Market Size of Africa Dairy Based Beverages Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.60 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Africa Dairy Based Beverages Market Analysis
Africa's dairy-based beverages market is projected to register a CAGR of 3.6% in the upcoming five years.
- Dairy-based products are naturally high in calcium content and are perceived as a nutritional snacking option. Thus the consumer demand for convenient and healthy on-the-go snack options is the primary attribute for the sales of dairy-based beverage products in the region. Health and wellness trends have led to the inclination of consumers toward low-fat, lactose-free variants and calcium-rich variants of dairy products.
- The health benefits of probiotic drinks, especially their ability to improve digestion and the immune system, have attracted consumers across the region. Due to their unique taste and role in digestive health management, the increasing demand for drinkable yogurts has contributed to the sales performance of dairy drinks. The innovations in drinkable yogurt products, such as flavored or fruit yogurt, and the introduction of low-fat Greek yogurt, are anticipated to drive the market's growth in the coming years.
- Over the short term, consumers are becoming increasingly health-conscious, especially younger ones, driving a forceful demand for functional beverages to meet their needs. The value of nutrition and functional properties of milk and the rising demand for probiotic drinks by health-conscious consumers mainly drive the market. Thus, food manufacturers focus more on functional and probiotic drinks, which offer additional health benefits than standard milk.
- Omega-3, fibers, bioactive compounds, and phytosterol are functional components added to dairy beverages. The growing demand for functional beverages among health-conscious consumers is anticipated to drive the overall market growth over the forecast period.
