Low-fat Dairy Beverages

Low-fat Dairy Beverages

Global Low-fat Dairy Beverages Market to Reach US$24.4 Billion by 2030

The global market for Low-fat Dairy Beverages estimated at US$20.5 Billion in the year 2023, is expected to reach US$24.4 Billion by 2030, growing at a CAGR of 2.5% over the analysis period 2023-2030. Low-Fat Milk, one of the segments analyzed in the report, is expected to record a 3.0% CAGR and reach US$15.4 Billion by the end of the analysis period. Growth in the Low-Fat Yogurt Drink segment is estimated at 2.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.6 Billion While China is Forecast to Grow at 4.6% CAGR

The Low-fat Dairy Beverages market in the U.S. is estimated at US$5.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2030 trailing a CAGR of 4.6% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Low-fat Dairy Beverages- Key Trends and Drivers

Low-fat dairy beverages are milk and milk-based drinks that have had most of the fat content removed to create a healthier, lower-calorie alternative to whole milk products. These beverages include skim milk, 1% or 2% fat milk, and other dairy-based drinks such as low-fat yogurt drinks, kefir, and flavored milks. Low-fat dairy beverages maintain most of the essential nutrients found in full-fat dairy, such as calcium, protein, and vitamins, making them a popular choice for health-conscious consumers seeking to reduce their fat intake without sacrificing nutritional benefits.

In recent years, the market for low-fat dairy beverages has expanded significantly, driven by an increasing awareness of the health risks associated with high-fat diets, such as obesity, cardiovascular disease, and diabetes. Consumers are increasingly opting for low-fat alternatives as part of a broader trend towards healthier eating habits. Manufacturers have responded to this demand by innovating and expanding their product lines, offering a variety of flavors and fortified options to appeal to diverse consumer preferences. Additionally, advancements in processing technologies have improved the taste and texture of low-fat dairy beverages, making them more palatable and comparable to their full-fat counterparts.

The growth in the low-fat dairy beverages market is driven by several factors. A major driver is the rising health consciousness among consumers, who are actively seeking products that support weight management and overall wellness. The increasing prevalence of lifestyle diseases has prompted a shift towards preventive healthcare, where diet plays a crucial role. Technological advancements in dairy processing, such as ultra-filtration and high-pressure processing, have enhanced the quality and shelf-life of low-fat dairy products, making them more appealing to consumers. Additionally, the growing popularity of functional foods, which provide additional health benefits beyond basic nutrition, has led to the development of fortified low-fat dairy beverages enriched with probiotics, vitamins, and minerals. The trend towards sustainable and ethical consumption has also influenced the market, with consumers favoring brands that adopt environmentally friendly practices and source their ingredients responsibly. Lastly, the expansion of retail channels, including e-commerce, has made low-fat dairy beverages more accessible to a wider audience, further driving market growth.

Select Competitors (Total 36 Featured) -

• American Dairy Association North East
• Ananda Dairy Ltd.
• Arla Foods Amba
• BordenDairy
• Chobani LLC
• Dairy Farmers of America
• Darigold, Inc.
• HP Hood LLC
• Maola Local Dairies
• Megmilk Snow Brand Co., Ltd.
• Meyenberg Goat Milk Products
• Nestle Middle East FZE

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