According to Data Bridge Market Research new Market report, global flavoured milk market will account to an estimated USD 23.6 billion in 2018 growing at a CAGR of 4.9% during the forecast period of 2019 to 2026.
Access Full Report at https://databridgemarketresearch.com/reports/global-flavoured-milk-market/
Flavoured milk can be defined as a processed ready-to-drink milk beverage that has been incorporated with different flavours. These beverages are rich in different nutrients and have enhanced taste levels. Due to the processing they have undergone they have enhanced levels of shelf-life.
Global flavoured milk market is segmented on the basis of flavors, packaging, distribution channel and geography.
By Flavors (Chocolate, Vanilla, Butterscotch, Coconut, Strawberry, Coffee, Hazelnut, Others), Packaging (Paper-Based Packaging, Plastic Packaging, Glass Packaging, Metal Packaging), Distribution Channel (Online Channel, Offline Channel) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN FLAVOURED MILK MARKET
Growth in the consumption of flavoured milk
According to statista, there has been a consistent level of growth in the levels of consumption of flavoured milk beverage from the various individuals in the United States. This growth is evidence of the growing adoption for health conscious products globally which has been driven due to the growing health concerns of the individuals.
Key Market Competitors:
Few of the major competitors currently working in the flavoured milk market are Danone, The Kraft Heinz Company, Yili Industrial Group Company Limited, China Mengniu Dairy Company Limited, Mother Dairy Fruit & Vegetable Pvt. Ltd., Nestlé, Fonterra Co-operative Group, Lactalis International, Dean Foods, Hiland, Umang Daries Pvt. Ltd., DAIRY FARMERS OF AMERICA, FrieslandCampina, Arca Continental S.A.B. de C.V., Derechos reservados. LALA BRANDED PRODUCTS, LLC, Arla Foods amba, Associated Milk Producers Inc., MORINAGA MILK INDUSTRY CO.,LTD., Haldiram Snacks Pvt. Ltd. and ITC Limited.
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