By 2024, the market for yogurt and probiotic drink market is projected to reach $197 billion, expanding at a steady 7.6% annual rate. Growing consumer interest in wholesome, energy-boosting meals like yoghurt is the main driver of this growth. Growing consumer understanding of nutrition and good diets has led to a preference for these products, which emphasise gut health and digestion.
Forecasts indicate that the global market for probiotic drinks and yoghurt is anticipated to develop at a compound yearly growth rate of 7.6% to reach a value of US$ 197,014.2 million in 2024. The global market is expected to be worth US$ 209,660.3 million by 2034.
Yoghurt and probiotic drinks are becoming more and more popular as a result of manufacturers focusing on luxury products to support consumers’ healthy lives. Because yoghurt and probiotic drink manufacturers are listening to what consumers want—fit, non-alcoholic beverages—yogurt and probiotic drinks are growing in popularity. The market is expanding due to the demand for products that promote intestinal health and enhanced immune function as well as the appeal of yoghurt drinks.
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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 fueling the global market size. Food manufacturers add natural ingredients, plant-based additives, and natural flavors 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 to their consumers through their unique technologies and brilliant ideas. These innovations are widely captured among consumers desire are significantly drive the market size,” Says Lead Analyst at FMI.
Key Takeaways:
- Theyogurt 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 upsurging 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 Segments Covered in 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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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