According to the report, the global flavoured milk market reached a volume of US$ 46.3 Billion in 2019. There are a number of key factors that are driving the demand of flavoured milk globally. It is a ready-to-drink beverage and suits on-the-go lifestyle of the people. It comes in a large variety of flavours which appeal the most to the young consumers. Added nutrients in the flavoured milk attract the consumers who have a desire for more nutritious and healthy food. Urbanization and increasing disposable incomes also fuel the eagerness of the consumers to try new tastes. Looking forward, IMARC Group expects the global flavoured milk market to continue its moderate growth during the next five years.
On a regional level, the report has analyzed the flavoured milk market in the following regions – Asia-Pacific, Western Europe, North America, Latin America, Eastern Europe, Africa. According to the report, Asia-Pacific is currently the biggest market of flavoured milk followed by North America, Latin America, Western Europe, Africa and Eastern Europe. For each of the regions, this report provides both historical (2014-2019) and future (2020-2025) trends in the flavoured milk market. Other important market engineering aspects such as the competitive landscape, margin analysis, porters five forces analysis, value chain analysis, etc. have also been thoroughly evaluated in this report.
The report also provides a detailed technical insight on setting up and operating a flavoured milk manufacturing plant. This includes the manufacturing process, machinery requirements, land requirements, labour requirements, packaging requirements, transportation requirements, power requirements, incomes, expenditures, profit margins, NPV, IRR, etc. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyze the entire information and also change various inputs according to their requirements.
The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the global flavoured milk industry. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the flavoured milk industry in any manner.
Key Questions Answered in This Report:
According to the estimates by IMARC Group, the global flavoured milk market will exhibit moderate growth during the next five years.
The increasing awareness among individuals about the importance of maintaining a healthy diet and the growing popularity of on-the-go beverages on account of busy schedules, changing dietary patterns and inflating disposable incomes are among the major factors impelling the market growth.
Advancements in the production technology and the introduction of low-calorie and lactose-free variants are acting as major trends in the market.
The rising consumption of nutritious and healthy food products among individuals to strengthen their immunity on account of the global spread of the coronavirus disease (COVID-19) is driving the demand for flavoured milk worldwide. However, due to supply chain disruptions, the market is currently experiencing a negative impact.
The global flavoured milk market was worth around US$ 46.3 Billion in 2019.
Based on the flavour, the market has been segregated into chocolate, fruit, vanilla and others.
On the basis of the packaging, the market has been divided into paper-, plastic-, glass- and metal-based.
The market has been classified on the basis of the distribution channel into supermarkets and hypermarkets, convenience stores, specialty stores, online stores and others.
On the geographical front, the market has been segmented into Asia Pacific, North America, Latin America, Western Europe, Africa and Eastern Europe.
Leading players are Nestlé S.A., Danone S.A., Arla Foods amba, Yili Group, Dairy Farmers of America, Inc. and China Mengniu Dairy Company Limited.
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