LONDON–(BUSINESS WIRE)–Technavio has been monitoring the probiotic drinks market and it is poised to grow by $ 14.51 bn during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
The prominence of probiotic drinks in weight management is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 6.10% and the incremental growth of the market is anticipated to be $ 14.51 bn.
Who are the top players in the market?
Bio-K Plus International Inc., Fonterra Co-operative Group Ltd., Danone SA, Gujarat Cooperative Milk Marketing Federation Ltd., Harmless Harvest Inc., Lifeway Foods Inc., Nestle SA, NextFoods Inc., PepsiCo Inc., and Yakult Honsa Co. Ltd, are some of the major market participants.
What are the key market drivers and challenges?
The health benefits of probiotic drinks is one of the major factors driving the market,
How big is the APAC market?
The APAC region will contribute 58% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bio-K Plus International Inc., Fonterra Co-operative Group Ltd., Danone SA, Gujarat Cooperative Milk Marketing Federation Ltd., Harmless Harvest Inc., Lifeway Foods Inc., Nestle SA, NextFoods Inc., PepsiCo Inc., and Yakult Honsa Co. Ltd. are some of the major market participants. The health benefits of probiotic drinks will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Probiotic drinks market 2020-2024: Segmentation
Probiotic drinks market is segmented as below:
- Dairy Drinks
- Juice Drinks
- North America
- South America
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Probiotic drinks market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The probiotic drinks market report covers the following areas:
- Probiotic drinks market Size
- Probiotic drinks market Trends
- Probiotic drinks market Industry Analysis
This study identifies the prominence of probiotic drinks in weight management as one of the prime reasons driving the probiotic drinks market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Probiotic drinks market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist probiotic drinks market growth during the next five years
- Estimation of the probiotic drinks market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the probiotic drinks market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of probiotic drinks market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Bio-K Plus International Inc.
- Fonterra Co-operative Group Ltd.
- Danone SA
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Harmless Harvest Inc.
- Lifeway Foods Inc.
- Nestle SA
- NextFoods Inc.
- PepsiCo Inc.
- Yakult Honsa Co. Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.