Skip to content

Probiotic Drinks Market to Reach $23.40 Bn, Globally, by 2031 at 6.6% CAGR: Allied Market Research – PR Newswire UK

Searching for your content…
Phone
+44 (0)20 7454 5110 from 8 AM – 5:30 PM GMT
Contact Us
+44 (0)20 7454 5110
from 8 AM – 5:30 PM GMT
News provided by
19 Apr, 2022, 13:40 BST
Share this article
Rise in health concerns, growth in popularity of plant-based probiotic drinks, multiple health benefits of probiotic drinks, and increase in demand for functional foods and beverages drive the global probiotic drinks market.
PORTLAND, Ore., April 19, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, "Probiotic Drinks Market by Type (Dairy-Based, Plant-Based), by Flavor (Regular, Berry, Tropical, Others), by Sales Channel (Hypermarkets And Supermarkets, Convenience Stores, Online Retail, Others),: Global Opportunity Analysis and Industry Forecast, 2020-2031." According to the report, the global probiotic drinks industry was pegged at $11.04 billion in 2020, and is expected to reach $23.40 billion by 2030, growing at a CAGR of 6.6% from 2022 to 2031.
Drivers, restraints, and opportunities-
Rise in health concerns, growth in popularity of plant-based probiotic drinks, multiple health benefits of probiotic drinks, and increase in demand for functional foods and beverages drive the global probiotic drinks market. However, potential side effects of probiotic drinks hinder the market growth. On the contrary, increase in focus on preventive healthcare and rise in disposable income and purchasing power across emerging economies are anticipated to pave the way for multiple opportunities in the industry.
Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/16267
COVID-19 scenario-
The dairy-based segment to dominate by 2031-
By type, the dairy-based segment accounted for around two-thirds of the global probiotic drinks market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the fact that probiotic drinks are generally made from fermented milk and other dairy products such as yogurt.  The plant-based segment, however, would showcase the fastest CAGR of 6.9% by 2031. This is attributed to the growing vegan population around the world.
The regular segment held the lion’s share in 2020-
Based on flavor, the regular segment held the lion’s share in 2020, contributing to more than three-fifths of the global probiotic drinks market, and is expected to continue its lead during the forecast period. Health-conscious people are significant users of probiotic drinks, they are more focused on quality of products rather than flavor or taste of products. This drives the demand for the segment. However, the berry segment is expected to witness the highest CAGR of 7.6% by 2031. This is owing to the growing demand for new flavors and tastes from consumers and people who are seeking more than traditional taste and flavors in foods & beverages products. The report also includes an analysis of the tropical segment.
Asia-Pacific, followed by North America, to lead the trail in terms of revenue-
By region, Asia-Pacific, followed by North America, garnered the major share in 2020, contributing to more than two-fifths of the global probiotic drinks market, and is expected to dominate the market during the forecast period. This is attributed to the fact that probiotic drink was first invented in Japan in 1930, and it has gained huge popularity among Asian consumers. The strong growth of the regional market is attributed to rapid development of the health and wellness industry in the region. However, the Asia-Pacific region is expected to witness the fastest CAGR of 6.6%. This is owing to willingness of people in Europe to spend on premium and healthy food and beverage products.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/16267
Key players in the industry-
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports:
Natural Food & Drinks Market: Global Opportunity Analysis and Industry Forecast 2020–2031
Nutraceuticals Market: Global Opportunity Analysis and Industry Forecast 2021–2030
Organic Energy Bar Market: Global Opportunity Analysis and Industry Forecast 2021–2030
Orange Extracts Market: Global Opportunity Analysis and Industry Forecast 2021–2030
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com 
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
SOURCE Allied Market Research
More news releases in similar topics
+44 (0)20 7454 5110
from 8 AM – 5:30 PM GMT

source

Share:

Pulse Handshak

Pulse Handshak

Collaborative online survey tool for the market research industry. Remote assisted surveying just like face-to-face interviews. Here interviewers can talk to the respondent over the web-console without the need for any other communication channel and share the same Q're with responses and click actions.

Pulse FE

Pulse FE

Pulse Field Expert or Pulse FE is the main platform for both offline and online survey at softofficepro.com. It is robust and used by hundreds of clients over tens of years with millions of responses. Do it once Q're and deploy on both offline devices (android) and online forms makes it a great cost effective platform for any kind of responses

Pulse Ultimate

Pulse Ultimate

Pulse Ultimate is targeted for tracking studies and retail audits. An offline survey system offering extreme field control including processes like data quality check, back-check, rework, comparison with previous wave data etc. helps to get the best results on a day-to-day basis

More Posts