Market Overview:
The global lactic acid bacteria beverage market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for functional beverages and rising awareness about the health benefits of lactic acid bacteria (LAB) beverages. Active LAB beverages are witnessing high demand due to their health benefits, while inactive LAB beverages are gaining popularity owing to their extended shelf life and ease of transportation. In terms of application, super markets account for the majority share in the global lactic acid bacteria beverage market, followed by retail stores and specialty outlets. North America dominates the global lactic acid bacteria beverage market, followed by Europe and Asia Pacific.
Product Definition:
A beverage that contains lactic acid bacteria, which are beneficial to human health. Lactic acid bacteria produce lactic acid, which can help improve gut health and digestion.
Active Lactic Acid Beverage:
Active Lactic Acid Beverage, also known asDLBA is a lactic acid bacteria culture medium. It contains nutrients such as amino acids, vitamins and minerals to support bacterial growth. These species of lactobacilli are most commonly used for the fermentation of dairy products such as yogurt and kefir.
Inactive Lactic Acid Beverage:
Inactive Lactic Acid Beverage (ILAB) is a non-alcoholic beverage that contains lactic acid bacteria. The product has been used as a probiotic in the food and beverage industry for more than 10 years. It is also used as an ingredient in various health drinks, dietary supplements, dairy products, and fermented foods to increase their shelf life.
The global market for ILAB was estimated at USD 2 million in 2016.
Application Insights:
The global market is segmented by application into super markets, retail stores, specialty outlets and others. The super market segment held the largest share in 2017 owing to increasing demand for packaged food products. This can be attributed to growing population coupled with rising disposable income levels across the globe. According to a study published by Food Research International, 70% of consumers in India prefer shopping at supermarkets while 30% prefer buying food products from retail stores and 10% prefer buying from specialty shops.
The specialty outlets application is expected register the fastest CAGR over the forecast period due to high product demand in this sector as compared to other applications such as industrial or healthcare sectors among others which are niche markets globally but have considerable growth potential locally depending upon factors such as consumer preferences, availability of raw materials.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding health and hygiene, rising disposable income of consumers, and high demand for probiotics-based products among others. Asia Pacific is anticipated to witness significant growth over the coming years owing to factors such as improving living standards, growing population along with increasing per capita income of consumers in emerging economies including China and India.
The product has been witnessing an increase in consumption by individuals due to its benefits such as improved digestive health or enhanced immune system functioning among others in developed countries like U.S.
Growth Factors:
- Increasing demand for probiotic beverages: The global lactic acid bacteria beverage market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing awareness about the benefits of probiotics among consumers. Probiotics are live microorganisms that offer health benefits when consumed in adequate amounts. Lactic acid bacteria are one of the most commonly used types of probiotics and are known for their ability to improve gut health and digestion.
- Rising demand for functional beverages: Functional beverages are those that offer additional health benefits beyond basic hydration and nutrition. They usually contain added ingredients such as vitamins, minerals, herbs, or other plant-based substances that provide specific therapeutic effects. Lactic acid bacteria beverages are considered functional as they offer several health benefits such as improved gut health, better digestion, and enhanced immune function. This is driving their demand among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Lactic Acid Bacteria Beverage Market Research Report
By Type
Active Lactic Acid Beverage, Inactive Lactic Acid Beverage
By Application
Super market, Retail Stores, Specialty Outlets, Others
By Companies
Asahi Group Holdings, Yakult Honsha, Danone Group, Aoki Technical Laboratory, Lifeway Foods, Henan Jindan Lactic Acid Technology, Galactic, Musashino Chemical, Corbion, Mengniu Dairy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Lactic Acid Bacteria Beverage Market Report Segments:
The global Lactic Acid Bacteria Beverage market is segmented on the basis of:
Types
Active Lactic Acid Beverage, Inactive Lactic Acid Beverage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Super market, Retail Stores, Specialty Outlets, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Asahi Group Holdings
- Yakult Honsha
- Danone Group
- Aoki Technical Laboratory
- Lifeway Foods
- Henan Jindan Lactic Acid Technology
- Galactic
- Musashino Chemical
- Corbion
- Mengniu Dairy
Highlights of The Lactic Acid Bacteria Beverage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active Lactic Acid Beverage
- Inactive Lactic Acid Beverage
- By Application:
- Super market
- Retail Stores
- Specialty Outlets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lactic Acid Bacteria Beverage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lactic acid bacteria beverage is a drink that contains lactic acid bacteria. Lactic acid bacteria are used to produce sour taste and carbonation in the drink.
Some of the key players operating in the lactic acid bacteria beverage market are Asahi Group Holdings, Yakult Honsha, Danone Group, Aoki Technical Laboratory, Lifeway Foods, Henan Jindan Lactic Acid Technology, Galactic, Musashino Chemical, Corbion, Mengniu Dairy.
The lactic acid bacteria beverage market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lactic Acid Bacteria Beverage Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lactic Acid Bacteria Beverage Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lactic Acid Bacteria Beverage Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lactic Acid Bacteria Beverage Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lactic Acid Bacteria Beverage Market Size & Forecast, 2018-2028
4.5.1 Lactic Acid Bacteria Beverage Market Size and Y-o-Y Growth
4.5.2 Lactic Acid Bacteria Beverage Market Absolute $ Opportunity
Chapter 5 Global Lactic Acid Bacteria Beverage Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lactic Acid Bacteria Beverage Market Size Forecast by Type
5.2.1 Active Lactic Acid Beverage
5.2.2 Inactive Lactic Acid Beverage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lactic Acid Bacteria Beverage Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lactic Acid Bacteria Beverage Market Size Forecast by Applications
6.2.1 Super market
6.2.2 Retail Stores
6.2.3 Specialty Outlets
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lactic Acid Bacteria Beverage Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lactic Acid Bacteria Beverage Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lactic Acid Bacteria Beverage Analysis and Forecast
9.1 Introduction
9.2 North America Lactic Acid Bacteria Beverage Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lactic Acid Bacteria Beverage Market Size Forecast by Type
9.6.1 Active Lactic Acid Beverage
9.6.2 Inactive Lactic Acid Beverage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lactic Acid Bacteria Beverage Market Size Forecast by Applications
9.10.1 Super market
9.10.2 Retail Stores
9.10.3 Specialty Outlets
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lactic Acid Bacteria Beverage Analysis and Forecast
10.1 Introduction
10.2 Europe Lactic Acid Bacteria Beverage Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lactic Acid Bacteria Beverage Market Size Forecast by Type
10.6.1 Active Lactic Acid Beverage
10.6.2 Inactive Lactic Acid Beverage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lactic Acid Bacteria Beverage Market Size Forecast by Applications
10.10.1 Super market
10.10.2 Retail Stores
10.10.3 Specialty Outlets
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lactic Acid Bacteria Beverage Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lactic Acid Bacteria Beverage Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lactic Acid Bacteria Beverage Market Size Forecast by Type
11.6.1 Active Lactic Acid Beverage
11.6.2 Inactive Lactic Acid Beverage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lactic Acid Bacteria Beverage Market Size Forecast by Applications
11.10.1 Super market
11.10.2 Retail Stores
11.10.3 Specialty Outlets
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lactic Acid Bacteria Beverage Analysis and Forecast
12.1 Introduction
12.2 Latin America Lactic Acid Bacteria Beverage Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lactic Acid Bacteria Beverage Market Size Forecast by Type
12.6.1 Active Lactic Acid Beverage
12.6.2 Inactive Lactic Acid Beverage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lactic Acid Bacteria Beverage Market Size Forecast by Applications
12.10.1 Super market
12.10.2 Retail Stores
12.10.3 Specialty Outlets
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lactic Acid Bacteria Beverage Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lactic Acid Bacteria Beverage Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lactic Acid Bacteria Beverage Market Size Forecast by Type
13.6.1 Active Lactic Acid Beverage
13.6.2 Inactive Lactic Acid Beverage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lactic Acid Bacteria Beverage Market Size Forecast by Applications
13.10.1 Super market
13.10.2 Retail Stores
13.10.3 Specialty Outlets
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lactic Acid Bacteria Beverage Market: Competitive Dashboard
14.2 Global Lactic Acid Bacteria Beverage Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asahi Group Holdings
14.3.2 Yakult Honsha
14.3.3 Danone Group
14.3.4 Aoki Technical Laboratory
14.3.5 Lifeway Foods
14.3.6 Henan Jindan Lactic Acid Technology
14.3.7 Galactic
14.3.8 Musashino Chemical
14.3.9 Corbion
14.3.10 Mengniu Dairy
