Flavored Milk Market to Register Incremental Dollar Opportunity of US$ 776 Mn During 2022 to 2031

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Flavored Milk. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Flavored Milk Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Flavored Milk market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Flavored Milk

This newly published and insightful report sheds light on Market Insights of Flavored Milk, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Flavored Milk Market.

Prepared by blending milk, natural or artificial flavorings, colorings, and sugar, flavored milk is usually pasteurized by using the ultra-high temperature (UHT) treatment. This process further renders the flavored milk with a longer shelf life as compared to plain milk. A variety of flavored sweetened syrups or powders are available in the market, which can be added to plain milk for providing a flavored taste.

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Market Taxonomy

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

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Competition Tracking

Key players operating in the global flavored milk market are

• Danone
• Nestlé S.A.
• Fonterra Co-operative Group Limited
• China Mengniu Dairy Company Limited
• Dairy Farmers of America Inc.
• Koninklijke Friesland Campina N.V.
• Dean Foods Company
• Morinaga Milk Industry Co., Ltd.
• Gujarat Cooperative Milk Marketing Federation Ltd.
• National Dairy Development Board
• Inner Mongolia Yili Industrial Group Co. Ltd.
• Grupo Lala
• S.A.B. de C.V.

However, positive consumer perceptions regarding various health benefits associated with the consumption of flavored milk are impacting its demand across the globe. Vendors of flavored milk are concentrating on the expansion of their product portfolio by adopting key strategies such as the introduction of new flavors in order to gain consumer interest. For instance – Lewis Road Creamery launched coffee & vanilla-flavored milk in 2015, and Prairie Dairy Farms introduced two new flavored milk in March 2016.

Good packaging results in a longer shelf-life of products while serving as a platform for marketing the products. Flavored milk producers are shifting their focus towards attractive packaging for increasing the visibility of their product, and leveraging consumer curiosity to attract their attention. Fonterra, a flavored milk producer, introduced triple-layered bottles for the packaging of its flavored milk. The inside and outside layers are opaque, and the middle layer is coated with black color for blocking radiations of light, which in turn enhances the shelf-life of flavored milk.

6 Key Estimations for the Global Flavored Milk Market

1. Chocolate flavored milk will remain sought-after among consumers in the market, with sales poised to surpass revenues worth US$ 10,000 Mn by 2022-end.
2. Tin & can packaging will remain preferred for flavored milk in the global market. Sales of tin & can package flavored milk are anticipated to account for nearly US$ 20,000 Mn revenues by 2022-end.
3. During 2017 to 2022, Europe will remain dominant in the global market for flavored milk and will account for more than one-fourth market share in terms of revenues.
4. Flavored milk sales are expected to register the highest CAGR in Asia Pacific excluding Japan (APEJ) through 2022.
5. Based on sales channels, traditional grocery retailers will remain dominant in the global market for flavored milk, with sales projected to register the fastest expansion through 2022.
6. Key market players mentioned in Fact.MR’s report is Inner Mongolia Yili Industrial Group Co., Ltd., Danone, National Dairy Development Board, Nestlé S.A., Gujarat Cooperative Milk Marketing Federation Ltd., Fonterra Co-operative Group Limited, Morinaga Milk Industry Co., Ltd., China Mengniu Dairy Company Limited, Koninklijke Friesland Campina N.V., Dairy Farmers of America, Inc., Dean Foods Company, and Grupo Lala, S.A.B. de C.V.

Key Question answered in the survey of Flavored Milk market report:

• Sales and Demand of Flavored Milk
• Growth of Flavored Milk Market
• Market Analysis of Flavored Milk
• Market Insights of Flavored Milk
• Key Drivers Impacting the Flavored Milk market
• Which are the Key drivers impacted by Flavored Milk market
• Restraints Shaping Market Growth
• Market Survey of Flavored Milk

More Valuable Insights on Flavored Milk Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Flavored Milk, Sales and Demand of Flavored Milk, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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