As consumer preference for flavours has increased over the last five years, manufacturers and suppliers of dairy products must optimise their product offerings to meet consumer demand. Flavour is a high-growth segment in the overall food ingredients market, and consumer preference for flavoured milk, combined with manufacturers' willingness to capitalise on the opportunity in this niche business, translated into increased demand for flavoured milk around the world.
Frequently Asked Questions
The market is segmented based on Segmentation, By Flavours (Chocolate, Vanilla, Butterscotch, Coconut, Strawberry, Coffee, Hazelnut and Others), Packaging (Paper-Based Packaging, Plastic Packaging, Glass Packaging and Metal Packaging), Distribution Channel (Store-Based and Non Store-Based), – Industry Trends and Forecast to 2031.
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The Global Flavoured Milk Market size was valued at USD 42.29 USD Billion in 2023.
The Global Flavoured Milk Market is projected to grow at a CAGR of 5.4% during the forecast period of 2024 to 2031.
The major players operating in the market include Nestle, Danone, Arla Foods, Associated Milk Producers , Bright Food International Co. , Dairy Farmers of America , Dean Foods Company, FrieslandCampina NV, Grupo Lala S.A.B. de C.V., AMUL Industries Pvt Ltd, The Hershey Company, The Farmer's Cow, Meiji Holdings Co. Ltd, Hiland Dairy, Saputo .
The market report covers data from the U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America.
