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Report overview
The Global Yogurt And Probiotic Drink market was valued at US$ 152.8 billion in 2023 and is projected to reach US$ 222.7 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period (2023-2030).
The demand for healthy products that can be easily incorporated into everyday routines and lifestyles has opened new avenues for yogurt drinks. The positioning of these drinks as the basis of healthy nutrition and the increase in public awareness about the health benefits of these beverages are driving product demand across the globe.
This report aims to provide a comprehensive presentation of the global market for Yogurt And Probiotic Drink, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Yogurt And Probiotic Drink. This report contains market size and forecasts of Yogurt And Probiotic Drink in global, including the following market information:
The global key manufacturers of Yogurt And Probiotic Drink include Yakult Honsha Co., Ltd., Chobani, LLC, Danone, Grupo Lala, Califia Farms, Lifeway Foods, Inc., Bio-K+, Harmless Harvest and GoodBelly Probiotics, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
The Yogurt and Probiotic Drink Market is a rapidly growing sector within the global food and beverage industry, driven by increasing consumer awareness of the health benefits associated with probiotics. These products, which include traditional yogurt, drinkable yogurt, kefir, and other probiotic-rich beverages, are popular for their potential to improve gut health, boost immunity, and contribute to overall well-being.
Health and Wellness Trends: The growing emphasis on health-conscious living has led consumers to seek out functional foods and beverages. Yogurt and probiotic drinks are perceived as natural and beneficial options that support digestive health.
Rising Lactose Intolerance: As awareness of lactose intolerance increases, many consumers are turning to yogurt and probiotic drinks, which are often easier to digest than milk.
Innovation and Product Diversification: Manufacturers are expanding their product lines with various flavors, formulations, and packaging options to cater to diverse consumer preferences. Plant-based probiotic drinks have also seen significant growth, appealing to vegan and lactose-intolerant consumers.
Increasing Urbanization and Disposable Income: As more people live in urban areas and have higher disposable incomes, there is greater access to and demand for convenient, healthy food options, including yogurt and probiotic drinks.
Regulatory Hurdles: The regulatory environment for probiotic labeling and health claims varies by region, posing challenges for manufacturers in marketing their products.
High Competition: The market is highly competitive, with many established players and new entrants, leading to price pressures and the need for continuous innovation.
Consumer Skepticism: While the benefits of probiotics are widely recognized, there remains some consumer skepticism, particularly regarding the efficacy of certain products and the validity of health claims.
The Yogurt and Probiotic Drink Market is expected to continue its growth trajectory, supported by ongoing innovation, expanding consumer base, and increasing awareness of the health benefits of probiotics. The market is also likely to see further diversification, with more plant-based and functional ingredients being incorporated into products.
We surveyed the Yogurt And Probiotic Drink manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Yogurt And Probiotic Drink Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (M Bottles)
Global Yogurt And Probiotic Drink Market Segment Percentages, by Type, 2023 (%)