Dairy Beverages Market Research Report - Global Forecast till 2027

Global Dairy Beverages Market Research Report: Information by Type [Milk (Flavored Milk and Plain Milk), Buttermilk, Kefir and others], Packaging Type [Cartons, Bottles, Cans and others], Distribution Channel [Store-Based (Hypermarkets and Supermarkets, Convenience Stores and others) and Non-Store-Based] and Region [North America, Europe, Asia-Pacific and Rest of the World] - Forecast till 2027

ID: MRFR/F-B & N/6476-HCR | February 2021 | Region: Global | 90 pages

Market Scenario


Global Dairy Beverages Market is expected to register a growth rate of 5.50% during the forecast period. The market is expected to garner a value of approximately USD 106.85 Bn by the end of 2027. Dairy beverages are versatile and consumed as convenient and healthy drinks as they consist of various nutritive components including calcium, magnesium, antioxidants, omega 3, fiber, protein, and phytosterol. The increasing consumer preference for dairy drinks such as ready-to-drink milkshakes, kefir, ready-to-drink milk-based beverages, and buttermilk is driving the growth of the global dairy beverages market. However, the increasing prevalence of lactose intolerance and the availability of dairy alternatives are restraining the demand for dairy based beverages.


Prominent players in the market are focusing on innovations in common dairy products and geographic expansion as key strategies to gain a competitive edge. Due to the high demand for ready-to-drink dairy beverages across the globe, small-scale players are also trying to adopt these strategies to expand their businesses. These players are investing in manufacturing facilities in domestic as well as international markets to introduce new and innovative products. These factors are expected to offer profitable opportunities to market players in the coming years.


Segmentation


The global dairy beverages market has been segmented based on type, packaging type, distribution channel, and region.


By type, the global dairy beverages industry has been classified as milk, buttermilk, kefir, and others. The milk segment has further been divided into flavored milk and plain milk. The milk segment is expected to hold the majority market share while the kefir segment is projected to register the highest CAGR during the review period.


On the basis of packaging type, the global dairy beverages industry has been segregated into cartons, bottles, cans, and others. The cartons segment is expected to be the largest and fastest-growing during the review period.


The global dairy beverages industry has been categorized, on the basis of distribution channel, as store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others. The store-based segment is expected to account for the larger revenue share of the market. However, the non-store-based segment is expected to exhibit the higher growth rate of 2019 to 2024.


The global dairy beverages market has been studied for four regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American dairy beverages industry has further been segmented into the US, Canada, and Mexico. The European dairy beverages industry has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe. The dairy beverages market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The dairy beverages industry in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players


Arla Foods amba (Denmark), Britannia Industries Limited (India), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Mother Dairy Fruit & Vegetable Pvt Ltd (India), Lactalis Group (France), Parag Milk Foods Ltd (India), Borden, Inc. (US), ITC Limited (India), Organic Valley (US), Freedom Foods Group Limited (Australia), Nestlé SA (Switzerland), Grupo Leche Pascual SA (Spain), The Whitewave Foods Company (US), Dean Foods Company (US), and The Kefir Company (New Zealand) are some of the key players in the global dairy beverages market.


Regional Market Summary


Global Dairy Beverages Market Share (%), by Region, 2019  Dairy Beverages Market_Image


Source: Secondary Sources and MRFR Analysis


North America is expected to account for the largest revenue share of the global dairy beverages market during the research period due to the increasing consumption of probiotic beverages for better health in the region. However, the dairy beverages market in Asia-Pacific is expected to register the highest CAGR during the forecast period due to increasing awareness about the benefits of consumption of dairy beverages. Moreover, the launch of innovative flavors of dairy drinks in the region is boosting the growth of the dairy based beverages market.


Global Dairy Beverages Market, by Type



  • Milk


    • Flavored Milk

    • Plain Milk


  • Buttermilk

  • Kefir

  • Others


Global Dairy Beverages Market, by Packaging Type



  • Cartons

  • Bottles

  • Cans

  • Others


Global Dairy Beverages Market, by Distribution Channel



  • Store-Based


    • Supermarkets and Hypermarkets

    • Convenience Stores

    • Others


  • Non-Store-Based


Global Dairy Beverages Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Dairy beverages producers/processors

  • Food & beverage manufacturers

  • Food retail outlets

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 106.85 Bn
  CAGR   5.50%(2019-2027)
  Base Year   2018
  Forecast Period   2027
  Historical Data   2017-2018
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Packaging Type, Distribution Channel, And Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Arla Foods amba (Denmark), Britannia Industries Limited (India), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Mother Dairy Fruit & Vegetable Pvt Ltd (India), Lactalis Group (France), Parag Milk Foods Ltd (India), Borden, Inc. (US), ITC Limited (India), Organic Valley (US), Freedom Foods Group Limited (Australia), Nestlé SA (Switzerland), Grupo Leche Pascual SA (Spain), The Whitewave Foods Company (US), Dean Foods Company (US), and The Kefir Company (New Zealand)
  Key Market Opportunities   Prominent players in the Dairy Beverages Market are focusing on innovations in common dairy products and geographic expansion as key strategies to gain a competitive edge.
  Key Market Drivers   Increasing prevalence of lactose intolerance and the availability of dairy alternatives are restraining the demand for dairy based beverages.


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