The probiotic beverages market is anticipated to attain forty six.09 billion by means of 2024, at a CAGR of 8.Forty four%, in the course of the forecast length, 2019-2024.
The probiotic drink market is driven with the aid of the growing variety of fitness aware consumers, especially the younger generation.
Probiotic liquids are part of the purposeful beverages, which could help in enhancing the health situations of gut with the aid of preserving the balance of the gut.
The dairy-based probiotic liquids segment is the leading section in the probiotic marketplace, followed with the aid of the fruit-based totally probiotic drinks segment. Asia-Pacific holds the most important percentage of the probiotic drinks marketplace, observed Europe.
Scope of the Report
The probiotic liquids marketplace record includes examine on segmentation via product kind (fruit-primarily based probiotic liquids, dairy-primarily based probiotic drinks, and different probiotic liquids), distribution channel (supermarkets/hypermarkets, comfort stores, pharmacies/health shops, and different distribution channels), and geography.
Key Market Trends
Growing Demand for Functional Food and Beverages
Consumers are searching out beverages that provide a further benefit aside from quenching their thirst. The increasing amount of health conscious populace is the principal aspect boosting the increase of the practical food and beverage marketplace. Functional food and liquids have additional nutritional blessings that may assist to preserve the stability of the frame, specifically the gut. Many fruit and drinks companies are extending their product line through including useful beverages to their portfolio, which includes probiotic beverages. Functional foods and prebiotic liquids are a trending food dependancy all around the international. However, the market proportion is specifically occupied by means of the evolved markets. Asia-Pacific is the most important and quickest growing marketplace for practical food and beverages.
Asia-Pacific Remains the Fastest Growing Market
In the Asia-Pacific place, probiotics liquids market has large possibility. Majority of probiotics are consumed in the shape of yogurts and fermented merchandise (from soy to veggies and even eggs). Probiotic beverages, along with ingesting yogurt, have been experiencing growing call for from the area. Global gamers, like Yakult, are dealing with hard competition from neighborhood players, inclusive of Mengniu group.
There is a wholesome opposition between the main players to seize the bigger portion the market and grow to be the global leader. Companies are making themselves competitive by using bringing new differentiation with new flavors, healthy ingredients, and progressive packing.
The leading gamers of the marketplace have a higher logo loyalty most of the customers. Small and nearby gamers also are increasing their popularity and product characteristics to stay inside the competition. Major players have their presence in all of the principal countries of the sector and are increasing to the areas, in which they may be not gift.
Key Topics Covered:
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
three EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET INSIGHTS
four.1 Market Trends
four.2 Market Restraints
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
5 MARKET DYNAMICS
6 MARKET SEGMENTATION
6.1 Product Type
6.1.1 Fruit-primarily based Probiotic Drinks
6.1.2 Dairy -based Probiotic Drinks
6.1.3 Other Probiotic Drinks
6.2 Distribution Channel
6.2.2 Convenience Stores
6.2.3 Pharmacies/Health Stores
6.2.4 Other Distribution Channels
7 COMPETITIVE LANDSCAPE
7.1 Strategies Adopted via Key Players
7.2 Most Active Companies
7.3 Market Share Analysis
7.Four Company Profiles
7.4.2 Bio-K Plus International
7.Four.Three Fonterra Co-op Group Ltd
7.Four.4 Groupe Danone SA
7.4.5 Grupo Lala
7.4.6 Harmless Harvest
7.Four.Eight Pepsico Inc. – Kevita Inc.