Global Flavored Milk Market Estimated to Highlight Positive Returns with Revenues Ranging to US$ 50,000 until 2022

By 2020-end, the global market for flavored milk is projected to exceed US$ 50,000 Mn in revenues. The market is estimated to register a low single-digit CAGR through 2022. The global flavored milk market is at its nascent stage. Consumption of flavored milk is observed to be relatively lower than other drinks. However, the market will gain an uptick in the near future on the back of health benefits associated with flavored milk. A recent trend being witnessed around the world is the surge in vegan population. The vegan diet is being adopted by consumers as an ethical concern regarding animals. People with vegan diet oppose consumption of food items derived from animals including dairy products, eggs, and leather among others.

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The report offers an overview of the global flavored milk market. This comprises an introduction to the market, along with a standard definition of the product – flavored milk. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global flavored milk market, the report provides updates about market opportunities, which can benefit leading manufacturers of flavored milk. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for flavored milk manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Key Estimations for the Global Flavored Milk Market

1) 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.
2) Tin & can packaging will remain preferred for flavored milk in the global market. Sales of tin & can packaged flavored milk are anticipated to account for nearly US$ 20,000 Mn revenues by 2022-end.
3) 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.
4) Flavored milk sales are expected to register the highest CAGR in Asia Pacific excluding Japan (APEJ) through 2022.
5) Based on sales channel, traditional grocery retailers will remain dominant in the global market for flavored milk, with sales projected to register the fastest expansion through 2022.

Chocolate Flavored Milk to Remain Sought-after in the Market
Chocolate flavored milk are anticipated to remain sought-after in the global flavored milk market. Sales of chocolate flavored milk will surpass US$ 10,000 Mn in revenues by 2022-end. Between coffee, and vanilla flavored milk, revenues from vanilla flavored milk will remain higher, while sales of coffee flavored milk will register a faster expansion through 2022.

In terms of revenues, Europe is estimated to remain the most lucrative market for flavored milk, and is expected to account for over one-fourth share of the market during 2017 to 2022. Sales of flavored milk will register the fastest expansion in Asia Pacific excluding Japan (APEJ), to make APEJ the second largest market for flavored milk by 2022-end.

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Competition Tracking
Key players mentioned 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., and Grupo Lala, S.A.B. de C.V.

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This release was published on openPR.