Report Details-
Global Flavoured Milk Market, By Flavours (Chocolate, Vanilla, Butterscotch, Coconut, Strawberry, Coffee, Hazelnut and Others), Packaging (Paper-Based Packaging, Plastic Packaging, Glass Packaging and Metal Packaging), Distribution Channel (Store-Based and Non Store-Based), – Industry Trends and Forecast to 2029
Market Analysis and Size
As consumer preference for flavours has increased over the last five years, manufacturers and suppliers of dairy products must optimise their product offerings to meet consumer demand. Flavour is a high-growth segment in the overall food ingredients market, and consumer preference for flavoured milk, combined with manufacturers' willingness to capitalise on the opportunity in this niche business, translated into increased demand for flavoured milk around the world.
Data Bridge Market Research analyses that the flavoured milk market was valued at a USD 38.07 billion in 2021 and is expected to reach the value of USD 57.98 billion by 2029, at a CAGR of 5.4 % during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Market Definition
Flavoured milk is a ready-to-drink dairy beverage made from milk, sugar, sweeteners, stabilisers, and various flavouring agents. Pasteurization is used to allow it to be stored for an extended period of time. Nowadays, the market offers a wide range of flavoured milks, ranging from whole milk to thick milkshakes. It contains important nutrients such as niacin, calcium, potassium, phosphorous, protein, riboflavin, and vitamins A, D, and B12.
COVID-19 Impact on Flavoured Milk Market
The COVID-19 pandemic hit the food and beverage market early on, but the industry did not suffer as a result of rising demand for various products in the market. The various manufacturers of flavoured milk took advantage of the situation and prepared products to meet changing consumer demand. Amul, for example, introduced a new flavoured milk with tulsi and ginger in 2020. These drinks were created to boost people's immunity during the COVID-19 pandemic.
Global Flavoured Milk Market Scope
The flavoured milk market is segmented on the basis flavours, packaging and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Flavour type
- Chocolate
- Vanilla
- Butterscotch
- Coconut
- Strawberry
- Coffee
- Hazelnut
- Others
Flavoured Milk Market Regional Analysis/Insights
The flavoured milk market is analysed and market size insights and trends are provided by country, flavours, and packaging and distribution channel as referenced above.
The countries covered in the flavoured milk market report are UU.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.
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Competitive Landscape and Flavoured Milk Market Share Analysis
Some of the major players operating in the flavoured milk market are:
- Nestle S.A. (Switzerland)
- Danone S.A. (Switzerland)
- Arla Foods Amba (Denmark)
- Associated Milk Producers, Inc. (US)
- Bright Food International Co., Ltd. (China)
- Dairy Farmers of America, Inc. (US)
- Dean Foods Company (US)
- FrieslandCampina NV (Netherlands)
- Grupo Lala, S.A.B. de C.V. (Mexico)
- AMUL Industries Pvt Ltd (India)
- The Hershey Company (US)
- The Farmer's Cow (US)
- Meiji Holdings Co. Ltd (Japan)
- Hiland Dairy (US)
- Saputo Inc. (Canada)
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE GLOBAL HEMOGLOBIN TESTING MARKET
7 GLOBAL HEMOGLOBIN TESTING MARKET, BY INDUSTRY TYPE
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