

40.0% 60.0%

Plastic bottles

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Glass bottles


3. European kombucha market overview Kombucha price evolution and comparison with other categories Commentary

Kombucha price evolution

Euro 10.00 8.00

6.00 4.00 2.00 0.00

2013

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2015

2016

2017

2018

Average price per litre (ppl)

Germany ppl

France ppl

UK ppl

2018 price per litre - Euro

Country

2014

Kombucha

RTD tea

2019

Functional water


3. European kombucha market overview Consumer profile Commentary

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3. European kombucha market overview Kombucha market forecast Kombucha volume share by sub-region, 2023

30.0% East Europe West Europe 70.0%

Top 4 countries by volume, 2023

25.0%

25.0% Country a Country b Country c Country d

25.0%

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25.0%

Commentary


3. European kombucha market overview Kombucha market forecast Commentary

Kombucha market volume and % growth 9 8 7 6 20.0% 5 4 3 2 1 0 2018

35.0% 35.0%

35.0%

40.0% 35.0% 30.0%

20.0%

25.0%

20.0%

20.0% 15.0% 10.0% 5.0% 0.0% 2019f

2020f

2021f

Volume in million litres

2022f

2023f

% change

Kombucha market value and % growth 70

15.0%

60 20.0%

20.0%

20.0%

15.0%

50 40

10.0%

25.0%

15.0%

10.0%

30

10.0%

20 5.0%

10 0

0.0% 2018

2019f

2020f

2021f

Value in million Euros

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2022f

2023f

% change


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European kombucha opportunities

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Growth opportunities Commentary

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4. European kombucha opportunities Highest growth countries: Denmark Macroeconomic indicators:

Trends related to the kombucha market in Denmark

Commentary Commentary

Commentary

Commentary

Commentary

Commentary

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4. European kombucha opportunities Highest growth countries: Denmark •

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Commentary

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Commentary


4. European kombucha opportunities Highest growth countries: Sweden Macroeconomic indicators:

Trends related to the kombucha market in Sweden

Commentary Commentary

Commentary

Commentary

Commentary

Commentary

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4. European kombucha opportunities Highest growth countries: Sweden •

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Commentary

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Commentary


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SWOT Analysis

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4. European kombucha opportunities Kombucha SWOT analysis

S

Strengths

Commentary

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Weaknesses

Commentary


4. European kombucha opportunities Kombucha SWOT analysis

O

Opportunities

Commentary

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Threats

Commentary


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Country Market analysis

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Country kombucha market overview Kombucha market volume and value Commentary

Kombucha market volume and % growth 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0

30.0%

30.0%

20.0%

25.0%

20.0% 15.0%

35.0%

20.0%

15.0%

15.0% 10.0% 5.0% 0.0% 2013

2014

2015

2016

Volume in million litres

2017

2018

% change

Kombucha market value and % growth 12

40.0%

40.0%

40.0%

2016

2017

2018

10 8

25.0%

25.0%

2014

2015

6

4 2 0 2013

Value in million Euros

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% change

45.0% 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0%


Country kombucha market overview Kombucha variants and packaging Kombucha types - % volume share, 2018

Kombucha variants Commentary

20.0%

80.0% Plain kombucha

Flavoured kombucha

Packaging volume % share, 2018

Kombucha packaging 10.0%

90.0% Plastic bottles

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Glass bottles

Commentary


Country kombucha market overview Kombucha price evolution and comparison with other categories Commentary Local currency

Kombucha price evolution

Euro

8.00 6.00 4.00 2.00 0.00 2013

2014

2015

2016

2017

2018

Price per litre in Euros

2018 price per litre

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Kombucha

RTD tea

Functional water

2019


Country kombuchamarket overview Consumer profile Commentary

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Country kombucha market overview Top players and innovations Top players

Top 5 kombucha producers by volume, 2018 10.0%

Commentary

10.0% 10.0%

10.0%

30.0%

Producer

Innovations Commentary

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Producer

30.0%

Producer

Producer

Producer

Producer


Country kombucha market overview Kombucha market forecast Commentary

Kombucha market volume and % growth 4.5 4 3.5 3 2.5 2 1.5 1 0.5 0

30.0%

35.0% 30.0%

30.0% 20.0%

25.0%

20.0% 15.0%

15.0%

20.0% 15.0% 10.0% 5.0% 0.0%

2018

2019f

2020f

2021f

Volume in million litres

2022f

2023f

% change

Kombucha market value and % growth 25

25.0%

20.0%

20.0%

20

20.0% 15.0%

15.0% 15.0% 15.0%

15

15.0%

10

10.0%

5

5.0%

0

0.0% 2018

2019f

2020f

2021f

Value in million Euros

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2022f

2023f

% change


Country kombucha market overview kombucha SWOT analysis

S

Strengths

Commentary

O

Opportunities

Commentary

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W

Weaknesses

Commentary

T

Threats

Commentary


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Conclusion

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6. Conclusion Key summary points Commentary

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Brand profiles

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8. Brand profiles Premium

Product Origin Website: Product information: Launch date: Variants: Positioning and channels:

Pack size and type: Price:

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