Probiotic Drink Market Overview:
The Probiotic Drink market study gives a complete view of the competition, including the market share and company profiles of the worldwide industry’s leading competitors. The scope of the research includes a full assessment of the Probiotic Drink Market, as well as the reasons for variations in the industry’s growth across several sectors.
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Probiotic Drink Market Dynamics:
The growing global demand for functional beverages to improve digestive health has fueled market growth over the years. Consumers are becoming more aware of the product and recognise its significance for gut health. Furthermore, rising health awareness among consumers, particularly young consumers, has fueled global demand for the product. Furthermore, the availability of ready-to-drink products for on-the-go consumption has fueled market growth.
Probiotic drinks aid in the maintenance of a healthy balance of stomach bacteria, resulting in a variety of health benefits such as digestive health, weight loss, and immune function. The drinks improve bowel movement and nutrient absorption when consumed on a regular basis. Furthermore, these drinks promote mental health, as research has shown that mood and mental health are linked to gut health. As a result, the product aids in the treatment of depression, anxiety, obsessive-compulsive disorder (OCD), and autism. Furthermore, the products may strengthen the immune system by stimulating the production of natural antibodies in the human body. Consumers’ adoption of the product has been fueled by growing awareness of its health benefits.
Probiotic Drink Market Segmentation:
In 2021, dairy-based products had the highest revenue share of more than 55.0%. Probiotic drinks have traditionally been associated with fermented dairy drinks or yogurt-based drinks because probiotics are very compatible with dairy products. Some traditional or regional dairy-based drinks are gaining popularity worldwide. Kefir, a fermented milk drink traditionally consumed in Europe, is gaining popularity worldwide. According to Food & Drink International in February 2020, Tesco plc, an international supermarket, has seen a 400% increase in demand for Kefir in the United Kingdom over the last 18 months. Milk-based products are available from major manufacturers such as Yakult Honsha Co., Ltd., Danone S.A., and GCMMF (Amul).
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Probiotic Drink Market Key Players:
Primary and secondary research is used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers’ annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The biggest players in the Probiotic Drink market are as follows:
- Yakult Honsha Ltd.
- Danone S.A.
- Amul
- Pepsico
- NextFoods
- Harmless Harvest
- Bio – K Plus International Inc.
- Fonterra Co – Operative Group
- Lifeway Foods Inc.
- Nestle SA
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Probiotic Drink market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Probiotic Drink Market:
End-user industries where Probiotic Drink are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Probiotic Drink manufacturers, affecting the Probiotic Drink market’s growth in 2020. End-user business demand for Probiotic Drink has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Probiotic Drink Market Report are:
- In 2021, which segment accounted for the most share of the Probiotic Drink industry?
- What is the competitive landscape of the Probiotic Drink market?
- What are the key factors influencing Probiotic Drink market growth?
- In the Probiotic Drink market, which region has the most market share?
- What will be the CAGR of the Probiotic Drink market during the forecast period (2022-2027)?
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