Dairy Beverage Market Size, Share, Trends and Forecast, 2032

According to the report published by Zion Market Research, the global Dairy Beverage Market size was valued at USD 75.62 Billion in 2023 and is predicted to reach USD 117.29 B Million by the end of 2032. The market is expected to grow with a CAGR of 5.12% during the forecast period. The report analyzes the global Dairy Beverage Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Dairy Beverage Market industry.

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Global Dairy Beverage Market: Overview

Dairy beverages are known to be the fundamental source of nutrition and energy for the human body. These beverages are very beneficial for people of all age groups. Dairy beverages include condensed milk, yogurt, buttermilk, powder milk, and many others. These beverages consist of different vitamins and minerals like calcium, omega 3, phytosterol, protein, fiber, magnesium, and many others. These beverages are available in different flavors. Moreover, the dairy beverages are also widely utilized in the manufacturing of dairy products, confectioneries, bakeries, and many others.

Global Dairy Beverage Market: Growth Factors

One of the major factors driving the growth of the global dairy beverage market is the growing demand from consumers for nutrition-rich and convenient to drink beverages. Moreover, the significant spike in the consumption of probiotic beverages all over the world is likely to boost the growth of the global dairy beverage market during the forecast period. The unique strategies used by the manufacturers to boost the consumption of dairy beverages like availability of the sterilized milk have significantly boosted the growth of the market globally.

Sterilized milk has a comparatively longer shelf life and it does not form cream on the top owing to the homogeneous processing of the product. Moreover, sterilized milk has helped people to buy and store the beverage for a longer time, and thus people are now willing to purchase more milk than ever before. Moreover, the rigorous marketing strategies and convenient facilities provided by manufacturers like on-the-door services have bolstered the growth of the global dairy beverage market.

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Global Dairy Beverage Market: Segmentation

The global dairy beverage market can be segmented into the distribution channel, packaging, type, category and region.

By distribution channel, the market can be segmented into specialty stores, convenience stores, hypermarkets, and others. The hypermarket segment holds the largest share in the global dairy beverage market. The growth can be attributed to the attractive discounts and bundling schemes offered by hypermarkets. Moreover, the growing trend of frequent visits to the hypermarkets due to the easy shopping and availability of a large number of products is further propelling the growth of the segment.

By packaging, the market can be segmented into bottles, cans, and cartons. The cartons segment holds hegemony over others. Its dominance can be attributed to the biodegradable nature of these cartons along with the ease of transportation.

By type, the market can be segmented into kefir, buttermilk, milk, and others. The milk segment accounts for the largest share in the global dairy beverage market.

By category, the market can be segmented into unflavored and flavored beverages. The flavored beverages segment accounts for the largest share in the global dairy beverage market due to its growing popularity especially among the children across the globe.

Dairy Beverage Market : Report Scope

Global Dairy Beverage Market: Regional analysis

North America accounts for the largest share in the global dairy beverage market due to the surging consumption of functional beverages. Moreover, the significant spike in the working population has increased the reliance of people on ready-to-drink beverages and thus has significantly boosted the growth of the regional market.

Asia Pacific is anticipated to witness growth during the forecast period owing to the rising consumption of dairy products in the region. The growing economies like China, Vietnam, and India are among the highest dairy beverage consumers in the region. The increasing population in the region has significantly contributed to the growth of the regional market.

Europe is also anticipated to foresee substantial growth due to the growing inclination of consumers towards healthy drinks. The rigorous strategies of manufacturers in the region to launch new variants with added flavors have significantly boosted the growth of regional markets.

Global Dairy Beverage Market: Competitive Players

Some of the significant players in the global dairy beverage market are:

• Kerry, Inc.
• Uelzena Group
• Interfood, Inc.
• Dairy Farmers of America, Inc.
• Dean Foods Company
• Agri-Mark, Inc.
• The Dannon Company, Inc.
• Yoplait, Inc.
• The Whitewave Foods Company
• Grupo Leche Pascual SA
• Organic Valley
• Lactalis Group.

The Global Dairy Beverage Market is segmented as follows:

By Distribution channel 

• specialty stores
• convenience stores
• hypermarkets 
• and others 

By Packaging 

• bottles 
• cans 
• cartons 

By Type

• kefir 
• buttermilk 
• milk
• and others 

By Category 

• unflavored
• flavored beverages

Global Dairy Beverage Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.