Global Flavoured Milk Market Reached Volumes Worth 19.8 Billion Litres in 2015
The global flavoured milk market reached a volume of 20 Million Tons in 2015 with Asia being the biggest market. The increasing popularity of convenient ready-to-drink packs along with its perception as a healthier alternative to carbonated beverages is currently driving the growth of this market.
According to IMARC Group, the global flavoured milk market reached a volume of around 20 Million Tons in 2015, growing at a CAGR of around 4.8% during 2008–2015. Flavoured milk represents one of the most popular dairy based beverages and comes in a variety of flavours like vanilla, strawberry, chocolate and a number of regional tastes. An emerging trend in this industry has been the introduction of new variants with added nutrients as this appeals to busy and health conscious adults as well as children. Flavoured milk is preferred by consumers over other beverages like carbonated soft-drinks since it is a healthier option with a huge range of new and unique flavours introduced every now and then. Currently, more than half of the demand for flavoured milk comes from developing countries where the market is expanding continuously. Factors like increasing population, eagerness to try new tastes, urbanization, convenience and growing disposable incomes are also expected to drive the global flavoured milk market.
IMARC Group’s latest report “Flavoured Milk Market – Industry Trends, Key Players, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue” has analysed the market on the basis of region. The Asia-Pacific region currently represents the largest market followed by North America, Latin America, Western Europe, Africa and Eastern Europe. The report has also analysed the key players operating in the global flavoured milk market and has found that Nestle, Danone, Arla Foods, Yili Industrial Group, Dean Foods, China Mengniu Dairy, Lactalis Parmalat and Amul are some of the top manufacturers in this market.
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The report gives a detailed roadmap for setting up a flavoured milk manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the essential aspects of the flavoured milk industry. This ranges from a comprehensive view of the market to minute details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have or plan to have any kind of stake in the flavoured milk industry.
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