Market Size of North America Dairy Beverages Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.23 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Dairy Based Beverages Market Analysis
North America dairy beverages market is expected to register a CAGR of 6.23%, during the forecast period of 2020-2025.
- The demand of new flavored and nutrition rich dairy product gaining popularity, as the consumers are shifting to the vegan diet to fulfill their nutrition needs. The market of flavored milk is the major focus for increasing the growth in this sector.
- Increasing consumer awareness, especially for functional foods and dietary supplements, has been a majorfactor for market development in recent times.