Global Milk-Based Drinks Market – Industry Trends and Forecast to 2026

  • Food & Beverage
  • Upcoming Report
  • Sep 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Milk-Based Drinks Market By Beverage Type (Dairy Beverage, Non-Dairy Beverage), Fermentation Type (Fermented, Non-Fermented), Packaging Type (Paper-Based, Glass Bottle, Plastic Bottle, Cans & Cartons, Others), Distribution Channel (Online, Offline), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Milk-Based Drinks Market

Global milk-based drinks market is expected to register a substantial CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the preference of consumers to utilize preventive measures rather than focusing on the cure for their health, along with greater demands for probiotic drinks globally.

Market Definition: Global Milk-Based Drinks Market

Milk-based drinks are the collection of varieties of drinks produced from different types of milks. These drinks are generally produced completely from milk, although several drink variants are also available produced from milk byproducts such as buttermilk, whey or other products. The drinks produced from these sources are highly nutritional and provide greater health benefits as compared to other beverage products.

Market Drivers:

  • Increasing consumption of milk-based beverages due to their health benefits is expected to boost the growth of the market
  • Various nutritional ingredients inclusion in these beverage products is expected to boost the growth of the market amid individuals for higher awareness regarding maintenance of their health
  • Innovations and advancements in technology resulting in shift from traditional to alternate sources of milk products; this factor is expected to propel the growth of the market
  • Greater availability of variety of flavours in milk beverages; this factor is expected to fuel the growth of the market

Market Restraints:

  • Availability of alternate beverage products is expected to hinder the growth of the market
  • Higher prevalence of lactose intolerant population globally is expected to hinder the growth of the market

Segmentation: Global Milk-Based Drinks Market

By Beverage Type

  • Dairy Beverage

    • Cow Milk
    • Goat Milk
    • Camel Milk
    • Others

  • Non-Dairy Beverage

    • Soy Milk
    • Almond Milk
    • Coconut Milk
    • Rice Milk
    • Others

By Fermentation Type

  • Fermented

    • Yoghurt
    • Acidophilus Milk

  • Non-Fermented

    • Chocolate Milk
    • Sterilized Flavoured Milk
    • Flavoured Milk
    • Others

      • Milk Shakes

        • Mango Shake
        • Banana Shake
        • Other Fruit Shakes

      • Buttermilk-Based Beverages

        • Sweet Buttermilk
        • Spiced Buttermilk

      • Whey-Based Beverages

        • Wheyvit
        • Chocolate Whey Milk
        • Others

      • Others

By Packaging Type

  • Paper-Based
  • Glass Bottle
  • Plastic Bottle
  • Cans & Cartons
  • Others

By Distribution Channel

  • Online
  • Offline

    • Supermarkets & Hypermarkets
    • Convenience Stores
    • Health Food Stores
    • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Sweden
    • Poland
    • Denmark
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • New Zealand
    • Vietnam
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • UAE
    • Saudi Arabia
    • Oman
    • Qatar
    • Kuwait
    • South Africa
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In December 2018, ITC Limited announced that they had entered the milk-based beverages industry with the launch of their brand, “Sunfeast Wonderz Milk”. With this launch, the company has expanded their dairy-based product offerings and will be produced at their facility located in Punjab, India
  • In August 2016, Arla Foods amba announced their strategy of expanding their share for milk-based beverages globally and achieve their 2020 growth strategy by expanding the revenues generated and tripling them from milk-based beverages for the company. The company will focus on innovations throughout their business unit ranging from products, packaging, distribution and supply channels

Competitive Analysis:

Global milk-based drinks market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of milk-based drinks market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global milk-based drinks market are Blue Diamond Growers; Earth's Own Food Company; Eden Foods Inc.; Hudson River Foods, Inc.; GCMMF; Arla Foods amba; Société des Produits Nestlé S.A.; Nestlé; PACIFIC FOODS OF OREGON, LLC; Hain Celestial; SunOpta; THE WHITEWAVE FOODS COMPANY; Califia Farms; Kikkoman Corporation; THE COCA-COLA COMPANY; Ripple Foods; Pureharvest; DANONE; ITC Limited; Mother Dairy Fruit & Vegetable Pvt. Ltd. among others.

Research Methodology: Global Milk-Based Drinks Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Competitive analysis of key competitors involved in the market
  • Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  • Market drivers and restraints analysis along with the analysis of the market structure


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