Europe Dairy Based Beverages Market by Types (Kefir, Yogurt, Milk, and Others), Categories (Unflavored Drink and Flavored Drink), Distribution Channels (Online Channels, Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Others), and Geography (the UK, Germany, Italy, France, the Netherlands, Spain, and Rest of Europe) - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The Europe Dairy Based Beverages Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 4.85% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing consumer demand for convenient and healthy dairy products.
A beverage can be defined as a nourishing pleasant drink. The beverages can be either alcoholic or non-alcoholic. Most of the diary based beverages are non-alcoholic although some of the fermented beverages may contain minimal quantity of carbon dioxide or alcohol. Milk beverages are generally produced from milk byproducts such as skim milk and buttermilk. The byproducts of milk are rich in valuable milk solids due to which greater emphasis is being given to the economic utilization of dairy industry.
The dairy based beverages broadly include flavored drinks and unflavored drinks. The popular flavored drinks include chocolate milk, coffee milk, horlicks, malted milk, milkshake, and nesquik. Milk beverage contains low cholesterol and saturated fats. Dairy based drinks are added with nutritive components such as calcium, omega 3, fiber, and protein. Fortification of milk beverages with vitamins and minerals enhance their nutritional value compared to other beverages. The increasing medical cost and rising health awareness is accelerating people to adopt preventive measures and maintain good health. Therefore, the growing trend of fitness and awareness regarding quality food products are accelerating the production and sales of dairy based beverages.
Market Trends, Drivers, Restraints and Opportunities
-
Growing consumer interest for immunity-enhancing beverages, protein shakes, and energy drinks is the major factor propelling the market expansion during the projected period.
-
Rising trend of healthy lifestyle, increasing the disposable income of the consumers, and growing health awareness are estimated to contribute to the market expansion during the forecast period.
-
High nutritional value of dairy based products is estimated to positively influence the market growth in the coming years.
-
Rising demand for non-dairy based drinks due to lactose intolerance and some other allergies is expected to hamper the market growth during the forecast period.
-
Increasing industrial investments for manufacturing of vitamins and minerals enriched beverages is expected to create numerous opportunities for the market growth in the coming years.
Scope of the Report
The report on the Europe dairy based beverages market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Europe Dairy Based Beverages Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Types (Kefir, Yogurt, Milk, and Others), Categories (Unflavored Drink and Flavored Drink), and Distribution Channels (Online Channels, Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Others) |
Geographical Scope |
The UK, Germany, Italy, France, the Netherlands, Spain, and Rest of Europe |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Danone Groupe SA; FrieslandCampina.; Nestle SA; and SODIAAL |
Europe Dairy Based Beverages Market Segment Insights
Milk segment is projected to expand at a robust CAGR
Based on types, the market is segregated into kefir, yogurt, milk, and others. The milk segment is projected to expand at a robust CAGR during the forecast period owing to the increasing awareness about nutritional and functional properties of milk and rising demand for probiotic drinks by health-conscious consumers. Milk beverages contain reduced cholesterol and saturated fats. The increasing fortification of milk beverages with nutritive components such as omega 3, magnesium, calcium, antioxidants, fiber, and proteins is expected to encourage the growth of the market segment. However, the yoghurt segment is anticipated to hold a significant market share during the forecast period due to the increasing industrial investments for the production of low-fat yogurt drink.
Flavored drink segment is expected to expand at a significant pace
On the basis of categories, the market is segmented into unflavored drink and flavored drink. The flavored drink segment is expected to expand at a significant pace during the projected period due to increasing technological advancements for flavor processing, the rising consumers demand for clean-label organic products, and growing demand for variety of flavored drinks. Moreover, the increasing fortification of products and availability of multiple flavors is expected to aid in the growth of the market segment in the coming years. On the other hand, the unflavored drink segment is anticipated to exhibit a substantial growth during the forecast period owing to increasing new product launches to meet the demand for unflavored beverages.
Supermarkets/Hypermarkets segment is projected to hold a major market share
Based on distribution channels, the market is divided into online channels, supermarkets/hypermarkets, specialty stores, convenience stores, and others. The supermarkets/hypermarkets segment is projected to hold a major market share during the forecast period owing to the rising middle-class population, increasing disposable income, and growing demand for processed foods. Furthermore, the customers are shifting from daily shopping to weekly or monthly shopping due to increased store capacity and consequent increasing sales of supermarkets/hypermarket is estimated to fuel the growth of the market in the coming years. However, the convenience stores segment is anticipated to exhibit a substantial growth during the projected period owing to added value services such as pre-paid electricity, in-house food brands, airtime, quick and healthy food on the run, and home delivery services for daily essentials.
Germany market is anticipated to constitute a key market share
In terms of geography, the market is classified as the UK, Germany, Italy, France, the Netherlands, Spain, and Rest of Europe. Germany market is anticipated to constitute a key share of the market during the projected period owing to the growing health awareness, increasing demand for health and wellness products. Moreover, the rising domestic demand for beverages made from milk and yoghurt is expected to boost the market growth in the coming years. However, the France market is anticipated to exhibit a robust CAGR during the forecast period due to growing demand for dairy products including organic yogurt, ice cream, cheese, probiotic dairy products, and flavored milk owing to its high nutritional values.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dairy Based Beverages Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dairy Based Beverages Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dairy Based Beverages Market - Supply Chain
4.5. Global Dairy Based Beverages Market Forecast
4.5.1. Dairy Based Beverages Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dairy Based Beverages Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Dairy Based Beverages Market Absolute $ Opportunity
5. Global Dairy Based Beverages Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Dairy Based Beverages Market Size and Volume Forecast by Types
5.3.1. Kefir
5.3.2. Yogurt
5.3.3. Milk
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Dairy Based Beverages Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Dairy Based Beverages Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Dairy Based Beverages Demand Share Forecast, 2019-2026
7. North America Dairy Based Beverages Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Dairy Based Beverages Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Dairy Based Beverages Market Size and Volume Forecast by Types
7.4.1. Kefir
7.4.2. Yogurt
7.4.3. Milk
7.4.4. Others
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Dairy Based Beverages Demand Share Forecast, 2019-2026
8. Latin America Dairy Based Beverages Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Dairy Based Beverages Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Dairy Based Beverages Market Size and Volume Forecast by Types
8.4.1. Kefir
8.4.2. Yogurt
8.4.3. Milk
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Dairy Based Beverages Demand Share Forecast, 2019-2026
9. Europe Dairy Based Beverages Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Dairy Based Beverages Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Dairy Based Beverages Market Size and Volume Forecast by Types
9.4.1. Kefir
9.4.2. Yogurt
9.4.3. Milk
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Dairy Based Beverages Demand Share Forecast, 2019-2026
10. Asia Pacific Dairy Based Beverages Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Dairy Based Beverages Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Dairy Based Beverages Market Size and Volume Forecast by Types
10.4.1. Kefir
10.4.2. Yogurt
10.4.3. Milk
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Dairy Based Beverages Demand Share Forecast, 2019-2026
11. Middle East & Africa Dairy Based Beverages Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Dairy Based Beverages Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Dairy Based Beverages Market Size and Volume Forecast by Types
11.4.1. Kefir
11.4.2. Yogurt
11.4.3. Milk
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Dairy Based Beverages Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Dairy Based Beverages Market: Market Share Analysis
12.2. Dairy Based Beverages Distributors and Customers
12.3. Dairy Based Beverages Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Danone Groupe SA
12.4.2. FrieslandCampina.
12.4.3. Nestle SA
12.4.4. SODIAAL