South America Dairy Based Beverages Market

The South America dairy based beverages market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to changing lifestyle and inclination toward healthier and nutritional products.

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Dairy based beverages are prepared from products that are manufactured through organic farming techniques. The dairy based beverages market is projected to grow rapidly as there are unique advantages attributed to them such as being free from any additives, chemicals, and pesticides. Dairy products provide the required to perform essential functions in the body.

The beverages are considered to be healthier in comparison to inorganic products. Dairy based probiotic beverages can prevent diseases associated with human digestive system through its beneficial effect on gut micro biota of humans. Bioactive or functional components such as Omega-3 fatty acids, phytosterols, isoflavones, conjugated linoleic acid, and dietary fibers are associated with reduced risk of cardiovascular diseases and certain types of cancer.

Dairy based beverages organizations across the world, from bistro and café proprietors to huge food makers and retailers, were negatively impacted due to COVID-19 pandemic. Social disengagement, self-separation, and confinement of the cities have constrained numerous offices to be shut in nations in Asia, the US, Europe, and the remainder of the world. Under colossal strain from customers who stock items, void racks became the new normal in grocery stores and grocery store chains.

Markets, Drivers, Restraints and Opportunity

• Growing research activities coupled with new product launches is estimated to drive the market growth.
• Rising purchasing power and increasing inclination toward healthy products are key factors that can positively influence the market growth during the forecast period.
• Rising awareness for a low-salt, low-fat, and low-carb diet is likewise a vital driver for the expansion of the market.
• Growing incidence of lactose intolerance and substitute availability can hamper the market growth.
• The developing interest for acid controllers in the beverage business, primarily in seasoned water, energy, and carbonated drinks can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the South America 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.

South America Dairy Based Beverages Market Segment Insights

Milk segment is expected to grow at a rapid pace

Based on types, the market is segregated into milk, yogurt, kefir, and others. The milk segment is anticipated to hold a key share of the market in the coming years due to rising demand for the products that are highly nutritious and offers protein and calcium. Moreover, rising milk consumption reduces the risk of osteoporosis among the elderly, which is increasing demand for milk products.

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Flavoured drink segment is projected to expand at a considerable CAGR

On the basis of categories, the South America dairy based beverages market is segregated into flavoured drink and unflavored drink. The flavored drink segment is projected to expand at a considerable CAGR during the forecast period. The flavoured drink segment is driven by the enhanced dairy drinks owing to huge preference among children.

Young population are buying premium items owing to health benefits, and they are inclining themselves toward low-calorie beverages products the increase in consumption of probiotics drinks by the health-conscious consumers have also contributed in its market growth. On the other hand, the unflavored segment is anticipated to account for a major market share during the forecast period due to rising demand for soft drinks and RTD beverages.

Online channels segment is projected to expand at a considerable CAGR

On the basis of distribution channels, the market is classified supermarkets/hypermarkets, convenience stores, and specialty stores, online channels, and others. The online channels segment is projected to expand at a considerable CAGR during the forecast period. Online channels attributes to ease of shopping from a remote location. An online channels provides advantages such as automated software up gradations, remote accessibility, easy scalability, disaster recovery, and storage flexibility.

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Segments

Segments Covered in the Report

The South America dairy based beverages market has been segmented on the basis of

Types

• Milk
• Yogurt
• Kefir
• Others

Category

• Flavored Drink
• Unflavored Drink

Distibution Channels

• Supermarkets/hypermarkets
• Convenience stores
• Specialty Stores
• Online Channels
• Others

Country

• South America

Key Market Players

• Danone Groupe SA
• Nestle SA
• Lactalis International
• FrieslandCampina

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 South America dairy based beverages market are Danone Groupe SA; Nestle SA; Lactalis International; and FrieslandCampina.

In April 2019, GCMMF Ltd's. Brand, Amul sent off a milk-based drink called 'haldi doodh' to help the insusceptibility owing to calming properties. The item is reasonable and effectively open resistance supporter refreshment accessible in simple open-end jars.

In May 2019, Coca-Cola and Fonterra, a dairy major partnered in an essential coalition to send off newNutriboost UHT milk range in Vietnam that involves three primary variations Nutriboost Kids, Nutriboost To-Go, and Nutriboost Beauty