A recent report published by Infinium Global Research on flavored milk market provides in-depth analysis of segments and sub-segments in the global as well as regional flavored milk market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional flavored milk market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global flavored milk market. According to the report, the global flavored milk market is projected to grow at a CAGR of 4.7% over the forecast period of 2019-2025.
Flavored milk products have always been popular, especially among younger children. In recent years, the dairy and plant-based industries are appreciating a range of flavored milk products outside of the standard flavors. Flavored milk offers dairies the opportunity to provide value to the consumers as well as their bottom line. Flavored milk meets a huge range of health, nutritional and lifestyle needs with the right flavors, portion sizing and formulation. The most common type of flavored milk product makes use of the flavors of cocoa mixed with other flavor ingredients such as vanilla to produce a warm, rich chocolate beverage. Additionally, thickened flavored milk products have also been produced by creating milkshake-style flavored milk drinks that are as delicious as they are nutritious.
The increasing demand for ready to drink products due to the changing lifestyle of the consumers is the major driving factor of the flavored milk market. Developing countries will drive demand due to an increasing number of new flavors and products focused on health. Furthermore, factors such as growing urbanization, consumer’s unscheduled eating habits due to a busy working schedule, increasing disposable income, and increasing demand for dairy products are other driving factors of the market. The increasing population coupled with the per capita disposable income is boosting the market growth. However, reduced milk trade in some countries such as Argentina and Brazil is restraining the market growth. Moreover, the introduction of locally-preferred flavors is expected to provide growth opportunities in the forecasted period.
Geographically, Asia-Pacific dominates the global flavored milk market owing to increasing demand for flavored dairy products such as milk, yogurt, buttermilk, shrikhand, and basundi in India, China, and Indonesia. Europe is the second-largest market for flavored milk due to the presence of the major dairy product manufacturers in Switzerland, France, Germany, and the UK. Latin American region is projected to show a high potential in the flavored milk market due to increasing consumption of flavored milk as a beverage in this region.
The report on global flavored milk market covers segments such as flavor, packaging, and distribution channel. On the basis of flavor, the sub-markets include chocolate, fruit, vanilla, and other flavors. On the basis of packaging, the sub-markets include paper-based, plastic-based, glass-based, and metal-based. On the basis of distribution channel, the sub-markets include supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and other distribution channels.
The report provides profiles of the companies in the market such as Nestle SA, Arla Foods Amba, Bright Food, Dean Foods, Grupo Lala, Amul Industries Pvt. Ltd., Koninklijke FrieslandCampina NV, Dairy Farmers of America Inc., Associated Milk Producers Inc., Danone S.A., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of flavored milk market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.