How big is the milkshake market | Size & Trends 2031

How big is the milkshake market?

The market is growing due to the demand for decadent drinks, new flavor combinations, and the introduction of milkshake varieties with a health focus. Two additional factors driving this growth are the growing popularity of eating on the go and the expansion of upscale milkshake options in quick-service restaurants.

Growth Factors for Milkshake Market

• Consumer demand for portable, ready-to-drink beverages is rising.
• Unusual and customizable milkshake Flavors are growing in popularity.
• Fast-paced lifestyles and urbanization, convenient dairy options are growing in popularity.
• The availability of milkshakes is being improved by expanding foodservice and café chains around the world.
• Introduction of low-sugar, organic, and protein-enriched products for health-conscious consumers.
• Expansion of the selection of plant-based milkshakes to accommodate customers who are lactose intolerant and vegan.

Milkshake Market Trends

The Milkshake Market is seeing a shift toward premium, healthy, and vegan options. There is a market for flavored and functional milkshakes that contain probiotics, proteins, and vitamins. Additionally influencing consumer behavior, particularly among Gen Z and millennials, are eco-friendly packaging, plant-based ingredients, and digital marketing through online delivery apps.

Emerging Developments in the Milkshake Market

Collagen, adaptogens, and dairy-free bases like oat and almond milk are  all inculding in emerging developments in the milkshake market. AI-powered flavor personalization and automated milkshake kiosks are also growing in popularity. Region-specific seasonal flavors and limited editions are helping businesses keep customers interested.Packaging and sustainable sourcing are emerging as important differentiators for brands.

List of Leading Companies in the Milkshake Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Nestle S.A.

This company produces a broad range of ready-to-drink milkshake products under popular brands like Nesquik with worldwide distribution.

2. Danone S.A.

This company offers health-oriented milkshakes and dairy beverages enriched with functional ingredients such as probiotics and vitamins.

3. The Hershey Company

This company leverages its confectionery expertise to deliver indulgent chocolate milkshakes across North America.

4. Dean Foods (DairyPure)

This company offers shelf-stable and refrigerated milkshakes with a focus on freshness and clean-label ingredients.

5. FrieslandCampina

This company markets dairy-based beverages including milkshakes under brands like Yazoo and Fristi in Europe and Asia.

How big is the milkshake market: FAQs