Published Date: 8-Dec-2020
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According to a new report Global Probiotic Drinks Market, published by KBV research, The Global Probiotic Drinks Market size is expected to reach $25.2 billion by 2026, rising at a market growth of 9.5% CAGR during the forecast period.
The offline channel segment has dominated the market and has a significant share of revenue of the global market in the year 2019. Hypermarkets, supermarkets, and convenience stores are the main offline distribution channels in the probiotics market. Online channel is likely to increase at the fastest pace in the coming years. The growing number of online retailers gives easy payment options, competitive pricing, and hassle-free delivery is driving the segment growth.
Dairy-based products have the largest revenue share in the year 2019. Usually, Probiotic Drinks are related to yogurt-based drinks and fermented dairy drinks as probiotics as they are much attuned with dairy products. The plant-based product segment is anticipated to show the fastest growth in the coming years. From the past few years, the demand for plant-based drinks such as probiotic fruit and vegetable juices has been increased significantly.
The Asia Pacific has the largest share in the year 2019. China, India, and Japan are the main markets in this region. As per the International Probiotics Association (IPA), it is stated that China is one of the most significant markets for probiotics. Europe and North America also have a major market for probiotic ingredients and products. In Europe, consumers show a very positive attitude toward the consumption of probiotic products. Germany leads the probiotic product's market which is followed by the U.K. and France. The probiotics that are commonly used in the United States include lactobacillus and Bifidobacterium.
Structural Insights: https://www.kbvresearch.com/probiotic-drinks-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A., Danone S.A., PepsiCo, Inc., Fonterra Co-operative Group Limited, General Mills, Inc. (NextFoods), Kerry Group PLC, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), Lifeway Foods, Inc., Grupo LALA SAB de CV, and Harmless Harvest, Inc.
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