According to the report the global flavoured milk market reached a value of about USD 53.65 billion in 2022. Aided by increasing demand for chocolate milk and rising awareness regarding the nutritional benefits of flavoured milk, the market is projected to further grow at a CAGR of 8% between 2023 and 2028 to reach a value of nearly USD 85.15 billion by 2028.
Flavoured milk is milk that has been homogenised and pasteurised and then enriched with various flavours, colours, and sweeteners. A ubiquitous beverage, it serves as a refreshing alternative to plain milk and has captured the fancy of both children and adults alike. While it tantalises the taste buds with its diverse range of flavours, such as chocolate, vanilla, strawberry, and more, it simultaneously ensures the consumer doesn't miss out on essential nutrients inherent to milk. A powerhouse of calcium, protein, and various vitamins, flavoured milk marries taste with health, making it an attractive offering for many.
A surge in the flavoured milk market demand can be attributed to its rising acceptance as an invigorating drink post physical activity. Athletes, gym-goers, and fitness aficionados often opt for flavoured milk, particularly the chocolate variant, as a post-workout recovery drink due to its ideal protein-to-carbohydrate ratio. This new trend is substantially propelling the flavoured milk market growth.
Zooming into the flavoured milk market analysis, one can observe that the food and beverage industry's innovative strides are continually broadening the horizon for flavoured milk. Apart from the traditional flavours, there's a wave of exotic and unconventional flavours making their way into the market, such as coffee, caramel, blueberry, and even spices-infused variants. Such innovations are pivotal in keeping the consumer interest alive and kicking.
Moreover, the changing dynamics of consumption patterns, especially among the younger generation, plays a pivotal role in shaping the flavoured milk market trends. With an ever-busy lifestyle, the millennials and Gen Z are increasingly turning to ready-to-drink (RTD) beverages that are both delicious and nourishing. This shift has given a significant impetus to the RTD flavoured milk segment.
Manufacturers are making headway with organic and low-sugar variants. Additionally, fortifying flavoured milk with additional vitamins and minerals is another strategy being employed to enhance its health quotient.
In essence, the global flavoured milk market is a dynamic space, rife with opportunities. As flavours evolve and new demographics emerge, the flavoured milk market demand is set to soar. Coupled with technological advancements in packaging, distribution, and production, and underlined by the perennial love for taste and nutrition, the market is set on an upward trajectory, anticipating a vibrant future ahead.
These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Flavoured milk is milk that has been homogenised and pasteurised and then enriched with various flavours, colours, and sweeteners. A ubiquitous beverage, it serves as a refreshing alternative to plain milk and has captured the fancy of both children and adults alike. While it tantalises the taste buds with its diverse range of flavours, such as chocolate, vanilla, strawberry, and more, it simultaneously ensures the consumer doesn't miss out on essential nutrients inherent to milk. A powerhouse of calcium, protein, and various vitamins, flavoured milk marries taste with health, making it an attractive offering for many.
A surge in the flavoured milk market demand can be attributed to its rising acceptance as an invigorating drink post physical activity. Athletes, gym-goers, and fitness aficionados often opt for flavoured milk, particularly the chocolate variant, as a post-workout recovery drink due to its ideal protein-to-carbohydrate ratio. This new trend is substantially propelling the flavoured milk market growth.
Zooming into the flavoured milk market analysis, one can observe that the food and beverage industry's innovative strides are continually broadening the horizon for flavoured milk. Apart from the traditional flavours, there's a wave of exotic and unconventional flavours making their way into the market, such as coffee, caramel, blueberry, and even spices-infused variants. Such innovations are pivotal in keeping the consumer interest alive and kicking.
Moreover, the changing dynamics of consumption patterns, especially among the younger generation, plays a pivotal role in shaping the flavoured milk market trends. With an ever-busy lifestyle, the millennials and Gen Z are increasingly turning to ready-to-drink (RTD) beverages that are both delicious and nourishing. This shift has given a significant impetus to the RTD flavoured milk segment.
Manufacturers are making headway with organic and low-sugar variants. Additionally, fortifying flavoured milk with additional vitamins and minerals is another strategy being employed to enhance its health quotient.
In essence, the global flavoured milk market is a dynamic space, rife with opportunities. As flavours evolve and new demographics emerge, the flavoured milk market demand is set to soar. Coupled with technological advancements in packaging, distribution, and production, and underlined by the perennial love for taste and nutrition, the market is set on an upward trajectory, anticipating a vibrant future ahead.
Market Segmentation
The market can be divided based on flavour, packaging, distribution channel, and region.Market Segmentation
- Chocolate
- Fruits
- Vanilla
- Others
Market Segmentation
- Paper Based
- Plastic Based
- Glass Based
- Metal Based
- Others
Market Segmentation
- Supermarket and Hypermarket
- Convenience Stores
- Speciality Stores
- Online
- Others
Market Segmentation
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The 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 global flavoured milk market. Some of the major players explored in the report are as follows:- The Hershey Company
- Saputo Inc
- Nestlé S.A
- Danone SA
- Arla Foods amba
- Fonterra Co-orperative Group
- Molkerei Alois Muller GmbH & Co. Kg
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market11 Value Chain Analysis13 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Flavoured Milk Market Analysis
9 Regional Analysis
10 Market Dynamics
12 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- The Hershey Company
- Saputo Inc
- Nestlé S.A
- Danone SA
- Arla Foods amba
- Fonterra Co-orperative Group
- Molkerei Alois Muller GmbH & Co. Kg
- Gujarat Cooperative Milk Marketing Federation Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 57.95 Billion |
| Forecasted Market Value ( USD | $ 85.15 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
