Yogurt and Probiotic Drink Market Size, Share, Growth Analysis, By Product(Yogurt Drink and Probiotic Drink), By Distribution Channel(Online and Offline), By Region - Industry Forecast 2024-2031

Yogurt and Probiotic Drink Market size was valued at USD 79.4 billion in 2021 and is poised to grow from USD 86.9 billion in 2022 to USD 182.9 billion by 2030, growing at a CAGR of 9.7% in the forecast period (2023-2030).

The existence of numerous developed international players and numerous developing key market entrants has helped to consolidate the industry. For the purpose of boosting their customer base and fostering brand loyalty, these companies are taking part in significant acquisition and promotional campaigns. 'Danone S.A.', 'Nestle S.A.', 'Yakult Honsha Co., Ltd.', 'General Mills Inc.', 'Chobani LLC', 'Fage International S.A.', 'Muller Group', 'Arla Foods amba', 'Lactalis Group', 'The Coca-Cola Company', 'PepsiCo Inc.', 'Grupo Lala S.A.B. de C.V.', 'The Hain Celestial Group, Inc.', 'Lifeway Foods Inc.', 'Stonyfield Farm Inc.', 'Mother Dairy Fruit & Vegetable Pvt. Ltd.', 'Clover S.A. (Pty) Ltd.', 'Parmalat S.p.A.', 'Bright Dairy & Food Co., Ltd.', 'Groupe Danone Argentina S.A.', 'In January 2022, A Danone S.A. subsidiary called So Delicious has introduced a new range of coconut milk yogurt substitutes with botanical extracts, including strawberry with elderberry extract, mango with ginger and turmeric extract, and mixed berry with chamomile extract. The product is advertised as having live and active cultures, organic coconut, 7-8 grams of sugar, and no fake sweeteners or preservatives.'

Yogurt and probiotic drinks are known for their health benefits such as improved digestion, increased immunity, and weight management. These benefits are driving consumers towards these products.

Increasing demand for probiotic products: There has been a growing awareness among consumers about the health benefits of probiotics, which has led to a rise in demand for yogurt and probiotic drinks. Probiotics are known to improve digestion, boost immunity, and promote overall health.

In 2021, North America made for the largest portion of revenue more than 44.50%. The region's increasing number of health-conscious consumers choosing vegan diets is anticipated to fuel the segment's development during the forecast period. Therefore, the market will have clear development objectives as more consumers choose vegan diets.