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Yogurt And Probiotic Drink Market Size, Industry Analysis Report By Product Outlook (Yogurt Drink, Probiotic Drink), By Distribution channel Outlook (Online, Offline) & Region – Forecast

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 252
  • CATEGORY
  • Food & Beverages
Global Yogurt And Probiotic Drink Market: Overview
The global yogurt and probiotic drink market size was valued at USD 79.36 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.7% over the forecast period. Worldwide product demand is being driven by the positioning of yogurt and probiotic beverages as the cornerstone of sound nutrition and an increase in public awareness of the health advantages of these beverages. The supplement is designed for athletes to speed up recuperation, increase performance, fortify immunity, and sharpen cognition. The addition of the enzyme lactase, which converts lactose into sugars, allows major yogurt makers to expand their product portfolios to dairy-free/vegan yogurts, which is projected to accelerate market growth.

The Yogurt And Probiotic Drink Market - Growth Factors
Consumer awareness of conventional foods has switched to functional foods that are more nutrient-dense and healthier as a result of a greater study on science and innovation in the area of gut health. In June 2021, nearly 75% of people consumed yogurt for overall health and well-being and 65% for digestive/gut health, according to a Food Dive article. Such elements are anticipated to be positive for the industry's expansion. Yogurt drinks now have more market opportunities thanks to the growing desire for healthy products that are simple to include in daily activities and lives. Global product demand is being driven by the marketing of these drinks as the cornerstone of sound nutrition and the rise in public knowledge of their health advantages. As a result, significant firms are working together with other businesses to offer a wider range of products.

The Yogurt And Probiotic Drink Market – Market Trends
• The use of probiotics to enhance digestive health is being promoted by health professionals and gastroenterologists in the US, which is driving up the price of probiotic beverages.
• Probiotic beverages are useful libations that support a healthy balance of stomach bacteria, resulting in a number of health advantages including immunological function, weight loss, and digestive health.
• The demand for pure and natural components in probiotic drinks is rising, which has prompted the major market players to diversify their product lineup with a wide selection of real fruit-based probiotic beverages.

The Yogurt And Probiotic Drink Market – Segmentation
By Product Outlook
• Yogurt Drink
• Probiotic Drink

By Distribution channel Outlook
• Online
• Offline


The Yogurt And Probiotic Drink Market –Regional Analysis
The largest portion of global revenue in 2021—more than 44.50%—was generated in North America. The region's rising vegan diet adoption by health-conscious customers is anticipated to fuel the segment's expansion over the course of the projected period. Thus, a growing number of consumers who choose a vegan diet will offer the industry with solid growth targets. During the forecast period, Asia Pacific is anticipated to experience the quickest CAGR.

The Yogurt And Probiotic Drink Market – Key Market players
• Yakult Honsha Co., Ltd.
• Chobani, LLC
• Danone
• Grupo Lala
• Califia Farms
• Lifeway Foods, Inc.
• Bio-K+
• Harmless Harvest
• GoodBelly Probiotics
• KeVita

Report scope
Global Yogurt And Probiotic Drink Market: Historical Years- 2018-2021
Global Yogurt And Probiotic Drink Market: Forecast Years- 2022-2030
Global Yogurt And Probiotic Drink Market 2022- USD 79.36 billion
Global Yogurt And Probiotic Drink Market CAGR- 9.7%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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