Probiotic Drinks Market Overview, Global Size, Share, Demand, Leading Companies and Industry Analysis 2022-2027
The global probiotic drinks market size reached US$ 14.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.4% during 2022-2027.
According to IMARC Group’s latest report, titled “Probiotic Drinks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global probiotic drinks market size reached US$ 14.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.4% during 2022-2027.
Probiotic drink, or functional drink, consists of specific microorganisms that help in maintaining a healthy balance of stomach bacteria and gut health. It offers several health benefits, such as weight loss, immune function, and digestive health. Probiotic drinks are generally manufactured by adding water, fruits or herbal extracts, and sugar to the probiotic culture of bacteria and yeast and then processing it using bio-fermentation. Regular consumption of probiotic drinks facilitates effective nutrient absorption and helps in treating and preventing gastrointestinal issues (GI), such as constipation, irritable bowel syndrome (IBS), and diarrhea.
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Market Trends and Drivers:
The shifting consumer preference towards functional food and beverages, such as ready-to-drink (RTD) and probiotic drinks, and the increasing incidences of gastrointestinal issues (GI) are major factors driving the probiotic drinks market growth. Additionally, the rising health consciousness and surging demand for immunity boosting and probiotic fortified dietary supplements are also contributing to the market growth. Apart from this, the launch of various product variants, such as the introduction of probiotic drinks with exotic flavors, and the increasing consumer healthcare expenditures are creating a positive outlook for the market.
Probiotic Drinks Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the probiotic drinks market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amul (GCMMF)
- Bio-K Plus International Inc.
- Chobani LLC
- Danone S.A.
- Fonterra Co-operative Group
- Harmless Harvest Inc.
- Kevita Inc. (Pepsico Inc.)
- Lifeway Foods Inc.
- Nestle SA
- Yakult Honsha Co. Ltd.
Key Market Segmentation:
The report has segmented the global probiotic drinks market based on product, distribution channel and region.
Breakup by Product:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmacy Stores
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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