Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.2 Billion | USD 2.37 Billion | 7.18% | 2022 |
The global birch water market size was worth around USD 1.2 Billion in 2022 and is predicted to grow to around USD 2.37 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.18% between 2023 and 2030.
The report analyzes the global birch water market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the birch water market.
The birch water industry deals with the production and sale of birch water which is a natural beverage that is derived from the sap of birch trees. The demand for the beverage is driven due to the several health benefits associated with the consumption of the drink. It is also low in calories and sugar but has a sufficient quantity of antioxidants, minerals, and vitamins. Studies have also indicated that birch water has detoxifying and anti-inflammatory properties. In recent years, the industry has witnessed excellent growth since the demand for natural and healthy beverages has increased multifold. It includes stakeholders ranging from local producers to large corporations working in the food & beverages (F&B) sector that sells birch water in various forms including canned or bottled versions along with powdered or concentrated versions. During the forecast period, the industry may witness a high growth rate but also come across several challenges and restrictions.
Growing rate of vegan diet culture to promote market growth
The global birch water market is anticipated to grow owing to the rising number of people shifting toward a vegan diet form along with consumers that prefer to consume only plant-based items. Research studies have shown the potential benefits of not consuming meat regularly. It has a positive impact on the health of the consumer and also on the environment. For instance, plant-based food products are an excellent source of fiber, minerals, and vitamins. Regular consumption is known to promote the reduced risk of chronic diseases such as heart disease, diabetes, and certain types of cancer. Furthermore, it has a lower environmental footprint as opposed to animal farming and has a higher alignment with the compassionate or ethical treatment of animals. As end-consumers are increasingly getting aware of the positive implications of switching or adopting vegan diet forms, the demand for beverages containing birch water is expected to rise.
Limited availability to restrict market expansion
The production of birch water is highly dynamic since birch water is a seasonal product and is mostly available during certain parts of the year. Typically, the spring season has the highest rate of birch water production. This is a crucial growth limiting factor for the birch water industry as the availability of the product is highly limited. In addition to this, the cost of producing birch water is relatively high, especially when compared to other regular beverages that are mostly available throughout the years. This could further restrict the accessibility to the product amongst certain consumer groups.
Potential health benefits to create new growth opportunities
Over the years, birch water has been linked by several companies and research groups to several health benefits, including boosted immunity, improved digestion, and increased hydration. As more investments are directed toward higher research on understanding the potential health benefits of birch water, demand for the product could increase. Moreover, as the awareness rate regarding the advantages of consuming birch water increases, more health-conscious people are likely to consume the product and incorporate the beverage into their diet structure, thereby driving birch water market expansion.
Limited consumer awareness to pose a major threat
Although the global birch water industry is witnessing steady growth due to the potential health benefits of birch water, the market is still a relatively unknown product in many sectors. This can limit demand and make it difficult for companies to market their products effectively. Additionally, the industry growth is heavily reliant on sustainable harvesting of birch trees but in areas that deal with limited resources, this can be a major concern as companies may ignore to prioritize following sustainable practices.
The global birch water market is segmented based on distribution channel, type, nature, application, and region.
Based on distribution channel, the global market segments are retail distribution and direct distribution. In 2022, the highest growth was registered in the retail distribution segment which deals with selling products through various retail outlets like supermarkets and natural food stores. Most of these units offer regular discounts and other incentives to regular buyers and tend to have more footfall than other forms of distributors. During the forecast period, direct distribution may become a crucial segment of the industry. Online sales or direct-to-consumer models may also be important for some companies but not as significant as retail versions. As per the India Brand Equity Foundation, organized retail forms close to 10% of the region's total retail industry.
Based on type, the global market is divided into non-carbonated and carbonated.
Based on nature, the global market divisions are conventional and organic. As per recent market trends, the demand in the organic segment is likely to witness higher growth since it is one of the few factors that allows market players to stand out from the rest of the competitors. By emphasizing that organic birch water is more healthy and has a positive environmental effect, the industry players can gain more revenue. As per a study in the Journal of Food Composition and Analysis, the mineral content of birch water can range from 11.8 to 97.3 mg/L for calcium.
Based on application, the global market divisions are pharmaceuticals, food and beverages, personal care & cosmetics, and nutraceuticals.
Report Attributes | Report Details |
---|---|
Report Name | Birch Water Market Research Report |
Market Size in 2022 | USD 1.2 Billion |
Market Forecast in 2030 | USD 2.37 Billion |
Growth Rate | CAGR of 7.18% |
Number of Pages | 195 |
Key Companies Covered | Treo Brands, TÕRRA, Sibberi, Wild West, Nordic Koivu, Belseva, Säpp, Sealand Birk, Alaska Wild Harvest, Nature On Tap, RA, Wild & Pure, Biotona Bio, Sip Sap, Drink Simple, Vitalge, WILDY, and Byarozavik. |
Segments Covered | By Distribution Channel, By Type, By Nature, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe to witness the highest growth during the forecast period
The global birch water market is expected to witness the highest growth in Europe since it is currently the largest contributor to the world industry. Countries like Russia, Finland, and the Baltic states are the major producers of birch water. The high consumption and production of the beverages are largely associated with the weather conditions of these regions which are known to witness low temperatures for a large part of the year. Furthermore, the abundant birch tree forests allow Europe to become an ideal location to produce birch water production. In addition to this, the increasing demand for organic and healthy beverages in association with growing awareness about the benefits of birch water could work in the favor of regional growth. The North American market, although relatively small, is expected to grow rapidly. The region's growing health consciousness and interest in natural and organic products are driving demand for birch water.
The global birch water market is expected to be dominated by players like:
By Distribution Channel
By Type
By Nature
By Application
By Region
FrequentlyAsked Questions
The industry deals with the production and sale of birch water which is a natural beverage that is derived from the sap of birch trees.
The global birch water market is anticipated to grow owing to the rising number of people shifting toward a vegan diet form along with consumers that prefer to consume only plant-based items.
According to study, the global birch water market size was worth around USD 1.2 billion in 2022 and is predicted to grow to around USD 2.37 billion by 2030.
The CAGR value of the birch water market is expected to be around 7.18% during 2023-2030.
The global birch water market is expected to witness the highest growth in Europe since it is currently the largest contributor to the world industry.
The global birch water market is expected to be dominated by players like Treo Brands, TÕRRA, Sibberi, Wild West, Nordic Koivu, Belseva, Säpp, Sealand Birk, Alaska Wild Harvest, Nature On Tap, RA, Wild & Pure, Biotona Bio, Sip Sap, Drink Simple, Vitalge, WILDY, and Byarozavik.
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