US and Canada Probiotic Drinks Market Global Industry, Share, In-Depth Qualitative Insights, Explosive Growth Opportunity, and Regional Analysis Forecast 2024 to 2031 | Lifeway Foods, Inc., Kirk's Probiotic Soda, Plant Veda Foods Ltd.

The US and Canada Probiotic Drinks Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the US and Canada Probiotic Drinks market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The US and Canada Probiotic Drinks market recorded a value of US$ 5,347.04 million in 2023 and is expected to reach a value of US$ 7,658.60 million in 2031, growing at a CAGR of 9.56% during the forecast period (2024-2031).

The US and Canada Probiotic Drinks Market focuses on beverages infused with live beneficial bacteria that support gut health, digestion, and immunity. Popular options include yogurt drinks, kombucha, and kefir. The market is driven by increasing consumer awareness of gut health, the rising demand for functional foods, and a shift toward healthier beverage choices. Innovations in flavors, packaging, and plant-based options are further fueling market growth.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as Lifeway Foods, Inc., Kirk's Probiotic Soda, Plant Veda Foods Ltd., Tropicana Brand Group, Harmless Harvest, Inc., GT's Living Foods LLC, GoodBelly (Next Foods), De La Calle, Health-Ade LLC, RISE Kombucha, General Mills Inc., Dahlicious, YOSO, Buchi (Asheville Kombucha Mamas), Pulp & Press Canada Inc. and among other.

Key Developments:

In August 2023, Yakult revealed plans to expand its production capabilities in the U.S. by establishing a second manufacturing facility in Georgia. This new site will be located about 45 minutes northwest of Atlanta in Barrow County. With an investment of approximately $305 million, the factory is expected to begin operations in 2026. This move comes after a significant boost in the company's U.S. sales, which more than doubled in 2022, highlighting the growing demand for its probiotic beverages.

In June 2022, Danone North America launched a new product innovation: Activia+ Multi-Benefit Probiotic Yogurt Drinks. These drinks, packed with billions of live probiotics to support gut health, also provide an excellent source of vitamins C, D, and zinc to enhance the immune system. As consumers, especially millennials, increasingly seek foods with functional benefits, Activia+ is tailored to meet this demand, offering both gut and immune health support in a convenient drink form.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The US and Canada Probiotic Drinks market has been segmented

By Type: Drinkable Yogurt, Kombucha, Kefir, Tepache, Others.

By Ingredient: Lactobacillus, Streptococcus, Bifidobacterium, Others.

By Application: Gastrointestinal Health, Vaginal Health, Urinary Tract Health, Oral Health, Anti/Healthy Ageing, Allergies/Asthma, Bone & Joint Health, Brain/Mental Health, Cardiovascular Health, Circulation, Energy/Fatigue Reduction, Metabolic Syndrome/Blood Glucose, Liver Health.

By Distribution Channel: Supermarkets/Hypermarkets, Pharmacies and Drug Stores, Convenience Stores, Online Retailers, Other Distribution Channels.

Research Process

Both primary and secondary data sources have been used in the global US and Canada Probiotic Drinks Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, US and Canada Probiotic Drinks market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global US and Canada Probiotic Drinks Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global US and Canada Probiotic Drinks market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the US and Canada Probiotic Drinks Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of US and Canada Probiotic Drinks market?

➠ Who are the global key manufacturers of the US and Canada Probiotic Drinks Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the US and Canada Probiotic Drinks market opportunities and threats faced by the vendors in the global US and Canada Probiotic Drinks Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the US and Canada Probiotic Drinks market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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