Flavored Milk Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 241 | List of Figures : 81 | No. of Pages : 170 | Report Code : FACT137MR |

Prepared by blending milk, natural or artificial flavorings, colorings, and sugar, flavored milk is usually pasteurized by using the ultra-high temperature (UHT) treatment. This process further renders the flavored milk with longer shelf life as compared to plain milk. A variety of flavored sweetened syrups, or powders are available in the market, which can be added to plain milk for providing flavored taste.

Positive perceptions of consumers about various health benefits are influencing growth of the flavored milk market around the world. Flavored milk market vendors are expanding their product portfolio by introducing new flavors, to attract consumer interests. For example – Prairie Dairy Farms has launched two new flavored milk products in March 2016, and Lewis Road Creamery has introduced the flavors vanilla, and coffee in its flavored milk in 2015. Good packaging increases the shelf-life of flavored milk products, as well as serves as a platform to market the products. Flavored milk market vendors are focusing more on attractive packaging, in order to increase their product visibility, and leveraging the curiosity of consumers for attracting their attention. For instance – Fonterra has launched triple layered bottles for its flavored milk products. The interior and exterior layers of these bottles are opaque, with black middle layers blocking out entire radiations of light, prolonging its shelf life.

A trend being observed in the global flavored milk market is the rise in vegan population, whose diet is favorable for animal rights. As vegan population opposes consumption of products derived from animals such as eggs, dairy products, and leather among others, the consumption of milk has been witnessing a decline over the past few years. In 2015, consumption of milk in Canada fell by approximately 25%, owing to the rise in vegan population. People are adopting the vegan diet as an ethical concern towards animals. This factor might tremendously impact prospects of flavored milk market in the near future. The global flavored milk market is at a nascent phase, with consumption of flavored milk being comparatively lower than other drinks, for example – carbonated soft drinks. Even though the flavored milk market experiences a sluggish expansion at present, demand will gain an uptick in the foreseeable future. The global flavored milk market is estimated to account for over US$ 50,000 Mn revenues by 2022-end.

Market Taxonomy

Flavor

Packaging

Sales Channel

Chocolate

Carton

Modern Grocery Retail

Coffee

Glass Bottle

Traditional Grocery Retail

Rose

PET Bottle

Non-Grocery Retail

Vanilla

Tin and Can

Other Retail channels

Strawberry

   

Other Flavor

   

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Traditional Grocery Retailers will Remain Dominant in the Global Flavored Milk Market

On the basis of sales channel, although traditional grocery retailers are estimated to remain dominant in the global flavored milk market, sales of flavored milk in modern grocery retail segment will continue to register the highest CAGR through 2022. Non-grocery retailers are expected to be the second largest sales channel for flavored milk by 2022-end.

Tin and can packaging will remain preferred among consumers in the global flavored milk market, with sales poised to reach nearly US$ 20,000 Mn in revenues by 2022-end. Tin and can packaging is estimated to account for over one-third share of the flavored milk market during 2017 to 2022. PET bottles will remain the second most lucrative packaging in the flavored milk market. Sales of flavored milk packed in cartons are expected to register a comparatively higher CAGR than those packed in PET bottles through 2022.

Chocolate Flavored Milk to Remain Sought-after in the Flavored Milk Market

Chocolate flavored milk are anticipated to remain sought-after in the global flavored milk market. Sales of chocolate flavored milk will surpass US$ 10,000 Mn in revenues by 2022-end. Between coffee, and vanilla flavored milk, revenues from vanilla flavored milk will remain higher, while sales of coffee flavored milk will register a faster expansion through 2022.

In terms of revenues, Europe is estimated to remain the most lucrative region for growth of the flavored milk market, and is expected to account for over one-fourth share of the flavored milk market during 2017 to 2022. Sales of flavored milk will register the fastest expansion in Asia Pacific excluding Japan (APEJ), to make APEJ the second largest region for the flavored milk market by 2022-end.

Competition Tracking

Key players operating in the global flavored milk market are Danone, Nestlé S.A., Fonterra Co-operative Group Limited, China Mengniu Dairy Company Limited, Dairy Farmers of America, Inc., Koninklijke Friesland Campina N.V., Dean Foods Company, Morinaga Milk Industry Co., Ltd., Gujarat Cooperative Milk Marketing Federation Ltd., National Dairy Development Board, Inner Mongolia Yili Industrial Group Co., Ltd., and Grupo Lala, S.A.B. de C.V.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Various health benefits of flavored milk is increasing its consumption over the past few years. Vendors of flavored milk are focusing on expansion of their portfolio, introducing new flavors for attracting consumer interests. However, growth in vegan population is likely to hinder demand for flavored milk in the upcoming years. This report, published by Fact.MR, provides in-depth analysis of the global flavored milk market for the forecast period 2017-2022, and offers key insights about future market direction.

Scope

The scope of Fact.MR’s report is to analyze the global flavored milk market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Flavored milk manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to flavored milk.

Summary

The report commences with a brief information of the global flavored milk market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global flavored milk market.

Overview

The next section offers an overview of the global flavored milk market. This comprises an introduction to the market, along with a standard definition of the product – flavored milk. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global flavored milk market, the report provides updates about market opportunities, which can benefit leading manufacturers of flavored milk. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for flavored milk manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

By considering wide scope of the global market for flavored milk, and to provide in-depth insights, the report offers a segmentation analysis & forecast. The comprehensive segmentation analysis includes detailed country-wise prospects offered on all parameters. The global market for flavored milk is categorized into flavor, sales channel, packaging, and region.

The report’s last section comprises of the global flavored milk market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global flavored milk market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Flavored Milk Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022