Dairy Beverages Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2027


 Dairy drinks or beverages are healthy drinks containing several nutrients such as phytosterol, protein, magnesium, calcium, fiber, omega 3, and antioxidants. It has sufficient amounts of fats and proteins with people consuming it for post-workouts and on-the-go. The global dairy beverages market report by Market Research Future (MRFR) contains pertinent trends, opportunities, and challenges for the period between 2020 and 2027 (forecast period).

Market Scope

The global dairy beverages market is set to reach a value of USD 106.85 Billion by 2027. With the need for beverages to serve as meal replacement meals for post-gym session, the market is expected to capitalize on this trend. Introduction of new flavors as well as preference of yogurt and whey drinks are likely to drive the market demand exponentially. High demand for ready-to-drink (RTD) beverages and launch of new concoctions can bode well for the market.

Availability of beverages in a plethora of flavors, packages, and sizes can create differentiation among products and reduce cannibalization within the market. Rising awareness levels of consumers from social media and addition of additives to the regular mix for enhancing health benefits of these drinks can drive the global dairy beverages market growth. Investments in manufacturing facilities for expanding to more regions is one of the foremost strategies of top players in the dairy beverages industry.

But increasing cases of lactose intolerance and dairy alternative drinks can pose a challenge to the market.

According to the MRFR reports, the global Dairy Beverages Market Size is likely to attain a over USD 106.85 Billion by the end of 2027 while flourishing at a healthy CAGR of over 5.50% during the forecasted era.

Segmentation

The global dairy beverages market has been segmented by type, packaging type, and distribution channel.

Based on type, it is categorized into kefir, buttermilk, milk, and others. Milk is further divided into plain and flavored milk. Among them, milk is expected to hold a majority of the market due to benefits of milk and other supplementary ingredients. On the other hand, the kefir segment can register a remarkable growth rate due to inclination towards consumption of probiotics.

Based on packaging type, it is segmented into cans, bottles, cartons, and others.

By distribution channel, the global market has been categorized into store-based and non-store-based. The store-based segment is expected to be the dominant channel for dispersing the products to customers. This can be attributed to consumer tendency to shop at neighborhood stores. However, the non-store based segment can register a phenomenal growth rate owing to brands partnering with ecommerce stores to sell their goods.

Regional Analysis

The global Dairy Beverages Market Overview reports regions of prime importance, namely Europe, Asia Pacific (APAC), North America, and the Rest-of-the-World (RoW).

North America is projected to dominate the global market by being the lead contributor owing to presence of various brands having a large presence in the region. High nutritive value of dairy and RTD beverages by consumers as well as efforts by manufacturers to take the green initiative by offering products in recyclable containers can bode well for the market till 2027.

Competitive Outlook

ITC Limited, Lactalis Group, Arla Foods amba, Britannia Industries Limited, Parag Milk Foods Ltd, Gujarat Cooperative Milk Marketing Federation Ltd., Nestlé SA, Organic Valley, The Whitewave Foods Company, Borden, Inc., Mother Dairy Fruit & Vegetable Pvt Ltd, Grupo Leche Pascual SA, The Kefir Company, Freedom Foods Group Limited, and Dean Foods Company are prominent players working in the global dairy beverages market.

The main strategy of these players would be in rebranding the drinks in consumer minds as a necessity instead of a casual drink. Capturing other demographics other than health enthusiasts can lead to additional customer demographics and reduce the image of one-milk-fits-all ideology.

Industry Update

Pick-me-up drinks are a necessity in time-consuming schedules of consumers. Keeping this in mind, Dannon Co., has launched a line of caffeinated dairy beverages under its Oikos brand. It has four new flavors and partnered with Walmart for the line to gain additional exposure and a larger base of customers.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Organic Spices Market Overview, Size, Competitive Landscape, Revenue Analysis 2030

Image
  Market Overview The organic spices market is expected to experience a CAGR of 6.7% during the forecast period (2023-2030), increasing from USD 0.9 billion to USD 1.3 billion. The rise in several health-conscious consumers and the increase in awareness regarding the health benefits associated with the consumption of organic spices are the two main factors driving the global organic food & beverages market. North America and Europe are the dominant regions in consuming different types of organic food products. It is attributable to a rise in per-capita income and continuous product evolution from the manufacturers’ side in these regions. Furthermore, some food manufacturers have focused on availing their food products in organic form due to the rise in preferences for organic products.   They are available in different forms as per consumer preferences, i.e., powder, granular, and liquid, further expected to drive the Organic Spices Market Overview . Some non-p...
Read more

Catalyst Fertilizer Market Size, Product Launch, Major Companies, Revenue Analysis, Till 2030

Image
  Catalysts are vital in industrial production, constituting 60% of consumer and industrial products. They enhance chemical processes, boosting efficiency, output, and cost savings. Catalyst development focuses on improving activity, reducing environmental impact, and increasing longevity. The global catalyst fertilizer market is expected to reach $2.8 billion by 2023, growing at a CAGR of 2.56%. Fertilizer catalysts improve plant performance and efficiency while reducing emissions from production. The demand for fertilizer catalysts is rising due to increased production of ammonium and phosphate fertilizers, and innovation in ammonia production to reduce emissions. Market Dynamics MRFR (Market Research Future) claims that the Catalyst Fertilizer Market Size 2020 can accrue a strong valuation of 2,994.38 MILLION by 2030. MRFR’s extensive study also reveals that the market can expand t to burgeon at a rate of 3.2% from 2022 to 2030 (analysis period). We will provide COVID-19 i...
Read more

Fruit and Vegetable Processing Enzymes Market Size, Revenue, Key Players, Growth, Share and Forecast Till 2030

Image
  Market Analysis The market value of Fruit and Vegetable Processing Enzymes is expected to reach USD 75.69 billion by 2030, with a notable growth rate of 7.65% between 2022 and 2030. The global fruit and vegetable enzymes market is predicted to have an impressive growth over the estimated years (2022-2030). Enzymes are a crucial part of fruit & vegetable processing. It helps to increase yield, intensify juice color, shorten production times, clarify fruit juice and firm up fruit. Besides, it also helps in retaining the nutritional value and good flavor, boost the consistency and color of fruit applications, extend shelf life and reduce the danger of microbial spoilage. The extensive utilization of enzymes that are vegetable and fruit derived, found in the powdered or liquid form are used in diverse industries namely dietary supplements, pharmaceuticals, food and beverages and more. It has gained immense popularity amid manufacturers of diverse processed vegetables and frui...
Read more