The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
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 currently represents the most preferred flavoured milk variant.
Breakup by Packaging:
Among these, paper-based packaging accounts for the majority of the total market share.
Breakup by Distribution Channel:
At present, supermarkets and hypermarkets exhibit a clear dominance in the market.
On the geographical front, Asia Pacific holds the leading position in the market.
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.
|Base Year of the Analysis||2020|
|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)|
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.
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