Probiotic Beverage Market to Exceed US$33.8 Billion by 2030 at a CAGR of 9% to 2030 : GreyViews
PUNE INDIA, Jan. 16, 2023 (GLOBE NEWSWIRE) — The market has been studied for North America, Europe, Asia, South America, and the Middle East and Africa for the segmentation and regional analysis described below. They are,
Probiotic beverage market
It is operational and expected to expand soon.Manufacturers and suppliers involved in
Probiotic beverage market
It exists in various countries in the above regions.
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This report offers an in-depth understanding of the market segments formed by combining various prospects such as type, distribution channel, and region. Apart from this, key drivers, restraints, potential growth opportunities, and market challenges are also discussed in the following paragraphs.
important players in the world
Probiotic beverage market
Yakult Honsha, GCMMF (Amaru), Danone SA, Next Foods, PepsiCo, BioK Plus International, Harmless Harvest, Lifeway Foods, Fonterra Cooperative, Chobani, LLC, Nestle SA among others. To gain significant market share and consolidate its position in the global probiotic beverage market, manufacturers are currently pursuing expansion methods such as developments, mergers and acquisitions, product innovations, collaborations, partnerships, and joint ventures. increase.
Probiotic drinks contain live bacteria that are good for your gut and kick-start healthy digestion. Regular consumption of probiotic drinks can improve bowel movements and nutrient absorption. can. Probiotic fluids also help maintain or balance microbes in the colon that are important in preventing gastrointestinal disease (GI). These probiotic drinks have proven beneficial for people suffering from gastrointestinal syndrome and diarrhea.As consumers become more concerned about their well-being and health, the demand for functional drinks is growing rapidly. . Therefore, major players are introducing practical nutrients and dietary supplements to complement these beverages. Beverage manufacturers are promoting these beverages. As consumers become more health conscious, they are looking for beverages that not only quench their thirst but also fuel the growth of the functional food and beverage market. Functional drinks like probiotic drinks also help maintain balance in the body, including the gut, by providing additional nutritional benefits. Some of the factors such as the increasing number of people with diabetes are hindering the growth of the market.
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Scope of the Probiotic Beverages Market Report:
|
Reporting metrics |
information |
|
study period |
2022-2030 |
|
base year |
2022 |
|
Forecast period |
2023-2030 |
|
Market share unit |
billion US dollars |
|
Target segment |
type, distribution channel, and region. |
|
Target area |
North America, Europe, Asia Pacific, South America, Middle East, Africa |
|
main player |
Yakult Honsha, GCMMF (Amaru), Danone SA, Next Foods, PepsiCo, BioK Plus International, Harmless Harvest, Lifeway Foods, Fonterra Cooperative, Chobani, LLC, Nestle SA, among others. |
Segmentation analysis
Dairy based is expected to be the fastest growing segment in 2022.
The type segment is dairy-based, fruit-based and others. The dairy based segment is expected to witness the highest growth rate during the forecast period. Dairy and probiotic beverages are particularly compatible, so probiotic beverages are often associated with fermented milk and yogurt beverages. is rising in the market, boosting the growth of the market.
Online is expected to be the fastest growing segment in 2022.
The distribution channel segment is offline and online. The online segment is expected to witness the highest growth rate during the forecast period.One of the most widely studied diseases in the world is cancer. Its growth is due to the emergence of online merchants offering affordable prices, easy shipping and convenient payment methods. In addition, younger generations have grown accustomed to and dependent on the Internet and e-commerce. All these factors contribute to the largest share of the online segment in the probiotic beverage market as compared to the offline segment.
Regional analysis
Regional analysis provides an in-depth perception of major regions and countries. Some of the key countries analyzed for probiotic beverages market include United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, Saudi Arabia It is included.
The Asia-Pacific region accounts for a large share. Rising demand from consumers is driving the market growth in the region. The presence of major key players and growing awareness about the benefits of probiotic beverages are contributing to the growth of the market. Moreover, rapid growth of the health and wellness industry will create new opportunities for market growth.
country analysis
The German probiotic beverage market is valued at USD 140 million in 2022 and is expected to reach USD 170 million by 2030, at a CAGR of 2.8% from 2023 to 2030. I’m here.
Growing consumer awareness, rising cases of indigestion, and expanding middle class are driving the growth of the market in this country.
The market size of probiotic beverages in China is valued at USD 270 million in 2022 and is expected to reach USD 380 million by 2030, at a CAGR of 4.4% from 2023 to 2030. increase.
The International Probiotics Association (IPA) reports that the Chinese probiotics market is one of the most important in the world. Producers and suppliers have seen significant growth in sales in China.
The probiotic beverage market in India is valued at USD 220 million in 2022 and is expected to reach USD 290 million by 2030, at a CAGR of 3.6% from 2023 to 2030. I’m here.
In order to offer a wide variety of drinkable probiotic yogurts with a wide variety of flavors, leading companies invest heavily in research and development (R&D). In the country, these yogurt-based probiotic drinks are considered healthy snacks as they contain a balanced source of protein, minerals and vitamins and are considered nutritious snacks. .
Impact of Covid-19
Covid-19 has had a major impact on almost every industry, including electronics, semiconductors, manufacturing, and automotive. However, several companies operating in the technology sector saw significant changes in consumer preferences for technology services, resulting in increased revenues. Additionally, the pandemic has resulted in significant growth in technology across developing and developed countries.
Moreover, the growth of this market is mainly due to the growing demand for probiotic beverages among consumers. This is because consumers are more aware of the health benefits associated with the product, driving the growth of the market across the country.
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