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Traditional Grocery Retailers will Remain Dominant in the Global Flavored Milk Market – Fact.MR Study
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 a 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 a flavored taste.Positive perceptions of consumers about various health benefits are influencing the 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.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Flavored Milk market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Flavored Milk
This newly published and insightful report sheds light on Market Insights of Flavored Milk, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Flavored Milk Market.
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 a 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 a flavored taste.
Market Taxonomy
Flavor
• Chocolate
• Coffee
• Rose
• Vanilla
• Strawberry
• Other Flavor
Packaging
• Carton
• Glass Bottle
• PET Bottle
• Tin and Can
Sales Channel
• Modern Grocery Retail
• Traditional Grocery Retail
• Non-Grocery Retail
• Other Retail channels
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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.
• Grupo Lala
• S.A.B. de C.V.
However, positive consumer perceptions regarding various health benefits associated with the consumption of flavored milk are impacting its demand across the globe. Vendors of flavored milk are concentrating on the expansion of their product portfolio by adopting key strategies such as the introduction of new flavors in order to gain consumer interest. For instance – Lewis Road Creamery launched coffee & vanilla-flavored milk in 2015, and Prairie Dairy Farms introduced two new flavored milk in March 2016.
Good packaging results in a longer shelf-life of products while serving as a platform for marketing the products. Flavored milk producers are shifting their focus towards attractive packaging for increasing the visibility of their product, and leveraging consumer curiosity to attract their attention. Fonterra, a flavored milk producer, introduced triple-layered bottles for the packaging of its flavored milk. The inside and outside layers are opaque, and the middle layer is coated with black color for blocking radiations of light, which in turn enhances the shelf-life of flavored milk.
6 Key Estimations for the Global Flavored Milk Market
• Chocolate flavored milk will remain sought-after among consumers in the market, with sales poised to surpass revenues worth US$ 10,000 Mn by 2022-end.
• Tin & can packaging will remain preferred for flavored milk in the global market. Sales of tin & can package flavored milk are anticipated to account for nearly US$ 20,000 Mn revenues by 2022-end.
• During 2017 to 2022, Europe will remain dominant in the global market for flavored milk and will account for more than one-fourth market share in terms of revenues.
• Flavored milk sales are expected to register the highest CAGR in Asia Pacific excluding Japan (APEJ) through 2022.
• Based on sales channels, traditional grocery retailers will remain dominant in the global market for flavored milk, with sales projected to register the fastest expansion through 2022.
• Key market players mentioned in Fact.MR’s report is Inner Mongolia Yili Industrial Group Co., Ltd., Danone, National Dairy Development Board, Nestlé S.A., Gujarat Cooperative Milk Marketing Federation Ltd., Fonterra Co-operative Group Limited, Morinaga Milk Industry
Read More Trending Reports of Fact.MR-https://www.einpresswire.com/article/556952826/why-is-the-japan-an-opportunistic-cellulose-automotive-air-filter-landscape-report-fact-mr
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