The latest report by IMARC Group titled, “Flavoured Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” finds that the global flavoured milk market reached a volume of around 20.7 Billion Litres in 2016, growing at a CAGR of nearly 5% during 2009 – 2016. After fluid milk, flavoured milk represents the second most popular dairy based drink. It is made by adding sweeteners and flavours to milk and provides all the essential nutrients present in regular milk.
Flavoured milk comes in low-fat or fat-free varieties and a number of flavour variants such as vanilla, chocolate, strawberry, butterscotch and other regionally preferred tastes. Since it is a healthier option with a huge range of flavours, flavoured milk is preferred by consumers over other beverages like carbonated soft-drinks. It also helps in meeting the required milk intake for children and adolescents who do not prefer to consume regular milk. According to the report, the global market for flavoured milk is further expected to reach a volume of around 27.5 Billion Litres by 2022.
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Currently, more than half of the demand for flavoured milk comes from developing countries where the market is expanding constantly. The rising population and economic development in these regions are expected to drive the growth of the global flavoured milk market in the future. Moreover, the continuous introduction of innovative product variants with new and unique flavours and enhanced nutritional value represents an emerging trend in the flavoured milk industry. As this appeals both to children as well as adults, it has helped in expanding the consumer base for flavoured milk manufacturers. Some of the other factors such as expanding urbanisation, eagerness to try new flavours, and convenience of use and consumption are also expected to drive the market over the forecast period.
The report has analysed the market on the basis of key regions. Currently, the Asia-Pacific region represents the largest market for flavoured milk, accounting for the majority of the market shares. Within Asia-Pacific, China represents the largest consumer. Some of the other key regions include Africa, Eastern Europe, Latin America, North America and Western Europe. The report has further analysed the competitive landscape of the market. Currently, Nestlé represents the largest manufacturer of flavoured milk globally. Some of the key players operating in the market include Danone, Arla Foods, Dean Foods, China Mengniu Dairy, Amul, Lactalis Parmalat and Yili Industrial Group.
Click here for summary of the report with TOC: http://www.imarcgroup.com/flavoured-milk-market
The report gives a detailed roadmap for setting up a flavoured milk manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the essential aspects of the flavoured milk industry. This ranges from a comprehensive view of the market to minute details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. The report also provides SWOT, Value Chain and Porter’s Five Forces analysis. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have or plan to have any kind of stake in the flavoured milk industry.
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