Flavored Milk Market
The sale of flavored milk is growing exponentially on account of the growing demand among consumers for a variety of dairy beverages. Many key players in the beverages market are investing in R&D to focus on product development which enriches the flavors in flavored milk. Moreover, flavored milk is gaining popularity across the globe, as the demand for healthy food & beverages has been increasing in recent years. These factors will support the Flavored Milk industry, estimated to grow at the rate of about 8.4% from 2021 to 2028.
The global Flavoured Milk industry is witnessing impressive growth over the last few years. This is attributed to the shifting consumer preferences among the population of both developed and developing economies. Also, increasing disposable income of the consumers is anticipated to be the significant reason for the growth of the Flavored Milk industry during the forecast period. Additionally, key players in the global Flavored Milk industry are emphasizing more on bringing up new flavors to extend the product line.
Segment analysis:
The global Flavored Milk industry is segmented into flavor, packaging material, and distribution channel.
Based on the flavor, it is segmented into chocolate, vanilla, butterscotch, strawberry, and others. Among all the flavor’s, the chocolate segment holds the major market share followed by the vanilla segment.
Based on the packaging material, it is segmented into plastic, glass, paper, metal, and others. Among all the packaging types, the plastic segment is dominating the market.
Based on the distribution channel, it is segmented in store-based and non-store based. Among both, the store-based distribution channel is dominating the market.
Flavored Milk Market Competitive analysis:
The major players in flavoured milk market
- Nestle S.A. (Switzerland)
- Danone (France)
- Arla Foods Amba (Denmark)
- Associated Milk Producers, Inc. (U.S.)
- Bright Food (Group) Co., Ltd. (China)
- Dairy Farmers of America, Inc. (U.S.)
- Dean Foods Company (U.S.)
- Coinlike Friesland Campina NV (the Netherlands)
- Grupo Lala, S.A.B. de C.V. (Mexico)
- Amul Industries Pvt Ltd. (India)
Regional Analysis
- The global flavoured milk market is segmented into North America, Europe, Asia Pacific, and rest of the world (Row). The Asia Pacific is dominating the global flavoured milk market followed by North America. India and China being the highest milk-producing countries are driving the growth of Asia Pacific market. Furthermore, emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to the major players.
- The global flavored milk market is segmented into North America, Europe, Asia Pacific, and rest of the world (Row). Asia Pacific is dominating the global flavored milk market followed by North America. India and China being the highest milk producing countries are driving the growth of Asia Pacific market. Furthermore, emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to the
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