(Entertainment-NewsWire.com, April 19, 2018 ) The global Probiotic Juice Beverage market is anticipated to grow at XX% CAGR from 2017 to 2022 and it is estimated that the global market was valued at USD XX billion in 2017 and is expected to reach USD XX billion by 2022.
Fruit juice and drinks have become important carriers for a multitude of cross-category ingredients varying from probiotics, fiber and plant sterols to omega-3, collagen, and glucosamine. The probiotic products readily available in the market are generally in the form of yogurts or fermented milk. In addition, it has been observed that with a rise in preference for vegetarianism among consumers in developed countries, the demand for vegetarian probiotic products has increased. The advantageous effects of food with added live probiotics on the health of human and in specific on children and other higher-risk populations are being progressively promoted by health professionals. Furthermore, probiotics play a significant role in digestion, immunological and respiratory functions and it has vital effect in preventing infectious disease in children.
Increasing personal disposable income along with rising health consciousness are the factors fostering the growth of the global probiotic juice beverage market. Moreover, growing baby boomer population is further expected to boost the market growth in the coming years. In addition, the significant acceptance of probiotic juice beverages in single-serve packs is also likely to impel the growth in future. Growing population in developing Asian countries is driving the demand for probiotic products in the region which is likely to expand the growth in the region in future.
The global Probiotic Juice Beverage market is segmented on the basis of Application and Flavors. On the basis of type, the market is segmented into Therapy, Prevention of Disease and Regular. The prevention of disease segment is expected to register a significant growth rate in the coming years due to rising health consciousness all over the world. The global probiotic juice beverage market is also segmented on the basis of end users such as animal probiotics and human probiotics. On the basis of Flavors, it is segmented into Cranberry, Raspberry, Blueberry, Strawberry, and Others. The strawberry segment is expected to witness significant growth in the coming years.
On the basis of geography, the Probiotic Juice Beverage market is segmented into various regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific held the largest share of the market with Japan estimated to account for highest share in global probiotic juice beverage market. Apart from this, Europe is the second largest market, as in the European region, consumers have a positive attitude towards consumption of probiotic products. The consumption is at a significant pace in Germany, France, and U.K. that the products are easily available in grocery store. The market growth is less in America but is likely to observe sound growth in future.
The market is dominated by companies like Nestle SA, E.I. DuPont De Nemours Company, Biogaia AB, Groupe Danone, Goodbelly, Yakult Honsha Co. Ltd., and Probiotics International Limited.
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