The global probiotic drink market size is expected to reach USD 21.95 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% from 2020 to 2027. The increasing adoption of functional beverages resulting from rising health concerns among consumers is boosting the growth of the market over the world. Probiotic Drink offers several health benefits, including digestive health, weight loss, and immune function. Furthermore, they boost mental health by reducing depression, obsessive-compulsive disorder (OCD), anxiety, and autism. Additionally, the increasing availability of these ready-to-drink products has been promoting the growth of the market.
Dairy-based
products led the market with over 55.0% share of the global revenue in 2019.
Dairy-based products, especially yogurt-based products, are traditional
probiotics widely available over the world. Kefir and buttermilk are some of
the popular regional beverages gaining popularity across the globe. The
plant-based product segment is expected to register the fastest CAGR over the
forecast period due to the increasing number of lactose-intolerant people
worldwide. Several manufacturers including Goodbelly (NextFoods), KeVita
(PepsiCo), and Harmless Harvest. sell plant-based products only.
The
Asia Pacific dominated the market in 2019 with more than 40.0% share. China,
Japan, and India are the key markets in the region. In February 2018, Yakult
Danone India launched a new product under the brand name, Yakult Light. This
beverage contains vitamin D, vitamin E, and less sugar. Health experts believe
that the added benefits of vitamin D and vitamin E help improve bone health and
slow down the process of aging.
Central
and South America are expected to grow at the fastest CAGR of 7.2% from
2020 to 2027. Growing demand for functional beverages in countries, such as
Brazil and Argentina, as a result of increased health consciousness and growing
middle-class population at the global level, is expected to fuel the demand for
the product in the region.
Full Research Report On Probiotic Drink Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/probiotic-drink-market
Probiotic Drink
Market Report Highlights
- Central and South America is
expected to register the fastest CAGR of 7.2% from 2020 to 2027 owing to
the increased importance of functional beverages in countries, including
Brazil and Argentina
- The dairy-based product
segment dominated the market by accounting for over 55.0% share of the
global revenue in 2019. Easy product access, along with first-mover
advantage in the market, is expected to fuel the growth of the segment
- The online distribution
channel segment is expected to expand at the fastest CAGR of 6.7% from 2020
to 2027 owing to the convenient shopping and easy payment process offered
by such channels.
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Probiotic Drink
Market Segmentation
Grand View Research has segmented
the global probiotic drink market on the basis of product, distribution
channel, and region:
Probiotic Drink
Product Outlook (Revenue, USD Million, 2016 - 2027)
- Dairy-based
- Plant-based
Probiotic Drink
Distribution Channel Outlook (Revenue, USD Million, 2016 - 2027)
- Offline
- Online
Probiotic
Drink Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
List of Key Players
of Probiotic Drink Market
- Yakult Honsha Co., Ltd.
- Danone S.A.
- GCMMF (Amul)
- PepsiCo
- NextFoods
- Harmless Harvest
- Bio-K Plus International
Inc.
- Fonterra Co-operative Group
- Lifeway Foods, Inc.
- Nestle SA
- Chobani, LLC
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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