Vidhi Kapoor According to the latest report by IMARC Group, titled “Flavoured Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global flavoured milk market size reached US$ 49.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 75.0 Billion by 2027, exhibiting a growth rate (CAGR) of 7.4% during 2022-2027.
Flavoured milk refers to a sweetened dairy drink that has a longer shelf life than conventional milk products. It consists of milk, sugar, sweeteners, preservatives, food colorings, and numerous artificial or natural flavours, such as mango, vanilla, chocolate, coffee and butterscotch. It is widely available as a pasteurized, refrigerated product or ultra-high-temperature (UHT) treated flavoured variant. It is rich in essential nutrients, including niacin, calcium, potassium, phosphorous, protein, riboflavin and vitamins A, D and B12. It is convenient to use and characterized by an appealing taste due to which it is gaining widespread popularity, especially among children.
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Flavoured Milk Market Trends:
The increasing consumption of various dairy products and the rising demand for lactose-free ready-to-drink (RTD) beverages, owing to the growing health consciousness, is primarily driving the flavored milk market growth. This can be further attributed to the growing consumer awareness regarding the numerous health benefits associated with product consumption. Furthermore, the rising uptake of flavored milk as an alternative to high-calorie, sugar-infused carbonated soft or sports drinks and fruit juices is impelling the market growth. Additionally, the advent of on-the-go, organic, artificial ingredient-free flavored milk variants with enhanced functional properties and effective packaging solutions is favoring the market growth. Apart from this, the employment of sustainable and efficient dairy production practices and strategic collaborations launching new ultra-high temperature (UTH) milk products across multiple distribution channels are supporting the market growth.
Flavoured Milk Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global flavoured milk market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Nestle S.A
- Danone S.A
- Arla Foods amba
- Yili Industrial Group Co. Ltd.
- Dairy Farmers of America Inc.
- China Mengniu Dairy Company Limited.
Key Market Segmentation:
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
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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