Market Size of Dairy Based Beverages Industry
| 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 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 | |||||||||
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Dairy Based Beverages Market Size Summary
The dairy beverages market is experiencing significant growth, driven by the nutritional and functional benefits of milk, alongside a rising demand for probiotic drinks among health-conscious consumers. The introduction of innovative products with new flavors and added health benefits, such as omega-3, collagen, and plant sterols, has further propelled market expansion. Despite this growth, the market faces challenges from the increasing popularity of non-dairy and carbonated drinks, particularly due to lactose intolerance and other allergies. Drinkable yogurt has gained traction for its unique taste and nutritional advantages, contributing to the market's positive trajectory.
Regionally, North America and Europe dominate the global dairy beverage market, while Asia-Pacific is the fastest-growing area, driven by health concerns, rising disposable incomes, and a growing working women population. The market is characterized by intense competition among both small and large manufacturers, with major players like Nestle, Arla Foods, and Danone leading the charge through product differentiation and innovation. The fragmented nature of the market, combined with the rapid lifestyle changes and health needs in Asia, continues to fuel industry growth.
Dairy Based Beverages Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Milk
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2.1.2 Yogurt
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2.1.3 Kefir
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2.1.4 Others
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2.2 By Category
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2.2.1 Flavoured drink
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2.2.2 Unflavored drink
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2.3 By Distibution Channel
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2.3.1 Supermarkets/hypermarkets
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2.3.2 Convenience stores
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2.3.3 Specialty Stores
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2.3.4 Online Channels
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2.3.5 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 United Kingdom
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2.4.2.2 Germany
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Italy
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2.4.2.6 Spain
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 South Africa
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle East & Africa
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Dairy Based Beverages Market Size 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.
