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Report
Global Flavoured Milk Market Report and Forecast 2023-2028
Market Report I 2023-10-04 I 180 Pages I EMR Inc.
Global Flavoured Milk Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global flavoured milk market reached a value of about USD 53.65 billion in 2022. Aided by increasing demand for chocolate milk and rising awareness regarding the nutritional benefits of flavoured milk, the market is projected to further grow at a CAGR of 8% between 2023 and 2028 to reach a value of nearly USD 85.15 billion by 2028.
Flavoured milk is milk that has been homogenised and pasteurised and then enriched with various flavours, colours, and sweeteners. A ubiquitous beverage, it serves as a refreshing alternative to plain milk and has captured the fancy of both children and adults alike. While it tantalises the taste buds with its diverse range of flavours, such as chocolate, vanilla, strawberry, and more, it simultaneously ensures the consumer doesn't miss out on essential nutrients inherent to milk. A powerhouse of calcium, protein, and various vitamins, flavoured milk marries taste with health, making it an attractive offering for many.
A surge in the flavoured milk market demand can be attributed to its rising acceptance as an invigorating drink post physical activity. Athletes, gym-goers, and fitness aficionados often opt for flavoured milk, particularly the chocolate variant, as a post-workout recovery drink due to its ideal protein-to-carbohydrate ratio. This new trend is substantially propelling the flavoured milk market growth.
Zooming into the flavoured milk market analysis, one can observe that the food and beverage industry's innovative strides are continually broadening the horizon for flavoured milk. Apart from the traditional flavours, there's a wave of exotic and unconventional flavours making their way into the market, such as coffee, caramel, blueberry, and even spices-infused variants. Such innovations are pivotal in keeping the consumer interest alive and kicking.
Moreover, the changing dynamics of consumption patterns, especially among the younger generation, plays a pivotal role in shaping the flavoured milk market trends. With an ever-busy lifestyle, the millennials and Gen Z are increasingly turning to ready-to-drink (RTD) beverages that are both delicious and nourishing. This shift has given a significant impetus to the RTD flavoured milk segment.
Manufacturers are making headway with organic and low-sugar variants. Additionally, fortifying flavoured milk with additional vitamins and minerals is another strategy being employed to enhance its health quotient.
In essence, the global flavoured milk market is a dynamic space, rife with opportunities. As flavours evolve and new demographics emerge, the flavoured milk market demand is set to soar. Coupled with technological advancements in packaging, distribution, and production, and underlined by the perennial love for taste and nutrition, the market is set on an upward trajectory, anticipating a vibrant future ahead.
Market Segmentation
The market can be divided based on flavour, packaging, distribution channel, and region.
Market Breakup by Flavour
- Chocolate
- Fruits
- Vanilla
- Others
Market Breakup by Packaging
- Paper Based
- Plastic Based
- Glass Based
- Metal Based
- Others
Market Breakup by Distribution Channel
- Supermarket and Hypermarket
- Convenience Stores
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global flavoured milk market. Some of the major players explored in the report by Expert Market Research are as follows:
- The Hershey Company
- Saputo Inc
- Nestle S.A
- Danone SA
- Arla Foods amba
- Fonterra Co-orperative Group
- Molkerei Alois Muller GmbH & Co. Kg
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Flavoured Milk Market Analysis
8.1 Key Industry Highlights
8.2 Global Flavoured Milk Historical Market (2018-2022)
8.3 Global Flavoured Milk Market Forecast (2023-2028)
8.4 Global Flavoured Milk Market by Flavour
8.4.1 Chocolate
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fruits
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Vanilla
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Flavoured Milk Market by Packaging
8.5.1 Paper Based
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Plastic Based
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Glass Based
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Metal Based
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Flavoured Milk Market by Distribution Channel
8.6.1 Supermarket and Hypermarket
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Convenience Stores
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Specialty Stores
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Online
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Flavoured Milk Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 The Hershey Company
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Saputo Inc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Nestle S.A.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Danone SA
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Arla Foods amba
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Fonterra Co-operative Group
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Molkerei Alois Muller Gmbh & Co. Kg
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Gujarat Cooperative Milk Marketing Federation Ltd.
12.2.8.1 Company Overview
12.2.8.2 Product Portfolio
12.2.8.3 Demographic Reach and Achievements
12.2.8.4 Certifications
12.2.9 Others
13 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Flavoured Milk Market: Key Industry Highlights, 2018 and 2028
2. Global Flavoured Milk Historical Market: Breakup by Flavour (USD Billion), 2018-2022
3. Global Flavoured Milk Market Forecast: Breakup by Flavour (USD Billion), 2023-2028
4. Global Flavoured Milk Historical Market: Breakup by Packaging (USD Billion), 2018-2022
5. Global Flavoured Milk Market Forecast: Breakup by Packaging (USD Billion), 2023-2028
6. Global Flavoured Milk Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
7. Global Flavoured Milk Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
8. Global Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Global Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. North America Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Flavoured Milk Market Structure
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