Global Dairy-Based Beverages Market Set to Surge by USD 41.95 Billion by 2027

The market is estimated to grow at a CAGR of 5.66% during the forecast period. APAC held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 35%.

The European dairy-based beverages market is experiencing significant growth, driven by factors such as urbanization, health consciousness, and increasing awareness of organic products. With a high percentage of the female population in Germany, France, Italy, Denmark, and the UK, the demand for calcium-rich dairy drinks is high to mitigate the risk of bone diseases like osteoporosis. This market encompasses various product categories, including carbonated drinks, drinkable yogurts, and functional beverages.

Essential nutrients like Vitamin D, Calcium, Potassium, Magnesium, Vitamin A, Proteins, Antioxidants, Omega fatty acids, and Phytosterols are essential components of these beverages. Innovative products like Sunfeast Wonderz Milk, Fruit 'n' Milk, Shakes Classic Vanilla, NutShakes Kesar Badam, and drinkable yogurts cater to diverse consumer preferences. Probiotics drinks and milk segment dominate the market, with flavored dairy drinks gaining popularity. Packaging in cartons and availability in supermarkets, hypermarkets, and convenience stores further enhance accessibility. Product launches, technology analysis, and awareness campaigns continue to shape the market landscape.