Europe Probiotic Drink Market Size & Outlook, 2020-2027
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Europe probiotic drink market highlights
- The Europe probiotic drink market generated a revenue of USD 3,457.7 million in 2020.
- The market is expected to grow at a CAGR of 6.8% from 2021 to 2027.
- In terms of segment, dairy-based was the largest revenue generating product in 2020.
- Plant-based is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 3,457.7 million |
| Market revenue in 2027 | USD 5,487.3 million |
| Growth rate | 6.8% (CAGR from 2021 to 2027) |
| Largest segment | Dairy-based |
| Fastest growing segment | Plant-based |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dairy-based, Plant-based |
| Key market players worldwide | Yakult Honsha Co Ltd, Danone SA, PepsiCo Inc, Harmless Harvest, Nestle SA, Lifeway Foods Inc, AMUL, NextFoods, Bio-K+ International, Fonterra Co-operative Group, Chobani |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.8% of the global probiotic drink market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Latin America is the fastest growing regional market and is projected to reach USD 761.6 million by 2027.
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Probiotic Drink Market Scope
Probiotic Drink Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Chobani | View profile | 1001-5000 | Norwich, New York, United States, North America | http://www.chobani.com |
| Fonterra Co-operative Group | View profile | 10001+ | Auckland, Auckland, New Zealand, Oceania | http://fonterra.com |
| Bio-K+ International | View profile | 101-250 | Laval, Quebec, Canada, North America | https://www.biokplus.com |
| NextFoods | View profile | 11-50 | Boulder, Colorado, United States, North America | http://goodbelly.com/ |
| AMUL | View profile | 501-1000 | Anand, Gujarat, India, Asia | http://www.amul.com/ |
| Lifeway Foods Inc | View profile | 289 | 6431 West Oakton Street, Morton Grove, IL, United States, 60053 | https://www.lifewaykefir.com |
| Yakult Honsha Co Ltd | View profile | 29880 | 1-19 Higashi Shimbashi 1-chome, Minato-ku, Tokyo, Japan, 105-0021 | http://www.yakult.co.jp |
| Harmless Harvest | View profile | 251-500 | San Francisco, California, United States, North America | https://www.harmlessharvest.com |
| PepsiCo Inc | View profile | 318000 | 700 Anderson Hill Road, Purchase, NY, United States, 10577 | https://www.pepsico.com |
| Danone SA | View profile | 88843 | 17, Boulevard Haussmann, Paris, France, 75009 | https://www.danone.com |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
Europe probiotic drink market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to probiotic drink market will help companies and investors design strategic landscapes.
Dairy-based was the largest segment with a revenue share of 58.47% in 2020. Horizon Databook has segmented the Europe probiotic drink market based on dairy-based, plant-based covering the revenue growth of each sub-segment from 2016 to 2027.
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Target buyers of Europe probiotic drink market databook
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Our clientele includes a mix of probiotic drink market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe probiotic drink market , including forecasts for subscribers. This continent databook contains high-level insights into Europe probiotic drink market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe probiotic drink market size, by country, 2016-2027 (US$M)
Europe Probiotic Drink Market Outlook Share, 2020 & 2027 (US$M)
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