Probiotic Drink Market size is expected to reach nearly US$ 24.48 Bn. by 2029 with the CAGR of 6% during the forecast period.

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Market Overview

The market overview focuses on analyzing the dynamics of the Probiotic Drink market , including its key players and market rivalry. The report provides revenue forecasts for the industry at the global, regional, and segment levels, with a particular emphasis on sales forecasting by segment and region. This comprehensive analysis allows for a detailed understanding of the market's current state and future trends, providing valuable insights for industry stakeholders.

Report Scope:

The recently published Global Probiotic Drink Market Report provides a comprehensive analysis of the probiotic drink industry, focusing on product types, distribution channels, bacteria types, flavors, and regional insights. The report covers historical market dynamics from 2017 to 2022 and offers valuable insights into current market scenarios, highlighting key players' contributions to the industry.

Research Methodology:

The report utilizes a rigorous research methodology, including the collection of data from reliable sources and conducting an in-depth analysis. The data is analyzed using various tools like PORTER, SVOR, and PESTEL, considering both micro and macroeconomic factors that could impact the market. The report also presents a clear view of competitive analysis, market segments, and growth strategies of key players.

Market Drivers and Restraints:

The growing demand for functional beverages worldwide, especially those targeting digestive health, is a significant driver for the probiotic drink market's growth. Consumers are becoming increasingly aware of the health benefits of probiotics, fostering the demand for such products. Ready-to-drink probiotic beverages designed for on-the-go consumption have also contributed to market growth.

Regional Insights:

Asia Pacific is expected to dominate the global probiotic drink market, accounting for the largest market share of over 40% in 2021. Key markets in the region include China, Japan, and India. Central and South America are anticipated to witness the fastest growth, with Brazil leading the sales in the region. Rising health concerns and the availability of probiotic drinks are expected to fuel demand in this region.

Market Size Forecast:

The Global Probiotic Drink Market is projected to reach US$ 24.48 billion by 2029, growing at a CAGR of 6% during the forecast period from 2023 to 2029. In 2022, the market size was estimated at US$ 16.28 billion.

Market Segments:

The market is segmented based on product types into Dairy-Based and Plant-Based probiotic drinks. Dairy-based products are expected to hold a larger market share compared to plant-based products during the forecast period.

To forecast the market size by value, the global market for probiotic drinks is examined under two primary segments and then further divided into sub-segments. In comparison to plant-based goods, the market share of dairy-based products is anticipated to grow over the forecast period. In 2021, dairy-based products accounted for more than 55.0% of total revenue. Since probiotics are extremely compatible with dairy products, probiotic drinks are typically connected with fermented dairy beverages or beverages made from yoghurt. Some of the conventional or regional dairy-based drinks are becoming more and more well-liked worldwide. For instance, kefir, a fermented milk beverage that has historically been drunk in Europe, is becoming more and more well-known worldwide.

1 Global Probiotic Drink Market, by Product (2022-2029)
Dairy - Based
Plant - Based

2 Global Probiotic Drink Market, by Distribution Channel (2022-2029)
Offline
Online

3 Global Probiotic Drink Market, by Bacteria (2022-2029)
Lactobacillus
Streptococcus
Bifid Bacterium
Others

4 Global Probiotic Drink Market, by Flavor (2022-2029)
Regular
Berry
Tropical
Others

Distribution Channels:

The probiotic drink market is divided into Offline and Online distribution channels, with offline channels currently accounting for the largest market share.

Bacteria Types:

The probiotic drink market includes various bacteria types such as Lactobacillus, Streptococcus, Bifid Bacterium, and Others.

Flavors: Probiotic drinks come in different flavors, including Regular, Berry, Tropical, and Others.

Key Players:

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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Key questions answered in the Probiotic Drink Market are:

  • What is Probiotic Drink Market?
  • What are the factors driving the Probiotic Drink Market Market growth?
  • What are the factors are limiting the Probiotic Drink Market Market growth?
  • What was the Probiotic Drink Market market size in 2029?
  • Which trends are expected to generate additional revenue for the Probiotic Drink Market market growth?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Probiotic Drink Market Market?
  • What growth strategies are the players considering to increase their foothold in the Probiotic Drink Market Market?
  • Who held the largest market share in the Probiotic Drink Market Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2023 to 2029)
  • Past Pricing and price curve by region (2023 to 2029)
  • Market Size, Share, Size & Forecast by different segment | (2023 to 2029)
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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