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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.
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