Dairy Beverages Market 2021 – Global Industry Market Report 2027
Market Highlights The dairy industry is growing worldwide due to changing consumer preferences and increasing purchasing power. The global dairy beverages market is expected to reach a market value of USD 91 Billion by 2024 at a CAGR of 5.5% during the period of 2019 to 2024. A variety of dairy beverages have been introduced by companies with different characteristics and forms to cater to the demand for enhanced flavor and texture. The dairy based beverages market is monopolistically competitive in nature due to the presence of several vendors and customers in the market and limited barriers for the entry of new players. To overcome the challenges in such a competitive market, prominent players are focusing on product launches, partnerships, mergers & acquisitions, and expansions in terms of production capacity and geographic reach. This is expected to drive the demand for dairy beverages among consumers across the world. Key Players Some of the key players in the global dairy b