Africa Dairy-Based Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The African Dairy-based Beverages Market is segmented by Type (Milk, Yogurt, and Other Types), Category (Flavored Drinks and Unflavored Drinks), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Retailers, and Other Distribution Channels), and Geography.

Market Snapshot

africa dairy based beverages market summary
Study Period:

2016 - 2026

Base Year:

2020

CAGR:

3.6 %

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Market Overview

The African dairy-based beverages market is projected to register a CAGR of 3.6% during the forecast period.

  • Consumers are becoming increasingly health-conscious, especially the younger generations, driving a forceful demand for functional beverages to meet their needs.
  • The market is mainly driven by the value of nutrition and functional properties of milk and the rising demand for probiotic drinks by health-conscious consumers.
  • Food manufacturers are focusing more on functional and probiotic drinks, which offer additional health benefits compared to standard milk. Omega-3, fibers, bioactive compounds, and phytosterol are some of the functional components added to the dairy beverages.

Scope of the report

The African dairy-based beverages market is segmented by type into milk, yogurt, and other types. The market is also segmented on the basis of category into flavored and unflavored drinks. Based on distribution channel, the market has been segmented into supermarkets/hypermarkets, convenience stores, specialty stores, and other distribution channels. Moreover, the study provides an analysis of the regions, such as South Africa and Rest of Africa.

Type
Milk
Yogurt
Other Types
Category
Flavored Drinks
Unflavored Drinks
Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialist Stores
Other Distribution Channels
Geography
Africa
South Africa
Rest of Africa

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Key Market Trends

Rising Demand for Probiotic Beverages

Consumers perceive fermented products as healthy products as they aid in the control of intestinal diseases. The country has well-established markets for fortified food items and fermented dairy products. The changing consumer lifestyles, rising healthcare expenditure, and growth of the retail sector are playing a vital role in the growth of the probiotic drinks market. Increasing international sporting events and commercialization of domestic sporting events in the developing countries of Africa are providing growth opportunities for functional drinks, like probiotic drinks, in fast-growing markets, like South Africa.

Africa Dairy-Based Beverages Market1

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Supermarkets/Hypermarkets Drives the Market

Supermarkets/Hypermarkets offer shoppers a one-stop shopping experience, which enables consumers an easy purchase for a wide range of products of different brands, which is driving the growth of the market. Supermarkets are the best platform for the launch of products and it has been observed that new product launches may increase the demand for those products. Consumers make frequent visits to these stores, and availability of products from various brands gives the choice to choose from various available brands. Consumers prefer purchasing products through supermarkets more, as it serves as a platform with availability of all the products at one place, which saves time and energy.

Africa Dairy-Based Beverages  Market2

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Competitive Landscape

The African dairy-based beverages market is consolidated with major players holding the maximum share in the market. The companies are focusing on new product innovation, expansion, and mergers and acquisitions to meet the consumer demands. The key players in the market are Clover Industries Limited, Danone, Lactalis, and Nestle.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Milk

      2. 5.1.2 Yogurt

      3. 5.1.3 Other Types

    2. 5.2 Category

      1. 5.2.1 Flavored Drinks

      2. 5.2.2 Unflavored Drinks

    3. 5.3 Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialist Stores

      4. 5.3.4 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 Africa

        1. 5.4.1.1 South Africa

        2. 5.4.1.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Morinaga Nutritional Foods Inc.

      2. 6.3.2 Chobani LLC

      3. 6.3.3 Danone

      4. 6.3.4 Clover Industries Limited

      5. 6.3.5 Lactalis

      6. 6.3.6 Nestle SA

      7. 6.3.7 First Choice Dairy

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Africa Dairy Based Beverages Market market is studied from 2016 - 2026.

The Africa Dairy Based Beverages Market is growing at a CAGR of 3.6% over the next 5 years.

  • Danone
  • Clover Industries Limited
  • Lactalis
  • Nestle SA
  • First Choice Dairy

Are the major companies operating in Africa Dairy Based Beverages Market.

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