NEWARK, Del, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The global yogurt and probiotic drink market is likely to secure a valuation of US$ 197,014.2 million in 2024, with a CAGR of 7.6% during the forecast period. The global market is anticipated to capture a valuation of US$ 209,660.3 million by 2034.
Yogurt and probiotic drink producers are focused on premium products for healthy lifestyles for consumers, increasing the demand for yogurt and probiotic drinks. These manufacturers focus on consumers' requirements for fit and non-alcoholic beverages, which are increasing the adoption of yogurt and probiotic drinks. Consumers are looking for gut health and better immune system products, and the adoption of yogurt drinks is expanding the market opportunities.
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Manufacturers innovate cost-effective, natural, and high-quality drinks and are increasingly adopting yogurt and probiotic drinks. Consumers looking for fresh, organic, eco-friendly packaging solutions are increasing the demand for yogurt and probiotic drinks. Manufacturers offer lactose-free and organic ingredients drinks to improve consumers' digestion and boost their energy.
Increasing advanced technology, infrastructure, and food sectors are rapidly fuelling the global market size. Food manufacturers add natural ingredients, plant-based additives, and natural flavours to attract consumers and enhance their sales volume. They are focused on offering no-sugar drinks for their consumers to maintain their diet plan and reduce toxicity.
Companies are looking for low-calorie, high-nutrient, and vitamin drinks to maintain their strength and energy, capturing consumers' desire for yogurt and probiotic drinks. These manufacturers are enhancing their packaging style to catch consumers' eye on their products. They advertise their products with simple and sustainable packaging, gaining vast popularity in the market.
"Food manufacturers continue to innovate delicious beverages for their consumers through their unique technologies and brilliant ideas. These innovations are widely captured among consumers desire are significantly drive the market size," - says Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways:
- The yogurt and probiotic drink market is registering a CAGR of 7.6% between 2024 and 2034.
- The United States is expected to register a CAGR of 6.3% by dominating the global market by 2034.
- Germany is anticipated to capture a CAGR of 7.6% of the global market during the forecast period.
- The United Kingdom is anticipated to register a CAGR of 8.9% in the global market in 2034.
- China significantly drives the global market with a CAGR of 7%.
- With a CAGR of 9.4%, India is rapidly advancing globally.
- The yogurt drink category is estimated to lead the global market during the forecast period.
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Competitive Landscape:
The global market is highly fragmented by present players that innovate cost-effective and high-quality products for their consumers to boost their health. They are heavily investing in research activities to develop unique texture drinks and beverages to maintain consumers' immune systems. They are up surging the market to another height through various tactics and strategies.
Key players promote their products on exhibitions, festivals, trade shows, and online platforms to capture vast audiences. They are focused on consumer feedback and fill gaps according to their requirements. These players can solve their issues through better ideas and innovations to expand market opportunities. Key players are likely to build their goals in the coming period through their exotic flavor drinks and sustainable options.
Key Companies Profiled:
- Danone
- Yakult Honsha Co. Ltd
- Grupo Lala
- Chobani, LLC
- Califia Farms
- Harmless
- Lifeway Foods, Inc
- KeVita
- Bio-K+
Key Segments Covered in the Yogurt and Probiotic Drink Market:
By Product Type:
- Yogurt Drink
- Juice
- Water
- Kefir
- Others
By Source Type:
- Dairy-based
- Plant-based
- Water-based
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Authored by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions, post-merger integration, and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI’s related ongoing Coverage in the Food and Beverage Domain:
Probiotic Drink Market: Size is poised to showcase monumental growth from 2023 to 2033. According to the research report published by Future Market Insights, the global industry is slated to exceed a valuation of US$ 19,276 million in 2023. It is predicted to reach a valuation of US$ 39,362.7 million by 2033
Vegan Drink Mixes Market: The industry is expected to grow at a CAGR of 6.1%. The market is projected to be valued at US$ 12,145.5 Million in 2022 and reach a valuation of US$ 21,956.8 Million by the end of 2032.
Yogurt Market: This is projected to reach a valuation of US$ 79,147.2 million by 2033 from US$ 44,808.5 million in 2023. It is set to expand rapidly at a CAGR of 5.9% in the estimated time frame between 2023 and 2033.
Greek Yogurt Market: The industry is expected to reach a market size of US$ 7,851.8 million in 2023 and is projected to rise at a CAGR of 7.1% to reach US$ 14,991.9 million by 2033. Earlier, from 2018 to 2022, this market expanded at a CAGR of 6.6%.
Non-GMO Yogurt Market: This is expected to grow at a CAGR of 15.5 %. The industry value is projected to increase from US$ 5,783.9 Million in 2022 to US$ 24,436.5 Million by 2032
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