Global Flavored Milk
Market Report
2024
Flavored Milk Market size is USD 57581.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Flavored Milk Market size is USD 57581.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Flavored Milk Market Sales Revenue 2024 | $ 57581.2 Million |
Global Flavored Milk Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.2% |
North America Flavored Milk Sales Revenue 2024 | $ 23032.5 Million |
North America Flavored Milk Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.4% |
Europe Flavored Milk Sales Revenue 2024 | $ 17274.4 Million |
Europe Flavored Milk Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.7% |
Asia Pacific Flavored Milk Sales Revenue 2024 | $ 13243.7 Million |
Asia Pacific Flavored Milk Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.2% |
South America Flavored Milk Sales Revenue 2024 | $ 2879.06 Million |
South America Flavored Milk Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.6% |
Middle East and Africa Flavored Milk Sales Revenue 2024 | $ 1151.62 Million |
Middle East and Africa Flavored Milk Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Market Split by Flavours |
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Market Split by Packaging |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Flavored Milk industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Flavored Milk Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The flavored milk market encompasses a dynamic segment of the dairy industry, offering a wide array of milk products infused with various flavors such as chocolate, strawberry, vanilla, and more. Positioned at the intersection of taste and nutrition, flavored milk has gained popularity among consumers of all ages, presenting a convenient and enjoyable way to incorporate dairy into their diets. With its appealing taste profiles and nutritional benefits, flavored milk has become a staple in households, schools, and foodservice establishments worldwide. The market is characterized by continuous innovation, with manufacturers developing new flavors, formulations, and packaging formats to cater to evolving consumer preferences and lifestyle trends.
Another significant driver shaping the Flavored Milk Market is Convenience and On-the-go Consumption. With busy schedules and hectic routines becoming increasingly prevalent, consumers seek convenient options that align with their fast-paced lifestyles. Flavored milk stands out as an ideal choice, offering a delicious and nutritious beverage that can be enjoyed anytime, anywhere. Its availability in portable packaging formats such as single-serve bottles, cartons, and pouches makes it convenient for on-the-go consumption, whether during commutes, at work, or while engaging in recreational activities.
In December 2018, Introducing Nestlé EVERYDAY Chai Life. Nestlé EVERYDAY Chai Life offers unique experiences in three flavors- Desi Masala, Saffron & Cardamom, Ginger and Lemongrass. The instant chai will be available in convenient ‘sachet’ and easy to carry ‘sachet in a cup’ formats.
(Source: https://www.nestle.in/media/pressreleases/introducing-nestle-everyday-chai-life)
As consumer lifestyles evolve and dietary habits shift, there is a growing inclination towards convenient yet nutritious beverage options. Flavored milk caters perfectly to this demand, offering a balance between indulgence and health benefits. With consumers increasingly seeking products that not only taste good but also provide essential nutrients, flavored milk stands out as a versatile choice, providing essential vitamins and minerals alongside appealing flavors. Moreover, the trend towards on-the-go consumption and the rising popularity of functional beverages further drive the demand for flavored milk, as manufacturers innovate with new formulations tailored to meet specific consumer needs, such as reduced sugar content or added protein.
Convenience and on-the-go consumption are poised to propel significant market growth within the flavored milk industry. With hectic lifestyles becoming the norm for many consumers, there is a growing demand for convenient and portable beverage options that can be enjoyed anytime, anywhere. Flavored milk fits seamlessly into this trend, offering a tasty and nutritious refreshment that can be easily consumed on-the-go. Its availability in single-serve bottles, cartons, and pouches makes it ideal for busy individuals seeking a quick and satisfying drink during their daily routines. Moreover, flavored milk's combination of flavors and nutrients appeals to consumers looking for both indulgence and health benefits in their beverage choices. As manufacturers continue to innovate with convenient packaging formats and on-the-go-friendly formulations, the flavored milk market is expected to experience substantial growth, driven by the convenience factor and the evolving lifestyles of consumers seeking convenient yet nutritious options for their busy lives.
Perception and consumer preferences could potentially limit sales within the flavored milk market. Despite its nutritional benefits and convenience, flavored milk may face challenges stemming from certain consumer perceptions and preferences. Some consumers may perceive flavored milk as a sugary or indulgent beverage option rather than a nutritious choice, which could impact their purchasing decisions, especially among health-conscious individuals. Additionally, changing dietary trends and preferences towards plant-based alternatives or reduced sugar options may divert consumer demand away from traditional flavored milk products. Moreover, concerns about artificial ingredients, additives, and potential allergens in flavored milk formulations could deter certain segments of consumers from purchasing these products.
The Covid-19 pandemic has had a mixed impact on the flavored milk market. While the initial phases of the pandemic led to disruptions in supply chains, distribution channels, and consumer behavior, the market has also witnessed certain opportunities and shifts in demand patterns. During the height of the pandemic, lockdown measures, and restrictions on movement affected the consumption patterns of flavored milk, with a decline in sales observed in some regions due to reduced out-of-home consumption and disruptions in the foodservice sector. However, as consumers adapted to the new normal and spent more time at home, there was a surge in demand for packaged and shelf-stable dairy products, including flavored milk, as consumers sought convenient and comforting options for their households. Additionally, heightened health awareness and the desire for immune-boosting foods drove interest in dairy products perceived to offer health benefits, further benefiting the flavored milk market.
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The competitive landscape of the Flavored Milk Market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established primarily large dairy companies and multinational food and beverage corporations and emerging start-ups aiming to disrupt the market with innovative solutions.
In July 2020, Mengniu’s dairy cattle welfare operation guidebook promotes high-quality and sustainable development of dairy industry. Mengniu released Dairy Cattle Welfare Promotion and Implementation System to its cooperative pastures across the country.
Top Companies Market Share in Flavored Milk Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. This significant market presence underscores the region's strong demand for flavored milk products and its robust dairy industry infrastructure. North America's dominance can be attributed to several factors, including evolving consumer preferences for convenient and indulgent beverage options, a well-established distribution network, and widespread availability of flavored milk products across retail channels.
Asia-Pacific stands out as the fastest-growing region in the Flavored Milk Market due to several compelling reasons. Rapid urbanization, increasing disposable income, and a burgeoning middle-class population are driving the demand for flavored milk products across the region. As consumers in Asia-Pacific adopt more Westernized dietary habits and lifestyles, there is a growing preference for convenient and indulgent beverage options like flavored milk. Moreover, the region's diverse and dynamic consumer base presents opportunities for manufacturers to innovate with unique flavor profiles and packaging formats tailored to local tastes and preferences.
The current report Scope analyzes Flavored Milk Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
According to Cognitive Market Research, the global Flavored Milk Market size was estimated at USD 57581.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 23032.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
According to Cognitive Market Research, the global Flavored Milk Market size was estimated at USD 57581.2 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 17274.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
According to Cognitive Market Research, the global Flavored Milk Market size was estimated at USD 57581.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 13243.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
According to Cognitive Market Research, the global Flavored Milk Market size was estimated at USD 57581.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 2879.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
According to Cognitive Market Research, the global Flavored Milk Market size was estimated at USD 57581.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1151.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Global Flavored Milk Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Flavored Milk Industry growth. Flavored Milk market has been segmented with the help of its Flavours, Packaging Distribution Channel, and others. Flavored Milk market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Chocolate stands out as the dominating category. Chocolate-flavored milk offers a satisfying blend of sweetness and creaminess, making it a beloved choice for both occasional treats and everyday consumption. Additionally, chocolate's association with comfort and nostalgia further enhances its appeal, driving consistent demand year-round. Manufacturers often capitalize on this popularity by offering a wide range of chocolate-flavored milk products, including traditional varieties as well as innovative formulations such as dark chocolate, white chocolate, and premium cocoa blends. Moreover, chocolate-flavored milk is often positioned as a nutritious beverage option, providing essential nutrients like calcium, protein, and vitamins alongside its irresistible taste.
Butterscotch emerges as the fastest-growing category in the Flavored Milk Market. With its rich caramelized notes and creamy texture, butterscotch-flavored milk offers a delightful twist on traditional milk beverages, appealing to consumers seeking novel and exciting taste experiences. The growing interest in artisanal and gourmet flavors, coupled with the trend towards premiumization in the food and beverage industry, has fueled the rapid rise of butterscotch as a favored choice among flavored milk enthusiasts. Manufacturers are capitalizing on this trend by introducing innovative butterscotch-flavored milk products, leveraging high-quality ingredients and sophisticated flavor profiles to create premium offerings that cater to discerning palates.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Flavored Milk Industry. Request a Free Sample PDF!
According to Cognitive Market Research, the dominating category is Paper-Based Packaging. With increasing awareness of environmental concerns and a shift towards more sustainable consumption practices, paper-based packaging has gained significant traction among consumers and manufacturers alike. This packaging option offers several advantages, including recyclability, biodegradability, and a reduced carbon footprint compared to traditional plastic packaging. Additionally, paper-based packaging aligns with consumer preferences for natural and environmentally friendly products, driving demand and adoption in the flavored milk market. Manufacturers are responding to this trend by transitioning towards paper-based packaging options for their flavored milk products, leveraging innovative designs and materials to ensure product freshness, convenience, and shelf appeal.
The fastest-growing category in the Flavored Milk Market is Plastic Packaging. While sustainability concerns have prompted a shift towards eco-friendly packaging solutions, plastic packaging continues to see significant growth due to its widespread availability and convenience. Plastic packaging offers various advantages such as lightweight, easy handling, and resistance to breakage, making it an ideal choice for manufacturers seeking efficient and practical packaging solutions for flavored milk products. Additionally, advancements in plastic technology have led to the development of innovative packaging formats such as PET bottles, HDPE jugs, and pouches, which enhance product visibility, shelf life, and consumer convenience.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Flavored Milk market report 2024 Edition by contacting our team.
According to Cognitive Market Research, the dominating category is Store-Based. Store-based channels encompass supermarkets, hypermarkets, convenience stores, and specialty beverage retailers, among others, serving as primary points of sale for flavored milk products. These brick-and-mortar establishments offer consumers a wide selection of flavored milk brands and variants, allowing for tactile engagement and immediate purchase decisions. Furthermore, store-based channels provide opportunities for product visibility through strategic placement and promotional displays, influencing consumer purchasing behavior.
The fastest-growing category in the Flavored Milk Market is Non Store-Based. Non-store-based channels encompass e-commerce platforms, subscription services, and direct sales channels, offering consumers the convenience of purchasing flavored milk products from the comfort of their homes. This category's rapid growth is driven by factors such as increasing internet penetration, the proliferation of smartphones, and the convenience of doorstep delivery. Additionally, the Covid-19 pandemic has accelerated the adoption of online shopping as consumers seek contactless shopping experiences and home delivery options. Manufacturers and retailers are leveraging non-store-based channels to expand their reach, target niche consumer segments, and offer personalized shopping experiences through targeted marketing and customization options.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
Nisha Deore is a highly skilled Research Analyst with over three years of experience specializing in the agriculture and food & beverage sectors. Her expertise encompasses secondary research, data mining, competitive analysis, and the development of detailed collateral and PR materials. Known for her meticulous approach, Nisha designs robust research methodologies and delivers actionable insights that support her organization’s commercial and financial objectives.
In her current role, Nisha manages research for both the agriculture and food & beverage categories, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With a deep passion for both sectors and a commitment to continuous professional development, Nisha remains an invaluable asset in the dynamic landscape of market research.
Disclaimer:
Flavours | Chocolate, Vanilla, Butterscotch, Coconut, Strawberry, Coffee, Hazelnut, Others |
Packaging | Paper-Based Packaging, Plastic Packaging, Glass Packaging, Metal Packaging |
Distribution Channel | Store-Based, Non Store-Based |
List of Competitors | Nestle S.A., Danone S.A., Arla Foods amba, Yili Industrial Group Co. Ltd., Dairy Farmers of America, Inc., China Mengniu Dairy Co., Ltd. |
This chapter will help you gain GLOBAL Market Analysis of Flavored Milk. Further deep in this chapter, you will be able to review Global Flavored Milk Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Flavored Milk Market Trends North America Flavored Milk Technological Road Map North America Flavored Milk Market Drivers North America Flavored Milk Market Restraints North America Flavored Milk Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Flavours Analysis 2019 -2031, will provide market size split by Flavours. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Flavours Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Packaging Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Flavored Milk market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Chocolate have a significant impact on Flavored Milk market? |
What are the key factors affecting the Chocolate and Vanilla of Flavored Milk Market? |
What is the CAGR/Growth Rate of Paper-Based Packaging during the forecast period? |
By type, which segment accounted for largest share of the global Flavored Milk Market? |
Which region is expected to dominate the global Flavored Milk Market within the forecast period? |
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