Flavoured Milk Market 2025 | Industry Outlook, Growth, Trends and Forecast
According to a new report published by Reports Monitor titled, “THE GLOBAL FLAVORED MILK MARKET, GROWTH OPPORTUNITIES AND FORECAST TIL 2025” the global Flavoured Milk market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025
Over past few years the flavored milk market is witnessing a huge growth. Milk forms an important part of our diet. The health benefits of milk include the healthier immune system, strong bones, stronger dental system among various others. It is a rich source of calcium and Vitamin D. However, not everyone likes the taste of white plain milk, especially young kids. Flavor is added to milk to make it more palatable especially for children. Flavored milk is available in various forms. It is available pre-mixed alongside other milk products or in powered form which is added to plain milk. Flavored milk of any kind contains artificial sweeteners. They use artificial elements, which replace the original nutrients in milk. It adds extra sugar and calories to the milk. Flavored milk uses pre-made, flavors that are prepared in factories. Manufacturers add ingredients to increase the shelf life of their products which also have a negative impact on the health of the consumer.
The shifting preference of customers from traditional drinks, increasing disposal income of families and attraction towards taste of flavored milk are the major driving force of the flavored milk market. Apart from this key players of the market are coming up with so many flavors to attract all segment of customers which helps to maintain the growth of market. However, some side- effects that flavored milk has and use of chemicals to increase its shelf life of flavored milk are some of the challenges for the rising market. In addition to that, it has huge amount of calorie which is avoided by health conscious people. Also, strict government regulations slow the pace of market. But, continuous research and development in the area will overcome the drawbacks and the market will have a healthy growth.
The market is segmented on the basis of flavor type, product form, end user and region.
Based on flavor type it is segmented as vanilla, strawberry, apple, banana and others
On the basis of end user the market can be segmented as food & beverages industry, hotels & restaurants, confectionery shops and others
Regionally the market is segmented into North America, Europe, Asia pacific and Latin America, Middle East & Africa (LAMEA).
Asia pacific region hold the maximum market in terms of revenue owing to huge demand for flavored milk products. Apart from this, presence of key players in the region increases the market share of the region. Moreover, this region has some of the largest milk producing countries.
Owing to the presence of the large number of dairy product manufacturers in Switzerland, France, Germany, and the UK, increase in consumer disposable income, and rise in consumer demand for flavored dairy products, the Europe flavored dairy market is expected to witness healthy CAGR over the forecast period.
North America region has huge market for dairy products as is expected to have swift growth in flavored milk. This region is making investment in research and development of dairy product.
LAMEA region is having the least market share. But countries of middle east is showing healthy growth owing to their growing economy.
The major players in flavored milk market
• Nestle S.A. (Switzerland)
• Danone (France)
• 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.)
• Koninklijke Friesland Campina NV (the Netherlands)