Dairy Based Beverages Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dairy Based Beverages Market Analysis
The global dairy-based beverage market is projected to register a CAGR of 6.1% during the forecast period, 2020-2025.
- The market is mainly driven by the value ofnutrition and functional properties of milk and the rising demand for probiotic drinks by health-conscious consumers.Also, recent launches of formulated functional products with new flavors have further fueled the global market, such as fortification of drinkswith omega 3, collagen, aloe vera, plant sterols, and soy isoflavones. For instance, Morinaga Nutritional Foods Inc. launched a low-fat Japanese-style yogurt drink under its Alove brand in three flavors- original aloe vera, strawberry banana, and coconut in March 2018.
- However, rising demand for non-dairy based drinksand carbonated drinks due to lactose intolerance and other allergies is one of the factors restraining the global market fordairy-based beverages.
Dairy Based Beverages Market Trends
This section covers the major market trends shaping the Dairy Based Beverages Market according to our research experts:
Rising Demand for Drinkable Yogurt
The demand for drinkable yogurt has been witnessed with an increasing trend in the past few years owing to its unique taste and its functional properties over other dairy-based beverages. These drinks provide a rich amount of nutrients, like vitamin D, calcium, potassium, magnesium, and vitamin A. They can, therefore, provide positive nutrition and help reduce nutrition deficiency. Also, the frequent product launches by the leading players such as aloe vera infused yogurt drinks and ragi infused yogurt drinks in the market have further boosted the dairy beverages market.
Asia-Pacific Remains the Fastest Growing Market
North America and Europe hold a major market share in the global dairy beverage market. Asia-Pacific is the fastest-growing market due to growing health concern issues, an increase in disposable income level, increasing number of working women population, and rising population are the key issues that lead to boosting the market. Probiotics, functional dairy and natural colors combined with Asia’s rapidly changing lifestyle and health needs are among the top factors driving industry growth in the region.
Dairy Based Beverages Industry Overview
The global dairy beverage market is fragmented with small and large manufacturers. The market is highly competitive and dominated by major players. The market players in this market compete on the basis of added health benefits, product differentiation, category extension, and innovation in product and application. Some of the major companies operating in the global dietary supplements market are Nestle, Arla Foods amba, Chr Hansen, Danone and Morinaga Nutritional Foods, Inc. among others.
Dairy Based Beverages Market Leaders
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Nestle SA
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Arla Foods amba
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Morinaga Nutritional Foods, Inc.
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Chr Hansen
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Danone Groupe SA
*Disclaimer: Major Players sorted in no particular order
Dairy Based Beverages Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Milk
- 5.1.2 Yogurt
- 5.1.3 Kefir
- 5.1.4 Others
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5.2 By Category
- 5.2.1 Flavoured drink
- 5.2.2 Unflavored drink
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5.3 By Distibution Channel
- 5.3.1 Supermarkets/hypermarkets
- 5.3.2 Convenience stores
- 5.3.3 Specialty Stores
- 5.3.4 Online Channels
- 5.3.5 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.1.4 Rest of North America
- 5.4.2 Europe
- 5.4.2.1 United Kingdom
- 5.4.2.2 Germany
- 5.4.2.3 France
- 5.4.2.4 Russia
- 5.4.2.5 Italy
- 5.4.2.6 Spain
- 5.4.2.7 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 India
- 5.4.3.2 China
- 5.4.3.3 Japan
- 5.4.3.4 Australia
- 5.4.3.5 Rest of Asia-Pacific
- 5.4.4 South America
- 5.4.4.1 Brazil
- 5.4.4.2 Argentina
- 5.4.4.3 Rest of South America
- 5.4.5 Middle East & Africa
- 5.4.5.1 South Africa
- 5.4.5.2 Saudi Arabia
- 5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Most Active Companies
- 6.2 Most Adopted Strategies
- 6.3 Market Share Analysis
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6.4 Company Profiles
- 6.4.1 Nestle SA
- 6.4.2 Arla Foods amba
- 6.4.3 Morinaga Nutritional Foods, Inc.
- 6.4.4 Chr Hansen
- 6.4.5 Danone Groupe SA
- 6.4.6 Chobani, LLC.
- 6.4.7 Pillars
- 6.4.8 Schreiber Foods
- 6.4.9 China Mengniu Dairy Company Limited
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityDairy Based Beverages Industry Segmentation
Theglobal dairy beverage marketis segmented by type, category, and distributionchannels. By type, the dairy beverage market is segmented into milk, yogurt, kefir, and others; and by category, into flavored and unflavored drinks. Bydistributionchannel, the market has been segmented into supermarkets/hypermarkets, convenience stores, specialty stores,online channels, and others.Moreover, the study provides an analysis of the dairy-basedbeverages market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Type | Milk | |
| Yogurt | ||
| Kefir | ||
| Others | ||
| By Category | Flavoured drink | |
| Unflavored drink | ||
| By Distibution Channel | Supermarkets/hypermarkets | |
| Convenience stores | ||
| Specialty Stores | ||
| Online Channels | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| Geography | Europe | United Kingdom |
| Germany | ||
| France | ||
| Russia | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | India |
| China | ||
| Japan | ||
| Australia | ||
| Rest of Asia-Pacific | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East & Africa | South Africa |
| Saudi Arabia | ||
| Rest of Middle East & Africa |
Dairy Based Beverages Market Research FAQs
What is the current Dairy Based Beverages Market size?
The Dairy Based Beverages Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)
Who are the key players in Dairy Based Beverages Market?
Nestle SA, Arla Foods amba, Morinaga Nutritional Foods, Inc., Chr Hansen and Danone Groupe SA are the major companies operating in the Dairy Based Beverages Market.
Which is the fastest growing region in Dairy Based Beverages Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dairy Based Beverages Market?
In 2024, the North America accounts for the largest market share in Dairy Based Beverages Market.
What years does this Dairy Based Beverages Market cover?
The report covers the Dairy Based Beverages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dairy Based Beverages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dairy Beverages Industry Report
Statistics for the 2024 Dairy Beverages market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dairy Beverages analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
