Global Milk-Based Drinks Market, By Beverage Type (Dairy Beverage and Non-Dairy Beverage), Fermentation Type (Fermented and Non-Fermented), Packaging Type (Paper-Based, Glass Bottle, Plastic Bottle, Cans and Cartons and Others), Distribution Channel (Online and Offline),Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa)Industry Trends and Forecast to 2028
Market Analysis and Insights of Milk-Based Drinks Market
Data Bridge Market Research analyses that the global milk-based drinksmarket will project a CAGR of 6.10% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, growth in the demand for probiotic drinks, rising consumer consciousness towards products with high nutritional value and growing personal disposable income by the major companies are the major factors attributable to the growth of milk-based drinksmarket.
Milk-based drinks are the beverages that are produced out of milk. In other words, these beverages are the by-products of milk. The milk-based drinks can be produced using both fermentation and non-fermentation process.
Rising personal disposable income and growing awareness about the nutritional value of milk are the major factors fostering the growth of the market. Changing lifestyle, shifting consumer tastes and preferences and ever-rising global population are other important factors acting as market growth determinants. Improving distribution channel, growth in the availability of different flavours in the form of milk-based drinks and surge in the launches of formulated functional products will further induce growth in the market value. Rising focus of the manufacturers on technological innovations involved in the fermentation process will also carve the way for the growth of market.
However, rising prevalence of allergies to milk based products such as lactose intolerance will pose a major challenge to the growth of the market. Availability of alternatives in the market such as carbonated drinks and non-dairy based beverages will further restrict the scope of growth for the market.
This milk-based drinks market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on milk-based drinks market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Milk-Based Drinks Market Scope and Market Size
The milk-based drinks market is segmented on the basis of beverage type, fermentation type, packaging type and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of beverage type, the global milk-based drinks market is segmented into dairy beverage and non-dairy beverage. Dairy Beverages egment is sub-segmented into cow milk, goat milk, camel milk and others. Non-dairy beverage segment is sub-segmented into soy milk, almond milk, coconut milk, rice milk and others.
- On the basis of fermentation type, the global milk-based drinks market is segmented into fermented and non-fermented. Fermented segment is sub-segmented into yoghurt and acidophilus milk. Non-fermented segment is sub-segmented into chocolate milk, sterilized flavoured milk, flavoured milk and others. Others segment is further bifurcated into milk shakes, buttermilk-based beverages, whey-based beverages and others. Milk shakes segment is further sub-bifurcated into mango shake, banana shake and other fruit shakes. Buttermilk-based beverages segment is further sub-bifurcated into sweet buttermilk and spiced buttermilk. Whey-based beverages segment is further sub-bifurcated into wheyvit and chocolate whey milk and others.
- On the basis of packaging type, the global milk-based drinks market is segmented into paper-based, glass bottle, plastic bottle, cans and cartons and others.
- On the basis of distribution channel, the milk-based drinksmarket is segmented into online and offline. Offline segment is sub-segmented into supermarkets and hypermarkets, convenience stores, health food stores and others.
Milk-Based Drinks Market Country Level Analysis
The milk-based drinks market is analyses and market size, volume information is provided by country, beverage type, fermentation type, packaging type and distribution channel as referenced above.
The countries covered in the milk-based drinks market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the milk-based drinks market and will continue to excel its dominance during the forecast period owing to the rising health concerns and growing preferences for flavored yogurts. Asia-Pacific on the other hand will project the highest CAGR owing to rising health concerns, increasing awareness about health benefits of milk based products, urbanization, globalization, westernization, changing lifestyle, and increasing personal disposable income.
The country section of the milk-based drinksmarket report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Milk-Based Drinks Market Share Analysis
The milk-based drinks market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to milk-based drinksmarket.
The major players covered in themilk-based drinksmarket report are Nestlé, Arla Foods amba, Chr. Hansen Holding A/S, CieGervaisDanone., Hain Celestial, THE COCA-COLA COMPANY, Lifeway Foods, Inc., Blue Diamond Growers, Earth’s Own Food Company Inc., Eden Foods, DAIYA FOODS INC., Hudson River Foods, Inc., PACIFIC FOODS OF OREGON, LLC., SunOpta., Califia Farms, LLC, Kikkoman Corporation., Ripple Foods, Pureharvest, ITC Limited and Mother Dairy Fruit & Vegetable Pvt. Ltd.among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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