From Grinch Green to Nutty Chocolate, Flavored Milk Manufacturers Developing Unique Flavors to Gain Revenue: Sales to Increase by 1.9x by 2033
Rockville, Dec. 07, 2022 (GLOBE NEWSWIRE) — Fact.MR in its latest study highlights the key growth factors, latest developments, opportunities & challenges, and market statistics to offer a better understanding of the global flavored milk market. It also sheds light on the key trends influencing the market growth through the segments including flavor, packaging, sales channel, and region.
The flavored milk market is projected to grow at a CAGR of 7% from 2023 to 2033. The market will be worth US$ 42 Billion in 2023 and is expected to reach US$ 82 Billion by the end of 2033. Rising preference for canned milk due to the increasing demand for high quality and durable packaging solutions is one of the key factors propelling the growth in the market.
Growing demand for health foods is likely to be the driving force for the expansion of the global flavor milk market during the forecast period. Customers are aware of the quality of the food they consume. Flavor milk is a rich source of calcium, protein, and vitamins. Therefore, they are moving towards consuming nutritious health-promoting products.
To extend shelf life and preserve the flavor of flavored milk, leading dairy companies are opting for products with silver-based micro particles with antibacterial and self-sterilizing properties. Hence, manufacturers are developing flavored milk that is adhering to the demand and requirements.
Download A Free Sample Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=137
Further, rising shift from unhealthy beverage options such as sodas and juices to flavour-enhanced milks due to rising health concerns is another factor accelerating the sales in the market. Demand for flavored milks containing fortified micronutrients is a key aspect to the revenue growth of the flavor milks market.
In addition to this, as consumption of ready-to-drink beverages and on-the-go dairy products is surging, key players are developing a wide variety of unique flavored milk to capitalize on this trend. Moreover, with veganism gaining traction across the globe, the demand for plant-based flavor is skyrocketing, especially in countries such as India, U.S., and U.K.
Key Takeaways:
Demand for flavored milk is expected to rise at an impressive rate in Asia Pacific as individuals choose healthier and more nutritious food alternatives.
The U.S. is expected to witness robust growth as consumption of vegan flavored milk is surging.
South Korea flavored milk market is expected to grow strongly due to an expanding retail sector and increasing demand for ready-to-drink products.
In terms of type, the chocolate flavor segment is expected to account for significant share, followed by coffee.
Based on packaging, the tins & cans segment is currently dominating the market.
With increasing eco-consciousness, the glass and PET bottles segment are expected to gain traction over the coming decade.
Growth Drivers:
Growing awareness about dairy nutrition products is increasing the consumption of ready-to-drink beverages, propelling growth.
Penetration of online platforms is expected to bolster the availability of flavored beverages, fueling the sales in the market.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=137
Competitive Landscape:
Flavor milk vendors are improving their product portfolios by introducing new flavors to attract consumers. They are also focusing on attractive packaging to surge awareness of their products and to adhere to the clean label trends.
Some of the leading players are collaborating with leading packaging brands and end users to gain revenue. They are also adopting a plethora of digital marketing strategies to create their brand awareness and establish their position in the industry.
For instance,
In July 2022, leading flavored milk company, Parle Agro, unveiled its new flavoured milk, Hazelnut Chocolate and also launched a campaign for the new offering targeting consumers across India.
Key Companies Profiled by Fact.MR
Dean Foods
Danone SA
Hiland Dairy
Saputo Inc.
The Hershey Company
The Coca-Cola Company
The Farmer’s Cow
BSA SA
Saputo Inc.
Grupo Lala
Meiji Holdings Co. Ltd.
Get Full Access of this Report through our Secure Payment Gateway
https://www.factmr.com/checkout/137
More Valuable Insights on Flavored Milk Market
In its latest research, Fact.MR reveals significant factors estimated to boost the growth of the flavored milk market over the forecast period. The study also offers an in-depth study of the opportunities and growth drivers expected to propel sales of flavored milk through segmentation as follows:
Flavor:
Chocolate
Coffee
Rose
Vanilla
Strawberry
Others
Packaging:
Cartons
Glass Bottles
PET Bottles
Tins & Cans
Sales Channel:
Supermarkets/Hypermarkets
Convenience Stores
Specialist Stores
Online Retail Stores
Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Questions Covered in the Flavor Milk Market Report
What will be the demand outlook for the flavored milk market during the forecast period?
Which are the challenges faced in the flavored milk market?
Which region will lead the growth in the flavored milk market during 2023-2033?
What is the projected market valuation of the flavored milk market in 2033?
Which are the factors driving the flavored milk market during 2023-2033?
Which sales channel will generate maximum revenue in flavored milk market?
Explore Fact.MR’s Coverage on the Food & Beverages Domain
Camel Milk Market: Global sales of camel dairy products are currently estimated at US$ 1.34 Billion and are expected to grow at a CAGR of 4.1% through 2032. As an outcome, the camel milk market is projected to reach a market valuation of US$ 2.02 Billion by the end of 2032. The business is expected to benefit from the growing popularity of camel milk among lactose intolerant consumers due to its ease of digestion.
Enriched Milk Powder Market: Global consumption of enriched milk powder is projected to grow at a CAGR of 5.9% by 2032. Currently, the global fortified milk powder market has a revenue of US$ 8.63 Billion and is projected to reach US$ 15.38 Billion by the end of 2032. Regionally, North America fortified milk powder market is expected to hold mammoth’s share in the market.
Standard Milk Formula Market: The global standardized formula market is growing steadily and is expected to reach US$ 28.2 Billion by 2031. Growth in the market is underpinned by increasing reliance on infant formula as a suitable alternative to cow’s milk. North America is expected to dominate the standard formula market, accounting for nearly 47% of revenue over the forecast period.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
E: sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube
Wake up and smell the diesel.
Two biotech companies are great examples of this: giant Vertex Pharmaceuticals (NASDAQ: VRTX) and up-and-coming player Axsome Therapeutics (NASDAQ: AXSM). Vertex shares have climbed about 40% so far this year. Vertex may be about to show that it can expand beyond its specialty of cystic fibrosis (CF) treatment — and with a potential blockbuster product.
Buy and hold forever? Not always.
Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America’s farmland. While that is false, with the billionaire amassing nearly 270,000 acres of farmland across the country, compared to 900 million total farm acres, a different billionaire privately owns 2.2 million acres, making him the largest landowner in the U.S. John Malone, the former CEO of Tele-Communications Inc., which AT&T Inc. purchased for more than $50 billion in 1999, has a
Sam Bankman-Fried's ambition for celebrity endorsements might have snared the "Anti-Hero" singer, but she proved to be smarter than a lot of other famous people.
Over the preceding 12 months, the Nasdaq Composite has been battered, down 29% from its high reached late last year, falling victim to the latest bear market. In fact, Wall Street is surprisingly optimistic about the prospects of a couple of former high-flying growth stocks.
Shares of Nvidia have been soaring of late but this metric indicates that all is not well with the company.
Economic uncertainty has battered the stock market this year, sparking recession fears that have driven the S&P 500 and the Nasdaq Composite into bear market territory. During that downturn, PayPal Holdings (NASDAQ: PYPL) has seen its share price nosedive 76%, marking its greatest loss of value since it became a public company (for the second time) in 2015. PayPal operates a two-sided payments network with 432 million active accounts, including 397 million consumers and 35 million merchants.
Worried about the prospect of a recession coming next year? Well, that sounds like a mild scenario, if Michael Burry’s prognosis is anything to go by. The investor whose famous bet against the US housing market was documented in “The Big Short,” thinks a ‘multi-year recession’ is potentially in the cards – and one more severe than currently expected. This statement follows previous warnings regarding the economy, such as predicting last year that the ‘mother of all crashes’ is coming, while also
(Bloomberg) — The Federal Reserve hasn’t had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.Most Read from BloombergPutin Calls Russian Nukes Deterrent Factor, Says War Risk RisingPeru’s President Accused of Coup After Move to Dissolve CongressWhy Did So Many US Men Quit Working? Social Status May Hold the Key, Study SaysBe Careful, Here Come the Predictions for 2
Blackstone Inc Chief Executive Stephen Schwarzman said on Wednesday that redemptions in his firm's $69 billion non-traded real estate income trust (REIT) were driven by investors roiled by market volatility rather than dissatisfaction with the fund. Blackstone shares have lost 15% of their value since Dec. 1, when the New York-based firm disclosed it had for the first time limited redemptions from the REIT, which is marketed to high net-worth investors rather than institutional clients like pension funds and insurance firms.
Nio will need to show record monthly vehicle deliveries in December by a large margin to hit even the low end of its prior estimates.
Whether Santa eventually comes or not is still to be determined, with Mr. Claus perhaps postponing a decision until next Tuesday’s CPI release. Strategists led by Greg Boutle, head of U.S. equity and derivatives strategy, are expecting a capitulation event next year. “This would be a departure from the current bear market regime, which has been characterized by a grind lower in equities as P/E multiples have contracted,” they say.
Carvana shares spiraled Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk.
There has been few places to hide during the recent crypto meltdown.
The tech sector isn't the first sector many investors think of when it comes to dividend stocks. After all, tech may not have as many high-yielding stocks as sectors more typically associated with dividends, like financials, energy, or telecom. While the yields may not be as high as those in more mature sectors, I like the idea of combining the cutting-edge innovation and long-term growth of top tech stocks and supplementing them with quarterly dividend payments.
The electric vehicles maker might be cutting the length of production shifts in Shanghai. Investors are left to wonder why it would be reducing output at its most productive plant.
Futures: The market rally is holding key levels, but the choppy action is dangerous. Tesla stock fell toward bear market lows amid new China discounts.
Marc Benioff became frustrated about how his co-CEO Bret Taylor, who is set to exit the role, was spending his time, people familiar with the executives said.
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) announces a conference call for investors and analysts will be held on Thursday, December 8, 2022 at 11:00 am Eastern Time. Participants will include Scot Evans, Chief Executive Officer, Dr. James Granath, Chief Geoscientist, and Grayson Andersen, Head of Capital Markets.