The Global Probiotic Drink Market was valued at 31.3 billion in 2031. Growing at a high CAGR of more than 11.9% between 2021 and 2031, it is estimated to reach 120.4 billion by 2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased demand for functional beverages across the world to improve digestive health is the main factor that will help to accelerate the growth of this market during the forecasted period.
Global Probiotic Drink Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Probiotic Drink Market has been segmented into type, bacteria, and distribution channels. On the basis of type Global Probiotic Drink Market has been segmented into Fruit-Based, Dairy-Based, Others. On the basis of bacteria, it has been segmented into Lactobacillus, Streptococcus, Bifidobacterium, Others. On the basis of distribution channel it has been segmented into Store-Based (Supermarkets & Hypermarkets, Convenience Stores, Others), Non-Store-Based.
By Region, Asia Pacific Is Holding The Major Market Share
The Global Probiotic Drink Market has been geographically segmented into North America, Europe, Asia- Pacific, South America, Middle East, and Africa. In addition to this, Asia Pacific Global Probiotic Drink Market is holding the largest market share at present and is estimated to witness a high compound annual growth rate during the forecasted period. China is an important market for the probiotics market in the world. Producers and suppliers have witnessed an increase in sales in the nation. Yogurt based probiotic drinks are prevalent in this region. this has led this region dominates the market. Besides this South America is also going to witness remarkable growth during the forecasted period.
Major Players in Global Probiotic Drink Market
Some of the major players in the Global Probiotic Drink Market include Yakult Honsha Co., Ltd., Danone S.A., GCMMF (Amul), PepsiCo, NextFoods, Harmless Harvest, Bio-K Plus International Inc., Fonterra Co-operative Group, Lifeway Foods, Inc., Nestle SA, Chobani, LLC, Grupo Lala, Good belly.
The Global Probiotic Drink Market Has Been Segmented Into:
Global Probiotic Drink Market, By Type
Global Probiotic Drink Market, By Bacteria
Global Probiotic Drink Market, By Distribution Channel
Global Probiotic Drink Market, By Region