Flavored Milk Market 2020: Market Segments, Business Landscape by 2024
Research Reports
Jan 21, 2021
Market Overview
Flavored Milk Market is witnessing an impressive growth over the last few years. This is attributed to the shifting consumer preferences among the population of both developed and developing economies. Also, increasing disposable income of the consumers is anticipated to be the significant reason for the growth of the flavored milk market during the forecast period. Additionally, key players in the global flavored milk market are emphasizing more on bringing up new flavors to extend the product line.
Also, the companies are inclined to increase their footprints across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate the untapped market. However, high calorie and fat content in flavored milk may hamper the growth of the market. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 4.3% of flavored milk market during the forecast period, 2020-2024.
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Major Key Players Analysis
Some of the key players profiled in the global flavored milk market: Nestle S.A. (Switzerland), Danone (France), Arla Foods Amba (Denmark), Associated Milk Producers, Inc. (U.S.), Bright Food (Group) Co., Ltd.(China), Dairy Farmers of America, Inc. (U.S.), Dean Foods Company (U.S.), Koninklijke FrieslandCampina NV (the Netherlands), Grupo Lala, S.A.B. de C.V. (Mexico), and Amul Industries Pvt Ltd. (India)
Industry Segment
The Global Flavored Milk Market is segmented into Flavor, Packaging Material and Distribution Channel.
On the basis of the distribution channel, it is segmented in Store-Based and Non-Store Based. Among both, the store-based distribution channel is dominating the market.
Regional Analysis
Flavored Milk Market is segmented into Asia Pacific, North America, Europe and rest of the world (RoW). Asia Pacific is dominating the global flavored milk market followed by North America. India and China being the highest milk producing countries are driving the growth of Asia Pacific market. Furthermore, emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to the major players.
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