World Flavored Milk Market: 10.16% CAGR to 2020
The global flavored milk market analysts say one of latest trends in the market is new flavors. Another trend emerging in the market is the launch of products with new flavors. Vendors are expanding their flavor portfolio by releasing new flavors of the products to keep the interest of consumers alive in the market. In March 2016, Prairie Dairy Farms launched two new flavors for its Peeps flavored milk. The two new flavors offered by the vendor are strawberry créme and orange créme.
In September 2015, Lewis Road Creamery introduced two new flavors, coffee and vanilla, for its flavored milk. In September 2014, Natrel introduced new flavors in its flavored milk segment such as maple, caramel latte, and dark chocolate. In September 2014, Nestlé added two limited edition flavors, thin mint and caramel coconut, to its Girl Scout flavored milk products.
Complete report on flavored milk market spread across 72 pages, analyzing 5 major companies and providing 70 data exhibits now available at http://www.sandlerresearch.org/global-flavored-milk-market-2016-2020.html
The analysts forecast global flavored milk market to grow at a CAGR of 10.16% during the period 2016-2020. According to the flavored milk market report, one of the primary drivers in the market is inclusion of flavored milk as part of school meal plans. The inclusion of flavored milk as part of school meal plans in various countries such as the US and India will help the market grow during the forecast period.
The increased consumption of flavored milk by children has led to a decrease in their consumption of soft drinks and other beverages. Several professional health organizations such as the American Academy of Pediatrics and the American Academy of Pediatric Dentistry support the consumption of flavored milk by children. Flavored milk provides three of the five nutrients that fall short in children’s diet, which are calcium, potassium, and magnesium; it also provides four of the seven nutrients in adult diet, which are vitamin A, calcium, magnesium, and potassium.
The global flavored milk market is dynamic in nature due to the presence of a large number of regional as well as international players. Vendors in the market are developing innovative products and investing heavily in research and development to keep pace with the competitive in the market. Vendors also attempt to expand their consumer based and gain market shares by launching new products that cater to changing consumer demands.
The APAC region led the global flavored milk market and is likely to hold close to 69% of the revenue market shares by 2020. The market is expected to grow in the region due to various factors including increasing milk production and the rise in the number of middle-income families in the region. Moreover, the expanding population in the region will also contribute to the growth of flavored milk market in APAC over the next four years.
The following companies are the key players in the global flavored milk market: China Mengniu Dairy Company, Danone, GCMMF, Inner Mongolia Yili Industrial Group, and Nestlé. Other prominent vendors in the market are: Arla Foods, Associated Milk Producers, Bright Food, Dairy Farmers of America, Dean Foods, Fries land Campina, Grupo Lala, Land O’ Lakes, Morinaga Milk Industry, and Muller. Order a copy of Global Flavored Milk Market 2016-2020 report http://www.sandlerresearch.org/purchase?rname=62052.
Global Flavored Milk Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report considers the revenue generated from the retail sales of flavored milk products to individual consumers.
Another related report is Global Fresh Milk Market 2016-2020, interesting trend emerging in the market is the increasing per capita consumption of milk worldwide. The per capita consumption of milk in New Zealand was about 210 pounds per person in 2012 and increased to about 238.4 pounds per person in 2015. Rising awareness about the benefits of milk products, increasing global population, and increasing production of milk are some of the reasons for the rising per capita consumption of milk around the globe.
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