Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Flavoured Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global flavoured milk market reached a value of US$ 46.3 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 69.7 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Flavoured milk is a processed, ready-to-drink dairy beverage that is prepared with milk, sugar, sweeteners, stabilizer, and different flavouring agents. It is processed using the pasteurization process to facilitate its storage for an extended period. Nowadays, there is a wide variety of flavoured milk available in the market, ranging from whole milk to thick milkshakes. It is rich in essential nutrients, including niacin, calcium, potassium, phosphorous, protein, riboflavin and vitamins A, D and B12. In recent years, flavoured milk has gained popularity, especially among children, due to its variety of flavours and appealing taste.

Flavoured Milk Market Trends:

The global flavoured milk market is primarily driven by the growing health-consciousness among consumers. This has encouraged them to opt for healthier drinks like flavoured milk over carbonated, soft and energy drinks. The increasing awareness about the importance of maintaining a healthy diet has further prompted them to shift toward organic flavoured milk variants with low-calorie sweeteners. In addition to this, rapid urbanization and increasing disposable incomes of consumers across the globe are positively influencing the market growth. Furthermore, with advancements in packaging techniques, the leading dairy companies are adding silver-based micro-particles with antimicrobial and self-sterilizing properties into the containers to enhance the shelf-life and maintain the taste of flavoured milk. Several manufacturers are also fortifying their products with added vitamins and minerals.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global flavoured milk market, along with forecasts at the global and regional levels from 2021-2026. Our report has categorized the market based on flavour, packaging and distribution channel.

Breakup by Flavour:

  • Chocolate
  • Fruit
  • Vanilla
  • Others
     

Chocolate currently represents the most preferred flavoured milk variant.

Breakup by Packaging:

  • Paper Based
  • Plastic Based
  • Glass Based
  • Metal Based
     

Among these, paper-based packaging accounts for the majority of the total market share.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others
     

At present, supermarkets and hypermarkets exhibit a clear dominance in the market.

Regional Insights:

  • Asia Pacific
  • North America
  • Latin America
  • Western Europe
  • Africa
  • Eastern Europe
     

On the geographical front, Asia Pacific holds the leading position in the market.

Competitive Landscape:

The competitive landscape of the market is also characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are Nestle S.A., Danone S.A., Arla Foods amba, Yili Industrial Group Co. Ltd., Dairy Farmers of America, Inc. and China Mengniu Dairy Company Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units Billion Litres, US$ Billion
Segment Coverage Flavour, Packaging, Distribution Channel, Region
Region Covered Asia Pacific, North America, Latin America, Western Europe, Africa, Eastern Europe
Companies Covered Nestle S.A., Danone S.A., Arla Foods amba, Yili Industrial Group Co. Ltd., Dairy Farmers of America, Inc. and China Mengniu Dairy Company Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 1999
Five User License $ 2499
Corporate License $ 2999
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Flavoured Milk Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Impact of COVID-19
    5.4    Price Analysis
        5.4.1    Key Price Indicators
        5.4.2    Price Structure
        5.4.3    Price Trends
    5.5    Market Breakup by Region
    5.6    Market Breakup by Flavour
    5.7    Market Breakup by Packaging Type
    5.8    Market Breakup by Distribution Channel
    5.9    Market Forecast
    5.10    SWOT Analysis
        5.10.1    Overview
        5.10.2    Strengths
        5.10.3    Weaknesses
        5.10.4    Opportunities
        5.10.5    Threats
    5.11    Value Chain Analysis
        5.11.1    Farmers
        5.11.2    Collectors
        5.11.3    Manufacturers
        5.11.4    Distributors
        5.11.5    Retailers
        5.11.6    Exporters
        5.11.7    End-Use
    5.12    Porter’s Five Forces Analysis
        5.12.1    Overview
        5.12.2    Bargaining Power of Buyers
        5.12.3    Bargaining Power of Suppliers
        5.12.4    Degree of Competition
        5.12.5    Threat of New Entrants
        5.12.6    Threat of Substitutes
    5.13    Key Success Factors and Risk Factors
6   Performance of Key Regions
    6.1    Asia-Pacific
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    North America
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Latin America
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Western Europe
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Africa
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Eastern Europe
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Flavour
    7.1    Chocolate
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fruit
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Vanilla 
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Packaging
    8.1    Paper Based
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Plastic Based
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Glass Based
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Metal Based
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Distribution Channel
    9.1    Supermarkets and Hypermarkets
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Convenience Stores
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Specialty Stores
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Online Stores
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others   
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Competitive Landscape
11  Flavoured Milk Manufacturing Process

    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Unit Operations Involved
    11.4    Mass Balance and Raw Material Requirements
12  Project Details, Requirements and Costs Involved
    12.1    Land Requirements and Expenditures
    12.2    Construction Requirements and Expenditures
    12.3    Plant Machinery
    12.4    Machinery Pictures
    12.5    Raw Material Requirements and Expenditures
    12.6    Raw Material and Final Product Pictures
    12.7    Packaging Requirements and Expenditures
    12.8    Transportation Requirements and Expenditures
    12.9    Utility Requirements and Expenditures
    12.10  Manpower Requirements and Expenditures
    12.11  Other Capital Investments
13  Loans and Financial Assistance
14  Project Economics

    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis
15  Key Player Profiles
    15.1    Nestlé SA
    15.2    Danone
    15.3    Arla Foods
    15.4    Yili Industrial Group Co. Ltd. 
    15.5    Dean Foods
    15.6    China Mengniu Dairy Co. Ltd
 
List of Figures

Figure 1: Global: Flavoured Milk Market: Major Drivers and Challenges
Figure 2: Global: Flavoured Milk Market: Volume Trends (in Billion Litres), 2015 - 2020
Figure 3: Global: Flavoured Milk Market: Value Trends (in Billion US$), 2015 - 2020
Figure 4: Flavoured Milk Market: Price Structure (in US$/Litre)
Figure 5: Global: Flavoured Milk Market: Average Prices (in US$/Litre), 2015 - 2020
Figure 6: Global: Flavoured Milk Market: Breakup by Region (in %), 2020
Figure 7: Global: Flavoured Milk Market: Breakup by Flavour (in %), 2020
Figure 8: Global: Flavoured Milk Market: Breakup by Packaging (in %), 2020
Figure 9: Global: Flavoured Milk Market: Breakup by Distribution Channel (in %), 2020
Figure 10: Global: Flavoured Milk Market Forecast: Volume Trends (in Billion Litres), 2021-2026  
Figure 11: Global: Flavoured Milk Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 12: Global: Flavoured Milk Market Forecast: Average Prices (in US$/Litre), 2021-2026
Figure 13: Global: Flavoured Milk Industry: SWOT Analysis
Figure 14: Global: Flavoured Milk Industry: Value Chain Analysis
Figure 15: Global: Flavoured Milk Industry: Porter’s Five Forces Analysis
Figure 16: Asia-Pacific: Flavoured Milk Market (in Billion Litres), 2015 & 2020
Figure 17: Asia-Pacific: Flavoured Milk Market Forecast (in Billion Litres), 2021-2026
Figure 18: North America: Flavoured Milk Market (in Billion Litres), 2015 & 2020
Figure 19: North America: Flavoured Milk Market Forecast (in Billion Litres), 2021-2026
Figure 20: Latin America: Flavoured Milk Market (in Billion Litres), 2015 & 2020
Figure 21: Latin America: Flavoured Milk Market Forecast (in Billion Litres), 2021-2026
Figure 22: Western Europe: Flavoured Milk Market (in Billion Litres), 2015 & 2020
Figure 23: Western Europe: Flavoured Milk Market Forecast (in Billion Litres), 2021-2026
Figure 24: Africa: Flavoured Milk Market (in Billion Litres), 2015 & 2020
Figure 25: Africa: Flavoured Milk Market Forecast (in Billion Litres), 2021-2026
Figure 26: Eastern Europe: Flavoured Milk Market (in Billion Litres), 2015 & 2020
Figure 27: Eastern Europe: Flavoured Milk Market Forecast (in Billion Litres), 2021-2026
Figure 28: Global: Flavoured Milk Market: Chocolate (in Billion Litres), 2015 & 2020
Figure 29: Global: Flavoured Milk Market Forecast: Chocolate (in Billion Litres), 2021-2026
Figure 30: Global: Flavoured Milk Market: Fruit (in Billion Litres), 2015 & 2020
Figure 31: Global: Flavoured Milk Market Forecast: Fruit (in Billion Litres), 2021-2026
Figure 32: Global: Flavoured Milk Market: Vanilla (in Billion Litres), 2015 & 2020
Figure 33: Global: Flavoured Milk Market Forecast: Vanilla (in Billion Litres), 2021-2026
Figure 34: Global: Flavoured Milk Market: Other Flavours (in Billion Litres), 2015 & 2020
Figure 35: Global: Flavoured Milk Market Forecast: Other Flavours (in Billion Litres), 2021-2026
Figure 36: Global: Flavoured Milk Market: Paper Based Packaging (in Billion Litres), 2015 & 2020
Figure 37: Global: Flavoured Milk Market Forecast: Paper Based Packaging (in Billion Litres), 2021-2026
Figure 38: Global: Flavoured Milk Market: Plastic Packaging (in Billion Litres), 2015 & 2020
Figure 39: Global: Flavoured Milk Market Forecast: Plastic Packaging (in Billion Litres), 2021-2026
Figure 40: Global: Flavoured Milk Market: Glass Packaging (in Billion Litres), 2015 & 2020
Figure 41: Global: Flavoured Milk Market Forecast: Glass Packaging (in Billion Litres), 2021-2026
Figure 42: Global: Flavoured Milk Market: Metal Packaging (in Billion Litres), 2015 & 2020
Figure 43: Global: Flavoured Milk Market Forecast: Metal Packaging (in Billion Litres), 2021-2026
Figure 44: Global: Flavoured Milk Market: Sales through Supermarkets and Hypermarkets (in Billion Litres), 2015 & 2020
Figure 45: Global: Flavoured Milk Market Forecast: Sales through Supermarkets and Hypermarkets (in Billion Litres), 2021-2026
Figure 46: Global: Flavoured Milk Market: Sales through Convenience Stores (in Billion Litres), 2015 & 2020
Figure 47: Global: Flavoured Milk Market Forecast: Sales through Convenience Stores (in Billion Litres), 2021-2026
Figure 48: Global: Flavoured Milk Market: Sales through Specialty Stores (in Billion Litres), 2015 & 2020
Figure 49: Global: Flavoured Milk Market Forecast: Sales through Specialty Stores (in Billion Litres), 2021-2026
Figure 50: Global: Flavoured Milk Market: Online Sales (in Billion Litres), 2015 & 2020
Figure 51: Global: Flavoured Milk Market Forecast: Online Sales (in Billion Litres), 2021-2026
Figure 52: Global: Flavoured Milk Market: Other Distribution Channel (in Billion Litres), 2015 & 2020
Figure 53: Global: Flavoured Milk Market Forecast: Other Distribution Channel (in Billion Litres), 2021-2026
Figure 54: Flavoured Milk Manufacturing Plant: Detailed Process Flow
Figure 55: Flavoured Milk Manufacturing: Conversion Rate of Products
Figure 56: Flavoured Milk Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 57: Flavoured Milk Industry: Profit Margins at Various Levels of the Supply Chain
Figure 58: Flavoured Milk Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Flavoured Milk Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Flavoured Milk Market Forecast: Breakup by Region (in Billion Litres), 2021-2026
Table 3: Global: Flavoured Milk Market Forecast: Breakup by Flavour (in Billion Litres), 2021-2026
Table 4: Global: Flavoured Milk Market Forecast: Breakup by Packaging (in Billion Litres), 2021-2026
Table 5: Global: Flavoured Milk Market Forecast: Breakup by Distribution Channel (in Billion Litres), 2021-2026
Table 6: Global: Flavoured Milk Market: Competitive Structure
Table 7: Global: Flavoured Milk Market: Key Players
Table 8: Global: Overview of Top Flavoured Milk Manufacturers
Table 9: Typical Composition of Flavoured Milk
Table 10: Flavoured Milk Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 11: Flavoured Milk Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 12: Flavoured Milk Manufacturing Plant: Costs Related to Machinery (in US$)
Table 13: Flavoured Milk Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 14: Flavoured Milk Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 15: Flavoured Milk Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Flavoured Milk Manufacturing Plant: Capital Costs (in US$)
Table 18: Flavoured Milk Manufacturing Plant: Techno-Economic Parameters
Table 19: Flavoured Milk Manufacturing Plant: Taxation and Depreciation (in US$)
Table 20: Flavoured Milk Manufacturing Plant: Income Projections (in US$)
Table 21: Flavoured Milk Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Flavoured Milk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 23: Flavoured Milk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 24: Flavoured Milk Manufacturing Plant: Profit and Loss Account (in US$)

Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Question Answered in this Report

The global flavoured milk market value is expected to reach at US$ 69.7 Billion by 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.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 1999

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links