Probiotics Drink Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193254
  • Format: Electronic (PDF)
  • Number of Pages: 214
  • Author(s): Joshi, Madhavi

Report Overview

The Probiotics Drink Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 14 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024-2030).

Probiotics Drink Market

(Market Size)
$8.5 billion
$14 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.80%
2023 Market Size USD 8.5 billion
2030 Market Size USD 14 billion
Key Players Yakult, Danone, GoodBelly, Bio-K+, Lifeway

Market Summary

The probiotics drink market represents a dynamic and rapidly expanding segment within the global consumer goods industry, specifically under functional beverages. These drinks are formulated with beneficial live bacteria and yeasts intended to confer health advantages, primarily by improving gut health and digestion. The market's expansion is largely consumer-driven, with a growing global population becoming increasingly health-conscious and proactively seeking food and beverage options that offer more than just basic nutrition. This trend is supported by a broader shift towards preventive healthcare, where consumers are investing in products that can enhance their overall well-being and immune function. The product landscape is diverse, encompassing various formulations like dairy-based yogurts and kefirs, dairy-free alternatives, and fruit-infused waters, catering to a wide array of dietary preferences and needs including lactose intolerance and veganism. This sector is characterized by continuous innovation, with manufacturers investing heavily in research and development to introduce new strains, improve taste profiles, and enhance the efficacy of their products to meet sophisticated consumer demands.

Key Highlights

The probiotics drink market is distinguished by several pivotal factors that underscore its significance and potential. A primary highlight is the intense level of research and scientific validation backing the health claims of probiotic consumption, which has been crucial for building consumer trust and market credibility. Major players and new entrants are consistently launching novel products featuring unique bacterial strains and combinations targeted at specific health outcomes beyond digestion, such as mental well-being and skin health. The retail distribution network for these products is vast and evolving, spanning hypermarkets, supermarkets, specialty health stores, and increasingly, e-commerce platforms, which have become a vital channel for market reach and consumer education. Another critical aspect is the stringent regulatory landscape, particularly in regions like North America and Europe, where health claim approvals govern market entry and product communication. The competitive environment is fierce, with both multinational corporations and agile startups vying for market share through strategies encompassing mergers and acquisitions, geographic expansion, and robust marketing campaigns focused on brand differentiation and consumer loyalty.

Drivers, Opportunities & Restraints

The growth trajectory of the probiotics drink market is propelled by a confluence of powerful drivers. The most significant driver is the escalating consumer awareness and education regarding the critical link between gut health and overall physical and mental wellness, fueled by pervasive digital media and scientific publications. Rising disposable incomes, especially in emerging economies, enable consumers to prioritize premium, health-oriented products. Furthermore, the increasing prevalence of digestive disorders and a global aging population seeking functional foods for longevity contribute substantially to market demand. The market presents abundant opportunities, particularly in the development of personalized nutrition solutions leveraging advancements in biotechnology and data analytics. There is also significant potential in penetrating untapped markets in Asia-Pacific and Latin America, where health trends are gaining momentum. However, the market faces considerable restraints. High production costs associated with maintaining the viability of live cultures through complex manufacturing and cold-chain logistics can limit affordability and margin. A major challenge is the lack of universal regulatory standardization for health claims, creating market entry barriers and consumer confusion. Additionally, the relatively short shelf life of these products and persistent consumer skepticism about the efficacy of certain probiotic strains can hinder widespread adoption.

Concentration Insights

The global probiotics drink market exhibits a moderately concentrated nature, characterized by the presence of a few dominant international players and a long tail of smaller regional and niche manufacturers. Leading companies such as Danone, Nestl?, Yakult Honsha, and PepsiCo (through its Kevita brand) command significant market share due to their extensive product portfolios, strong brand recognition, global distribution networks, and substantial investment in research and development. These industry giants often engage in strategic activities like mergers, acquisitions, and partnerships to consolidate their positions and gain access to new technologies or consumer bases. Concurrently, the market is witnessing a surge in specialized startups and local producers who compete by focusing on organic, artisanal, or hyper-specific probiotic formulations that appeal to discerning consumer segments. This blend of established corporations and innovative entrants creates a competitive yet collaborative landscape, where scale and agility both present distinct advantages. The concentration is also influenced by regional dynamics, with certain players holding strongholds in specific geographical areas, such as Yakult in Asia.

Type Insights

The probiotics drink market is segmented by type, primarily divided into dairy-based and non-dairy alternatives, each catering to distinct consumer needs. Dairy-based probiotics drinks, which include products like drinkable yogurt, kefir, and cultured milk, historically form the largest and most established category. Their popularity stems from a traditional association with fermented dairy's health benefits and a generally creamy, familiar taste profile that appeals to a broad audience. However, the non-dairy segment is experiencing accelerated growth, driven by the rising trends of veganism, lactose intolerance, and dairy allergies. This category includes innovative beverages derived from sources such as coconut, almond, oat, soy, and fruit juices, often fermented with specific probiotic strains. Manufacturers are continuously innovating within both types to enhance flavor, increase probiotic potency, and incorporate additional functional ingredients like vitamins, minerals, prebiotics, and plant-based proteins. The diversification in product types ensures that the market can address a wide spectrum of dietary preferences and nutritional requirements, making it accessible to an increasingly varied consumer base.

Application Insights

Probiotics drinks are consumed across various applications, reflecting their integration into daily life and specific health routines. The most prominent application is for general digestive health and wellness, which remains the core reason for consumption for a majority of users. Products in this category are marketed for maintaining a healthy gut flora balance and regular digestion. A significant and growing application is within the realm of immune support, as a substantial body of research continues to elucidate the connection between a healthy gut microbiome and a robust immune system. Consequently, many products are fortified with vitamins like C and D to amplify this benefit. Other specialized applications are emerging, targeting areas such as weight management, where certain probiotic strains are believed to aid metabolism. There is also a budding application in beauty and skincare, with drinks marketed for promoting healthy skin from within. Furthermore, these beverages are being positioned for specific demographic groups, including products formulated for women's health, children's nutrition, and active lifestyles, indicating the market's evolution towards highly targeted and personalized health solutions.

Regional Insights

The demand for probiotics drinks displays distinct regional variations influenced by cultural habits, economic development, and consumer awareness. Asia-Pacific stands as the largest and most mature market, deeply rooted in traditional consumption of fermented foods and beverages like Yakult in Japan and various fermented milks across South Korea and China. High consumer awareness and a strong cultural acceptance of functional foods drive sustained growth in this region. North America and Europe represent other significant markets, characterized by highly health-conscious consumers with a strong inclination towards scientifically-backed wellness products. Growth here is fueled by innovation in non-dairy formats and clean-label products. However, these regions also face stricter regulatory environments governing health claims. Latin America and the Middle East and Africa are identified as high-growth potential markets. Rising disposable incomes, increasing urbanization, and a growing middle class that is becoming more aware of health and wellness trends are key factors propelling market expansion in these emerging economies, albeit from a smaller base, presenting lucrative opportunities for market players.

Company Insights

The competitive landscape of the probiotics drink market features a mix of multinational food and beverage giants and specialized health-focused companies. Key players exerting considerable influence include Danone, with its iconic Actimel and Activia drinkable brands; Yakult Honsha Co., Ltd., a pioneer with its globally recognized single-strain beverage; Nestl? S.A., offering products under the Nesquik and Good Nest brands; PepsiCo, which entered the space through its acquisition of the kombucha and probiotic beverage company KeVita; and Lifeway Foods, Inc., a prominent leader in kefir products in the United States. These companies compete on multiple fronts including product innovation, scientific research to validate health claims, brand strength, and extensive distribution networks. Beyond these leaders, the market is populated by a vibrant ecosystem of smaller companies and startups such as Bio-K Plus International Inc. and GCMMF (Amul), which often compete by focusing on organic credentials, unique bacterial strains, artisanal production methods, or targeting very specific niche markets. This dynamic ensures a continuous flow of innovation and keeps the market highly competitive.

Recent Developments

The probiotics drink market is subject to constant evolution, with recent developments highlighting strategic shifts and innovation. A prominent trend has been a wave of strategic mergers and acquisitions, as large CPG corporations seek to rapidly enter or bolster their position in this high-growth category by acquiring successful smaller brands with established consumer followings and innovative products. There is a significant focus on sustainability, with leading companies investing in developing environmentally friendly packaging solutions, such as biodegradable bottles and reduced plastic use, to appeal to eco-conscious consumers. Product innovation remains relentless, with recent launches featuring new and clinically studied probiotic strains, synergistic combinations of probiotics and prebiotics (synbiotics), and expansion into adjacent functional benefits like mental clarity and stress reduction. Furthermore, companies are increasingly leveraging digital marketing and direct-to-consumer e-commerce channels to educate consumers, build brand communities, and gather valuable data on consumption patterns, allowing for more targeted and effective product development and marketing strategies.

Report Segmentation

This comprehensive market research report on the global probiotics drink market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry landscape. The segmentation is meticulously designed to help stakeholders identify specific growth pockets and strategic opportunities. The report is segmented by type, categorizing the market into dairy-based and non-dairy probiotics drinks, analyzing the trends, growth rates, and consumer preferences driving each segment. It is further segmented by application, examining key consumption areas such as digestive health, immune support, and other specialized health applications, providing insights into the evolving end-use demand. A critical component of the segmentation is by distribution channel, which includes hypermarkets/supermarkets, convenience stores, specialty stores, online retail, and others, highlighting the shifting patterns of how consumers access these products. Geographically, the report provides an in-depth regional analysis covering North America, Europe, Asia-Pacific, South America, and the Middle East and Africa, detailing the unique market dynamics, key players, and growth potential in each region. This multi-faceted segmentation ensures a holistic and actionable view of the market.

FAQs

What are the benefits of drinking probiotics?

The primary benefit associated with consuming probiotics drinks is the improvement of gut health and digestion by helping to balance the intestinal microbiota. They are also widely recognized for supporting the immune system, as a significant portion of the body's immune function is housed in the gut. Some strains may contribute to other benefits such as improved nutrient absorption, support for mental well-being through the gut-brain axis, and the maintenance of a healthy weight.

Which bacteria are used in probiotics?

The most commonly used bacteria in probiotics drinks belong to the Lactobacillus and Bifidobacterium genera. Specific strains include Lactobacillus acidophilus, Lactobacillus casei, Bifidobacterium bifidum, and Bifidobacterium lactis. Different strains are selected for their specific proven health benefits and their ability to survive the manufacturing process and the acidic environment of the stomach to colonize the gut effectively.

Are probiotics drinks good for you?

Probiotics drinks can be a beneficial addition to a balanced diet for many individuals, primarily for supporting digestive and immune health. Their effectiveness depends on factors such as the specific strains used, the quantity of live and active cultures consumed, and the individual's unique gut microbiome. It is always advisable for consumers to choose products from reputable brands that provide transparency about their strains and CFU counts.

What is the difference between probiotics and prebiotics?

Probiotics are live beneficial bacteria that are consumed to add to the population of good microbes in the gut. Prebiotics, on the other hand, are a type of non-digestible fiber that act as food for these beneficial bacteria, helping them to grow and thrive. Some advanced probiotic drinks are synbiotics, meaning they contain a combination of both probiotics and prebiotics for a synergistic effect.

Can you drink probiotics every day?

Yes, for most people, consuming probiotics drinks daily is considered safe and is often recommended to maintain a consistent level of beneficial bacteria in the gut. Regular consumption helps in sustaining the positive effects on digestion and immunity. However, individuals with severe immune deficiencies or other critical health conditions should consult a healthcare professional before making them a regular part of their diet.

Do probiotics need to be refrigerated?

Many probiotics drinks, particularly those that are dairy-based, require refrigeration to maintain the viability and potency of the live cultures throughout their shelf life. The cold temperature slows down bacterial metabolism and prevents over-fermentation. However, some shelf-stable formats exist that use specific processing techniques or hardy bacterial strains that do not require refrigeration until opened. Consumers should always follow the storage instructions on the product label.

Citius Research has developed a research report titled “Probiotics Drink Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Probiotics Drink Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Probiotics Drink Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Probiotics Drink Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Probiotics Drink Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Probiotics Drink Market
• Research Methodology
• Executive Summary
• Market Dynamics of Probiotics Drink Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Probiotics Drink Market
• Cost and Gross Margin Analysis of Probiotics Drink Market
• Probiotics Drink Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Probiotics Drink Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Probiotics Drink Market Key Stakeholders

Below are the key stakeholders for the Probiotics Drink Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Probiotics Drink Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Probiotics Drink Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Probiotics Drink Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Probiotics Drink Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Probiotics Drink Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Probiotics Drink Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Probiotics Drink Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Probiotics Drink Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Probiotics Drink Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Probiotics Drink Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Probiotics Drink Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Probiotics Drink Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Probiotics Drink Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Probiotics Drink Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Probiotics Drink Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Probiotics Drink Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Probiotics Drink Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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