The global flavoured milk market size reached US$ 53.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 79.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
Flavoured milk is a processed, ready-to-drink dairy beverage that is prepared with milk, sugar, sweeteners, stabilizer, and different flavouring agents. It is processed using the pasteurization process to facilitate its storage for an extended period. Nowadays, there is a wide variety of flavoured milk available in the market, ranging from whole milk to thick milkshakes. It is rich in essential nutrients, including niacin, calcium, potassium, phosphorous, protein, riboflavin and vitamins A, D and B12. In recent years, flavoured milk has gained popularity, especially among children, due to its variety of flavours and appealing taste.
2. What is the expected growth rate of the global flavoured milk market during 2023-2028?
3. What has been the impact of COVID-19 on the global flavoured milk market?
4. What are the key factors driving the global flavoured milk market?
5. What is the breakup of the global flavoured milk market based on the flavour?
6. What is the breakup of the global flavoured milk market based on the distribution channel?
7. What are the key regions in the global flavoured milk market?
8. Who are the key players/companies in the global flavoured milk market?
Flavoured milk is a processed, ready-to-drink dairy beverage that is prepared with milk, sugar, sweeteners, stabilizer, and different flavouring agents. It is processed using the pasteurization process to facilitate its storage for an extended period. Nowadays, there is a wide variety of flavoured milk available in the market, ranging from whole milk to thick milkshakes. It is rich in essential nutrients, including niacin, calcium, potassium, phosphorous, protein, riboflavin and vitamins A, D and B12. In recent years, flavoured milk has gained popularity, especially among children, due to its variety of flavours and appealing taste.
Flavoured Milk Market Trends:
The global flavoured milk market is primarily driven by the growing health-consciousness among consumers. This has encouraged them to opt for healthier drinks like flavoured milk over carbonated, soft and energy drinks. The increasing awareness about the importance of maintaining a healthy diet has further prompted them to shift toward organic flavoured milk variants with low-calorie sweeteners. In addition to this, rapid urbanization and increasing disposable incomes of consumers across the globe are positively influencing the market growth. Furthermore, with advancements in packaging techniques, the leading dairy companies are adding silver-based micro-particles with antimicrobial and self-sterilizing properties into the containers to enhance the shelf-life and maintain the taste of flavoured milk. Several manufacturers are also fortifying their products with added vitamins and minerals.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global flavoured milk market report, along with forecasts at the global and regional level from 2023-2028. The report has categorized the market based on flavour, packaging and distribution channel.Breakup by Flavour:
- Chocolate
- Fruit
- Vanilla
- Others
Breakup by Packaging:
- Paper Based
- Plastic Based
- Glass Based
- Metal Based
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Regional Insights:
- Asia Pacific
- North America
- Latin America
- Western Europe
- Africa
- Eastern Europe
Competitive Landscape:
The competitive landscape of the market is also characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are Nestle S.A., Danone S.A., Arla Foods amba, Yili Industrial Group Co. Ltd., Dairy Farmers of America, Inc. and China Mengniu Dairy Co., Ltd.Key Questions Answered in This Report
1. What was the size of the global flavoured milk market in 2022?2. What is the expected growth rate of the global flavoured milk market during 2023-2028?
3. What has been the impact of COVID-19 on the global flavoured milk market?
4. What are the key factors driving the global flavoured milk market?
5. What is the breakup of the global flavoured milk market based on the flavour?
6. What is the breakup of the global flavoured milk market based on the distribution channel?
7. What are the key regions in the global flavoured milk market?
8. Who are the key players/companies in the global flavoured milk market?
Table of Contents
1 Preface3 Executive Summary10 Competitive Landscape13 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 Global Flavoured Milk Industry
6 Performance of Key Regions
7 Market Breakup by Flavour
8 Market Breakup by Packaging
9 Market Breakup by Distribution Channel
11 Flavoured Milk Manufacturing Process
12 Project Details, Requirements and Costs Involved
14 Project Economics
15 Key Player Profiles
Companies Mentioned
- Nestle S.A.
- Danone S.A.
- Arla Foods amba
- Yili Industrial Group Co. Ltd.
- Dairy Farmers of America Inc.
- China Mengniu Dairy Co. Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 139 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 53.2 Billion |
Forecasted Market Value ( USD | $ 79.4 Billion |
Compound Annual Growth Rate | 6.9% |
Regions Covered | Global |
No. of Companies Mentioned | 6 |