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Future Key Analysis and Industry Trends of Flavored Dairy Market by 2024
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The Milk and Cheese segments are collectively expected to dominate among product type segment of the global flavored dairy market. Owing to the rise in consumer preference for chocolate, vanilla and strawberry flavors in the dairy products, these three segments are collectively anticipated to lead among the flavor type segment. On the other hand, food and beverage industry is expected to hold maximum market share in terms of value and volume among the end use industry segment. The global flavored dairy market is anticipated to witness significant CAGR during the forecast period.
Global Flavored Dairy Market: Drivers, and Restraints
Factors expected to drive the demand are increasing consumer disposable income, and increase in consumer awareness regarding healthy benefits of the flavored dairy products. Furthermore, change in lifestyles and taste preferences of the consumer is expected to propel the demand for flavored dairy products. Also, growing food and beverage industries is anticipated to fuel the demand for flavored dairy products.
However, reduced milk trade in some countries Argentina and Brazil is expected to limit the growth of the global flavored dairy market.
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Global Flavored Dairy Market: Key Players
Some of the major players identified in the global flavored dairy market include
Danone
Nestlé
Mars, Incorporated and its Affiliates
Mondel?z International
General Mills Inc.
Unilever
PepsiCo, Inc.
The Kraft Heinz Company, Inc.
GCMMF (Gujarat Co-operative Milk Marketing Federation Ltd. – Amul)
Mother Dairy Fruit & Vegetable Pvt. Ltd.
The Bel Group
Com Inc.
Dean Foods
The Whitewave Foods Company
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