Anticipated Growth in Revenue:
Probiotic Drink Market size is expected to reach nearly US$ 24.48 Bn. by 2029 with the CAGR of 6% during the forecast period.
Probiotic Drink Market Overview:
The Probiotic Drink Market is set to expand significantly, with expectations to reach nearly US$ 24.48 billion by 2029, growing at a CAGR of 6% during the forecast period. This market analysis delves into various facets such as product types, distribution channels, and regional insights, providing a comprehensive view of the industry’s dynamics. The report spans from 2017 to 2029, offering a detailed look at past trends and current scenarios, enriched with contributions from key market players.
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Probiotic Drink Market Scope:
The report encompasses an in-depth analysis of the Global Probiotic Drink Market, segmented by product types, distribution channels, and regions. It includes a thorough examination of the market environment, key players, and future hot spots for manufacturing, particularly in the Asia Pacific region. The analysis also covers the impact of manufacturing costs, supply chains, raw material availability, labor costs, and technological advancements on the market.
Probiotic Drink Market Drivers:
The demand for functional beverages, particularly those enhancing digestive health, has surged globally, driving the growth of the probiotic drink market. Increasing consumer awareness about gut health and the benefits of probiotics, especially among younger demographics, is a significant factor propelling market growth. Ready-to-drink probiotic beverages for on-the-go consumption have further boosted market expansion. Additionally, probiotics’ role in maintaining a healthy gut microbiome, aiding in weight management, and boosting immune function has heightened their popularity.
Probiotic Drink Market Segmentation:
by Product
Dairy – Based
Plant – Based
by Distribution Channel
Offline
Online
by Bacteria
Lactobacillus
Streptococcus
Bifid Bacterium
Others
by Flavor
Regular
Berry
Tropical
Others
Probiotic Drink Market Key Players: The key players are
1 Yakult Honsha Ltd.
2 Danone S.A.
3 Amul
4 Pepsico
5 NextFoods
6 Harmless Harvest
7 Bio – K Plus International Inc.
8 Fonterra Co – Operative Group
9 Lifeway Foods Inc.
10 Nestle SA
11 Chobani LLC
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Probiotic Drink Market Regional Analysis:
Asia Pacific leads the global probiotic drink market, accounting for over 40% of the market share in 2021. Countries like China, Japan, and India are key markets, with China being one of the most significant consumers of probiotics globally. The region’s preference for yogurt-based probiotic drinks plays a crucial role in its market dominance.
Central and South America is expected to witness the fastest CAGR of 7.2% from 2022 to 2029. The region’s functional beverage market is rapidly growing, with Brazil contributing significantly to sales. Factors such as rising health concerns, a growing middle-class population, and expanding availability of probiotic drinks are driving market growth in this region.
COVID-19 Impact Analysis on Probiotic Drink Market:
The COVID-19 pandemic has had a profound impact on the global probiotic drink market. The heightened focus on health and wellness during the pandemic led to increased consumer interest in products that boost immunity and overall health. Probiotic drinks, known for their health benefits, saw a surge in demand as consumers sought ways to enhance their immune systems and maintain good health amid the crisis. This trend is expected to continue post-pandemic, as health consciousness remains a priority for consumers.
Key Questions Answered in the Probiotic Drink Market Report are:
- What will be the CAGR of the Probiotic Drink market during the forecast period?
- Which segment emerged as the leading segment in the Probiotic Drink market?
- Which are the prominent players in the Probiotic Drink market?
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