"Market Intelligence that Adds Flavour to Your Success"

Dairy Drinks Market Size, Share & Industry Analysis, By Type (Drinking Yogurt, Milk, Kefir, Others), By Category (Flavoured Milk, Unflavoured Milk), By Packaging (Cartons, Cans, Bottles), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103811 | Status : Ongoing

 

KEY MARKET INSIGHTS

Dairy drinks are the drinkable form of dairy products and are widely consumed as they possess essential nutrients and proteins. Dairy drinks are the formulated functional beverages that are incorporated with flavours, microbial cultures or minerals to enhance its taste and nutritional properties. Further, the manufacturers launching innovative products with new flavours, and added nutrients such as magnesium, antioxidants, omega fatty acids, phytosterols and others would provide further growth opportunities for dairy drinks market. For instance, In June 2019, ITC ltd. launched a new ready-to-drink milk beverage range Sunfeast Wonderz Milk, in four new variants such as Mango, Fruit ‘n’ Milk, Shakes Classic Vanilla and NutShakes Kesar Badam.


The increasing demand for drinkable yogurts owing to its unique taste and role in digestive health management has contributed in the sales performance of dairy drinks. Along with this, the easy availability of drinking yogurt in various flavours have also positively aided in the market growth.

The growing consumers demand for nutritionally-rich and convenient beverages that boost their overall health is a major factor driving the dairy drinks market growth. Further, the increase in consumption of probiotics drinks by the health-conscious consumers have also contributed in its market growth.

The growing incidences of lactose intolerance is a crucial factor impeding the market growth. According to NIH, in the US, approximately 65% of the global population is having lactose intolerance. This has led the consumers to shift towards non-dairy or plant-based drinks; this in turn is hampering the market growth.

Up Arrow

Key Market Driver -

Increasing Consumers Inclination towards Nutritionally-rich Drinks

Down Arrow

Key Market Restraint -

Growing Incidences of Lactose Intolerance and Substitute Availability


Key Players Covered:


The key companies operating in the global dairy drinks market are, Cargill Incorporated, Dohler GmbH, Corbion NV, Kerry Group plc, Saputo Inc., Nestle SA, Dean Foods, Chobani, GCMMF Ltd., and Fonterra Co-operative Group Limited.

The global dairy drinks market is segmented by type, category, packaging; and distribution channel. The milk segment accounted for holding the major share in the market due to its wide consumption on regular basis directly or indirectly. The category segment is led by the flavoured dairy drinks due to its high palatability and their immense popularity among the children.

On the basis of packaging segment the cartons are expected to hold the major share in the market as cartons are biodegradable in nature in addition to their ease of consumption and transportation.

The supermarkets and hypermarkets are the major sales channel for dairy drinks market. This is due to the various bundling schemes and attractive discounts offered by these mass merchandisers. Further, the convenience of shopping and presence of product distinct aisles is predicted to increase the sales of dairy drinks.

Regional Analysis:


North America is expected to hold the major share in the market owing to the growing consumption of functional beverages. Additionally, the rise in working population has led to the increase in reliance on ready-to-drink beverages which has also contributed in its regional growth. Organic dairy products are the second leading food category in the region which has further fuelled the regional growth of dairy drinks market.

Asia Pacific is anticipated to foresee substantial growth, due to the growing consumption of dairy products. India, China and Vietnam are among the highest dairy drinks consuming countries. Along with this, rise in population and increased digitalization are the key factors boosting the market growth in the region.

Europe is expected to observe significant growth in the dairy drinks market owing to the consumers growing inclination towards healthy drinks. Further, manufacturers in the country are launching new variants with added nutrients and flavours; this has led to its surging demand in the region.

To gain extensive insights into the market, Request for Customization


Segmentation






























 ATTRIBUTE

  DETAILS

By Type



  • Drinking Yogurt

  • Milk

  • Kefir

  • Others



By Category



  • Flavoured Milk

  • Unflavoured Milk



By Packaging



  • Cartons

  • Cans

  • Bottles



By Distribution Channel



  • Supermarkets/Hypermarkets

  • Convenience Stores

  • Specialty Stores

  • Online Retail



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments



  • In April 2019, GCMMF Ltd.’s brand, Amul launched a milk-based beverage called ‘haldi doodh’ to boost the immunity due to its anti-bacterial and anti-inflammatory properties. The product is affordable and easily accessible immunity booster beverage available in easy-open-end cans.

  • In May 2019, Beverage giant Coca-Cola Company and Fonterra, a dairy major have partnered in a strategic alliance to launch newNutriboost UHT milk range in Vietnam that comprises of three main variants-Nutriboost Kids, Nutriboost To-Go and Nutriboost Beauty.





  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Ferrero
Kpmg
Mckinsey
Nissin
Bunge

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X