According to the report, the global flavoured milk market exhibited moderate growth during 2015-2020. 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 reach a value of US$ 69.7 Billion by 2026, exhibiting moderate growth during the forecast period (2021-2026).
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 (2015-2020) and future (2021-2026) 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:
The global flavoured milk market size was valued at US$ 46.3 Billion in 2020.
According to the estimates by IMARC Group, the global flavoured milk market is expected to witness a CAGR of 7.2% from 2021 to 2026.
The growing preference for ready-to-drink dairy beverages with variety of flavors and added nutrients owing to the hectic work schedules and sedentary lifestyles represents one of the key drivers for the global flavoured milk market.
Introduction of lactose-free and organic variants of flavored milk, along with several advancements in production technology represent some of the key trends in the global flavoured milk market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units of flavored milk.
On the basis of the flavour, the market has been bifurcated into chocolate, fruit, vanilla, and others. Currently, chocolate flavour holds the majority of the total market share.
On the basis of the packaging, the market has been segmented into paper, plastic, glass, and metal. At present, paper-based packaging exhibits a clear dominance in the market.
On the basis of the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others. Among these, supermarkets and hypermarkets represent the largest segment.
Region-wise, the market has been classified into Asia Pacific, North America, Latin America, Western Europe, Africa, and Eastern Europe, where Asia Pacific dominates the global market.
The key companies in the global flavoured milk market are Nestlé S.A., Danone S.A., Arla Foods amba, Yili Industrial Group Co., Ltd., Dairy Farmers of America, Inc., and China Mengniu Dairy Company Limited.
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