LONDON--(BUSINESS WIRE)--The probiotic drinks market is poised to grow by USD 14.51 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. Request free sample pages
Read the 120-page report with TOC on "Probiotic Drinks Market Analysis Report by Product (Dairy drinks and Juice drinks), Geographic Segmentation (North America, APAC, Europe, South America and MEA), and the Segment Forecasts, 2020-2024".
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The market is driven by the health benefits of probiotic drinks. In addition, the growing prominence of probiotic drinks in weight management is anticipated to boost the growth of the probiotic drinks market.
Many health-conscious consumers are choosing probiotic drinks over others as they help in mitigating gastrointestinal infections, allergies, and bowel disorders. The efficacy of probiotics has been verified by conducting studies on a range of health issues such as IBS, cholesterol metabolism, and Crohn's disease. Market vendors are focusing on developing probiotic drinks to cater to the growing demand emerging form increased awareness about their specific health and metabolic benefits. For instance, in July 2019, General Mills and GoodBelly partnered to launch a probiotic cereal and lactose-free yogurts. Thus, the potential health benefits of probiotic drinks are expected to drive market growth during the forecast period.
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Major Five Probiotic Drinks Market Companies:
Bio-K Plus International Inc.
Bio-K Plus International Inc. operates the business under various segments such as Original, Strawberry, Blueberry, Mango, and Coconut and others. The company provides probiotic drink products, which optimize intestinal health.
Fonterra Co-operative Group Ltd.
Fonterra Co-operative Group Ltd. offers products through the following business units: Ingredients, Consumer and foodservice, and China farms. The company provides dairy based probiotic drinks and drinkable yogurt that support the immune system and are beneficial for the digestive system.
Danone SA
Danone SA operates under various business segments, namely Essential Dairy and Plant Based International, Essential Dairy and Plant Based North America, Specialized Nutrition, and Waters. The company provides drinkable probiotic yogurt that helps in maintaining healthy gut flora.
Gujarat Cooperative Milk Marketing Federation Ltd.
Gujarat Cooperative Milk Marketing Federation Ltd. offers products through the following business segments: Milk and Milk product and Cattle feed. The company offers probiotic buttermilk, which is beneficial for both immunity and digestion.
Harmless Harvest Inc.
Harmless Harvest Inc. offers products through the following business segments: Coconut water, Dairy free yogurt alternative, Dairy free yogurt drink, and Protein & Coconut. The company provides a dairy free yogurt drink which is a good source of fiber.
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Probiotic Drinks Market Product Outlook (Revenue, USD Billion, 2020-2024)
- Dairy drinks
- Juice drinks
Probiotic Drinks Market Geographic Outlook (Revenue, USD Billion, 2020-2024)
- North America
- APAC
- Europe
- South America
- MEA
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