Global Dairy Drinks And Beverages Market - Forecast(2023 - 2028)
Global Dairy Drinks and Beverages Market Overview
Global Dairy Drinks and Beverages Market Report Coverage
The report: “Global Dairy Drinks and Beverages
Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis
of the following segments of the Global Dairy Drinks and Beverages Market.
By Source- Organic and Conventional.
By Type- Dairy Drinks and Dairy Beverages.
By Distribution Channel- Offline Retail and Online
Retail.
By Geography- North America (U.S., Canada, and
Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of
Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New
Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest
of South America) and Rest of World (the Middle East and Africa).
Key Takeaways
- Geographically, Europe’s dairy drinks and beverages market held a dominant market share in the year 2021. It is owing to a robust consumption pattern being observed in the majority of the European countries. Additionally, the overall demand is supplemented by a high yield in milk production. However, Asia-Pacific is expected to offer lucrative growth opportunities over the forecast period of 2022-2027. It is owing to the projected period owing to a substantial increment in the knowledge base pertaining to health-conscious food, without leaving dairy as a whole.
- Product enhancements by various marketers in the projected market supplemented by stable demand from developing countries have been a driving factor for the market. However, the growth in plant-based milk and beverages have hampered the overall market growth.
- A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Dairy Drinks and Beverages Market Report.
Global Dairy Drinks and Beverages Market- Geography (%) for 2021.
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Global Dairy Drinks and Beverages Market Segmentation Analysis- By Type
The global dairy drinks and beverages market based on type
can be further segmented into Dairy Drinks and Dairy Beverages. Dairy Drinks
held a dominant market share in the year 2021. Dairy Drinks include whole
milk, skim milk, no fat milk, and other regional forms of drinks such as
buttercream and others. The sale of whole milk has been increasing owing to
better cow yield and subsidy options from the likes of developing countries such
as India. Additionally, the production output from the U.S. stood at 2.23 million
lbs in 2020. Furthermore, drink adoption in various flavors has allowed for
the segment to hold a dominant position along with cultural backings and health
associations. However, Dairy Beverages are estimated to be the fastest-growing,
with a CAGR of 6.4% over the forecast period of 2022-2027. Dairy Beverages are
mostly by-products of milk such as cheese, milk powder, butter, milk powders,
and others. One of the predominant reasons for the same is that YoY change for
cheese, butter, and other dairy products is comparatively lower than fluid
milk. For example, as per USDA publication, fluid milk YoY consumption price index
change is 5.5 as against butter which stands low at 0.8 while other forms of
dairy products hold a 4.4% value. Moreover, various product enhancements with
better product positioning and clean label practices will allow the said
segment to grow.
Global Dairy Drinks and Beverages Market Segmentation Analysis- By Distribution Channel
The global dairy drinks and beverages market based on distribution channels can be further segmented into Offline Retail and Online Retail. Offline Retail held a dominant market share in the year 2021. It is owing to the user's preference to look for various options and read labels and offers before pursuing a purchase. Further, people still prefer to shop for essentials via hypermarkets, and milk and other beverages are a routine intake, thereby helping the segment hold a substantial share. However, online retail is estimated to be the fastest-growing, with a CAGR of 6.8% over the forecast period of 2022-2027. Consumer purchasing patterns are evolving and various surveys have started to report the same. As per Acosta’s COVID-19 Shopper Insights, 45% of the consumers now report shopping online for groceries and other essentials, which is more than what was before the pandemic. Additionally, reports suggest that shopping at grocery stores by around 30% while mass retail stores such as Walmart and Target preference have stepped down by 35% as pre-pandemic. However, brands have rolled out their online application which is allowing consumers to take the order home-delivered or take a drive-through. Owing to such reasons, the said segment would grow at a robust pace.
Global Dairy Drinks and Beverages Market Segmentation Analysis- By Geography
Global Dairy Drinks and Beverages Market Drivers
Strong demand from the developing nations owing to its functional properties has been a key market driver.
Dairy drinks and beverages have been a key part of demand in
developing countries. Especially owing to the nutritional offerings of the
products made with dairy. Further, dairy products are a powerhouse of nutrients
which include calcium, potassium, phosphorus, protein, vitamin A, D, B12,
riboflavin, and niacin. Each of the said nutrients helps in covering different
aspects of one’s life. Osteoporosis, a common form of bone deformation condition
having a prevalence of 12.6% in the U.S. is caused by low calcium intake.
Furthermore, dairy products have good amounts of protein which makes one feel
full for a longer period of time and keeps muscles and tissues in proper health
while also helping in repair function. Furthermore, milk on an overage provides
8 grams of high-quality protein. Furthermore, developing nations such as
India have been growing in terms of milk production to sustain the demand from
within and from outside. As per an economic survey, India’s milk production has
grown by 35.61% in the last six years to touch 198.4 million tons. The said
production has been catered by strong demand from the rural sector. Further,
international commitments and needs have allowed the market to grow.
Strong product innovations catering to the health demands of a wider portion of the population have allowed the market to hold a tight grip.
Product innovations within the dairy segment to provide the required
nutrition to cater to the wider health goals. Moreover, products being launched
are bringing in high-quality fruits which cater to all the nutritional requirements
of a person. For example, Kiwis- possess high levels of fiber, vitamins,
antioxidants along with being naturally sweet than adding artificial
sweeteners. Both green and gold kiwis are a great source of vitamin E, which
helps to support and strengthen the body’s immune system while also maintaining
healthy skin and eyes supplementing in the prevention of cardiovascular
diseases. As per WHO, around 17.9 million people died owing to CVDs in 2019. Moreover,
blueberries are being termed as a superfood, which is extremely rich in
antioxidants, fibers, and vitamin C. Product manufacturers are bringing such goodness
in their offerings. As per a recent survey, millennials are favoring new
tastes everyday-hence manufacturer are now trying to get bolder and more exciting
in their offerings. For example, new light & free cucumber, watermelon,
and lime yogurt, for example, contains cucumber puree and watermelon juice
concentrate for a refreshing — yet unique — twist on traditional yogurt flavoring.
Global Dairy Drinks and Beverages Market Challenges
The growing prevalence of lactose intolerance supplemented by a higher interest in plant-based dairy beverages along with supply constraints has been a market hindrance.
Lactose intolerance has been a market impeding factor for dairy drinks and other forms of beverages. As per global estimates, around
68% of the population suffers from lactose malabsorption. Additionally, plant-based
milk has been growing at a robust pace, which has significantly impeded market
growth. As per the plant-based food association, plant-based milk grew at a robust
pace of 20.4% from 2019. Another strong trend has been noticed suggesting the ethical
origins and sustainable practices along with label-conscious ingredients keeping
the environment in concern. Furthermore, supply chains have been a worrying aspect
of the trade of dairy and products. As per International Dairy Food Association,
export delays and supply chain challenges have cost the dairy industry more
than $1.5 billion in lost opportunities.
Global Dairy Drinks and Beverages Industry Outlook
Product launches, mergers and acquisitions, joint ventures,
and geographical expansions are key strategies adopted by players in the Global
Dairy Drinks and Beverages Market. The top 10- Global Dairy Drinks and
Beverages Market companies are-
- Fonterra Co-Operative Group,
- LACTALIS Ingredients,
- Schrieber Foods Inc,
- Danone Inc,
- Saputo Inc.
- Alpen Dairies
- Lactoland
- Miraka
- Dairy America
- Nestle S.A.
Recent Developments
- In February 2022, Vermont Creamery introduced a goat cheese category- with a decadent dessert flavor. A new line of dessert-inspired goat cheese: Cherries & Cocoa, Strawberry Spritz, and Sweet Truffle. Available in stores across the U.S. in summer 2022, this decadent trio enables Vermont Creamery to bring its heritage of hand craftsmanship to a new snacking occasion. The company has positioned its products in different categories. For example, cherries and cocoa have been an ideal candidate for after dinner, while a strawberry spritz is after champagne or celebratory drink. Further, the last offering is to be delivered post a sophisticated palate.
- In January 2022, Spare Food Co transformed the unused ingredients into nutritious products. A chef-led start-up has developed a line of sparkling beverages based on acid whey, the nutrient-rich liquid leftover from yogurt production. The beverage has a good source of protein, potassium, and magnesium with excellent forms of calcium, vitamin B12, and B6. Further, for every cup of strained yogurt produced, around 2-3 cups of whey are procured. Owing to such reasons, and sustainability concerns the market can be exploited at a favorable cost positioning.
- In June 2021, Oikos introduced a new blended version of Greek non-fat yogurt which is so loaded with fruit that one can eat it with a fork. The milk for the same is sourced from family-owned farmers. Additionally, the brand has committed to investing more than $6 million directly into the farms. The product is packed with fruits which allows it to be a great alternative for a breakfast or afternoon snack. The said product is available in six flavors -> strawberry, blueberry, peach, cherry, vanilla bean, and plain.
Relevant Titles
Yogurt Market-
Forecast (2022-2027)
Report Code- FBR 0378
Milk
Powder Market- Forecast (2022-2027)
Report Code: FBR 17666
Dairy Alternative (Beverage) Market - Forecast(2022 - 2027)
Report Code: FBR 0024
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Nestle Market 2019-2024 ($M) - Global Industry Research
1.2 Lion Pty Limited Market 2019-2024 ($M) - Global Industry Research
1.3 MEGGLE Market 2019-2024 ($M) - Global Industry Research
1.4 Horizon Market 2019-2024 ($M) - Global Industry Research
1.5 Dean Market 2019-2024 ($M) - Global Industry Research
1.6 BYRNE DAIRY Market 2019-2024 ($M) - Global Industry Research
1.7 Saputo Market 2019-2024 ($M) - Global Industry Research
1.8 Unique Bargains Market 2019-2024 ($M) - Global Industry Research
1.9 Diva At Home Market 2019-2024 ($M) - Global Industry Research
1.10 Eco-Friendly Furnishings Market 2019-2024 ($M) - Global Industry Research
1.11 Design With Vinyl Market 2019-2024 ($M) - Global Industry Research
1.12 Crystal Market 2019-2024 ($M) - Global Industry Research
1.13 Chobani Market 2019-2024 ($M) - Global Industry Research
1.14 Food To Live Market 2019-2024 ($M) - Global Industry Research
2.Global By Flavoured Milks Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Flavoured Milks Market 2019-2024 ($M) - Global Industry Research
3.2 Modified Fresh Milks Market 2019-2024 ($M) - Global Industry Research
3.3 UHT Milks Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Nestle Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Lion Pty Limited Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 MEGGLE Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Horizon Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Dean Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 BYRNE DAIRY Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Saputo Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Unique Bargains Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Diva At Home Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Eco-Friendly Furnishings Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Design With Vinyl Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 Crystal Market 2019-2024 (Volume/Units) - Global Industry Research
4.13 Chobani Market 2019-2024 (Volume/Units) - Global Industry Research
4.14 Food To Live Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Flavoured Milks Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Flavoured Milks Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Modified Fresh Milks Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 UHT Milks Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
7.2 Lion Pty Limited Market 2019-2024 ($M) - Regional Industry Research
7.3 MEGGLE Market 2019-2024 ($M) - Regional Industry Research
7.4 Horizon Market 2019-2024 ($M) - Regional Industry Research
7.5 Dean Market 2019-2024 ($M) - Regional Industry Research
7.6 BYRNE DAIRY Market 2019-2024 ($M) - Regional Industry Research
7.7 Saputo Market 2019-2024 ($M) - Regional Industry Research
7.8 Unique Bargains Market 2019-2024 ($M) - Regional Industry Research
7.9 Diva At Home Market 2019-2024 ($M) - Regional Industry Research
7.10 Eco-Friendly Furnishings Market 2019-2024 ($M) - Regional Industry Research
7.11 Design With Vinyl Market 2019-2024 ($M) - Regional Industry Research
7.12 Crystal Market 2019-2024 ($M) - Regional Industry Research
7.13 Chobani Market 2019-2024 ($M) - Regional Industry Research
7.14 Food To Live Market 2019-2024 ($M) - Regional Industry Research
8.North America By Flavoured Milks Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Flavoured Milks Market 2019-2024 ($M) - Regional Industry Research
9.2 Modified Fresh Milks Market 2019-2024 ($M) - Regional Industry Research
9.3 UHT Milks Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
10.2 Lion Pty Limited Market 2019-2024 ($M) - Regional Industry Research
10.3 MEGGLE Market 2019-2024 ($M) - Regional Industry Research
10.4 Horizon Market 2019-2024 ($M) - Regional Industry Research
10.5 Dean Market 2019-2024 ($M) - Regional Industry Research
10.6 BYRNE DAIRY Market 2019-2024 ($M) - Regional Industry Research
10.7 Saputo Market 2019-2024 ($M) - Regional Industry Research
10.8 Unique Bargains Market 2019-2024 ($M) - Regional Industry Research
10.9 Diva At Home Market 2019-2024 ($M) - Regional Industry Research
10.10 Eco-Friendly Furnishings Market 2019-2024 ($M) - Regional Industry Research
10.11 Design With Vinyl Market 2019-2024 ($M) - Regional Industry Research
10.12 Crystal Market 2019-2024 ($M) - Regional Industry Research
10.13 Chobani Market 2019-2024 ($M) - Regional Industry Research
10.14 Food To Live Market 2019-2024 ($M) - Regional Industry Research
11.South America By Flavoured Milks Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Flavoured Milks Market 2019-2024 ($M) - Regional Industry Research
12.2 Modified Fresh Milks Market 2019-2024 ($M) - Regional Industry Research
12.3 UHT Milks Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
13.2 Lion Pty Limited Market 2019-2024 ($M) - Regional Industry Research
13.3 MEGGLE Market 2019-2024 ($M) - Regional Industry Research
13.4 Horizon Market 2019-2024 ($M) - Regional Industry Research
13.5 Dean Market 2019-2024 ($M) - Regional Industry Research
13.6 BYRNE DAIRY Market 2019-2024 ($M) - Regional Industry Research
13.7 Saputo Market 2019-2024 ($M) - Regional Industry Research
13.8 Unique Bargains Market 2019-2024 ($M) - Regional Industry Research
13.9 Diva At Home Market 2019-2024 ($M) - Regional Industry Research
13.10 Eco-Friendly Furnishings Market 2019-2024 ($M) - Regional Industry Research
13.11 Design With Vinyl Market 2019-2024 ($M) - Regional Industry Research
13.12 Crystal Market 2019-2024 ($M) - Regional Industry Research
13.13 Chobani Market 2019-2024 ($M) - Regional Industry Research
13.14 Food To Live Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Flavoured Milks Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Flavoured Milks Market 2019-2024 ($M) - Regional Industry Research
15.2 Modified Fresh Milks Market 2019-2024 ($M) - Regional Industry Research
15.3 UHT Milks Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
16.2 Lion Pty Limited Market 2019-2024 ($M) - Regional Industry Research
16.3 MEGGLE Market 2019-2024 ($M) - Regional Industry Research
16.4 Horizon Market 2019-2024 ($M) - Regional Industry Research
16.5 Dean Market 2019-2024 ($M) - Regional Industry Research
16.6 BYRNE DAIRY Market 2019-2024 ($M) - Regional Industry Research
16.7 Saputo Market 2019-2024 ($M) - Regional Industry Research
16.8 Unique Bargains Market 2019-2024 ($M) - Regional Industry Research
16.9 Diva At Home Market 2019-2024 ($M) - Regional Industry Research
16.10 Eco-Friendly Furnishings Market 2019-2024 ($M) - Regional Industry Research
16.11 Design With Vinyl Market 2019-2024 ($M) - Regional Industry Research
16.12 Crystal Market 2019-2024 ($M) - Regional Industry Research
16.13 Chobani Market 2019-2024 ($M) - Regional Industry Research
16.14 Food To Live Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Flavoured Milks Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Flavoured Milks Market 2019-2024 ($M) - Regional Industry Research
18.2 Modified Fresh Milks Market 2019-2024 ($M) - Regional Industry Research
18.3 UHT Milks Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Nestle Market 2019-2024 ($M) - Regional Industry Research
19.2 Lion Pty Limited Market 2019-2024 ($M) - Regional Industry Research
19.3 MEGGLE Market 2019-2024 ($M) - Regional Industry Research
19.4 Horizon Market 2019-2024 ($M) - Regional Industry Research
19.5 Dean Market 2019-2024 ($M) - Regional Industry Research
19.6 BYRNE DAIRY Market 2019-2024 ($M) - Regional Industry Research
19.7 Saputo Market 2019-2024 ($M) - Regional Industry Research
19.8 Unique Bargains Market 2019-2024 ($M) - Regional Industry Research
19.9 Diva At Home Market 2019-2024 ($M) - Regional Industry Research
19.10 Eco-Friendly Furnishings Market 2019-2024 ($M) - Regional Industry Research
19.11 Design With Vinyl Market 2019-2024 ($M) - Regional Industry Research
19.12 Crystal Market 2019-2024 ($M) - Regional Industry Research
19.13 Chobani Market 2019-2024 ($M) - Regional Industry Research
19.14 Food To Live Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Flavoured Milks Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Flavoured Milks Market 2019-2024 ($M) - Regional Industry Research
21.2 Modified Fresh Milks Market 2019-2024 ($M) - Regional Industry Research
21.3 UHT Milks Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)2.Canada Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
3.Mexico Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
4.Brazil Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
5.Argentina Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
6.Peru Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
7.Colombia Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
8.Chile Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
10.UK Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
11.Germany Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
12.France Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
13.Italy Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
14.Spain Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
16.China Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
17.India Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
18.Japan Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
19.South Korea Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
20.South Africa Global Dairy Drinks And Beverages Market Revenue, 2019-2024 ($M)
21.North America Global Dairy Drinks And Beverages By Application
22.South America Global Dairy Drinks And Beverages By Application
23.Europe Global Dairy Drinks And Beverages By Application
24.APAC Global Dairy Drinks And Beverages By Application
25.MENA Global Dairy Drinks And Beverages By Application