Dairy-based Beverages Market by Categories (Unflavored Drinks and Flavored Drinks), Types (Yogurt, Milk, Kefir, and Others), and Distribution Channels (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Channels, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global dairy-based beverages market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for probiotic drinks by health-conscious consumers and growing awareness about functional properties of milk products.
Dairy-based beverages offer a naturally nutritious base at time and fulfills desire of healthy drinks. Product such as probiotic shots are made by using flavors, colors, and healthful bacteria. It makes straight milk more complex but with nutritious. Yogurt, buttermilk, powdered milk, and condensed milk are consumed on a daily basis. It is essential source of nutrition and energy. Dairy-based beverages are present in many flavors. Health conscious groups of people are increasingly demanding for dairy-based beverages with adequate amount of cholesterol and fats.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for health-promoting benefits of dairy-based beverages is estimated to propel the market growth.
- New product launch and the addition of more supplements is anticipated to spur the growth of the market.
- Rising young population, rapid urbanization, and high birth rates are expected to contribute to the growth of the market.
- Increasing demand of carbonated drinks can hamper the growth of the market.
- The prevalence of lactose intolerance disease can hinder the market growth.
- Government initiatives to boost the consumption of milk in low- and middle-income countries can create lucrative opportunities for the growth of the market.
Scope of the Report
The report on the global 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.
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Attributes |
Details |
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Report Title |
Dairy-Based Beverages Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Categories (Unflavored Drinks and Flavored Drinks), Types (Yogurt, Milk, Kefir, and Others), and Distribution Channels (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Channels, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Chr. Hansen; Arla Foods; Danone Groupe SA; Nestle; and Morinaga Nutritional Foods, Inc. |
Dairy-Based Beverages Market Segment Insights
Flavored drinks segment is anticipated to constitute a key market share
In terms of categories, the market is divided into unflavored drinks and flavored drinks. The flavored drink segment is expected to constitute a key share of the market during the forecast period due to rising demand for flavored milk along with various types of flavored milk beverages such as mango, chocolates, and vanilla. Growing awareness of adverse impacts of carbonated beverages is inclining the interest of young population toward healthy beverages. Flavored drinks have nutrients such as phosphorus, potassium, riboflavin, protein, niacin, calcium, and vitamins A, D, and B12.
Milk segment is projected to account for a significant market share
Based on types, the dairy-based beverages market is segregated into yogurt, milk, kefir, and others. The milk segment is estimated to grow at a rapid pace due to growing consumer focus toward health and rising disposable income. Additionally, growing awareness of nutritive benefits of healthy ready-to-drink milk beverages among customers is driving the segment growth. Milk beverages hold several necessary nutrients such as calcium, potassium, protein, and vitamin A. Furthermore, increasing hectic routines of employed population with the growing health consciousness is likely to drive the consumption of milk-based beverages.
Asia Pacific is expected to dominate the market
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market in the coming years. Increasing disposable income, rising population, growing health concerns, and continuous increase in number of working women are driving the growth of the market in region.
Segments
The global dairy-based beverages market has been segmented on the basis of:
Categories
- Unflavored Drinks
- Flavored Drinks
Types
- Yogurt
- Milk
- Kefir
- Others
Distribution Channels
- Supermarkets/hypermarkets
- Specialty Stores
- Convenience stores
- Online Channels
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- Chr. Hansen
- Arla Foods
- Danone Groupe SA
- Nestle
- Morinaga Nutritional Foods, Inc.
Competitive Landscape
The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the global dairy-based beverages market are Chr. Hansen; Arla Foods; Danone Groupe SA; Nestle; and Morinaga Nutritional Foods, Inc.
1. Executive Summary
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. Yogurt
5.3.2. Milk
5.3.3. Kefir
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. Yogurt
7.4.2. Milk
7.4.3. Kefir
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. Yogurt
8.4.2. Milk
8.4.3. Kefir
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. Yogurt
9.4.2. Milk
9.4.3. Kefir
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. Yogurt
10.4.2. Milk
10.4.3. Kefir
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. Yogurt
11.4.2. Milk
11.4.3. Kefir
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. Chr. Hansen
12.4.2. Arla Foods
12.4.3. Danone Groupe SA
12.4.4. Nestle
12.4.5. Morinaga Nutritional Foods, Inc.
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. Yogurt
5.3.2. Milk
5.3.3. Kefir
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. Yogurt
7.4.2. Milk
7.4.3. Kefir
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. Yogurt
8.4.2. Milk
8.4.3. Kefir
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. Yogurt
9.4.2. Milk
9.4.3. Kefir
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. Yogurt
10.4.2. Milk
10.4.3. Kefir
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. Yogurt
11.4.2. Milk
11.4.3. Kefir
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. Chr. Hansen
12.4.2. Arla Foods
12.4.3. Danone Groupe SA
12.4.4. Nestle
12.4.5. Morinaga Nutritional Foods, Inc.
The global dairy-based beverages market has been segmented on the basis of:
Categories
- Unflavored Drinks
- Flavored Drinks
Types
- Yogurt
- Milk
- Kefir
- Others
Distribution Channels
- Supermarkets/hypermarkets
- Specialty Stores
- Convenience stores
- Online Channels
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key players
- Chr. Hansen
- Arla Foods
- Danone Groupe SA
- Nestle
- Morinaga Nutritional Foods, Inc.
The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the global dairy-based beverages market are Chr. Hansen; Arla Foods; Danone Groupe SA; Nestle; and Morinaga Nutritional Foods, Inc.
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