The dairy industry is growing worldwide due to changing
consumer preferences and increasing purchasing power. The global dairy
beverages market is expected to reach a market value of USD 91 Billion by 2024
at a CAGR of 5.5% during the period of 2019 to 2024. A variety of dairy
beverages have been introduced by companies with different characteristics and
forms to cater to the demand for enhanced flavor and texture. The dairy
based beverages market is monopolistically competitive in nature due to the
presence of several vendors and customers in the market and limited barriers
for the entry of new players. To overcome the challenges in such a competitive
market, prominent players are focusing on product launches, partnerships,
mergers & acquisitions, and expansions in terms of production capacity and
geographic reach. This is expected to drive the demand for dairy beverages
among consumers across the world.
Dairy
Beverages Market Analysis
The global dairy beverages market has been segmented by type,
packaging type, distribution channel, and region.
Based on type, the global dairy beverages market has
been segmented into milk, buttermilk, kefir, and others. The milk segment has
further been divided into flavored milk and plain milk. The milk segment is
projected to be the largest during the forecast period. The demand for plain
and flavored milk is driven by their immense popularity and growing interest of
consumers in the health benefits of milk based beverages. Milk is considered
probiotic and plain milk is used in various hot and cold beverages; moreover,
there is a variety of flavored milk from which consumers can choose. The kefir
segment is expected to register the highest growth rate during the review
period owing to the changing eating patterns of consumers worldwide.
Key Players
Some of the key players in the global dairy beverages market
are Britannia Industries Limited (India), Mother Dairy Fruit & Vegetable
Pvt Ltd (India), Arla Foods amba (Denmark), Lactalis Group (France), Parag Milk
Foods Ltd (India), Borden, Inc. (US), ITC Limited (India), Organic Valley (US),
Nestlé SA (Switzerland), Freedom Foods Group Limited (Australia), Grupo Leche
Pascual SA (Spain), The Whitewave Foods Company (US), Dean Foods Company (US),
The Kefir Company (New Zealand), and Gujarat Cooperative Milk Marketing
Federation Ltd. (India).
Regional Analysis
The global dairy beverages market has been
segmented, on the basis of region, into North America, Europe, Asia-Pacific,
and the rest of the world.
North America is expected to dominate the global dairy
beverages market owing to the large-scale production of dairy beverages in
the region. Dairy-based beverages are preferred by consumers due to their
enhanced taste, enriched flavor, and high nutrient content. The US and Canada
are major consumers of dairy and RTD beverages, which boosts the growth of the
dairy based beverages market in the region.
Complete Report Details @ https://www.marketresearchfuture.com/reports/dairy-beverages-market-7948
At Market
Research Future (MRFR), we enable our customers to unravel the complexity of
various industries through our Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research
(CFR), and Market Research & Consulting Services.
MRFR team
have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Comments
Post a Comment