Flavored Milk Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Flavored Milk Market grew at a CAGR of 5.1% between 2017-2021 and is estimated to be US$ 51,443.2 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.5% and is expected to reach a valuation of US$ 87,872.4 Mn by 2032 end.
Throughout the projected period, the market is anticipated to grow in response to rising demand for Flavored milk is a highly palatable as well as a nourishing beverage. People often consume flavored milk to help them, particularly children to meet their daily dairy food and calcium intake. Flavored milk no doubt provides all the vitamins, minerals, and nutrients that may not be present in normal milk.
ChemView Consulting has analyzed that Flavored milk is a type of milk product produced from skimmed milk with added sugars and natural flavors like banana, pineapple, orange, and sometimes chocolate, etc. It is stabilized to reduce agglomeration. Flavored milk is available in traditional flavors such as chocolate and new innovative flavors such as strawberry vanilla and mocha.
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Flavored milk is highly palatable as well as a nourishing beverage. People often consume flavored milk to help them, particularly children to meet their daily dairy food and calcium intake. Flavored milk no doubt provides all the vitamins, minerals, and nutrients that may not be present in normal milk.
Segments Covered in Report
By Product :
- Long-Life Flavored Milk
- Fresh Flavored Milk
- Supermarkets and Hypermarkets
- Independent Retailers
- Convenience Stores
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Flavored Milk Market
- Based on the type, The dairy-based segment is expected to hold 66.9 % of the overall market share in terms of revenue by 2031. This is because dairy products are known as milk products, and milk is a primary source of protein for humans. The cow, water buffalo, nanny goat, sheep, and camel are the most prevalent dairy animals.
- Based on the application, Supermarkets are expected to hold 45.0% of the overall market share in terms of revenue by 2031. The largest retail store in the world, supermarkets offer milk and other home items as well as grocery items like vegetables and meat.
- Based on Region, the North American market held a sizeable revenue share of 26.4%.
- The growth in this market is driven by an increase in demand for cheese and yogurt, which is expected to be driven by increased demand for flavored dairy products in Canada and the U.S.
Key companies covered in the market study are Danone Ltd., Kraft Foods Group, Inc., Inner Mongolia Yili Industrial Group, Amul, Nestlé, Fonterra Co-operative Group, Lactalis International, Dean Foods, Hiland, Umang Daries Pvt. Ltd., DAIRY FARMERS OF AMERICA, FrieslandCampina, Arca Continental S.A.B. de C.V., Derechos reservados, LALA BRANDED PRODUCTS, LLC
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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