Flavoured Milk Market

Global Flavoured Milk Market Size, Share, Growth, Trends: By Flavour: Chocolate, Fruits, Vanilla, Others; By Packaging: Paper Based, Plastic Based, Glass Based, Metal Based, Others; By Distribution Channel: Supermarket and Hypermarket, Convenience Stores, Specialty Stores, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Flavoured Milk Market Outlook

The global flavoured milk market reached a value of about USD 57.94 billion in 2023. The market is further expected to grow at a CAGR of 8% in the forecast period of 2024 and 2032 to reach a value of nearly USD 115.85 billion by 2032.

 

Flavoured Milk Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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.

 

Flavoured Milk Market by Flavour

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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.

 

Flavoured Milk Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 (2018-2023) 
    8.3    Global Flavoured Milk Market Forecast (2024-2032)
    8.4    Global Flavoured Milk Market by Flavour
        8.4.1    Chocolate
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Fruits
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Vanilla
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Flavoured Milk Market by Packaging 
        8.5.1    Paper Based
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Plastic Based
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Glass Based
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Metal Based
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        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 (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Convenience Stores
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Specialty Stores
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Online
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        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 (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Europe
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2023)
        9.3.2    Forecast Trend (2024-2032)
    9.4    Latin America
        9.4.1    Historical Trend (2018-2023)
        9.4.2    Forecast Trend (2024-2032)
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2023)
        9.5.2    Forecast Trend (2024-2032)
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 2032
2.    Global Flavoured Milk Historical Market: Breakup by Flavour (USD Billion), 2018-2023
3.    Global Flavoured Milk Market Forecast: Breakup by Flavour (USD Billion), 2024-2032
4.    Global Flavoured Milk Historical Market: Breakup by Packaging (USD Billion), 2018-2023
5.    Global Flavoured Milk Market Forecast: Breakup by Packaging (USD Billion), 2024-2032
6.    Global Flavoured Milk Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7.    Global Flavoured Milk Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8.    Global Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    Global Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    North America Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Flavoured Milk Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Flavoured Milk Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Flavoured Milk Market Structure

Key Questions Answered in the Report

In 2023, the global flavoured milk market attained a value of nearly USD 57.94 billion.

The market is projected to grow at a CAGR of 8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 115.85 billion by 2032.

The major drivers of the market include the increasing disposable incomes of consumers, product diversifications by key players, growing retail sales channels, and the growing popularity of chocolate flavoured milk.

The key trends guiding the market include the growing health consciousness, the surging demand for healthy alternatives to carbonated beverages, evolving dietary habits, the launch of new products by key players, and rising awareness regarding the benefits of flavoured milk.

The major regions in the market 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 market 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 market 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 57.94 billion in 2023, 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 2024-2032, growing at a CAGR of 8%. The market is projected to reach USD 115.85 billion by 2032.

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.

Purchase Full Report

Mini Report

$1699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2799
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER