Dairy Based Beverages Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global dairy-based beverages market is segmented by Type (Milk, Yogurt, Kefir, and Others), by Category (Flavored and Unflavored drinks); by Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Specialty Stores, Online Channels, and Others); and by Geography.

Market Snapshot

dairy based beverages market
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.1 %

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Market Overview

The global dairy-based beverage market is projected to register a CAGR of 6.1% during the forecast period, 2020-2025.

  • 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. Also, recent launches of formulated functional products with new flavors have further fueled the global market, such as fortification of drinks with omega 3, collagen, aloe vera, plant sterols, and soy isoflavones. For instance, Morinaga Nutritional Foods Inc. launched a low-fat Japanese-style yogurt drink under its Alove brand in three flavors- original aloe vera, strawberry banana, and coconut in March 2018. 
  • However, rising demand for non-dairy based drinks and carbonated drinks due to lactose intolerance and other allergies is one of the factors restraining the global market for dairy-based beverages.


Scope of the Report

The global dairy beverage market is segmented by type, category, and distribution channels. By type, the dairy beverage market is segmented into milk, yogurt, kefir, and others; and by category, into flavored and unflavored drinks. By distribution channel, the market has been segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online channels, and others. Moreover, the study provides an analysis of the dairy-based beverages market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
By Category
Flavoured drink
Unflavored drink
By Distibution Channel
Convenience stores
Specialty Stores
Online Channels
North America
United States
Rest of North America
United Kingdom
Rest of Europe
Rest of Asia-Pacific
South America
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Rising Demand for Drinkable Yogurt

The demand for drinkable yogurt has been witnessed with an increasing trend in the past few years owing to its unique taste and its functional properties over other dairy-based beverages. These drinks provide a rich amount of nutrients, like vitamin D, calcium, potassium, magnesium, and vitamin A. They can, therefore, provide positive nutrition and help reduce nutrition deficiency. Also, the frequent product launches by the leading players such as aloe vera infused yogurt drinks and ragi infused yogurt drinks in the market have further boosted the dairy beverages market.

Dairy Based Beverages Market1

Asia-Pacific Remains the Fastest Growing Market

North America and Europe hold a major market share in the global dairy beverage market. Asia-Pacific is the fastest-growing market due to growing health concern issues, an increase in disposable income level, increasing number of working women population, and rising population are the key issues that lead to boosting the market. Probiotics, functional dairy and natural colors combined with Asia’s rapidly changing lifestyle and health needs are among the top factors driving industry growth in the region.

Dairy Based Beverages Market2

Competitive Landscape

The global dairy beverage market is fragmented with small and large manufacturers. The market is highly competitive and dominated by major players. The market players in this market compete on the basis of added health benefits, product differentiation, category extension, and innovation in product and application. Some of the major companies operating in the global dietary supplements market are Nestle, Arla Foods amba, Chr Hansen, Danone and Morinaga Nutritional Foods, Inc. among others. 

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Milk

      2. 5.1.2 Yogurt

      3. 5.1.3 Kefir

      4. 5.1.4 Others

    2. 5.2 By Category

      1. 5.2.1 Flavoured drink

      2. 5.2.2 Unflavored drink

    3. 5.3 By Distibution Channel

      1. 5.3.1 Supermarkets/hypermarkets

      2. 5.3.2 Convenience stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Online Channels

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      2. 5.4.2 Europe

        1. United Kingdom

        2. Germany

        3. France

        4. Russia

        5. Italy

        6. Spain

        7. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. Australia

        5. Rest of Asia-Pacific

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East & Africa

        1. South Africa

        2. Saudi Arabia

        3. Rest of Middle East & Africa


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Nestle SA

      2. 6.4.2 Arla Foods amba

      3. 6.4.3 Morinaga Nutritional Foods, Inc.

      4. 6.4.4 Chr Hansen

      5. 6.4.5 Danone Groupe SA

      6. 6.4.6 Chobani, LLC.

      7. 6.4.7 Pillars

      8. 6.4.8 Schreiber Foods

      9. 6.4.9 China Mengniu Dairy Company Limited

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

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

The Dairy Based Beverages Market is growing at a CAGR of 6.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Nestle SA, Arla Foods amba, Morinaga Nutritional Foods, Inc., Chr Hansen, Danone Groupe SA are the major companies operating in Dairy Based Beverages Market.

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