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Probiotic Drinks Market Research Report By Type (Fruit-Based, Dairy-Based), By Bacteria (Lactobacillus, Streptococcus, Bifidobacterium), By Distribution Channel (Store-Based, Non-Store-Based), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

ID: MRFR/F-B & N/3566-HCR | 110 Pages | Author: Snehal Singh| May 2024

Global Probiotic Drinks Market Overview

Probiotic Drinks Market Size was valued at USD 22.9 billion in 2022. The Probiotic Drinks market industry is projected to grow from USD 24.82 Billion in 2024 to USD 40.27 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.4% during the forecast period (2024 - 2030). The market has expanded over the years due to the rising demand for functional beverages to promote digestive health ly. Customers are becoming more aware of the product and conscious of its significance for their digestive health. Also, the growing health consciousness among customers, particularly young people, has increased demand for the product. The market has expanded due to the accessibility of ready-to-drink goods for consumption on the go, thus driving the growth of the Probiotic Drinks market. These are just a few of the market drivers that are driving the market.Global Probiotic Drinks Market OverviewSource: Secondary Research, Primary Research, MRFR Database and Analyst Review

Probiotic Drinks Market Trends

  • Growing public knowledge of probiotic drinks to propel market growth

The product's popularity among customers has been fueled by growing public knowledge of its health benefits. According to a poll by Kerry Group, more than 75% of American customers and more than 50% of consumers worldwide are aware of the product's advantages for digestive health. From 2014 to 2019, "microbiome" searches on Google grew by 267%. As a result, probiotic drinks have become more popular as customers' awareness of their health has increased.

Drinking probiotics have been shown to improve immunological function, weight loss, and digestive health by maintaining a healthy balance of stomach bacteria. The liquids encourage regular bowel movements and enhance nutrient absorption. Also, these beverages support mental health because numerous research has demonstrated that gut health is related to mood and mental health. As a result, the substance aids in the reduction of autism, OCD, OCD, and depression. The products may also strengthen the immune system by encouraging the body to produce antibodies. Thus, this factor is driving the market CAGR.

The producers of probiotic beverages have been developing cutting-edge goods with various flavors and eye-catching packaging. The performance levels of the other strains make it easier for the producers to select a strong strain. The most popular strains utilized to make these products are Lactobacillus and Bifidobacterium. Bacillus may be used in even the harshest industrial processes. Thus, it is anticipated that this aspect will accelerate Probiotic Drinks market revenue.

Probiotic Drinks Market Segment Insights

Probiotic Drinks Type Insights

The Probiotic Drinks market segmentation, based on type includes, Fruit-Based, Dairy-Based. The Dairy-Based segment held the majority share in 2022 in the Probiotic Drinks market data. Traditional associations of probiotic beverages include fermented dairy beverages or beverages made with yogurt since probiotics and dairy products get along well. 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 increasingly well-known worldwide. Food & Drink International stated in February 2020 that Tesco plc, a supermarket, has seen a 400% increase in demand for kefir in the U.K. during the previous 18 months. Various milk-based products are offered by leading producers such as Yakult Honsha Co., Ltd., Danone S.A., and GCMMF (Amul).

Probiotic Drinks Bacteria Insights

The Probiotic Drinks market segmentation, based on bacteria includes Lactobacillus, Streptococcus, and Bifidobacterium. The Lactobacillus segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The most common strains used to produce these products are Lactobacillus and Bifidobacterium, which have increased demand over the study period. It is the most common type of bacteria used in probiotic drinks due to its gut health-maintaining properties, which aid in proper bowel movements and indigestion., hence contributing in the growth of the Probiotic Drinks market.Figure 2: Probiotic Drinks Market, by Bacteria, 2022 & 2030 (USD Billion)Probiotic Drinks Market, by Bacteria, 2022 & 2030Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Probiotic Drinks Distribution Channel Insights

The Probiotic Drinks market segmentation, based on distribution channel includes, Store-Based, Non-Store-Based. The Store-Based segment held the majority share in 2022 in the Probiotic Drinks market data. The three main store-based distribution channels are supermarkets, hypermarkets, and convenience stores. The sales of these beverages have expanded due to more shelf space in physical venues such as supermarkets, convenience stores, grocery stores, health food stores, and pharmacies.

Probiotic Drinks Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America Probiotic Drinks market accounted for USD 10.48 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. In terms of natural products, inclination for healthy food intake, and awareness of health and wellbeing, this region dominates the market. Consumers in this region place a high priority on good diet and everyday health. The use of probiotics to enhance digestive health is being promoted by health professionals and gastroenterologists in the US, which is driving up the price of probiotic beverages. As a result, probiotic beverages like yoghurt and nutritious sour milk goods like kefir and kombucha are becoming more popular in the United States. New product development, partnerships, partnerships, expansions, mergers, and acquisitions are the main strategies used by the organisations in the market.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: PROBIOTIC DRINKS MARKET SHARE BY REGION 2022 (%)PROBIOTIC DRINKS MARKET SHARE BY REGION 2022Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Probiotic Drinks market accounts for the second-largest market share. Functional drink producers promote probiotic beverages due to their favorable health effects and convenient accessibility to these drinks in various tastes. Moreover, millennials' eagerness to test new products for 'quick health' advantages and the need for essential drinks and supplements among the elderly will fuel the market. Moreover, UK Probiotic Drinks market held the largest market share, and the Germany Probiotic Drinks market was the fastest growing market in the region.

Asia Pacific Probiotic Drinks Market is expected to grow at the fastest CAGR from 2022 to 2030. According to FMI, the market for probiotic drinks in East Asia is predicted to experience significant growth, with China showing the most promise. Yogurts and fermented drinks made from soy, vegetables, or eggs are China's most popular probiotic drinks. Due to their health advantages, yogurt and other probiotic drinks are becoming increasingly popular. However, established and international players like Yakult now face stiffer competition in China thanks to local players like the Mengniu group. Also, the demand for these beverages is rising because of their perceived immunity-boosting properties, particularly among older adults, fueling the market's expansion. Further, the China Probiotic Drinks market held the largest market share, and the India Probiotic Drinks market was the fastest-growing market in the region.

Probiotic Drinks Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Probiotic Drinks market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, mergers and acquisitions, contractual agreements, increased investments, and collaboration with other organizations. Competitors in the Probiotic Drinks industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the Probiotic Drinks industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, Probiotic Drinks industry has provided medicine with some of the most significant benefits. The Probiotic Drinks market major player such Nestle S.A., Danone S.A., Amul Industries Pvt Ltd., Bright Dairy & Food Co. Ltd, Bio-K Plus International Inc.

The first of these formats consists of two unique drinks in standard 375ml bottles from Alive Biome, a company specializing in food and beverages and offering the highest-quality probiotics. Probiotics have been demonstrated to be crucial for preserving gut health, promoting the preservation of a healthy body and mind and preventing many common problems linked to nutrition. Alive Biome was founded in October 2016 by two family members from Shropshire, UK, who were concerned about health. AliveBiome, a U.K.-based company specializing in food and beverages, introduced a new probiotic beverage in November 2017 containing live bacteria, herbs, and vitamins. This probiotic beverage comes in 375ml bottles in raspberry and citrus flavors.

American food manufacturer Chobani is known for its strained yogurt. A Turkish businessman named Hamdi Ulukaya created the company in 2005. One of the firms responsible for the widespread adoption of thick, Greek-style yogurt in the US is Chobani. This type of yogurt is higher in protein than regular yogurt. The business has also branched into non-dairy, plant-based goods, including oat milk and dairy-free vegan yogurt. Chobani produces many Greek yogurt items, oat beverages, and snacks. A new plant-based organic beverage made with fermented fruit juice and oats was introduced by Chobani, LLC, in July 2020. These drinks' flavors include vanilla, mixed berry vanilla, banana cream, and strawberry cream.

Key Companies in the Probiotic Drinks market includes

  • Nestle S.A.

  • Danone S.A.

  • Amul Industries Pvt Ltd.

  • Bright Dairy & Food Co. Ltd

  • Bio-K Plus International Inc.

  • Fonterra Co-op Group Ltd

  • Cargill Inc.

  • Koninklijke DSM N.V.

  • PepsiCo Inc.

  • GoodBelly Probiotics

Probiotic Drinks Industry Developments

June 2022: The new drinkable yogurt Activa+ was introduced by Danone. Activa+ is a drinkable yogurt with multiple health benefits that contains active probiotic vitamins A, D, and zinc. The product has various flavors, including strawberry, peach, and raspberry.

May 2022: In Singapore, the Fonterra Co-operative brand Nurture debuted its first brand of cultured milk. Low-sugar, probiotic, and vitamin A and D-rich cultured milk promotes immunity and good health.

Probiotic Drinks Market Segmentation

Probiotic Drinks Type Outlook (USD Billion, 2018-2030)

  • Fruit-Based

  • Dairy-Based

Probiotic Drinks Bacteria Outlook (USD Billion, 2018-2030)

  • Lactobacillus

  • Streptococcus

  • Bifidobacterium

Probiotic Drinks Distribution Channel Outlook (USD Billion, 2018-2030)

  • Store-Based

  • Non-Store-Based

Probiotic Drinks Regional Outlook (USD Billion, 2018-2030)

  • North America

  • US

  • Canada

  • Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • Asia-Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Australia

  • Rest of Asia-Pacific

  • Rest of the World

  • Middle East

  • Africa

  • Latin America

Report Attribute/Metric Details
Market Size 2022 USD 22.9 billion
Market Size 2024 USD 24.82 billion
Market Size 2030 USD 40.27 billion
Compound Annual Growth Rate (CAGR)  8.4 % (2024-2030)
Base Year 2022
Market Forecast Period 2024-2030
Historical Data 2018 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Bacteria, Distribution Channleand Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Nestle S.A., Danone S.A., Amul Industries Pvt Ltd., Bright Dairy & Food Co. Ltd, Bio-K Plus International Inc.
Key Market Opportunities ·         Increased demand for different flavors
Key Market Dynamics ·         Growing public knowledge of probiotic drinks

Frequently Asked Questions (FAQ) :

The Probiotic Drinks market size was valued at USD 22.9 Billion in 2022.

The market is projected to grow at a CAGR of 8.4% during the forecast period, 2024-2030.

North America had the largest share in the market.

The key players in the market are Nestle S.A., Danone S.A., Amul Industries Pvt Ltd., Bright Dairy & Food Co. Ltd, Bio-K Plus International Inc.

The Dairy-Based category dominated the market in 2022.

The store-based had the largest share in the market.

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