The global flavoured milk market refers to the market for a variety of milk-based drinks that are flavored with different ingredients, such as fruits, nuts, and spices. Flavoured milk is a healthier alternative to carbonated drinks and is popular among consumers of all ages. It is available in different packaging options, including bottles, tetra packs, and cartons, making it a convenient on-the-go option. The growing popularity of flavoured milk can be attributed to factors such as increasing health awareness, changing lifestyles, and rising disposable incomes of consumers. The market is highly competitive, with numerous players offering a wide range of products to meet the diverse preferences and demands of consumers. The significance of the global flavoured milk market lies in its ability to offer a healthier and convenient beverage option to consumers and its potential for growth in the coming years.
According to SPER market research, ‘Flavoured Milk Market Size- By Flavour, By Packaging, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Flavoured Milk Market is predicted to reach USD 128.77 billion by 2033 with a CAGR of 8.24%.
The growth of the global flavoured milk market is being propelled by a range of factors, including the increasing awareness of health and wellness among consumers, changing lifestyles that have led to a shift in consumer preferences towards healthier beverage options, the availability of different flavours and packaging options, and rising disposable incomes that have enabled consumers to spend more on premium products. Additionally, the convenience of ready-to-drink flavoured milk products has contributed to their popularity among consumers of all ages.
The global flavoured milk market faces challenges such as the need for sustainable packaging options and the fluctuating prices of raw materials like milk, sugar, and flavors. The demand for innovative and eco-friendly packaging is increasing as consumers become more aware of the environmental impact of plastic waste. Additionally, the fluctuating prices of raw materials can lead to increased costs, which can affect the profitability of manufacturers and impact the prices of flavoured milk products.
Impact of COVID-19 on Global Flavoured Milk Market
The COVID-19 pandemic has had both positive and negative effects on the global flavoured milk market. While the increased demand for packaged food and beverages due to lockdowns and social distancing measures has boosted the sales of flavoured milk products, supply chain disruptions, reduced milk production, and labour shortages have affected the availability and pricing of raw materials. Furthermore, the closure of schools and offices has resulted in a decline in the demand for flavoured milk products in these segments. The long-term impact of the pandemic on the flavoured milk market will depend on the duration of the pandemic and the pace of economic recovery.
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The Asia Pacific (APAC) region is a significant market for flavoured milk, driven by the increasing demand for healthy and functional beverages among consumers. Countries such as China, India, Japan, and Australia are major players in the APAC flavoured milk market. China is the largest market for flavoured milk in the region, with a significant share of the global market. In addition, some of the market key players are Arla Foods amba, Danone SA, Fonterra Co-Operative Group, Gujrat Cooperative Milk Marketing Federation Ltd.
Flavoured Milk Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Arla Foods amba, Danone SA, Fonterra Co-Operative Group, Gujrat Cooperative Milk Marketing Federation Ltd, Molkerei Alois Müller Gmbh & Co. Kg, Nestlé S.A., Saputo Inc, The Hershey Company, Others.
By Flavour: Based on Flavour, Global Flavoured Milk Market is segmented as; Chocolate, Fruits, Vanilla, Others.
By Packaging: Based on Packaging, Global Flavoured Milk Market is segmented as; Paper based, Glass based, Metal based, Others.
By Distribution Channel: Based on Distribution Channel, Global Flavoured Milk Market is segmented as; Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, Others.
By Region: This report also provides the data for key regional segments of North America, Europe, Asia Specific, Middle East and Africa, South America, Others.
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The new report by Expert Market Research titled, ‘India Flavoured Milk Market Report and Forecast 2021-2026’, gives an in-depth analysis of the India flavoured milk market, assessing the market based on its segments like applications, manufacturing process and major regions.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/india-flavoured-milk-market/requestsampleThe key highlights of the report include:Market Overview (2016-2026)Historical Market Size (2020): USD 1.4 billion Forecast CAGR (2021-2026): 24% Forecast Market Size (2026): USD 5.3 billionThe demand for flavoured milk in India has risen in recent years as dairy companies have expanded their product portfolio.
The fast supply of dairy goods as a result of new supermarket facilities and supply chain logistics is driving the growth of the market.
During the Covid-19 pandemic, major retail shopping over the internet also aided market development.Industry Definition and Major SegmentsFlavoured milk is a sweetened dairy beverage made from milk, sugar, flavorings, and sometimes food colorings.
Flavoring may be added to a straw, and some flavoured milk drinks are intended to be nutritional supplements, with extra vitamins and minerals included.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/india-flavoured-milk-marketBy flavour, the market is divided into:ChocolateFruitsVanillaOthersBased on packaging, the industry can be segmented into:Paper BasedPlastic BasedGlass BasedMetal BasedOthersBasis of distribution channel, the industry can be categorised into:Supermarket and Hypermarket Convenience StoresSpeciality StoresOnlineOthersBy region, the industry is categorised into:North IndiaSouth IndiaWest IndiaEast IndiaMarket TrendsIn India, flavoured milk is one of the most common dairy-based drinks.
For example, GCMMF (Amul), headquartered in India, uses its smartphone application to distribute milk and other dairy goods.Maharashtra currently has the highest market share, accounting for the majority of the market.
