Sour Milk Drink Market Trade Analysis and Statistical Forecast (2024-2031) | Danone S.A., Arla Foods amba, Lifeway Foods, Inc.

DataM Intelligence has released a new research report on the Sour Milk Drink market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Global Sour Milk Drink Market reached US$ 5.23 billion in 2023 and is expected to reach US$ 7.31 billion by 2031, growing at a CAGR of 4.27% during the forecast period 2024-2031.

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The sour milk drink market encompasses beverages made from fermented milk, offering probiotic benefits for gut health and digestion. Popular in various cultures, these drinks, like kefir and buttermilk, appeal to health-conscious consumers seeking natural, functional beverages. Rising awareness of gut health and demand for nutrient-rich options drive the market's growth, particularly in health and wellness sectors.

List of the Key Players in the Sour Milk Drink Market:

Danone S.A., Arla Foods amba, Lifeway Foods, Inc., Yakult Honsha Co., Ltd., Meiji Holdings Co., Ltd., AAK AB, Krasnystaw OSM, MEGGLE Srbija, Nourish Kefir and Haocaitou (China) Co., Ltd.

Key Developments:

In July 2022, the Gujarat Co-operative Milk Marketing Federation Ltd. announced plans to invest USD 60 million in a new dairy facility in Rajkot. This investment is set to enhance the company's production capabilities while expanding its product offerings, which include milk, curd, and buttermilk. By doing so, the federation aims to strengthen its position in the dairy market and meet the rising consumer demand.

Meanwhile, Lifeway Foods Inc., a leading producer of kefir and probiotic-rich products, made significant moves in 2021 to grow its international presence. In August, the company entered the Irish market through a distribution deal with Tesco, ensuring broader availability of its kefir products across Ireland to meet the increasing demand for probiotic beverages.

In July 2021, Lifeway had also expanded into the French market by partnering with Costco France. This collaboration boosted the company's international reach, making its kefir products more accessible to health-conscious consumers in France.

Research Process:

Both primary and secondary data sources have been used in the global Sour Milk Drink Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Sour Milk Drink Market:

By Type: Buttermilk, Kefir, Drinking Yoghurt, Others.

By Flavor: Flavored, Unflavored.

By Source: Animal-based, Plant-based.

By Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Online Retail, Others.

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Sour Milk Drink market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Sour Milk Drink Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Sour Milk Drink market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Sour Milk Drink Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Sour Milk Drink market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Sour Milk Drink market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Sour Milk Drink market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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