Dairy-Based Beverages Market
Dairy-Based Beverages Market by Yogurt, Buttermilk, Flavored Milk, and Raw Milk from 2023 to 2033
Analysis of Dairy Based Beverages Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Dairy-Based Beverages Market Outlook (2023 to 2033)
Dairy products contain nutrients and fats that are linked to disorders like cardiovascular disease, bone health, and other illnesses. The formation of strong bones requires nutrients like calcium, vitamin D, and phosphorus, and dairy products with high potassium content can help decrease blood pressure.
Nowadays, whey-based drinks and yogurts are preferred by consumers, the reason being their nutritional quantity and contain less amount of fat. Dairy-based beverages are useful in bakeries, confectionaries, and dairy product manufacturing, increasing their overall consumption.
The milk segment is anticipated to cross a valuation of USD 331.80 billion by end of this year 2023. The market is further likely to grow with a CAGR of 6% in the duration of 2023-2027. The average volume of milk consumption is expected to account 30.3Kg per person in 2023.
Dairy Beverages Market is expecting more inclusions of key manufacturers as per the increasing demand for nutritional and healthy intake by consumers. The Leading players in dairy-based beverage industries are finding more effective packaging solutions to increase their growth in various regions such as Asia Pacific, North America, and Europe.
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What drives demand for dairy products?
Health-conscious customers prefer dairy-based beverages with a limited amount of fats and cholesterol, which are also available in a wide range of products. In this era, dairy-based beverages are available in a wide variety of flavors, packets, and other supplements which are beneficial for health as well as cost-effective.
Hence, an increase in consumer awareness is boosting the new product launch and the addition of more supplements to dairy products. Dairy-based beverages, when consumed in an appropriate amount, maintain calcium, vitamin, protein, and other nutrients in the body.
High-quality protein can be found in milk and dairy products. Because it has a strong satiating effect and helps to avoid excessive energy consumption, protein is crucial for weight loss and subsequent weight maintenance because it lowers body fat reserves.
What are deterrents for the market growth?
Consumers prefer non-dairy-based beverages with a minimal amount of fats and carbohydrates. Some nutritious alternative for dairy-based beverages is significantly replacing dairy products as they contain a large amount of cholesterol. Soy milk and its products are also an alternative to dairy beverages, hampering its growth. Contamination of dairy-based beverages is very easy through bacteria from animals, utensils used, and insects.
This is a critical factor that could hinder the market, but the preservation of dairy products is also achieved by cooling, fermentation, and heating among various other methods. Dairy-based beverages have new options available for their market reach even though many manufacturers are focusing on creating new products frequently.
The leading key players are involved in marketing and providing on-the-door services since the feasibility of using dairy beverages is increasing, and consumers find it more appealing. The strategies used by manufacturers are enhancing the dairy-based beverages market at a global level.
Sterilized milk is also available, has the longest shelf life and a cream layer does not form due to its processing which is homogenization (breaks up the oil drops in milk). The improvisations and additives in milk are enhancing the global market. The market is expected to witness high growth in the upcoming years as per the increasing demand for flavoured milk, especially by small age groups.
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What are trends likely to transform the Dairy sector in the forecast period?
“Innovation continues to prioritize functionality, with new frontiers focusing on need states.”
Due to the growing number of people trying to supplement their diets with immune-boosting nutrients and promote gut health, consumers are becoming more interested in fortified dairy products and alternatives with functional claims. Simultaneously, consumers are becoming more drawn to functional goods designed to relieve tension, promote sleep, and lift their spirits as they deal with persistent uncertainty, stress, and anxiety.
Botanicals are one of the most often used functional components in the rapid innovation occurring in the need states market. A new range of yogurt substitutes with bright botanical extracts was introduced by Danone North America-owned company So Delicious Dairy Free in 2022 to make it simpler to enjoy thoughtful micro-breaks throughout the day.
“The dairy industry's long-term strategies continue to prioritize sustainability.”
The perceptions of dairy products and alternatives are changing due to environmental worries about the future of the world. Players in the dairy ingredients and products industries are always seeking to increase their reputations for long-term sustainability, from addressing carbon neutrality to food waste. For instance, by monitoring, lowering, and offsetting its carbon footprint, the milk firm Neutral claims to be the first food company in the US to achieve carbon neutrality.
Regional Insights
The regions with more population are expected to experience more demand in the upcoming years, as consumption is increasing, such as the Asia Pacific. The North American dairy-based beverages market is expected to have significant growth as per the increasing consumer demand for nutritious food. Dairy-based beverages, due to increasing awareness among consumers regarding health, expect high consumption rates.
The European Union countries accounted for a major share in terms of exports of dairy products in the year 2021. The USA accounted for the second-highest exports after Europe followed by India and China. Asian countries like India and China owe a significant share in terms of the production of dairy beverages due to high demand from the population.
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Competitive Landscape
The global dairy sector is highly competitive due to major local and international brands’ presence. The level of competition, production shares, the yearly average compound growth rate of milk production, the cost of milk production, and trends in the level of competition in milk production have all been looked at in the global milk market. The industrialized world has the highest cost of milk producers due to relatively high milk prices and direct government backing.
India mostly uses a smallholder production strategy for its dairy farming. Indian farmers often have a herd of two to three dairy species (cows and buffalo). More than 40% of agricultural households in India produce milk since it is a livestock business they can start up relatively easily to increase their income. India's dairy industry is expanding at a demand-driven, inclusive, and poor-friendly rate.
Large, specialized commercial farms are the norm for dairy farms in Europe. The milk producers' organizations make use of their collective bargaining strength, and contracts and business connections in the supply chain are highly developed. In India, the production, processing, and distribution of milk are still dominated by the unorganized sector. Dairy markets are typically fragmented, traditional, and unorganized. Manufacturers are likely to have opportunities in developing regions for organized dairy sector growth in the forecast period.
Segmentation
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By Product Type :
- Yogurt
- Buttermilk
- Flavored milk
- Smoothies
- Shakes
- Raw milk
- Whey
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By Packaging Type :
- Can
- Pouch
- Bottle
- Cup
- Tetra pack
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By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. Packaging Type 7. Global Market Analysis and Forecast, By Product Type 7.1. Yogurt 7.2. Buttermilk 7.3. Flavored milk 7.4. Raw milk 7.5. Whey 8. Global Market Analysis and Forecast, By Packaging Type 8.1. Can 8.2. Pouch 8.3. Bottle 8.4. Cup 8.5. Tetra pack 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific 9.6. East Asia 9.7. MEA 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. MEA Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Product Type and Packaging Type for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Nestlé S.A. 19.2. Danone S.A. 19.3. Arla Foods 19.4. Fonterra Co-operative Group Limited 19.5. The Coca-Cola Company (Fairlife) 19.6. PepsiCo, Inc. (Quaker Oats) 19.7. Dean Foods 19.8. Yili Group 19.9. Lactalis Group 19.10. Amul (Gujarat Cooperative Milk Marketing Federation)
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List Of Table
Table 1: Global Market US$ Bn Forecast by Region
Table 2: Global Market US$ Bn Forecast by Product Type
Table 3: Global Market US$ Bn Forecast by Packaging Type
Table 4: North America Market US$ Bn Forecast by Country
Table 5: North America Market US$ Bn Forecast by Product Type
Table 6: North America Market US$ Bn Forecast by Packaging Type
Table 7: Latin America Market US$ Bn Forecast by Country
Table 8: Latin America Market US$ Bn Forecast by Product Type
Table 9: Latin America Market US$ Bn Forecast by Packaging Type
Table 10: Western Europe Market US$ Bn Forecast by Country
Table 11: Western Europe Market US$ Bn Forecast by Product Type
Table 12: Western Europe Market US$ Bn Forecast by Packaging Type
Table 13: Eastern Europe Market US$ Bn Forecast by Country
Table 14: Eastern Europe Market US$ Bn Forecast by Product Type
Table 15: Eastern Europe Market US$ Bn Forecast by Packaging Type
Table 16: Asia Pacific Market US$ Bn Forecast by Country
Table 17: Asia Pacific Market US$ Bn Forecast by Product Type
Table 18: Asia Pacific Market US$ Bn Forecast by Packaging Type
Table 19: East Asia Market US$ Bn Forecast by Country
Table 20: East Asia Market US$ Bn Forecast by Product Type
Table 21: East Asia Market US$ Bn Forecast by Packaging Type
Table 22: MEA Market US$ Bn Forecast by Country
Table 23: MEA Market US$ Bn Forecast by Product Type
Table 24: MEA Market US$ Bn Forecast by Packaging Type
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Packaging Type
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Bn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the market size of this sector?
The current valuation of the market is US$ 54 billion.
Which factors can drive lucrative business opportunities in the global market?
Increasing preference for dairy-based beverages by health-conscious people due to limited amounts of cholesterol and fat is further estimated to generate growth opportunities in the market.
Where will manufacturers likely gain opportunities?
Manufacturers are likely to find opportunities in developing countries.
What is the anticipated valuation for the milk segment?
The milk segment is anticipated to cross a valuation of USD 331.80 billion by end of this year 2023.
Dairy-Based Beverages Market