South Africa Yogurt And Probiotic Drink Market Size & Outlook
South Africa yogurt and probiotic drink market, 2017-2030 (US$M)
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South Africa yogurt and probiotic drink market highlights
- The South Africa yogurt and probiotic drink market generated a revenue of USD 922.9 million in 2021 and is expected to reach USD 2,325.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.8% from 2022 to 2030.
- In terms of segment, probiotic drink was the largest revenue generating product in 2021.
- Probiotic Drink is the most lucrative product segment registering the fastest growth during the forecast period.
Yogurt and probiotic drink market data book summary
| Market revenue in 2021 | USD 922.9 million |
| Market revenue in 2030 | USD 2,325.2 million |
| Growth rate | 10.8% (CAGR from 2021 to 2030) |
| Largest segment | Probiotic drink |
| Fastest growing segment | Probiotic Drink |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Yogurt Drink, Probiotic Drink |
| Key market players worldwide | Yakult Honsha Co Ltd, Chobani, Danone SA, Califia Farms, Lifeway Foods Inc, Bio-K+ International |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.2% of the global yogurt and probiotic drink market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa yogurt and probiotic drink market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,325.2 million by 2030.
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Yogurt And Probiotic Drink Market Scope
Yogurt And Probiotic Drink Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa yogurt and 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 yogurt and probiotic drink market will help companies and investors design strategic landscapes.
Probiotic drink was the largest segment with a revenue share of 54.2% in 2021. Horizon Databook has segmented the South Africa yogurt and probiotic drink market based on yogurt drink, probiotic drink covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of South Africa yogurt and probiotic drink market databook
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Our clientele includes a mix of yogurt and 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 country-level data and insights on the South Africa yogurt and probiotic drink market , including forecasts for subscribers. This country databook contains high-level insights into South Africa yogurt and probiotic drink market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa yogurt probiotic drink market report size, by product, 2017-2030 (US$M)
South Africa Yogurt And Probiotic Drink Market Outlook Share, 2021 & 2030 (US$M)
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