Reports
Global Flavoured Milk Market: By Flavour: Chocolate, Fruits, Vanilla, Others; By Packaging: Paper Based, Plastic Based, Glass Based, Metal Based, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Flavoured Milk Market Outlook
The global flavoured milk market reached a value of about USD 53.65 billion in 2022. The market is further expected to grow at a CAGR of 8% in the forecast period of 2023 and 2028 to reach a value of nearly USD 85.15 billion by 2028.
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Increasing Demand for Chocolate Milk to Bolster the Growth of the Flavoured Milk Industry
Based on flavours, the increased popularity of chocolate flavoured milk among children and adults has aided the growth of the segment. Additionally, the introduction of new flavours by the key players is likely to propel the market growth in the forecast period. Furthermore, manufacturers are increasing their commercialisation initiatives through different advertisement media like news and TV to increase consumer awareness in untapped markets.
Meanwhile, on the basis of distribution channel, online sales are likely to witness a robust growth in the forecast period, thus, further aiding the market growth.
The Asia Pacific to Dominate the Flavoured Milk Industry Globally
The Asia Pacific accounts for the largest share owing to the rising awareness regarding the nutritional benefits of flavoured milk and the increasing disposable income of people. China’s rapidly growing economy and the dramatic expansion of its manufacturing capabilities are propelling the market growth. The growing retail industry, improved health awareness, and increasing demand for healthy alternatives for carbonated drinks and other ready-to-drink items are driving the market growth further. Because of its many advantages, flavoured milk is witnessing increased popularity in India, thus, boosting the market growth. Also, the product demand in North America and Europe is also significant.
Flavoured Milk: Market Segmentation
Flavoured milk is a sweetened dairy beverage that is sold as pasteurised, refrigerated product. It is made with sugar, milk, flavourings, and sometimes food colourings. It can also be easily made at home or restaurants by adding flavours to the milk. Flavoured milk is among the most popular milk-based beverages and is also regarded as a good alternative to regular milk as it has the same nutritional value as standard milk. The ultra-high-temperature (UHT) therapy pasteurises it, giving it a longer shelf-life than traditional milk.
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Based on flavour, the market is divided into:
- Chocolate
- Fruits
- Vanilla
- Others
Based on packaging, the industry can be segmented into:
- Paper Based
- Plastic Based
- Glass Based
- Metal Based
- Others
On the basis of distribution channel, the industry can be categorised into:
- Supermarket and Hypermarket
- Convenience Stores
- Speciality Stores
- Online
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Awareness Among People and Increasing Disposable Incomes to Boost the Growth of the Flavoured Milk Industry
The global flavoured milk industry is driven by the rising inclination of consumer towards healthy lifestyle and changing dietary habits. Flavoured milk provides convenience, has a longer shelf-life, and can be consumed straight away without boiling. In contrast to soft drinks or not carbonated sweetened beverages, which comprises of about 40% of the added sugar, it adds just 4% of the added sugar. The demand for flavoured milk is likely to increase in the coming years as it provides various nutrients such as potassium, calcium, and magnesium, without compromising on the taste of the product.
Over the forecast period, the market is expected to be aided by factors like the increasing efforts by various companies to launch new flavours, growing mergers and acquisitions, and capacity expansions. However, the market growth may be hampered by the growing demand for soft drinks and protein-based drinks.
Key Industry Players in the Global Flavoured Milk Market
The report gives a detailed analysis of the following key players in the global flavoured milk market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- The Hershey Company
- Saputo Inc
- Nestlé S.A
- Danone SA
- Arla Foods amba
- Fonterra Co-orperative Group
- Molkerei Alois Muller GmbH & Co. Kg
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Flavour, Packaging, Distribution Channel, Region |
| Breakup by Flavour | Chocolate, Fruits, Vanilla, Others |
| Breakup by Packaging | Paper Based, Plastic Based, Glass Based, Metal Based, Others |
| Breakup by Distribution Channel | Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | The Hershey Company, Saputo Inc, Nestlé S.A, Danone SA, Arla Foods amba, Fonterra Co-orperative Group, Molkerei Alois Muller GmbH & Co. Kg, Gujarat Cooperative Milk Marketing Federation Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Nestlé 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 Müller 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
Key Questions Answered in the Report
In 2022, the global flavoured milk market attained a value of nearly USD 53.65 billion.
The market is projected to grow at a CAGR of 8% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 85.15 billion by 2028.
The major drivers of the market include the increasing disposable incomes of consumers, product diversifications, growing retail sales channels, and the growing demand from emerging economies.
The rising inclination of consumers towards healthy lifestyle is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading flavours of flavoured milk in the market are chocolate, fruits, and vanilla, among others.
The significant packaging segments in the industry are paper based, plastic based, glass based, and metal based, among others.
The major distribution channels of the product in the market are supermarket and hypermarket, convenience stores, specialty stores, and online, among others.
The major players in the industry are The Hershey Company, Saputo Inc., Nestlé S.A., Danone S.A., Arla Foods amba, Fonterra Co-orperative Group, Molkerei Alois Muller GmbH & Co. KG, and Gujarat Cooperative Milk Marketing Federation Ltd., among others.
Analyst Review
The global flavoured milk market attained a value of USD 53.65 billion in 2022, driven by the increasing disposable incomes of consumers. Aided by the rising inclination of consumers towards healthy lifestyle, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 8%. The market is projected to reach USD 85.15 billion by 2028.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on flavour, the market is divided into chocolate, fruits, vanilla, and others. By packaging, the industry can be segmented into paper based, plastic based, glass based, metal based, and others. On the basis of distribution channel, the industry can be categorised into supermarket and hypermarket, convenience stores, speciality stores, online, and others. The major regional markets for flavoured milk are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include The Hershey Company, Saputo Inc., Nestlé S.A., Danone S.A., Arla Foods amba, Fonterra Co-orperative Group, Molkerei Alois Muller GmbH & Co. KG, Gujarat Cooperative Milk Marketing Federation Ltd., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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