Global Flavoured Milk Market- Industry Analysis and Forecast (2019-2027)
Posted by rahul on March 23rd, 2021
Flavored milk is one of the shining stars of the dairy industry. It's innovative, it has lots of added value and therefore it yields higher margins, and when packaged for single-serve it does very well in a variety of channels including convenience stores, food service, and vending. The global market size is expected to reach US$ XXBn. by 2027 from US$ XXBn. in 2019, at a CAGR of 4.5% during the forecast period. The global flavored milk market research delivers a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The global flavored milk market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also considered. This report additionally states import/export consumption, supply, and demand Figures, cost, price, revenue, and gross margins.
The key factor expected to drive the growth of the global flavored milk market is the increasing demand for nutritious and healthy food, which contains calcium, potassium, and magnesium. The introduction of innovative products, attractive packaging, and a new variety of flavors is gaining consumer’s interest and increasing the consumption of flavored milk across the globe. According to research flavored milk products have accounted for nearly 45% of dairy drink introductions in India. Flavored milk is a dairy drink that is enhanced with vitamins and calcium. Hence, these drinks have generally targeted children and are also included in the school meal plans in many countries, like the US and India. Also, unscheduled eating habits, because of busy lifestyles, increase the demand for convenience foods, which is a main driver of the flavored milk market.
On another hand, the availability of substitutes at lower prices and health concerns about food additives and preservatives like carbonated drinks and plant-based protein drink is a major restraining factor for the global flavored milk market. Also, the high sugar content may cause health hazards, like high blood sugar, diabetes may restraint the growth of the global flavored milk market in the future.
The report covers the global flavored milk market is segmented into flavors, packaging, and distribution channel. The flavors segment is further segmented by Chocolate, Vanilla, Butterscotch, Coconut, Strawberry, Coffee, Hazelnut, and Others. The packaging segment is further segmented by Paper-Based Packaging, Plastic Packaging, Glass Packaging, and Metal Packaging. And the distribution channel segment is also further segmented by Store-Based, and Non-Store-Based.
Global Flavoured Milk Market
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The report covers the major five regions namely, North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Among these, the North America flavored milk market is expected to dominate the global market throughout the forecast period (2020-2027), thanks to rising concern of individuals concerning health and healthy lifestyle. The Asia Pacific flavored milk market and the Europe flavored milk market are expected to follow the North America flavored milk market within the global market. The countries in Asia-pacific like China, Indonesia, and India are majorly demanding the flavored milk. The China flavored milk market is expected to hold the largest market share of the global market by 2027, followed by the U.S and India.
South America and Middle East & Africa are the fastest growing regions in flavored milk market, because of the growing inclination to spend on dairy products to have a healthy lifestyle.
Global Flavoured Milk Market1
The objective of the report is to present a comprehensive analysis of the Global Flavoured Milk Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
Global Flavoured Milk Market, By Flavours
• Paper-Based Packaging
• North America
• Yili Industrial Group Company Limited
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About the Authorrahul
Joined: February 3rd, 2021
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