The sale of flavored milk is growing exponentially on account of the growing demand among consumers for a variety of dairy beverages. Many key players in the beverages market are investing in R&D to focus on product development which enriches the flavors in flavored milk. Moreover, flavored milk is gaining popularity across the globe, as the demand for healthy food & beverages has been increasing in recent years The Flavored Milk Market is estimated to be USD 6.1 billion in 2018 and is expected to register 4.60% CAGR during the Forecast Period, 2021 to 2027
Covid 19 Analysis
In the current situation, the coronavirus flavored milk market is drastically affected. This is because in the year 2020 as the outbreak of a pandemic has greatly devastated small-medium as well as big business. Hence flavored market problem during lockdown due to its traditional flavors that were not only available during the pandemic. Manufacturing production, as well as customer service in all three squares, were gravely affected. Flavored milk ok is present without cost substitutes which makes it difficult to buy during the lockdown. Lockdown has snatched away employment from workers. But it is believed that by the year 2022 things will get back to normal as the process of vaccination has been initiated.
The global Flavored Milk industry Demand is segmented into North America, Europe, Asia Pacific, and the rest of the world (Row). The Asia Pacific is dominating the global flavored milk market followed by North America. India and China being the highest milk-producing countries are driving the growth of the Asia Pacific market. Furthermore, emerging economies such as China, India, Japan, Australia, and the Latin American countries, offer ample opportunities for expansion to the major players.
The North American Flavored Milk Market is projected to grow at a steady pace in the review period. Increasing consumption of flavored milk in form of beverages in this region is driving the growth of the market. Innovations and technological advancements are boosting the growth of flavored milk in the rest of the world.
The global Flavored Milk industry Demand is segmented into flavor, packaging material, and distribution channels.
Based on the flavor, it is segmented into chocolate, vanilla, butterscotch, strawberry, and others. Among all the flavors, the chocolate segment holds the major market share followed by the vanilla segment.
Based on the packaging material, it is segmented into plastic, glass, paper, metal, and others. Among all the packaging types, the plastic segment is dominating the market.
Based on the distribution channel, it is segmented in store-based and non-store-based. Among both, the store-based distribution channel is dominating the market.
The major players in the flavored milk market
Nestle S.A. (Switzerland)
Arla Foods Amba (Denmark)
Associated Milk Producers, Inc. (U.S.)
Bright Food (Group) Co., Ltd. (China)
Dairy Farmers of America, Inc. (U.S.)
Dean Foods Company (U.S.)
Coinlike Friesland Campina NV (the Netherlands)
Grupo Lala, S.A.B. de C.V. (Mexico)
Amul Industries Pvt Ltd. (India)
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