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Monday, November 6, 2023

Africa Dairy Based Beverages Market Price, Share, Size, Trends, Report And Forecast 2024-2032

Africa Dairy Based Beverages Market Outlook

According to a new report by Expert Market Research titled, “Africa Dairy Based Beverages Market Share, Size, Analysis, Report and Forecast 2024-2032″, Africa dairy based beverages market is projected to grow at a CAGR of 3.80% between 2024 and 2032. Aided by adoption of healthy eating and drinking habits and rising availability of the product across various distribution channels, the market is expected to grow significantly by 2032.

Dairy-based beverages, encompassing products such as yoghurt drinks, milkshakes, lassis, and flavoured milk, are deeply rooted in various African cultures and cuisines. They not only serve as refreshing drinks but also carry significant health benefits, primarily due to their calcium and protein content. Such beverages are pivotal in aiding bone health, ensuring digestion, and providing essential vitamins and minerals to consumers.

Africa Dairy Based Beverages Market

The escalating Africa dairy based beverages market demand can be attributed to a myriad of factors. The foremost is the nutritional component of these beverages. The urban and younger population of Africa is becoming increasingly health-conscious, gravitating towards drinks that offer both taste and health benefits. Dairy-based beverages, rich in essential nutrients, cater perfectly to this demand.

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Further propelling the Africa dairy based beverages market growth is the ease of consumption offered by these beverages. In a fast-paced world, consumers are on the lookout for products that can be consumed on-the-go without much hassle. Dairy-based beverages, with their convenient packaging and single-serve sizes, align well with the urban African lifestyle.

Moreover, innovation is playing a critical role in this market’s trajectory. Manufacturers are introducing a variety of flavours and fortified products – from chocolate and strawberry to those enriched with vitamins and minerals. This constant innovation is not only retaining the interest of existing consumers but also attracting new ones, broadening the Africa dairy based beverages market share.

Manufacturers are experimenting with dairy alternatives like almond, soy, and oat to cater to this emerging consumer base. Such innovative products, while retaining the texture and richness of traditional dairy beverages, are hypoallergenic and cater to vegan consumers.

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The dairy industry’s advancements in Africa also support the dairy-based beverage sector. Enhanced cold storage facilities, better logistics, and increased dairy production are ensuring that manufacturers have consistent access to quality raw materials. This guarantees the production of high-quality beverages, bolstering consumer trust and fostering Africa dairy based beverages market expansion.

Africa Dairy Based Beverages Market Segmentation

The market can be divided based on type, category, distribution channel, and country.

Market Breakup by Type

  • Milk
  • Yogurt
  • Others

Market Breakup by Category

  • Unflavoured Drinks
  • Flavoured Drinks

Market Breakup by Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others

Market Breakup by Region

  • South Africa
  • Egypt
  • Nigeria
  • Algeria
  • Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Africa dairy based beverages market. Some of the major players explored in the report by Expert Market Research are as follows:

  • NestlĂ© S.A.
  • Danone S.A.
  • Clover S.A. (Pty) Ltd.
  • Parmalat SA (Pty) Ltd.
  • First Choice Dairy (Woodlands Dairy)
  • NOMU
  • Unique Dairy Products
  • Chr. Hansen Holding A/S
  • Fair Cape Dairies
  • Lancewood Holdings Ltd.
  • ButtaNutt
  • Others

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