The global milk-based drinks market is expected to reach USD 6,636,427.80 thousand by 2030 from USD 4,738,500.00 thousand in 2022, growing at a CAGR of 4.4% during the forecast period of 2023 to 2030.
Market Segmentation
Global Milk-Based Drinks Market, By Product (Animal-Based Milk and Plant-Based Milk), Flavor (Flavored and Unflavored/Plain), Nature (Organic and Conventional), Distribution Channel (Store Based Retailer and Non-Store Retailer), Country (U.S., Canada, Mexico, Germany, Italy, U.K., Spain, France, Belgium, Netherlands, Switzerland, Russia, Turkey, Rest of Europe, India, China, Japan, Australia & New Zealand, South Korea, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Israel, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.
Overview of Global Milk-Based Drinks Market Dynamics
- Driver
- Growing popularity of convenience and fast-paced lifestyles
- Restraint/Challenge
- Rising lactose intolerance and dairy allergies
- Opportunity
- Increasing favorability of vegan and plant-based dietary choices
Market Players
Some of the key market players operating in the global milk-based drinks market are:
- Califia Farms, LLC
- MOOALA BRANDS, LLC.
- Chobani, LLC.
- Simple Foods Co., Ltd.
- TURM-Sahne GmbH
- Sanitarium
- Arla Foods amba
- RUDE HEALTH
- Danone S.A.
- Nestle
- THE HERSHEY COMPANY
- Oatly Inc
- YEO HIAP SENG LTD
- Valsoia S.p.A.
- GCMMF
TABLE OF CONTENTS
1 INTRODUCTION 24
- 1.1 OBJECTIVES OF THE STUDY 24
- 1.2 MARKET DEFINITION 24
- 1.3 OVERVIEW 24
- 1.4 LIMITATIONS 25
- 1.5 MARKETS COVERED 25
2 MARKET SEGMENTATION 29
- 2.1 MARKETS COVERED 29
- 2.2 GEOGRAPHICAL SCOPE 30
- 2.3 YEARS CONSIDERED FOR THE STUDY 31
- 2.4 CURRENCY AND PRICING 31
- 2.5 DBMR TRIPOD DATA VALIDATION MODEL 32
- 2.6 MULTIVARIATE MODELING 35
- 2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 36
- 2.8 DBMR MARKET POSITION GRID 37
- 2.9 DBMR VENDOR SHARE ANALYSIS 38
- 2.10 SECONDARY SOURCES 39
- 2.11 ASSUMPTIONS 40
3 EXECUTIVE SUMMARY 41
4 PREMIUM INSIGHTS 43
5 MARKET OVERVIEW 44
- 5.1 DRIVERS 46
- 5.1.1 GROWING POPULARITY OF CONVENIENCE AND FAST-PACED LIFESTYLES 46
- 5.1.2 INCREASING CONSUMER CONSCIOUSNESS REGARDING HEALTH AND WELL-BEING 46
- 5.1.3 ONGOING PRODUCT INNOVATION AND THE EMERGENCE OF DISTINCTIVE AND EXOTIC FLAVORS 47
- 5.2 RESTRAINTS 48
- 5.2.1 RISING LACTOSE INTOLERANCE AND DAIRY ALLERGIES 48
- 5.2.2 SUPPLY CHAIN DISRUPTIONS DUE TO VARIOUS FACTORS 49
- 5.3 OPPORTUNITIES 50
- 5.3.1 INCREASING FAVORABILITY OF VEGAN AND PLANT-BASED DIETARY CHOICES 50
- 5.4 CHALLENGE 50
- 5.4.1 STRINGENT RULES AND REGULATIONS 50
6 GLOBAL MILK-BASED DRINKS MARKET BY GEOGRAPHY 52
- 6.1 OVERVIEW 52
- 6.2 ASIA PACIFIC 55
- 6.3 NORTH AMERICA 80
- 6.4 EUROPE 89
- 6.5 SOUTH AMERICA 114
- 6.6 MIDDLE EAST & AFRICA 122
7 GLOBAL MILK-BASED DRINKS MARKET: COMPANY LANDSCAPE 137
- 7.1 COMPANY SHARE ANALYSIS: GLOBAL 137
- 7.2 COMPANY SHARE ANALYSIS: EUROPE 138
- 7.3 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 139
- 7.4 COMPANY SHARE ANALYSIS: NORTH AMERICA 140
- 7.5 PARTNERSHIPS AND ACQUISITION 141
- 7.6 BUSINESS EXPANSION 141
- 7.7 NEW PRODUCT LAUNCH 142
8 SWOT ANALYSIS 143
9 COMPANY PROFILES 144
- 9.1 OATLY INC 144
- 9.1.1 COMPANY SNAPSHOT 144
- 9.1.2 REVENUE ANALYSIS 144
- 9.1.3 COMPANY SHARE ANALYSIS 145
- 9.1.4 PRODUCT PORTFOLIO 145
- 9.1.5 RECENT DEVELOPMENT 146
- 9.2 DANONE S.A. 147
- 9.2.1 COMPANY SNAPSHOT 147
- 9.2.2 REVENUE ANALYSIS 147
- 9.2.3 COMPANY SHARE ANALYSIS 148
- 9.2.4 PRODUCT PORTFOLIO 148
- 9.2.5 RECENT DEVELOPMENTS 148
- 9.3 ARLA FOODS AMBA 149
- 9.3.1 COMPANY SNAPSHOT 149
- 9.3.2 COMPANY SHARE ANALYSIS 149
- 9.3.3 PRODUCT PORTFOLIO 150
- 9.3.4 RECENT DEVELOPMENT 150
- 9.4 NESTLE 151
- 9.4.1 COMPANY SNAPSHOT 151
- 9.4.2 REVENUE ANALYSIS 152
- 9.4.3 COMPANY SHARE ANALYSIS 152
- 9.4.4 PRODUCT PORTFOLIO 153
- 9.4.5 RECENT DEVELOPMENTS 153
- 9.5 GCMMF 154
- 9.5.1 COMPANY SNAPSHOT 154
- 9.5.2 COMPANY SHARE ANALYSIS 154
- 9.5.3 PRODUCT PORTFOLIO 155
- 9.5.4 RECENT DEVELOPMENTS 155
- 9.6 CALIFIA FARMS, LLC 156
- 9.6.1 COMPANY SNAPSHOT 156
- 9.6.2 PRODUCT PORTFOLIO 156
- 9.6.3 RECENT DEVELOPMENTS 156
- 9.7 CHOBANI, LLC 157
- 9.7.1 COMPANY SNAPSHOT 157
- 9.7.2 PRODUCT PORTFOLIO 157
- 9.7.3 RECENT DEVELOPMENTS 157
- 9.8 MOOALA BRANDS, LLC. 158
- 9.8.1 COMPANY SNAPSHOT 158
- 9.8.2 PRODUCT PORTFOLIO 158
- 9.8.3 RECENT DEVELOPMENTS 159
- 9.9 RUDE HEALTH 160
- 9.9.1 COMPANY SNAPSHOT 160
- 9.9.2 PRODUCT PORTFOLIO 160
- 9.9.3 RECENT DEVELOPMENTS 160
- 9.10 SANITARIUM 161
- 9.10.1 COMPANY SNAPSHOT 161
- 9.10.2 PRODUCT PORTFOLIO 161
- 9.10.3 RECENT DEVELOPMENTS 162
- 9.11 SIMPLE FOODS CO., LTD. 163
- 9.11.1 COMPANY SNAPSHOT 163
- 9.11.2 PRODUCT PORTFOLIO 163
- 9.11.3 RECENT DEVELOPMENTS 163
- 9.12 THE HERSHEY COMPANY 164
- 9.12.1 COMPANY SNAPSHOT 164
- 9.12.2 REVENUE ANALYSIS 164
- 9.12.3 PRODUCT PORTFOLIO 165
- 9.12.4 RECENT DEVELOPMENT 165
- 9.13 TURM-SAHNE GMBH 166
- 9.13.1 COMPANY SNAPSHOT 166
- 9.13.2 PRODUCT PORTFOLIO 166
- 9.13.3 RECENT DEVELOPMENTS 166
- 9.14 VALSOIA S.P.A. 167
- 9.14.1 COMPANY SNAPSHOT 167
- 9.14.2 REVENUE ANALYSIS 167
- 9.14.3 PRODUCT PORTFOLIO 168
- 9.14.4 RECENT DEVELOPMENT 168
- 9.15 YEO HIAP SENG LTD 169
- 9.15.1 COMPANY SNAPSHOT 169
- 9.15.2 REVENUE ANALYSIS 169
- 9.15.3 PRODUCT PORTFOLIO 170
- 9.15.4 RECENT DEVELOPMENTS 170
10 QUESTIONNAIRE 171
11 RELATED REPORTS 173