Global Milk-Based Drinks Market- Industry Trends and Forecast to 2030
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 SegmentationGlobal 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 PlayersSome 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.
• Nestlé
• THE HERSHEY COMPANY
• Oatly Inc
• YEO HIAP SENG LTD
• Valsoia S.p.A.
• GCMMF
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