diff --git a/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/main/java/org/springframework/cloud/stream/binder/kafka/KafkaMessageChannelBinder.java b/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/main/java/org/springframework/cloud/stream/binder/kafka/KafkaMessageChannelBinder.java
index c54ed08796..9d6a95b047 100644
--- a/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/main/java/org/springframework/cloud/stream/binder/kafka/KafkaMessageChannelBinder.java
+++ b/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/main/java/org/springframework/cloud/stream/binder/kafka/KafkaMessageChannelBinder.java
@@ -914,12 +914,18 @@ public ObservationConfig observationConfig() {
 	@Override
 	protected Map<String, Object> doGetAdditionalConfigurationProperties(String destinationName) {
 		ContainerProperties kafkaContainerProperties = this.kafkaMessageListenerContainers.iterator().next().getContainerProperties();
-		// see 3167 we need to nullify ObservationRegistry to avoid jackson deserialization error
-		kafkaContainerProperties.setObservationRegistry(new NullObservationRegistry());
-		Map mapOfContainerProperties = this.objectMapper.convertValue(kafkaContainerProperties, Map.class);
-		Map<String, Object> additionalConfigurationProperties = new HashMap<>();
-		additionalConfigurationProperties.put("containerProperties", mapOfContainerProperties);
-		return additionalConfigurationProperties;
+		ObservationRegistry observationRegistry = kafkaContainerProperties.getObservationRegistry();
+		try {
+			// See 3167; nullify ObservationRegistry to avoid Jackson deserialization errors.
+			kafkaContainerProperties.setObservationRegistry(new NullObservationRegistry());
+			Map mapOfContainerProperties = this.objectMapper.convertValue(kafkaContainerProperties, Map.class);
+			Map<String, Object> additionalConfigurationProperties = new HashMap<>();
+			additionalConfigurationProperties.put("containerProperties", mapOfContainerProperties);
+			return additionalConfigurationProperties;
+		}
+		finally {
+			kafkaContainerProperties.setObservationRegistry(observationRegistry);
+		}
 	}
 
 	private BiFunction<ConsumerRecord<?, ?>, Exception, TopicPartition> createDestResolver(
diff --git a/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/test/java/org/springframework/cloud/stream/binder/kafka/KafkaConfigurationTests.java b/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/test/java/org/springframework/cloud/stream/binder/kafka/KafkaConfigurationTests.java
index 2a02415657..a1b9eeae41 100644
--- a/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/test/java/org/springframework/cloud/stream/binder/kafka/KafkaConfigurationTests.java
+++ b/binders/kafka-binder/spring-cloud-stream-binder-kafka/src/test/java/org/springframework/cloud/stream/binder/kafka/KafkaConfigurationTests.java
@@ -16,18 +16,25 @@
 
 package org.springframework.cloud.stream.binder.kafka;
 
+import java.time.Duration;
 import java.util.Map;
+import java.util.concurrent.atomic.AtomicInteger;
 import java.util.function.Consumer;
 
+import io.micrometer.observation.ObservationRegistry;
+import org.awaitility.Awaitility;
 import org.junit.jupiter.api.Test;
 
+import org.springframework.beans.DirectFieldAccessor;
 import org.springframework.beans.factory.annotation.Autowired;
 import org.springframework.boot.autoconfigure.EnableAutoConfiguration;
 import org.springframework.boot.test.context.SpringBootTest;
 import org.springframework.cloud.stream.binder.Binding;
 import org.springframework.cloud.stream.binding.BindingService;
+import org.springframework.cloud.stream.endpoint.BindingsEndpoint;
 import org.springframework.context.annotation.Bean;
 import org.springframework.context.annotation.Configuration;
+import org.springframework.kafka.core.KafkaTemplate;
 import org.springframework.kafka.test.context.EmbeddedKafka;
 import org.springframework.test.annotation.DirtiesContext;
 
@@ -35,20 +42,33 @@
 
 /**
  * @author Oleg Zhurakousky
+ * @author Fernando Blanch
  */
 @SpringBootTest(webEnvironment = SpringBootTest.WebEnvironment.NONE, properties = {
 	"spring.cloud.function.definition=barConsumer;fooConsumer",
 	"spring.kafka.listener.immediate-stop=true",
-	"spring.cloud.stream.bindings.fooConsumer-in-0.destination=foo"
+	"spring.cloud.stream.kafka.binder.enableObservation=true",
+	"management.endpoint.bindings.enabled=true",
+	"management.endpoints.web.exposure.include=bindings",
+	"spring.cloud.stream.bindings.fooConsumer-in-0.destination=foo",
+	"spring.cloud.stream.bindings.barConsumer-in-0.destination=bar",
+	"spring.cloud.stream.bindings.barConsumer-in-0.group=bar-group"
 })
 @EmbeddedKafka
 @DirtiesContext
 public class KafkaConfigurationTests {
 
+	private static final AtomicInteger RECEIVED_MESSAGES = new AtomicInteger();
 
 	@Autowired
 	private BindingService bindingService;
 
+	@Autowired
+	private KafkaTemplate<?, byte[]> kafkaTemplate;
+
+	@Autowired
+	private BindingsEndpoint bindingsEndpoint;
+
 	@Test
 	void testKafkaContainerConfigurationPropagation() throws Exception {
 		Binding<?> fooDestination = this.bindingService.getConsumerBindings("fooConsumer-in-0").iterator().next();
@@ -60,14 +80,43 @@ void testKafkaContainerConfigurationPropagation() throws Exception {
 		assertThat(((Map) barAdditionalConfigurationProperties.get("containerProperties")).get("stopImmediate")).isEqualTo(true);
 	}
 
+	@Test
+	void testObservationRegistryIsRestoredAfterGettingAdditionalConfigurationProperties() {
+		Binding<?> binding = this.bindingService.getConsumerBindings("barConsumer-in-0").iterator().next();
+		DirectFieldAccessor bindingAccessor = new DirectFieldAccessor(binding);
+		ObservationRegistry observationRegistry = (ObservationRegistry) bindingAccessor
+				.getPropertyValue("lifecycle.messageListenerContainer.containerProperties.observationRegistry");
+
+		this.bindingsEndpoint.queryStates();
+
+		assertThat(bindingAccessor.getPropertyValue(
+				"lifecycle.messageListenerContainer.containerProperties.observationRegistry"))
+					.isSameAs(observationRegistry);
+	}
+
+	@Test
+	void testKafkaConsumerCanBeRestartedAfterGettingAdditionalConfigurationProperties() {
+		RECEIVED_MESSAGES.set(0);
+		Binding<?> binding = this.bindingService.getConsumerBindings("barConsumer-in-0").iterator().next();
+
+		this.bindingsEndpoint.queryStates();
+		binding.stop();
+		binding.start();
+
+		this.kafkaTemplate.send("bar", null, "foo".getBytes());
+		this.kafkaTemplate.flush();
+
+		Awaitility.await().atMost(Duration.ofSeconds(10))
+				.untilAsserted(() -> assertThat(RECEIVED_MESSAGES).hasValue(1));
+	}
+
 	@EnableAutoConfiguration
 	@Configuration
 	public static class Config {
 
 		@Bean
 		Consumer<String> barConsumer() {
-			return message -> {
-			};
+			return message -> RECEIVED_MESSAGES.incrementAndGet();
 		}
 		@Bean
 		Consumer<String> fooConsumer() {