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Probiotic Drinks Market By Type, By Flavor, By Sales Channel: Global Opportunity Analysis and Industry Forecast, 2020-2031

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    Report

  • 270 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640272
The probiotic drinks market size was valued at $ 11,047.4 million in 2020, and is estimated to reach $ 23,405.7 million by 2031, registering a CAGR of 6.6% from 2022 to 2031.

Probiotics are bacteria that provide health benefits when consumed. Ingested bacteria that are related to human and animal health benefits are referred to as probiotics. Probiotic drinks are typically dairy-based beverages with a milky texture. They are consumed to aid digestion. Addition of probiotics to whey improves its characteristics and benefits significantly. Inclusion of flavors improves sensory properties of drinks while also increasing its shelf life. These factors drive demand for probiotic drinks in the market.

The probiotic drinks market has witnessed significant growth, owing to increase in number of health-conscious consumers increasingly focusing on intestine health and overall immunity. Furthermore, key players in the market are trying to consolidate their position by introducing high-quality products and establishing partnerships with well-known local nutraceutical brands, which is expected to drive the market growth during the forecast period.

Probiotics are necessary for gut health. Probiotic beverages are a delicious way to keep stomach in good shape. Dairy-based probiotics are available in a variety of forms. Non-dairy supplements are required for lactose intolerance, vegetarianism, and excessive cholesterol. Probiotics have recently 0created from a number of fruits and vegetables. Fruits and vegetables are high in vital nutrients, making them an ideal matrix for making probiotic drinks with maximum health advantages.

Consumers have now become more aware of the product and comprehending its value for gut health. Furthermore, rise in health awareness among customers, particularly among young consumers, have led to global demand for the product. Furthermore, availability of ready-to-drink items for use on-the-go has led to the market expansion.

Probiotic drinks aid in maintenance of a healthy stomach bacterial balance, which has a range of health benefits, including improved digestion, immunological function, and weight loss. These drinks promote bowel movement and nutrient absorption when consumed on a regular basis. Furthermore, these beverages boost mental health as various studies have shown that gut health is linked to mood and mental health. As a result, the substance aids in reduction of depression, anxiety, OCD, and autism. The products may also help to strengthen the immune system by encouraging creation of natural antibodies in the human body.

During the recent outbreak of COVID-19, owing to mandatory closures and restrictions by relevant regulatory agencies, operations in many industries were suspended or operated with a minimum of employees. However, probiotics have multiple intestinal health benefits and promote immunity. As a result, the demand for probiotic drinks has increased during the spread of COVID 19 to maintain healthy immune system. It has a significant positive impact on the industry's revenue growth. In addition, health benefits associated with overall health is also expected to fuel the global revenue growth of the market.

The probiotic drinks market is segmented on the basis of type, flavor, sales channel, and region. On the basis of type, the market is categorized into dairy-based probiotic drinks and plant-based probiotic drinks. By flavor, it is segregated into regular, berry, tropical, and others. Depending on sales channel, it is fragmented into hypermarkets/supermarkets, convenience stores, online retail, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, the Netherlands, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, the UAE, and rest of LAMEA).

The dairy-based probiotic drinks segment held a major share of the global probiotic drinks market in 2020, and this trend is projected to continue during the forecast period. Probiotic drinks are generally made from fermented milk and other dairy products such as yogurt, which makes it significant segment of the global probiotic drinks market.

The top leader that holds significant share in the global probiotic drinks market such as Yakult Honsha Co., Ltd. and Denone SA sales and distributes dairy based probiotic drinks in huge quantity makes it prominent segment in the market. For instance, Yakult Honsha Co., Ltd. sells around 40 million bottles of probiotic drinks per day across the globe.

On the basis of flavor, the regular flavored probiotic drink segment was valued at $ 6,988.8 million in 2020, and is expected to reach $ 14,510.4 million by 2031 at a CAGR of 6.4%. Health-conscious people are significant users of probiotic drinks. These consumers are more focused on quality of products rather than flavor or taste of products. Moreover, probiotic drinks are made by fermented milk or yogurt by further adding live Lactobacillus casei Shirota bacteria in the product. In addition, probiotic drinks are considered as ready-to drink or on the go drinks that are widely available in the form of shots. Owing to these factors regular probiotic products holds highest share in the flavor segment of the global probiotic drinks market.

On the basis of sales channel, the online retail segment was valued at $ 2,618.8 million in 2021, and is expected to reach $ 6,002.8 million by 2031 at a CAGR of 7.4%.

Increase in use of e-commerce portals in developing regions as well as an increase in number of deals or discounts offered by these sites encourage end users, such as home consumers and health institutions, to buy probiotic drinks through these platforms. Furthermore, e-commerce platforms have expanded customer reach, resulting in it becoming a major source of revenue for many businesses. Furthermore, owing to rapid increase of internet-enabled mobile user bases in emerging nations, the e-commerce segment is expected to expand in the future.

Asia-Pacific has been dominating the global probiotic drinks market, and is expected to sustain its dominance during the forecast period. This is mainly attributed to the fact that probiotic drink was first invented in Japan in 1930, and it has gained huge popularity among Asian consumers. Both online and offline demand for probiotic drinks is growing, which has also promoted growth of the regional market. The most promising growth rate in this course is expected to come from Asia-Pacific. The strong growth of the regional market is attributed to rapid development of the health and wellness industry in the region.

Key players operating in the global probiotic drinks market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include GCMMF (AMUL), Fonterra Co-operative Group Ltd, Yakult Honsha Co., Ltd., Denone SA, Bio-K+, Lifeway Foods, Inc., Chobani, LLC, NextFoods, Inc., PepsiCo Inc, and Harmless Harvest.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the probiotic drinks market analysis from 2020 to 2031 to identify the prevailing probiotic drinks market opportunities.
  • The market research is offered along with information related to key probiotic drinks market trends, drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the probiotic drinks market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global probiotic drinks market demand trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Type

  • Dairy-Based
  • Plant-Based

By Flavor

  • Regular
  • Berry
  • Tropical
  • Others

By Sales Channel

  • Hypermarkets And Supermarkets
  • Convenience Stores
  • Online Retail
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Australia
  • South Korea
  • India
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Saudi Arabia
  • South Africa
  • United Arab Emirates
  • Rest of LAMEA

Key Market Players

  • Chobani, LLC
  • Denone SA
  • GCMMF (AMUL)
  • Harmless Harvest
  • NextFoods, Inc.
  • PepsiCo Inc
  • Yakult Honsha Co., Ltd.
  • Lifeway Foods, Inc.
  • Fonterra Co-operative Group Ltd
Frequently Asked Questions about the Probiotic Drinks Market

What is the estimated value of the Probiotic Drinks Market?

The Probiotic Drinks Market was estimated to be valued at $11047.4 million in 2020.

What is the growth rate of the Probiotic Drinks Market?

The growth rate of the Probiotic Drinks Market is 7.1%, with an estimated value of $23405.7 million by 2031.

What is the forecasted size of the Probiotic Drinks Market?

The Probiotic Drinks Market is estimated to be worth $23405.7 million by 2031.

Who are the key companies in the Probiotic Drinks Market?

Key companies in the Probiotic Drinks Market include Chobani, LLC, Denone SA, GCMMF (AMUL), Harmless Harvest, NextFoods, Inc., PepsiCo Inc, Yakult Honsha Co., Ltd., Lifeway Foods, Inc. and operative Group Ltd.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
CHAPTER 4: PROBIOTIC DRINKS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Dairy-Based
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Plant-Based
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: PROBIOTIC DRINKS MARKET, BY FLAVOR
5.1 Overview
5.1.1 Market size and forecast
5.2 Regular
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Berry
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Tropical
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: PROBIOTIC DRINKS MARKET, BY SALES CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Hypermarkets And Supermarkets
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Convenience Stores
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Online Retail
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: PROBIOTIC DRINKS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Flavor
7.2.4 North America Market size and forecast, by Sales Channel
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Type
7.2.5.1.2 Market size and forecast, by Flavor
7.2.5.1.3 Market size and forecast, by Sales Channel
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Type
7.2.5.2.2 Market size and forecast, by Flavor
7.2.5.2.3 Market size and forecast, by Sales Channel
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Type
7.2.5.3.2 Market size and forecast, by Flavor
7.2.5.3.3 Market size and forecast, by Sales Channel
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Flavor
7.3.4 Europe Market size and forecast, by Sales Channel
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Type
7.3.5.1.2 Market size and forecast, by Flavor
7.3.5.1.3 Market size and forecast, by Sales Channel
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Type
7.3.5.2.2 Market size and forecast, by Flavor
7.3.5.2.3 Market size and forecast, by Sales Channel
7.3.5.3 U.K.
7.3.5.3.1 Market size and forecast, by Type
7.3.5.3.2 Market size and forecast, by Flavor
7.3.5.3.3 Market size and forecast, by Sales Channel
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Type
7.3.5.4.2 Market size and forecast, by Flavor
7.3.5.4.3 Market size and forecast, by Sales Channel
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Type
7.3.5.5.2 Market size and forecast, by Flavor
7.3.5.5.3 Market size and forecast, by Sales Channel
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by Type
7.3.5.6.2 Market size and forecast, by Flavor
7.3.5.6.3 Market size and forecast, by Sales Channel
7.3.5.7 Netherlands
7.3.5.7.1 Market size and forecast, by Type
7.3.5.7.2 Market size and forecast, by Flavor
7.3.5.7.3 Market size and forecast, by Sales Channel
7.3.5.8 Rest of Europe
7.3.5.8.1 Market size and forecast, by Type
7.3.5.8.2 Market size and forecast, by Flavor
7.3.5.8.3 Market size and forecast, by Sales Channel
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Flavor
7.4.4 Asia-Pacific Market size and forecast, by Sales Channel
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Type
7.4.5.1.2 Market size and forecast, by Flavor
7.4.5.1.3 Market size and forecast, by Sales Channel
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Type
7.4.5.2.2 Market size and forecast, by Flavor
7.4.5.2.3 Market size and forecast, by Sales Channel
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Type
7.4.5.3.2 Market size and forecast, by Flavor
7.4.5.3.3 Market size and forecast, by Sales Channel
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Type
7.4.5.4.2 Market size and forecast, by Flavor
7.4.5.4.3 Market size and forecast, by Sales Channel
7.4.5.5 India
7.4.5.5.1 Market size and forecast, by Type
7.4.5.5.2 Market size and forecast, by Flavor
7.4.5.5.3 Market size and forecast, by Sales Channel
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Type
7.4.5.6.2 Market size and forecast, by Flavor
7.4.5.6.3 Market size and forecast, by Sales Channel
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Flavor
7.5.4 LAMEA Market size and forecast, by Sales Channel
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Type
7.5.5.1.2 Market size and forecast, by Flavor
7.5.5.1.3 Market size and forecast, by Sales Channel
7.5.5.2 Argentina
7.5.5.2.1 Market size and forecast, by Type
7.5.5.2.2 Market size and forecast, by Flavor
7.5.5.2.3 Market size and forecast, by Sales Channel
7.5.5.3 Saudi Arabia
7.5.5.3.1 Market size and forecast, by Type
7.5.5.3.2 Market size and forecast, by Flavor
7.5.5.3.3 Market size and forecast, by Sales Channel
7.5.5.4 South Africa
7.5.5.4.1 Market size and forecast, by Type
7.5.5.4.2 Market size and forecast, by Flavor
7.5.5.4.3 Market size and forecast, by Sales Channel
7.5.5.5 United Arab Emirates
7.5.5.5.1 Market size and forecast, by Type
7.5.5.5.2 Market size and forecast, by Flavor
7.5.5.5.3 Market size and forecast, by Sales Channel
7.5.5.6 Rest of LAMEA
7.5.5.6.1 Market size and forecast, by Type
7.5.5.6.2 Market size and forecast, by Flavor
7.5.5.6.3 Market size and forecast, by Sales Channel
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Chobani, LLC
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Denone SA
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 GCMMF (AMUL)
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Harmless Harvest
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 NextFoods, Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 PepsiCo Inc
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Yakult Honsha Co., Ltd.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Lifeway Foods, Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Fonterra Co-operative Group Ltd
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 bio-k+ international inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 2. Probiotic Drinks Market Size, for Dairy-Based, by Region, 2020-2031 ($Million)
Table 3. Probiotic Drinks Market for Dairy-Based, by Country, 2020-2031 ($Million)
Table 4. Probiotic Drinks Market Size, for Plant-Based, by Region, 2020-2031 ($Million)
Table 5. Probiotic Drinks Market for Plant-Based, by Country, 2020-2031 ($Million)
Table 6. Global Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 7. Probiotic Drinks Market Size, for Regular, by Region, 2020-2031 ($Million)
Table 8. Probiotic Drinks Market for Regular, by Country, 2020-2031 ($Million)
Table 9. Probiotic Drinks Market Size, for Berry, by Region, 2020-2031 ($Million)
Table 10. Probiotic Drinks Market for Berry, by Country, 2020-2031 ($Million)
Table 11. Probiotic Drinks Market Size, for Tropical, by Region, 2020-2031 ($Million)
Table 12. Probiotic Drinks Market for Tropical, by Country, 2020-2031 ($Million)
Table 13. Probiotic Drinks Market Size, for Others, by Region, 2020-2031 ($Million)
Table 14. Probiotic Drinks Market for Others, by Country, 2020-2031 ($Million)
Table 15. Global Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 16. Probiotic Drinks Market Size, for Hypermarkets and Supermarkets, by Region, 2020-2031 ($Million)
Table 17. Probiotic Drinks Market for Hypermarkets and Supermarkets, by Country, 2020-2031 ($Million)
Table 18. Probiotic Drinks Market Size, for Convenience Stores, by Region, 2020-2031 ($Million)
Table 19. Probiotic Drinks Market for Convenience Stores, by Country, 2020-2031 ($Million)
Table 20. Probiotic Drinks Market Size, for Online Retail, by Region, 2020-2031 ($Million)
Table 21. Probiotic Drinks Market for Online Retail, by Country, 2020-2031 ($Million)
Table 22. Probiotic Drinks Market Size, for Others, by Region, 2020-2031 ($Million)
Table 23. Probiotic Drinks Market for Others, by Country, 2020-2031 ($Million)
Table 24. Probiotic Drinks Market, by Region, 2020-2031 ($Million)
Table 25. North America Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 26. North America Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 27. North America Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 28. North America Probiotic Drinks Market, by Country, 2020-2031 ($Million)
Table 29. U.S. Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 30. U.S. Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 31. U.S. Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 32. Canada Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 33. Canada Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 34. Canada Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 35. Mexico Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 36. Mexico Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 37. Mexico Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 38. Europe Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 39. Europe Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 40. Europe Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 41. Europe Probiotic Drinks Market, by Country, 2020-2031 ($Million)
Table 42. Germany Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 43. Germany Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 44. Germany Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 45. France Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 46. France Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 47. France Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 48. U.K. Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 49. U.K. Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 50. U.K. Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 51. Italy Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 52. Italy Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 53. Italy Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 54. Spain Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 55. Spain Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 56. Spain Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 57. Russia Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 58. Russia Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 59. Russia Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 60. Netherlands Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 61. Netherlands Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 62. Netherlands Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 63. Rest of Europe Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 64. Rest of Europe Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 65. Rest of Europe Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 66. Asia-Pacific Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 67. Asia-Pacific Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 68. Asia-Pacific Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 69. Asia-Pacific Probiotic Drinks Market, by Country, 2020-2031 ($Million)
Table 70. China Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 71. China Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 72. China Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 73. Japan Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 74. Japan Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 75. Japan Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 76. Australia Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 77. Australia Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 78. Australia Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 79. South Korea Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 80. South Korea Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 81. South Korea Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 82. India Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 83. India Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 84. India Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 85. Rest of Asia-Pacific Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 86. Rest of Asia-Pacific Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 87. Rest of Asia-Pacific Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 88. LAMEA Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 89. LAMEA Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 90. LAMEA Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 91. LAMEA Probiotic Drinks Market, by Country, 2020-2031 ($Million)
Table 92. Brazil Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 93. Brazil Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 94. Brazil Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 95. Argentina Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 96. Argentina Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 97. Argentina Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 98. Saudi Arabia Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 99. Saudi Arabia Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 100. Saudi Arabia Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 101. South Africa Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 102. South Africa Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 103. South Africa Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 104. United Arab Emirates Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 105. United Arab Emirates Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 106. United Arab Emirates Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 107. Rest of LAMEA Probiotic Drinks Market, by Type, 2020-2031 ($Million)
Table 108. Rest of LAMEA Probiotic Drinks Market, by Flavor, 2020-2031 ($Million)
Table 109. Rest of LAMEA Probiotic Drinks Market, by Sales Channel, 2020-2031 ($Million)
Table 110. Chobani, LLC: Company Snapshot
Table 111. Chobani, LLC: Operating Segments
Table 112. Chobani, LLC: Product Portfolio
Table 113. Chobani, LLC: Net Sales
Table 114. Chobani, LLC: Key Stratergies
Table 115. Denone Sa: Company Snapshot
Table 116. Denone Sa: Operating Segments
Table 117. Denone Sa: Product Portfolio
Table 118. Denone Sa: Net Sales
Table 119. Denone Sa: Key Stratergies
Table 120. Gcmmf (Amul): Company Snapshot
Table 121. Gcmmf (Amul): Operating Segments
Table 122. Gcmmf (Amul): Product Portfolio
Table 123. Gcmmf (Amul): Net Sales
Table 124. Gcmmf (Amul): Key Stratergies
Table 125. Harmless Harvest: Company Snapshot
Table 126. Harmless Harvest: Operating Segments
Table 127. Harmless Harvest: Product Portfolio
Table 128. Harmless Harvest: Net Sales
Table 129. Harmless Harvest: Key Stratergies
Table 130. Nextfoods, Inc.: Company Snapshot
Table 131. Nextfoods, Inc.: Operating Segments
Table 132. Nextfoods, Inc.: Product Portfolio
Table 133. Nextfoods, Inc.: Net Sales
Table 134. Nextfoods, Inc.: Key Stratergies
Table 135. Pepsico Inc: Company Snapshot
Table 136. Pepsico Inc: Operating Segments
Table 137. Pepsico Inc: Product Portfolio
Table 138. Pepsico Inc: Net Sales
Table 139. Pepsico Inc: Key Stratergies
Table 140. Yakult Honsha Co., Ltd.: Company Snapshot
Table 141. Yakult Honsha Co., Ltd.: Operating Segments
Table 142. Yakult Honsha Co., Ltd.: Product Portfolio
Table 143. Yakult Honsha Co., Ltd.: Net Sales
Table 144. Yakult Honsha Co., Ltd.: Key Stratergies
Table 145. Lifeway Foods, Inc.: Company Snapshot
Table 146. Lifeway Foods, Inc.: Operating Segments
Table 147. Lifeway Foods, Inc.: Product Portfolio
Table 148. Lifeway Foods, Inc.: Net Sales
Table 149. Lifeway Foods, Inc.: Key Stratergies
Table 150. Fonterra Co-Operative Group Ltd: Company Snapshot
Table 151. Fonterra Co-Operative Group Ltd: Operating Segments
Table 152. Fonterra Co-Operative Group Ltd: Product Portfolio
Table 153. Fonterra Co-Operative Group Ltd: Net Sales
Table 154. Fonterra Co-Operative Group Ltd: Key Stratergies
Table 155. Bio-K+ International Inc.: Company Snapshot
Table 156. Bio-K+ International Inc.: Operating Segments
Table 157. Bio-K+ International Inc.: Product Portfolio
Table 158. Bio-K+ International Inc.: Net Sales
Table 159. Bio-K+ International Inc.: Key Stratergies
LIST OF FIGURES
Figure 1. Probiotic Drinks Market Segmentation
Figure 2. Probiotic Drinks Market, 2020-2031
Figure 3. Probiotic Drinks Market, 2020-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Probiotic Drinks Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Probiotic Drinks Market, by Type, 2020 (%)
Figure 14. Comparative Share Analysis of Dairy-based Probiotic Drinks Market, 2020-2031 (%)
Figure 15. Comparative Share Analysis of Plant-based Probiotic Drinks Market, 2020-2031 (%)
Figure 16. Probiotic Drinks Market, by Flavor, 2020 (%)
Figure 17. Comparative Share Analysis of Regular Probiotic Drinks Market, 2020-2031 (%)
Figure 18. Comparative Share Analysis of Berry Probiotic Drinks Market, 2020-2031 (%)
Figure 19. Comparative Share Analysis of Tropical Probiotic Drinks Market, 2020-2031 (%)
Figure 20. Comparative Share Analysis of Others Probiotic Drinks Market, 2020-2031 (%)
Figure 21. Probiotic Drinks Market, by Sales Channel, 2020 (%)
Figure 22. Comparative Share Analysis of Hypermarkets and Supermarkets Probiotic Drinks Market, 2020-2031 (%)
Figure 23. Comparative Share Analysis of Convenience Stores Probiotic Drinks Market, 2020-2031 (%)
Figure 24. Comparative Share Analysis of Online Retail Probiotic Drinks Market, 2020-2031 (%)
Figure 25. Comparative Share Analysis of Others Probiotic Drinks Market, 2020-2031 (%)
Figure 26. Probiotic Drinks Market by Region, 2020
Figure 27. U.S. Probiotic Drinks Market, 2020-2031 ($Million)
Figure 28. Canada Probiotic Drinks Market, 2020-2031 ($Million)
Figure 29. Mexico Probiotic Drinks Market, 2020-2031 ($Million)
Figure 30. Germany Probiotic Drinks Market, 2020-2031 ($Million)
Figure 31. France Probiotic Drinks Market, 2020-2031 ($Million)
Figure 32. U.K. Probiotic Drinks Market, 2020-2031 ($Million)
Figure 33. Italy Probiotic Drinks Market, 2020-2031 ($Million)
Figure 34. Spain Probiotic Drinks Market, 2020-2031 ($Million)
Figure 35. Russia Probiotic Drinks Market, 2020-2031 ($Million)
Figure 36. Netherlands Probiotic Drinks Market, 2020-2031 ($Million)
Figure 37. Rest of Europe Probiotic Drinks Market, 2020-2031 ($Million)
Figure 38. China Probiotic Drinks Market, 2020-2031 ($Million)
Figure 39. Japan Probiotic Drinks Market, 2020-2031 ($Million)
Figure 40. Australia Probiotic Drinks Market, 2020-2031 ($Million)
Figure 41. South Korea Probiotic Drinks Market, 2020-2031 ($Million)
Figure 42. India Probiotic Drinks Market, 2020-2031 ($Million)
Figure 43. Rest of Asia-Pacific Probiotic Drinks Market, 2020-2031 ($Million)
Figure 44. Brazil Probiotic Drinks Market, 2020-2031 ($Million)
Figure 45. Argentina Probiotic Drinks Market, 2020-2031 ($Million)
Figure 46. Saudi Arabia Probiotic Drinks Market, 2020-2031 ($Million)
Figure 47. South Africa Probiotic Drinks Market, 2020-2031 ($Million)
Figure 48. United Arab Emirates Probiotic Drinks Market, 2020-2031 ($Million)
Figure 49. Rest of LAMEA Probiotic Drinks Market, 2020-2031 ($Million)
Figure 50. Top Winning Strategies, by Year
Figure 51. Top Winning Strategies, by Development
Figure 52. Top Winning Strategies, by Company
Figure 53. Product Mapping of Top 10 Players
Figure 54. Competitive Dashboard
Figure 55. Competitive Heatmap of Top 10 Key Players
Figure 56. Chobani, LLC.: Net Sales, ($Million)
Figure 57. Denone SA.: Net Sales, ($Million)
Figure 58. Gcmmf (Amul).: Net Sales, ($Million)
Figure 59. Harmless Harvest.: Net Sales, ($Million)
Figure 60. Nextfoods, Inc. Net Sales, ($Million)
Figure 61. Pepsico Inc.: Net Sales, ($Million)
Figure 62. Yakult Honsha Co. Ltd. Net Sales, ($Million)
Figure 63. Lifeway Foods, Inc. Net Sales, ($Million)
Figure 64. Fonterra Co-Operative Group Ltd.: Net Sales, ($Million)
Figure 65. Bio-K+ International Inc. Net Sales, ($Million)

Executive Summary

According to this report titled, 'Probiotic Drinks Market,' the probiotic drinks market was valued at $11,047.40 million in 2020, and is estimated to reach $23.4 Billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.

Beverages play an essential role in dietary consumption, and their significance in health has recently received a lot of attention. Beverages are designed to fulfill needs of consumers, in terms of size, shape, storage, and the ability to include desired nutrients and bioactive ingredients. Functionalized beverages, in particular, have recently gained a lot of attention, owing to their possible health benefits, such as lowering cholesterol, lowering sugar, having a high fiber content, boosting the immune system, and aiding digestion. Their low cost and multiple medical benefits have sparked a lot of curiosity regarding probiotic dairy and non-dairy drinks among various beverages available on the market. Consumers are increasingly turning to non-dairy beverages such as grain, fruit, and vegetable juices to supplement their diets with probiotics due to lactose intolerance and allergies to milk proteins, while manufacturers are increasingly turning to food matrices-based beverages comprising probiotic cultures.

A functional beverage containing certain bacteria that are advantageous to human health is referred to as a probiotic drink. They are made by combining water, sugar, herbal, or fruit extracts with a probiotic bacteria and yeast culture and then bio-fermenting it. Probiotics multiply by absorbing sugar and then stop when they reach their peak of multiplication. These microbes help to improve overall gut health by preserving the natural balance of organisms in the intestines and by boosting immunity. Apart from that, regular use of probiotic drinks aids in optimal nutrition absorption as well as prevention and treatment of GI disorders such as diarrhea, constipation, and irritable bowel syndrome (IBS).

Probiotic drinks market trends are mainly influenced by ongoing trends in the food and beverage and nutraceutical industry. Health advantages of probiotic drinks have been essential in boosting market expansion during the COVID-19 pandemic. A paradigm changes toward preventative health management methods propels the probiotic drinks market, which is fueled by rising healthcare expenses and rise in burden of diseases such as COVID-19. Probiotic drinks are a type of functional beverages that can help to improve gut health by balancing the intestine, thereby raising immunity.

Eating and drinking habits of people have changed as a result of the ongoing COVID-19 outbreak. People have become more aware of the food they consume on a daily basis. Furthermore, there is a growing desire for pure and natural ingredients in probiotic beverages, prompting market leaders to expand their product portfolios to include a wide selection of real fruit-based probiotic drinks.

Rise in prevalence of various diseases due to indigestion and awareness of their associated risks help raise awareness regarding healthy bacterial and gut health. Furthermore, increase in prevalence of indigestion and gut diseases among young people is expected to drive demand for probiotic drinks. According to the research studies and Food Navigators, New information about intimate link between immunity and digestive health has emerged in recent years. Small and large intestines are currently thought to house 70% of the internal defense system. That has created huge opportunities for key players in the global probiotic drinks industry.

Probiotic drinks market segmentation consists of type, flavor, channel, and region. On the basis of type, the market is categorized into dairy-based probiotic drinks and plant-based probiotic drinks. By flavor, it is segregated into regular, berry, tropical, and others. Depending on sales channel, it is fragmented into hypermarkets/supermarkets, convenience stores, online retail, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, the Netherlands, and rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, the UAE, and rest of LAMEA).

On the basis of type, the plant-based probiotic drinks segment was valued at $3,715.7 million in 2020, and is expected to reach 8,115.3 million by 2031 at a CAGR of 6.9% from 2022 to 2030 based on probiotic drinks market forecast. This is majorly attributed to rise in demand for plant-based food products. Growth in consumption of plant-based probiotic drinks among vegan and lactose intolerant population is expected to favor growth of the plant-based probiotic drinks segment during the forecast period.

By flavor, the berry flavored probiotic drinks market is expected to grow at a CAGR of 7.6% during the forecast period. Demand for new flavors and taste is increasing from consumers and people are seeking more than traditional taste and flavor in foods & beverages products. Probiotic drinks market demand is also driven by the fact that flavored probiotic drinks are made from plant-based ingredients, specifically fermented fruits and berries. As manufacturers continue to innovate with new flavors and tastes, huge probiotic drinks market opportunities are expected over the forecast period.

The hypermarkets/supermarkets segment was valued at $4,093.4 million in 2020, and is predicted to grow at a CAGR of 6.7% to reach 8,768.0 million by 2031. Hypermarkets/supermarkets are the traditional sales channels for consumer goods and packaged food and beverage products. Probiotic beverages are widely available in shot bottles and come in cartons of five, twelve, or fifteen bottles. Thus, probiotics are purchased at supermarket/hypermarket chains such as Walmart, Costco, Kroger, and Schwarz Gruppe, which provide discounts and offers on purchase of such goods, making it one of the most important sales channels in the global probiotic beverages market.

Region wise, Europe has accounted for a considerable share in the global probiotic drinks market, and is expected to sustain its share during the forecast period. Excessive inclination toward digestive health, and popularity of dairy products among European consumers drive growth of the market. Moreover, rise in number of health-conscious consumers across Europe is a key factor anticipated to propel the probiotic drinks market growth.

In this local marketplace, the Europe market is anticipated to grow at a significant rate, accompanied through the marketplace in the UK, France, Spain, and Russia, owing to willingness of people in Europe to spend on premium and healthy food and beverage products.

Players operating in the probiotic drinks market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include GCMMF (AMUL), Fonterra Co-operative Group Ltd, Yakult Honsha Co., Ltd., Denone SA, Bio-K+, Lifeway Foods, Inc., Chobani, LLC, NextFoods, Inc., PepsiCo Inc, and Harmless Harvest.

Key findings of the Study

  • The probiotic drinks market size was valued at $11,047.4 million in 2020, and is estimated to reach $23,405.7 million by 2031, registering a CAGR of 6.6% from 2022 to 2031.
  • By type, the plant-based probiotic drinks segment is estimated to witness the fastest growth, registering a CAGR of 6.9% during the forecast period of global probiotic drinks industry.
  • In 2020, depending on sales channel, the online retail segment was valued at $2,618.8 million, accounting for 23.7% of the global probiotic drinks market share.
  • Based on probiotic drinks market analysis, In 2020, the U.S. was the most prominent market in North America, and is projected to reach 4,495.3 million by 2031, growing at a CAGR of 6.0% during the forecast period.

Companies Mentioned

  • Chobani, LLC
  • Denone SA
  • GCMMF (AMUL)
  • Harmless Harvest
  • NextFoods, Inc.
  • PepsiCo Inc
  • Yakult Honsha Co., Ltd.
  • Lifeway Foods, Inc.
  • Fonterra Co-operative Group Ltd

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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