DUBLIN--(BUSINESS WIRE)--The "Flavoured Milk Market Global Forecast 2021-2027, Industry Trends, Share, Insight, Growth, Impact of COVID-19, Opportunity Key Players Analysis" report has been added to ResearchAndMarkets.com's offering.
According to this report the global flavoured milk market is projected to reach US$ 50.41 Billion by 2027.
Flavoured milk is ready to drink produced from milk by adding sweetener, flavour, and even stabilizers. Indeed, flavoured milk products often have a higher shelf life than plain milk products due to reliance on high-temperature pasteurization. In the global market, the tastes and flavours are aiding the expansion of the flavoured milk market. Consequently, the flavoured milk market also purveys to augmented demand for refrigerated milk products. Consumers around the world have evolved peculiar tastes, which are essential for market players to cater through.
Nutrient-rich flavoured milk comes in various flavours that offer the same unique nutrient package of nine essential nutrients like Calcium, Potassium, Phosphorus, Protein, Vitamins A, D and B12, Riboflavin and Niacin present in unflavoured milk. By flavours the global flavoured milk comes in flavours such as chocolate, fruit, and vanilla. Flavoured milk is the most popular milk choice, a highly palatable, nourishing beverage that can help meet prevailing daily dairy food and calcium intake recommendations, particularly for children. Further, the new developments in flavours and packaging are trending in the global flavoured milk market, with companies introducing locally preferred flavours. Remarkably, there is a preference for fruit flavours among youngsters.
In addition, the rising consumption of flavoured milk and changing lifestyles has challenged the global industry to develop deeper into more innovative packaging solutions. Packaging that is durable, cost-effective, and recyclable exert less energy and water and emit more negligible greenhouse gases. The advancement in packaging techniques has helped the dairy companies extend the shelf life of the flavoured milk products and facilitate their transport to the global market. Based on packaging, the flavoured milk market in the report is segmented as paper-based packaging, plastic-based packaging, glass bottles, and metal cans.
In recent years, the boom in the global retail sector has triggered the way milk is packaged. Plastic packaging offers cascading benefits to the value chain in the form of extended food life without needing refrigeration and reduced transportation emissions. Also, using plastic packaging instead of cartons is further helping to cut down environmental costs to nearly four times less than conventional alternatives. As per the analysis, The Global Flavoured Milk Industry will likely grow at a CAGR of 5.54% from 2020-2027.
COVID-19 Impact Flavoured Milk Market Size
The COVID-19 pandemic outbreak has created a situation of uncertainty in the market growth of many industries globally. The pandemic outbreak has affected factors and has changed the complete dynamics of the market in ways that are hard to believe. As fact to be believed, as per the analysis market will recover during the forecast period.
Key Players Analysis
1. Danone SA
2. Arla Foods amba
3. Saputo Inc.
4. Hershey's
5. Fonterra Co-orperative Group
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Flavoured Milk Market
6. Market Share - Global Flavoured Milk
6.1 By Type
6.2 By Flavour
6.3 By Application
6.4 By Packing Type
6.5 By Distribution Channel
6.6 By Region
7. Type - Global Flavoured Milk Market
7.1 Long-Life Flavoured Milk
7.2 Fresh Flavoured Milk
7.3 Other
8. Flavour - Global Flavoured Milk Market
8.1 Chocolate
8.2 Fruit
8.3 Vanilla
8.4 Others
9. Application - Global Flavoured Milk Market
9.1 Powder
9.2 Premix
9.3 Fresh
9.4 Others
10. Packing Type - Global Flavoured Milk Market
10.1 Paper Based
10.2 Plastic Based
10.3 Glass Based
10.4 Metal Based
10.5 Others
11. Distribution Channel - Global Flavoured Milk Market
11.1 Hypermarkets/Supermarket
11.2 Convenience Stores
11.3 Online
11.4 Others
12. Region - Global Flavoured Milk Market
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 South America
12.5 Middle East & Africa
13. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/96motm
