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Probiotic Soda Market

Probiotic Soda Market

Probiotic Soda Market Analysis By Type (Dairy-based Probiotic Soda & Plant-based Probiotic Soda) By Packaging (Bottles, Tetra Packs & Cans) By Sales Channel and By Region – Global Market Insights 2022 to 2032

Probiotic Soda Market
FACT826MR
  • Jul-2022
  • List of Tables : 84
  • List of Figures : 112
  • 170 Pages
  • Food & Beverage

Probiotic Soda Market Outlook (2022-2032)

The global probiotic soda market is valued at US$ 210.4 million and is projected to reach US$ 443.8 million by 2032, surging ahead at a CAGR of 7.7% over the 2022 to 2032 study period.

Increasing awareness of the health benefits of probiotics and rising popularity of probiotic drinks among the young population are expected to be prime factors propelling probiotic soda sales over the coming years.

Report Attributes

Details

Probiotic Soda Market Size (2022E)

US$ 210.4 Million

Forecasted Market Value (2032F)

US$ 443.8 Million

Global Market Growth Rate (2022-2032)

7.7% CAGR

North America Market Share (2022)

25.6%

Europe Market Share (2022)

23.2%

Key Companies Profiled

  • Yakult Honsha Co. Ltd.
  • Danone S.A.
  • Nestle SA
  • Chobani LLC
  • NextFoods
  • Harmless Harvest
  • Bio-K Plus International Inc.
  • GCMMF (Amul)
  • PepsiCo
  • Fonterra Co-operative Group
  • Lifeway Foods Inc.

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Probiotic Soda Consumption Analysis (2017-2021) in Comparison to Industry Growth Forecasts (2022-2032)

Increasing awareness for health and fitness among the general population led to an increase in demand for functional drinks and beverages. Probiotic drinks have proven to improve digestive health and maintain a healthy immune function and increasing awareness about these benefits is expected to foster consumption of probiotic soda across the forecast period.

Several studies have proven that mental health and mood are linked with good digestive and gut health and hence as focus on mental health increases it is anticipated to subsequently drive shipments of probiotic soda.

A paradigm shift in consumer preference from sugary drinks and soda to functional beverages is expected to push manufacturers to add functional ingredients to their products. The increasing prevalence of chronic diseases and lifestyle disorders is also expected to favor sales of probiotic soda drinks.

Probiotic tea, probiotic supplements, and probiotic soft drinks are some of the popular probiotic products that are expected to witness an increase in demand through 2032.

The emergence of DIY trends is also expected to have a substantial effect on probiotic soda market growth and is expected to push manufacturers to create more functional and attractive probiotic beverages.

However, a lack of consumer education about the benefits of these probiotic drinks is expected to have a restraining effect on the overall market potential.

Worldwide sales of probiotic soda are anticipated to increase at a noteworthy CAGR of 7.7% through 2032.

Probiotic soda market forecast by Fact.MR

How is the Probiotic Soda Market Shaping Up?

“Increasing Incorporation of Probiotics in Beverages”

Focus on health has increased substantially in recent times and this has led to a change in consumer preferences for more functional foods and beverages.

To capitalize on the growing demand for functional beverages that promote gut and intestinal health, probiotic soda manufacturers are launching new products and increasing the incorporation of probiotics and prebiotics.

“Lack of Consumer Education Obstructing Probiotic Soda Demand”

A major challenge that befalls probiotic soda suppliers is the lack of consumer education about probiotics and this is expected to be prevalent across the forecast period.

Probiotic soda vendors are focusing on launching new initiatives and creative marketing campaigns to increase awareness of probiotic drinks and drive their revenue generation potential.

An Adaptive Approach to Modern-day Research Needs

What Market Trends Can Start-ups Capitalize On Going Forward?

“New Market Entrants Can Focus on Creating Products Directed towards Circular Economy”

  • Loop Mission, a Canada-based start-up focused on food waste minimization, launched a slew of products in accordance with the circular economy trend, and the company is focused on keeping true to this trend over the coming years as well. Among the products that Loop offers, there are also a variety of sodas with probiotics.

Upcoming market players can adopt business models that are geared towards sustainability and deploy innovative marketing strategies to promote their sales. New probiotic soda vendors can also create specialized branding and marketing strategies to carve out a market share for themselves.

  • For instance, in 2021, Dragon Rouge, a renowned branding agency, was given the opportunity of naming, packaging design, and product strategy for new probiotic soda water.

Which Region Should Probiotic Soda Manufacturers Invest In?

“North America & Asia Pacific to Provide Rewarding Investment Opportunities”

At present, the North America probiotic soda market holds a market share of 25.6% and a sales revenue total of US$ 53.9 million. Rising focus on health, increasing availability of probiotic products, increasing prevalence of health disorders, and rising popularity of probiotic drinks among the millennial population are key factors that govern probiotic soda demand in this region.

The market for probiotic soda in the Asia Pacific region is expected to account for a significant market share in the global landscape owing to increasing focus on health and rising awareness of benefits of probiotic drinks.

China and India are expected to be the leading markets in this region. Currently, China probiotic soda market accounts for a total valuation of US$ 19.8 million and holds a market share of 9.4%. Sales of probiotic products such as probiotic tea and probiotic soda drinks are expected to increase at a rapid pace throughout the forecast period.

The optimistic outlook of consumers towards probiotic products in Europe is expected to drive probiotic soda consumption in this region. The Europe probiotic soda market in 2022 stands at a value of US$ 49 million and accounts for a notable market share of 23.2%. France, Germany, Spain, and the United Kingdom are expected to be prime markets in this region over the coming years.

More regional insights have been discussed in detail in this new probiotic soda market study by Fact.MR, a market research and competitive intelligence provider.

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Competitive Landscape

Probiotic soda manufacturers are focusing on expanding their business scope through mergers, acquisitions, collaborations, and partnerships.

  • In November 2021, Beliv, a Latin-American beverage company, announced the completion of the acquisition of Big Easy, a leading manufacturer of plant-based probiotic drinks in the United States.

Key Segments Covered in Probiotic Soda Industry Research

  • Probiotic Soda Market by Type :

    • Dairy-based Probiotic Soda
    • Plant-based Probiotic Soda
  • Probiotic Soda Market by Packaging :

    • Bottles
    • Tetra Packs
    • Cans
  • Probiotic Soda Market by Sales Channel :

    • Online Sales
    • Offline Sales
  • Probiotic Soda Market by Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

In 2022, the global probiotic soda market is valued at US$ 210.4 million.
Probiotic soda sales are expected to reach US$ 443.8 million by 2032.
Demand for probiotic soda is slated to rise at 7.7% CAGR through 2032.
Currently, the China probiotic soda market holds a market share of 9.4%.

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