Press release
Global Toned Milk Market Size to Increase at a CAGR of 2.60% in the Forecast Period of 2023-2028
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 2.60 %
The global toned milk market is being helped by the growing consumption of toned milk by young people, which is increasing due to its antioxidant capabilities and other health benefits. Consuming toned milk provides nearly identical nutritional benefits to those of regular milk while lowering the sugar level, which is driving up demand for toned milk among consumers worldwide. The market for toned milk is predicted to expand strongly over the projected period due to the rapid adoption of healthy lifestyles, increasing urbanisation, and changing consumer tastes and preferences.
Due to its nutritional benefits, the flavoured milk market category is predicted to have significant expansion over the next few years. Milk use among health-conscious consumers is being boosted by the fact that flavour-toned milk has less sugar than sports drinks and other beverages. Additionally, it contains vitamins and minerals that support muscle growth and repair, which is projected to support its demand throughout the forecast period. It is projected that in the coming years, the toned milk market will grow as more people become more aware of the health benefits of toned milk, such as bone protection, improved digestion, and lowered blood pressure, among others.
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Toned Milk Market Segmentation
Toned milk is a dairy product that is created by mixing whole milk with skim milk powder and water. This approach is used to cut the fat level while keeping the nutritional value of the milk and is also less expensive than using other types of milk. Toned milk claims to provide advantages including easier digestion, lowered blood pressure, bone protection, appetite management, improved sleep, and weight loss facilitation, among others.
Based on type, the market is bifurcated into:
• Double Toned
• Single Toned
On the basis of product type, the market is divided into:
• Unflavoured Milk
• Flavoured Milk
Based on distribution channel, the market is segmented into:
• Online
• Speciality Stores
• Convenience Stores
• Supermarkets or Hypermarkets
• Others
The major regional markets include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Toned Milk Market Trends
The Asia Pacific region's toned milk market is expanding significantly as a result of the region's growing young population as well as the increased production and consumption of dairy products in nations like China and India.
The market for toned milk in the area is expanding due to India's increasing milk supply as a result of the country's heavy reliance on European cow imports. Long-running initiatives of obtaining milk from small farmers with the aid of cooperatives, like AMUL, is further boosting the market expansion for toned milk in the Asia Pacific region.
Toned milk consumption in the Asia Pacific region and is also driven by rapid urbanisation and change in lifestyles in nations like China and India. The production of toned milk is increasing, and there are significant market players in the region, which are fostering the market's expansion.
Due to their superior nutritional profile, milk and dairy products are more popular, which is stimulating the growth of the milk market. The toned milk market in North America is anticipated to expand during the forecast period as a result of consumers' increasing acceptance of healthy lifestyles.
Key Market Players
The major players in the global toned milk market report include Nestle S.A, Amul Dairy Company, Danone S.A., Kwality Ltd., Mother Dairy Fruit & Vegetables Pvt. Ltd, and Fonterra Co-operative Group Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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