Dairy-Based Beverages Industry Outlook | Market Opportunities & Competitive Analysis To 2031

Market Size and Growth

✦ The market was valued at approximately USD $ 45.60 billion in 2022 and is on a trajectory to reach over USD 76.04 billion by 2031, reflecting strong, sustained growth CAGR of 6.6% during the forecast period 2024-2031.

✦ The driving force behind this expansion is a combination of surging global demand, technological advancements, and significant investments in new infrastructure projects.

Mergers and Acquisition

The Schwabe Group acquired a stake in Braineffect in a strategic move to broaden its presence in the functional health and vegan supplements sector.

Arla Foods is undergoing a merger with Germany's DMK to form Europe's largest dairy cooperative, which may help enhance its sustainability initiatives and market reach.

Hatsun Agro Product Ltd. acquired Milk Mantra Dairy Pvt. Ltd., strengthening its market presence in eastern India with brands like Milky Moo.

A key trend is the development of functional dairy beverages enriched with probiotics, protein, and other health-focused ingredients to meet growing consumer demand.

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The Dairy-Based Beverages Market includes drinks made from milk and other dairy ingredients, often enhanced with flavors, nutrients, or probiotics, catering to health, taste, and functional drink trends.

Key players:

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as

Nestle
Danone
GCMMF
MORINAGA MILK INDUSTRY CO., LTD
Chobani, LLC
Saputo
TURM-Sahne GmbH
CavinKare Group
Meiji Holdings Co., Ltd.
Yili Group

Industry Developments:

In March 2023, Heritage Foods Ltd., a leading Indian dairy producer, introduced a new range of buttermilk products under the 'A-One' brand, along with a selection of milkshakes in convenient, ready-to-serve carton packaging. The 'A-One' series features spiced buttermilk with reduced calories, offering a naturally refreshing drink option.

In May 2023, Kerry Dairy Ireland launched a new dairy beverage in the Chinese market aimed at promoting healthy aging among seniors. Branded as Original, the product is made from sustainably sourced, grass-fed milk powder and is formulated to support immune, muscle, bone, and cognitive health, catering to the growing demand for premium dairy products in the region.

Market Segments:

By Product Type: (Non- Fermented, Fermented

By Category: (Flavored, Unflavored)

By Packaging: (Can, Pouch, Bottle, Tetra Pack, Others)

By Distribution Channel: (Supermarkets/hypermarkets, Convenience stores, Specialty Stores, Online Channels, Others)

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Research Process

Both primary and secondary data sources have been used in the global Dairy Based Beverages 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.

Regional Analysis for Dairy Based Beverages Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & 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**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Chapter Outline

⏩ Market Overview: The report analyzes key drivers, challenges, and opportunities shaping the industry, providing a clear picture of the forces at play.

⏩ Market Landscape: A thorough evaluation of leading industry players, including their financial performance, key product offerings, and strategic initiatives

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

⏩ Market Outlook by Region: A detailed breakdown of market trends, size, and growth projections across major regions, including North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

⏩ Market Segments: An interpretation of how various segments by end-user, application, and type contribute to the market's overall value and growth..

⏩ Market Forecast: Production Side: Expert analysis on the production and value forecasts for the market, offering a glimpse into its trajectory.

⏩ 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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