DUBLIN--(BUSINESS WIRE)--The "Probiotic Drinks Market By Type, By Flavor, By Sales Channel: Global Opportunity Analysis and Industry Forecast, 2020-2031" report has been added to ResearchAndMarkets.com's offering.
The probiotic drinks market size was valued at $ 11,047.4 million in 2020, and is estimated to reach $ 23,405.7 million by 2031, registering a CAGR of 6.6% from 2022 to 2031.
Key Market Players
- Chobani, LLC
- Denone SA
- GCMMF (AMUL)
- Harmless Harvest
- NextFoods, Inc.
- PepsiCo Inc
- Yakult Honsha Co., Ltd.
- Lifeway Foods, Inc.
- Fonterra Co-operative Group Ltd
Probiotics are bacteria that provide health benefits when consumed. Ingested bacteria that are related to human and animal health benefits are referred to as probiotics. Probiotic drinks are typically dairy-based beverages with a milky texture. They are consumed to aid digestion. Addition of probiotics to whey improves its characteristics and benefits significantly. Inclusion of flavors improves sensory properties of drinks while also increasing its shelf life. These factors drive demand for probiotic drinks in the market.
The probiotic drinks market has witnessed significant growth, owing to increase in number of health-conscious consumers increasingly focusing on intestine health and overall immunity. Furthermore, key players in the market are trying to consolidate their position by introducing high-quality products and establishing partnerships with well-known local nutraceutical brands, which is expected to drive the market growth during the forecast period.
Probiotics are necessary for gut health. Probiotic beverages are a delicious way to keep stomach in good shape. Dairy-based probiotics are available in a variety of forms. Non-dairy supplements are required for lactose intolerance, vegetarianism, and excessive cholesterol. Probiotics have recently 0created from a number of fruits and vegetables. Fruits and vegetables are high in vital nutrients, making them an ideal matrix for making probiotic drinks with maximum health advantages.
Consumers have now become more aware of the product and comprehending its value for gut health. Furthermore, rise in health awareness among customers, particularly among young consumers, have led to global demand for the product. Furthermore, availability of ready-to-drink items for use on-the-go has led to the market expansion.
Probiotic drinks aid in maintenance of a healthy stomach bacterial balance, which has a range of health benefits, including improved digestion, immunological function, and weight loss. These drinks promote bowel movement and nutrient absorption when consumed on a regular basis. Furthermore, these beverages boost mental health as various studies have shown that gut health is linked to mood and mental health. As a result, the substance aids in reduction of depression, anxiety, OCD, and autism. The products may also help to strengthen the immune system by encouraging creation of natural antibodies in the human body.
During the recent outbreak of COVID-19, owing to mandatory closures and restrictions by relevant regulatory agencies, operations in many industries were suspended or operated with a minimum of employees. However, probiotics have multiple intestinal health benefits and promote immunity. As a result, the demand for probiotic drinks has increased during the spread of COVID 19 to maintain healthy immune system. It has a significant positive impact on the industry's revenue growth. In addition, health benefits associated with overall health is also expected to fuel the global revenue growth of the market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the probiotic drinks market analysis from 2020 to 2031 to identify the prevailing probiotic drinks market opportunities.
- The market research is offered along with information related to key probiotic drinks market trends, drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the probiotic drinks market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global probiotic drinks market demand trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Dairy-Based
- Plant-Based
By Flavor
- Regular
- Berry
- Tropical
- Others
By Sales Channel
- Hypermarkets And Supermarkets
- Convenience Stores
- Online Retail
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- United Arab Emirates
- Rest of LAMEA
For more information about this report visit https://www.researchandmarkets.com/r/j1q0bx
