According to the latest report by IMARC Group, titled “Flavoured Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the flavoured milk market share. 

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 market is primarily driven by the growing health-consciousness among consumers. The numerous health benefits offered by the regular consumption of flavoured milk and the limited concentration of sugar present in it have facilitated its uptake. Multiple variants with low-calorie sweeteners are also available in the market, which are gaining widespread preference among consumers. Apart from this, the rising trend of on-the-go lifestyle led by individuals, supported by inflating disposable incomes and shifting lifestyle preferences, has led to an increase in the consumption of ready-to-drink beverages. Growing awareness regarding the importance of maintaining a healthy diet among the consumers has led them to substitute high-calorie and carbonated soft drinks with organic flavoured milk variants, which, in turn, is creating a positive outlook for the market. The introduction of lactose-free flavoured milk in the market is acting as another major growth-inducing factor. This, along with advancements in production technology and the increasing demand for refrigerated milk products, is expected to drive the market further.

Flavoured Milk Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the 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:

The report has segmented the global flavoured milk market on the basis of flavour, packaging, distribution channel and region.

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

Breakup by Region:

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

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Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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