Nutrient-rich flavoured milk comes in various flavours that offer the same unique nutrient package of nine essential nutrients like Calcium, Potassium, Phosphorus, Protein, Vitamins A, D and B12, Riboflavin and Niacin present in unflavoured milk. By flavours the global flavoured milk comes in flavours such as chocolate, fruit, and vanilla. Flavoured milk is the most popular milk choice, a highly palatable, nourishing beverage that can help meet prevailing daily dairy food and calcium intake recommendations, particularly for children. Further, the new developments in flavours and packaging are trending in the global flavoured milk market, with companies introducing locally preferred flavours. Remarkably, there is a preference for fruit flavours among youngsters.
Advancement in Packaging Techniques has helped the Dairy Companies to make more Profit on the Flavoured Milk Products
In addition, the rising consumption of flavoured milk and changing lifestyles has challenged the global industry to develop deeper into more innovative packaging solutions. Packaging that is durable, cost-effective, and recyclable exert less energy and water and emit more negligible greenhouse gases. The advancement in packaging techniques has helped the dairy companies extend the shelf life of the flavoured milk products and facilitate their transport to the global market. Based on packaging, the flavoured milk market in the report is segmented as paper-based packaging, plastic-based packaging, glass bottles, and metal cans.
In recent years, the boom in the global retail sector has triggered the way milk is packaged. Plastic packaging offers cascading benefits to the value chain in the form of extended food life without needing refrigeration and reduced transportation emissions. Also, using plastic packaging instead of cartons is further helping to cut down environmental costs to nearly four times less than conventional alternatives. As per the analysis, The Global Flavoured Milk Industry will likely grow at a CAGR of 5.54% from 2020-2027.
COVID-19 Impact Flavoured Milk Market Size
The COVID-19 pandemic outbreak has created a situation of uncertainty in the market growth of many industries globally. The pandemic outbreak has affected factors and has changed the complete dynamics of the market in ways that are hard to believe. As fact to be believed, as per the analysis market will recover during the forecast period.
Based on Distribution Channels
The market is segmented as convenience stores, supermarkets/ hypermarkets, and online retail stores. Flavoured Milk distribution channels present globally outline the overall game plan for finding clients and customers for the industry. The numerous strategy incorporated by the distribution channels works in co-ordination with the 5 Ps of marketing (place, price, product, promotion and people) to develop the tactics and actions that will achieve the global distribution objectives. the research suggests that Worldwide Flavoured Milk Market Size was valued US$ 34.56 Billion in 2020.
Regional Analysis: Asia-Pacific is emerging as a big market for Flavoured Milk
The global flavoured milk market report revolves around key regions, including North America, Europe, Asia-Pacific, South America and Middle East & Africa. The regional markets are witnessing high levels of milk consumption, and flavoured products have gained a prominent position globally due to their prevalence in public schools, particularly in the North American region. Additionally, the Asia Pacific region market is witnessing a growing demand for flavoured milk products because of the rising disposable incomes in the area. The Asia-Pacific region also presents a significant opportunity for global players. Due to the lack of long-established innovations in the region, there is substantial scope for introducing new variants of flavoured milk.
Companies Launching Low-Sugar and Fat-Free Varieties of Flavoured Milk Products to garner the Diabetic and Health-Conscious Customers
Furthermore, the global flavoured milk market is fragmented with a few global players such as Nestlé S.A., Danone SA, Arla Foods Amba, Saputo Inc., Hershey's and Fonterra Co-operative Group. The key players are observed to be launching flavoured milk varieties with enhanced functional properties. Moreover, the key players also offer low-sugar and fat-free varieties of flavoured milk products to penetrate the increased diabetic and health-conscious population. Companies are introducing on-the-go flavoured milk to increase their offerings and customer base, acknowledging the opportunity posed by busier lifestyles and the necessity for convenience.
This latest report “Flavoured Milk Market, Global Forecast By Type (Long-Life Flavoured Milk, Fresh Flavoured Milk and Other), Flavour (Chocolate, Fruit, Vanilla and Others), Application (Powder, Premix, Fresh and Others), Packing Type (Paper Based, Plastic Based, Glass Based, Metal Based and Others), Distribution Channel (Hypermarkets/Supermarket, Convenience Stores, Online and Others), Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa), Key Players (Danone SA, Arla Foods Amba, Saputo Inc., Hershey's and Fonterra Cooperative Group)” provides a detailed analysis of Global Flavoured Milk Industry.
Type - Global Flavoured Milk Market has been covered from 3 viewpoints:
1. Long-Life Flavoured Milk
2. Fresh Flavoured Milk
3. Other
Flavour - Global Flavoured Milk Market has been covered from 4 viewpoints:
1. Chocolate
2. Fruit
3. Vanilla
4. Others
Application - Global Flavoured Milk Market has been covered from 4 viewpoints:
1. Powder
2. Premix
3. Fresh
4. Others
Packing Type - Global Flavoured Milk Market has been covered from 5 viewpoints:
1. Paper Based
2. Plastic Based
3. Glass Based
4. Metal Based
5. Others
Distribution Channel - Global Flavoured Milk Markethas been covered from 5 viewpoints:
1. Hypermarkets/Supermarket
2. Convenience Stores
3. Online
4. Others
Region - Global Flavoured Milk Market has been covered from 5 viewpoints:
1. North America
2. Europe
3. Asia-Pacific
4. South America
5. Middle East & Africa
Key Players Analysis
1. Danone SA
2. Arla Foods amba
3. Saputo Inc.
4. Hershey's
5. Fonterra Co-orperative Group
What is the estimated value of the Global Flavoured Milk Market?
What is the growth rate of the Global Flavoured Milk Market?
What is the forecasted size of the Global Flavoured Milk Market?
Who are the key companies in the Global Flavoured Milk Market?
Report Attribute | Details |
---|---|
No. of Pages | 165 |
Published | September 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 34.56 Billion |
Forecasted Market Value ( USD | $ 50.41 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- Danone SA
- Arla Foods amba
- Saputo Inc.
- Hershey's
- Fonterra Co-orperative Group
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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