NY, USA, December 28, 2022 (GLOBE NEWSWIRE) — Research Dive Global probiotic beverage market. According to the report, the global market is expected to exceed $13,814.7 million and grow at a CAGR of 8.5% during the estimated period from 2021 to 2028.This comprehensive report provides a comprehensive overview of the current and future landscape of the global market by presenting key features such as growth drivers, growth opportunities, restraints and developments over the forecast period. The report also provides all the necessary and important market statistics to help new players gain insight into the global market conditions.
Impact of the COVID-19 Pandemic on the Probiotic Beverage Market
The outbreak of the 2020 COVID-19 pandemic has had an optimistic impact on the growth of the global probiotic beverage market. During the pandemic, the increased awareness about adopting a healthy diet and staying healthy to prevent infection from the virus has significantly increased the demand for healthy food and beverages. Among them, the demand, production and sales of probiotic drinks are increasing. This has created many growth opportunities for the probiotic beverage market during the pandemic.
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Factors Affecting Probiotic Beverage Market Growth
The major factors boosting the growth of the global probiotic beverage market are growing awareness of the health benefits of consuming probiotic beverages and increasing levels of acidity, constipation, and constipation in individuals of all ages. It is an increase in lifestyle-related diseases such as stomach disorders. Moreover, increasing development of existing probiotic beverage products by major market players is expected to open the door to lucrative opportunities for market growth. However, high prices of probiotic beverages are expected to hamper the market growth.
This report categorizes the global probiotic beverage market into product type, distribution channel, and region.
Dairy-Based Probiotic Beverage Subsegment Gains Largest Market Share
The dairy-based probiotic beverages sub-segment of the product type segment is expected to grow significantly during the forecast period, exceeding $7,831.9 million. This growth is largely due to a growing preference for dairy-based probiotic beverages that are easy to make at home.
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Offline subsegment observing exponential growth
The offline sub-segment of the distribution channel segment is expected to reach $12,193.7 million during the forecast period. This is mainly because consumers are increasingly shopping at offline stores. This is because offline stores offer the opportunity to physically view and select the desired product.
The Asia-Pacific region feels rapid growth
This report analyzes the global probiotic beverage market across multiple regions such as Asia Pacific, North America, Europe and LAMEA. Among these, the Asia-Pacific market is projected to reach $420.7 million during the estimated period. This growth is primarily due to the growing presence of leading Chinese and Japanese probiotic beverage manufacturers in the region.
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Global Market Top Player
The report presents some of the key players operating in the global probiotic beverage market.
- Yakult Honsha Co. Ltd.
- Nestle SA
- Danone SA
- pepsico
- Next Foods
- harmless harvest
- Fonterra Cooperative
- Lifeway Foods Co., Ltd.
- BioK Plus International Co., Ltd.
- Jobani limited liability company.
These players are taking various initiatives, such as new product launches, investments in strategic alliances and collaborations, etc., to gain dominance in the global market.
For example, in August 2021, US startup Yoi launched a range of plant-based probiotic drinks. Yoi Probiotic Nut and Seedmilks are available in Vanilla Bean, Strawberry, Pineapple and Cacao Nib flavors.
The report also provides numerous industry insights, including top strategic initiatives and developments, new product launches, performance, Porter’s Five Forces analysis, and SWOT analysis of the forefront players functioning in the global market. To do.
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