According to the latest report by IMARC Group, titled "Flavoured Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global flavoured milk market size reached US$ 46.3 Billion in 2019. Flavoured milk refers to a sweetened dairy drink that has a longer shelf life than conventional milk products. It consists of milk, sugar, sweeteners, preservatives, food colorings, and numerous artificial or natural flavours, such as mango, vanilla, chocolate, coffee and butterscotch. It is widely available as a pasteurized, refrigerated product or ultra-high-temperature (UHT) treated flavoured variant. It is rich in essential nutrients, including niacin, calcium, potassium, phosphorous, protein, riboflavin and vitamins A, D and B12. It is convenient to use and characterized by an appealing taste due to which it is gaining widespread popularity, especially among children.
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Global Flavoured Milk Market Trends:
The market is primarily driven by the growing health-consciousness among consumers. The numerous health benefits offered by the regular consumption of flavoured milk and the limited concentration of sugar present in it have facilitated its uptake. Multiple variants with low-calorie sweeteners are also available in the market, which are gaining widespread preference among consumers. Apart from this, the rising trend of on-the-go lifestyle led by individuals, supported by inflating disposable incomes and shifting lifestyle preferences, has led to an increase in the consumption of ready-to-drink beverages. Growing awareness regarding the importance of maintaining a healthy diet among the consumers has led them to substitute high-calorie and carbonated soft drinks with organic flavoured milk variants, which, in turn, is creating a positive outlook for the market. The introduction of lactose-free flavoured milk in the market is acting as another major growth-inducing factor. This, along with advancements in production technology and the increasing demand for refrigerated milk products, is expected to drive the market further. On account of the aforementioned factors, the market is anticipated to exhibit moderate growth during 2020-2025.
Market Summary:
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