Flavoured Milk Market to Reach US$ 100.05 Billion by 2030, Driven by Health and Taste Trends

Flavoured Milk Market reached a value of US$ 57.62 Bn. in 2023. The global market is expected to grow at a CAGR of 8.2% during the forecast period. The market is expected to reach a value of US$ 100.05 Bn. by 2030.

Flavoured Milk Market Overview:

The flavoured milk market has experienced consistent growth, driven by evolving consumer preferences for tasty yet nutritious beverages. Blending the health benefits of milk with the appeal of different flavours, this category has carved a niche in both child and adult segments. Product innovation, rising urbanization, and the demand for ready-to-drink dairy options have played a crucial role in expanding the market. With a wide range of flavours such as chocolate, vanilla, strawberry, and exotic options gaining traction, manufacturers are targeting various demographics and dietary needs.

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Flavoured Milk Market Dynamics:

Key drivers fueling the growth of the flavoured milk market include increasing health consciousness and the shift from carbonated soft drinks to dairy-based alternatives. Consumers are seeking beverages that offer both taste and functional benefits, such as added calcium and protein. Additionally, growth in the food and beverage sector, improvements in cold chain logistics, and aggressive marketing by dairy brands are supporting market expansion. However, factors like lactose intolerance in certain populations, fluctuating dairy prices, and the rise of plant-based alternatives may challenge market growth.

Flavoured Milk Market Outlook and Future Trends :

The future of the flavoured milk market looks promising as consumer interest in fortified and functional beverages continues to rise. Innovation in flavour combinations, packaging, and sugar-reduced or plant-based versions is likely to attract a wider audience. As sustainability becomes more central, brands are also investing in eco-friendly packaging and responsible sourcing. The demand is projected to grow in both emerging and developed markets, supported by increasing disposable income, growing awareness of nutritional benefits, and expanding retail infrastructure.

Flavoured Milk Market Key Recent Developments:

Recent industry developments include the introduction of new flavour variants tailored to regional tastes and dietary preferences. Major players are launching sugar-free and high-protein options to cater to fitness-conscious consumers. Strategic partnerships between dairy producers and retail chains are enhancing market reach, while advancements in aseptic packaging have extended shelf life and enabled broader distribution. Additionally, several companies are investing in digital marketing and e-commerce platforms to capture a more tech-savvy customer base.

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Flavoured Milk Market Segmentation:

by Type

Dairy-based
Plant-based

by Distribution Channel

Supermarket
Convenience Stores
Speciality Stores
Online Stores
Others

by Packaging

paper-Based Packaging
Plastic Packaging
Glass Packaging
Metal Packaging

by Flavors

Vanilla
Chocolate
Strawberry
Others

Some of the current players in the Flavoured Milk Market are:

1 Danone Ltd.
2 Kraft Foods Group, Inc.
3 Inner Mongolia Yili Industrial Group
4 Amul
5 Nestlé
6 Fonterra Co-operative Group
7 Lactalis International
8 Dean Foods
9 Hiland
10 Umang Daries Pvt. Ltd.
11 DAIRY FARMERS OF AMERICA
12 FrieslandCampina
13 Arca Continental S.A.B. de C.V.
14 Derechos reservados
15 LALA BRANDED PRODUCTS, LLC

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