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Dairy Based Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 100 Pages
  • January 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4828323
UP TO OFF until Sep 30th 2023

The global dairy-based beverage market is projected to register a CAGR of 6.1% during the forecast period, 2020-2025.

Key Highlights

  • The market is mainly driven by the value of nutrition 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 drinks with 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 drinks and carbonated drinks due to lactose intolerance and other allergies is one of the factors restraining the global market for dairy-based beverages.

Key Market Trends

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.

Competitive Landscape

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.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
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
5.1 By Type
5.1.1 Milk
5.1.2 Yogurt
5.1.3 Kefir
5.1.4 Others
5.2 By Category
5.2.1 Flavoured drink
5.2.2 Unflavored drink
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
5.4 Geography
5.4.1 North America United States Canada Mexico Rest of North America
5.4.2 Europe United Kingdom Germany France Russia Italy Spain Rest of Europe
5.4.3 Asia-Pacific India China Japan Australia Rest of Asia-Pacific
5.4.4 South America Brazil Argentina Rest of South America
5.4.5 Middle East & Africa South Africa Saudi Arabia Rest of Middle East & Africa
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
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