The Global Probiotic Drinks Market size is expected to reach $25.2 billion by 2026, rising at a market growth of 9.5% CAGR during the forecast period. Probiotic Drinks comprise the living microorganisms which when consumed having numerous health benefits such as they are helpful in improving gut health. Nowadays, probiotics drinks have gained popularity as an essential beverage in order to maintain a healthy gut and a robust immunity system.
Probiotics beverages additionally help in keeping the natural balance of bacterial population in the intestines and contributes to preventing and treating gastrointestinal (GI) problems like diarrhoea and irritable bowel syndrome. Conversely, the health aids of probiotics are attained by regular consumption and they do not show instant effects. The progress of the market is compelled by factors including health benefits related to probiotic-fortified foods as well as advancement in technology in probiotic products.
The rising demand for functional beverages across the world in order to enhance digestive health is aiding the growth of the market in the coming years. Consumers are gradually becoming more aware of the probiotics product and its importance for the wellness of their gut. Moreover, the increasing health consciousness among the consumers, mainly young consumers, has driven the demand for probiotic products all across the world. Furthermore, the accessibility of ready-to-drink products for consumption has stimulated the market growth.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 13 Billion |
| Market size forecast in 2026 | USD 25.2 Billion |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 9.5% from 2020 to 2026 |
| Number of Pages | 150 |
| Number of Tables | 243 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Distribution Channel, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Australia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Probiotic Drinks Market to reach a market size of $25.2 Billion by 2026
Consumers are nowadays looking for beverages that are able to give a surplus benefit other than satisfying their thirst. The increase in the health-conscious population is one of the major factors that is driving the growth of the food and beverage market. Functional food and beverages give additional nutritional benefits which are helpful to maintain the nutritional balance of the body, mainly the gut. Most of the fruit and beverage companies are spreading their product line by the addition of functional beverages to their portfolio, including probiotic drinks. Functional foods and prebiotic drinks are trending all over the world. Though, the market share is largely engaged by the developed markets. Asia-Pacific is one of the fastest-growing markets for functional food and beverages.
Based on Product, the market is segmented into Diary based and Plant based. Based on Distribution Channel, the market is segmented into Online and Offline. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The major strategies followed by the market participants are Product Launches and Acquisitions. Based on the Analysis presented in the Cardinal matrix; Nestle S.A., PepsiCo, Inc., and Danone S.A. are the forerunners in the Probiotic Drinks Market. Companies such as Lifeway Foods, Inc., Kerry Group PLC, and Harmless Harvest, Inc., Grupo LALA SAB de CV, General Mills, Inc., and Fonterra Co-operative Group Limited are some of the key innovators in the market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., Danone S.A., PepsiCo, Inc., Fonterra Co-operative Group Limited, General Mills, Inc. (NextFoods), Kerry Group PLC, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), Lifeway Foods, Inc., Grupo LALA SAB de CV, and Harmless Harvest, Inc.
» Partnerships, Collaborations, and Agreements:
» Acquisition and Mergers:
» Product Launches and Product Expansions:
Market Segmentation:
By Product
By Distribution Channel
By Geography
Companies Profiled
The global probiotic drinks market size is expected to reach $25.2 billion by 2026.
The major factors that are anticipated to drive the probiotic drinks industry include health benefits accompanied by probiotics fortified food.
The Asia Pacific has the largest share in the year 2019. China, India, and Japan are the main markets in this region.
Nestle S.A., Danone S.A., PepsiCo, Inc., Fonterra Co-operative Group Limited, General Mills, Inc. (NextFoods), Kerry Group PLC, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), Lifeway Foods, Inc., Grupo LALA SAB de CV, and Harmless Harvest, Inc.
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