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Global Probiotic Drinks Market

June 28, 2019

Global Probiotic Drinks Market, By Product Type (Fruit-based Probiotic Drinks, Dairy -based Probiotic Drinks, and Other Probiotic Drinks), By Bacteria (Lactobacillus (Lactobacillus Acidophilus, Lactobacillus Rhamnosus, Lactobacillus Casei, and Lactobacillus Reuteri), Streptococcus, Bifidobacterium, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Health Stores, Online, and Other Distribution Channels), By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR605      
Pages :215 Pages
Format :   PPT Format   PDF Format

The global probiotic drinks market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and it is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). As per research, probiotic drinks and other functional beverages are the most demanding bottled beverages that occupy larger space in every grocery refrigerator. Probiotics have become significant in preserving a healthful gut and boosting the immune system. In contrast, the FDA has not declared any health claim for any probiotics, and these good bacteria have not been scrutinized crucial for our health. But the increasing preference for cold beverages among the public contributes to the increasing demand of the probiotic drinks.     

Table 1. Global Probiotic Drinks Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product Type)

Fruit-based Probiotic Drinks, Dairy -based Probiotic Drinks, and Other Probiotic Drinks

Market Segmentation (By Bacteria)

Lactobacillus (Lactobacillus Acidophilus, Lactobacillus Rhamnosus, Lactobacillus Casei, and Lactobacillus Reuteri), Streptococcus, Bifidobacterium, and Others

Market Segmentation (By Distribution Channel)

Supermarkets/Hypermarkets, Convenience Stores, Pharmacies/Health Stores, Online, and Other Distribution Channels

Regions Covered

North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa

Key Players Coverage

Bio-K Plus International, Kevita Inc.,  Cargill Inc., Lifeway, Groupe Danone SA, Goodbelly, Bright Dairy,Fonterra Co-Op Group Ltd, Grupo Lala, Nestle, and Roual DSM NV, amongst others.

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The market is competitive and driven by an increase in the vogue of functional food and beverages and the increasing consumer demand for all naturally obtained ingredients. As a vital market development, the dominant Indian player, Yakult, has examined exporting its probiotic drinks to nearby countries, such as Nepal and Sri Lanka. The functional beverage market is the swiftlyrising market in the food and beverage sector. The performance of probiotic stains aids in effectual digestion and restricts bacterial contamination, yeast infection, and urinary tract diseases. Consumers have become more attentive in munching probiotics to hoist their gut health and immune system, which in turn is expected to drive the probiotic drinks market. For instance, in February 2018, Yakult Dadone introduced a new version of signature probiotic beverage in India called Yakult Light.

However, fruit-based drinks are predicted to lead the market over the prediction period, due to the fruit’s lofty nutrient nature. Moreover, the lactose-intolerant population and the huge-fat content in dairy drinkables are expected to hamper the growth of the probiotic drinks market globally.

Figure 1. PORTER’S Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America holds the major share of the probiotic drinks market, followed by Europe and Asia-Pacific. The growth of North America is attributed to the initiatives taken by the company to support the growth of the market by providing funding and product development, respectively.

Further, European countries are also expected to contribute significantly to the growth of the market due to an increase in consumer’s preference  for functional beverages and rising efforts by the companies in products developments and new products launches. For instance, in November 2017, the U.K.-based company, AliveBiome, released two new probiotic drinks in the sports and nutrition section. The drinks include the essence of citrus and raspberry flavors with massive volumes of probiotic bacteria to enhance gut health.

Figure 2. Regional Analysis

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in the global probiotic drinks market include Amul, Yakult, Pepsico Inc. – Bio-K Plus International, Kevita Inc.,  Cargill Inc., Lifeway, Groupe Danone SA, Goodbelly, Bright Dairy,Fonterra Co-Op Group Ltd, Grupo Lala, Nestle, and Roual DSM NV, amongst others.

The players have adopted strategies like product development and acquisition to strengthen their position in the market. For instance, in January 2013, after releasing probiotic ice-cream, Amul launched its all new flavored Yogurt under the brand name ‘Flaavyo.’ It is an all-natural probiotic vitamins consolidated flavored yogurt. These developments not only enable the companies to expand their product portfolio but also to expand their footprints in different regions and countries.

Figure 3. Market Share of Key Players, 2019

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Product Type

  • Fruit-based Probiotic Drinks
  • Dairy -based Probiotic Drinks
  • Other Probiotic Drinks

By Bacteria

  • Lactobacillus
    • Lactobacillus Acidophilus
    • Lactobacillus Rhamnosus
    • Lactobacillus Casei
    • Lactobacillus Reuteri
  • Streptococcus
  • Bifidobacterium
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Pharmacies/Health Stores
  • Online
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides an in-depth analysis of the global probiotic drinks market. It provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global probiotic drinks market?
  • What key factors are expected to increase the demand for the probiotic drinks market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global probiotic drinks market?
  • What was the total market value (US$ Mn) generated in global probiotic drinks market by product type in 2019, and what are the forecasts by 2025?
  • Which bacteria is expected to dominate the probiotic drinks market in the coming years?
  • Which distribution channel is expected to foster the growth of the global probiotic drinks market?
  • What was the total revenue generated by the global probiotic drinks market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global probiotic drinks market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the probiotic drinks market?
  • What are the major outcomes derived from Porter’s five forces? What new products maybe approved or launched in the coming years, which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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