Dairy Drinks Market Size, Share, Growth Analysis, By Type(Drinking yogurt, milk, kefir), By Category (Flavoured milk and unflavoured milk ), By Distribution channel(Super markets, convenience stores, specialty stores, online channel), By Region - Industry Forecast 2024-2031

Dairy Drinks Market size was valued at USD 70.19 billion in 2021 and is poised to grow from USD 73.77 billion in 2022 to USD 109.82 billion by 2030, at a CAGR of 5.10% during the forecast period (2023-2030).

dairy drinks market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Dohler GmbH', 'Corbion NV', 'Cargill Incorporated', 'GCMMF Ltd.', 'Kerry Group plc', 'Saputo Inc.', 'Nestle SA', 'Chobani', 'Dean Foods', 'Fonterra Co-operative Group Limited'

The attraction of consumers increased significantly due to the formulation of functional beverages with new and mouth-watering flavours by producers. Also, because of the several benefits for the immune system facilitated by dairy drinks and other functional drinks, its consumption is quickly increasing. Consumers' preferences towards nutritionally rich and readymade beverages has increased with the increasing awareness to keep the body safe from different diseases. Growing demand for drinkable yogurts is driving the sales performance of dairy drinks and these can be consumed on a regular way, daily, with no side effects which is propelling the market’s growth.

The unique taste and functional properties over other dairy-based beverages has increased with the increasing demand for drinkable yogurt in the last few years. These quality drinks provide a rich amount of nutrients including vitamin A, vitamin D, calcium, potassium, magnesium which gives positive nutrition and help reduce nutritional deficiency. Moreover, the product launches by the leading players in a consistent way such as aloe vera infused yogurt drinks and ragi infused yogurt drinks in the market have further boosted the dairy beverages market.

North America is anticipated to hold the largest market share to the increasing consumption of functional beverages. The dependence on ready-made drinks beverages increased due to the rising number of working-population has turned the growth of the dairy drinks market in the region over the forecast period. The organic dairy product holds the second position in the food category in this region, which contributes to the regional growth of the dairy drinks market.

Dairy Drinks Market size was valued at USD 73.77 billion in 2022 and is poised to grow from USD 77.53 billion in 2023 to USD 115.43 billion by 2031, growing at a CAGR of 5.10% during the forecast period (2024-2031).

dairy drinks market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Nestle', 'Danone', 'Arla Foods', 'Fonterra', 'Lactalis Group', 'Yili Group', 'Mengniu Dairy', 'FrieslandCampina', 'Inner Mongolia Yili Industrial Group Co Ltd', 'Meiji Co Ltd', 'Royal FrieslandCampina N.V.', 'China Mengniu Dairy Company Limited', 'Dean Foods', 'Unilever', 'Grupo Lala', 'Bright Food Group Co., Ltd.', 'Morinaga Milk Industry Co., Ltd.', 'Parmalat S.p.A.', 'Yakult Honsha Co., Ltd.', 'Sodiaal'

The attraction of consumers increased significantly due to the formulation of functional beverages with new and mouth-watering flavours by producers. Also, because of the several benefits for the immune system facilitated by dairy drinks and other functional drinks, its consumption is quickly increasing. Consumers' preferences towards nutritionally rich and readymade beverages has increased with the increasing awareness to keep the body safe from different diseases. Growing demand for drinkable yogurts is driving the sales performance of dairy drinks and these can be consumed on a regular way, daily, with no side effects which is propelling the market’s growth.

The unique taste and functional properties over other dairy-based beverages has increased with the increasing demand for drinkable yogurt in the last few years. These quality drinks provide a rich amount of nutrients including vitamin A, vitamin D, calcium, potassium, magnesium which gives positive nutrition and help reduce nutritional deficiency. Moreover, the product launches by the leading players in a consistent way such as aloe vera infused yogurt drinks and ragi infused yogurt drinks in the market have further boosted the dairy beverages market.

North America is anticipated to hold the largest market share to the increasing consumption of functional beverages. The dependence on ready-made drinks beverages increased due to the rising number of working-population has turned the growth of the dairy drinks market in the region over the forecast period. The organic dairy product holds the second position in the food category in this region, which contributes to the regional growth of the dairy drinks market.