Probiotic Beverages gaining robust transition over the past few years due to growing awareness among consumer regarding gut health. The rising prevalence of IBS and IBD among people, increasing inclination of female toward probiotics drinks to maintain their families’ health and growing demand for all-natural ingredients are expected to propel the growth of the market in the forecast period. Moreover, the launch of new probiotic products by the market players to reduce the risk of digestive disorders along with propelling health-conscious among consumers and the significant surge in the dairy-based probiotic beverages are the factors driving the growth of the market.
Key questions answered in the study:
According to MarkNtel Advisors’ research report “Global Probiotic Beverages Market Analysis, 2021”, the market is anticipated to grow at a CAGR of around 8% during 2021-26. Based on Indication, Inflammable Bowel Disease (IBD) and Irritable Bowel Syndrome (IBS) segment acquired a significant market share in 2019. The consumption of probiotics beverages has escalated at a robust rate among people as it enhances bowel movement, digestive health and also improves nutrient absorption. Moreover, it reduces pain and also improves inconsistency. However, it is also a cheap treatment option for IBS and IBD, hence this is projected to fuel the growth of the market in the market in the forecast period.
“Global Probiotic Beverages Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Probiotic Beverages providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
North America Dominated the Market
North America dominated the Global Probiotic Beverages market in 2019. The US grabbed the highest market share in the North America market on account of burgeoning health consciousness among people, rising product innovations by the market players and escalating demand for probiotic products to prevent gut disorders such as irritable bowel syndrome (IBS). Besides these, the growing purchasing power of individuals, growing awareness regarding the health benefits of this product and fuel in the demand for ready-to-drink beverages are some of the factors anticipated to bolster the growth of the Probiotic Beverages Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Probiotic Beverages Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Probiotic Beverages market are Yakult, Amul, PepsiCo, Inc. (Kevita), Lifeway Foods, Inc., Nestle, Biogaia, Tine BA, Valio Ltd., NextFoods (Goodbelly), Danone S.A., Harmless Harvest, Bio-K Plus International Inc., Fonterra Co-operative Group Limited etc.