Summary

Market Overview:

The global flavoured milk market size reached US$ 53.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 79.4 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

Flavoured milk is a processed, ready-to-drink dairy beverage that is prepared with milk, sugar, sweeteners, stabilizer, and different flavouring agents. It is processed using the pasteurization process to facilitate its storage for an extended period. Nowadays, there is a wide variety of flavoured milk available in the market, ranging from whole milk to thick milkshakes. It is rich in essential nutrients, including niacin, calcium, potassium, phosphorous, protein, riboflavin and vitamins A, D and B12. In recent years, flavoured milk has gained popularity, especially among children, due to its variety of flavours and appealing taste.

Flavoured Milk Market Trends:
The global flavoured milk market is primarily driven by the growing health-consciousness among consumers. This has encouraged them to opt for healthier drinks like flavoured milk over carbonated, soft and energy drinks. The increasing awareness about the importance of maintaining a healthy diet has further prompted them to shift toward organic flavoured milk variants with low-calorie sweeteners. In addition to this, rapid urbanization and increasing disposable incomes of consumers across the globe are positively influencing the market growth. Furthermore, with advancements in packaging techniques, the leading dairy companies are adding silver-based micro-particles with antimicrobial and self-sterilizing properties into the containers to enhance the shelf-life and maintain the taste of flavoured milk. Several manufacturers are also fortifying their products with added vitamins and minerals.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flavoured milk market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on flavour, packaging and distribution channel.

Breakup by Flavour:

Chocolate
Fruit
Vanilla
Others

Chocolate currently represents the most preferred flavoured milk variant.

Breakup by Packaging:

Paper Based
Plastic Based
Glass Based
Metal Based

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others

At present, supermarkets and hypermarkets exhibit a clear dominance in the market.

Regional Insights:

Asia Pacific
North America
Latin America
Western Europe
Africa
Eastern Europe

On the geographical front, Asia Pacific holds the leading position in the market.

Competitive Landscape:
The competitive landscape of the market is also characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are Nestle S.A., Danone S.A., Arla Foods amba, Yili Industrial Group Co. Ltd., Dairy Farmers of America, Inc. and China Mengniu Dairy Co., Ltd.

Key Questions Answered in This Report

1. What was the size of the global flavoured milk market in 2022?
2. What is the expected growth rate of the global flavoured milk market during 2023-2028?
3. What has been the impact of COVID-19 on the global flavoured milk market?
4. What are the key factors driving the global flavoured milk market?
5. What is the breakup of the global flavoured milk market based on the flavour?
6. What is the breakup of the global flavoured milk market based on the distribution channel?
7. What are the key regions in the global flavoured milk market?
8. Who are the key players/companies in the global flavoured milk market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Flavoured Milk Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by Flavour
5.7 Market Breakup by Packaging Type
5.8 Market Breakup by Distribution Channel
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.11.1 Farmers
5.11.2 Collectors
5.11.3 Manufacturers
5.11.4 Distributors
5.11.5 Retailers
5.11.6 Exporters
5.11.7 End-Use
5.12 Porter’s Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Key Success Factors and Risk Factors
6 Performance of Key Regions
6.1 Asia-Pacific
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 North America
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Latin America
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Western Europe
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Africa
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Eastern Europe
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Flavour
7.1 Chocolate
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Fruit
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Vanilla
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Packaging
8.1 Paper Based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Plastic Based
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Glass Based
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Metal Based
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Convenience Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Specialty Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Online Stores
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Competitive Landscape
11 Flavoured Milk Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utility Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
15.1 Nestlé S.A.
15.2 Danone S.A.
15.3 Arla Foods amba
15.4 Yili Industrial Group Co. Ltd.
15.5 Dairy Farmers of America, Inc
15.6 China Mengniu Dairy Co., Ltd

List of Figures

Figure 1: Global: Flavoured Milk Market: Major Drivers and Challenges
Figure 2: Global: Flavoured Milk Market: Volume Trends (in Billion Litres), 2017-2022
Figure 3: Global: Flavoured Milk Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Flavoured Milk Market: Price Structure
Figure 5: Global: Flavoured Milk Market: Average Prices (in US$/Litre), 2017-2022
Figure 6: Global: Flavoured Milk Market: Breakup by Region (in %), 2022
Figure 7: Global: Flavoured Milk Market: Breakup by Flavour (in %), 2022
Figure 8: Global: Flavoured Milk Market: Breakup by Packaging (in %), 2022
Figure 9: Global: Flavoured Milk Market: Breakup by Distribution Channel (in %), 2022
Figure 10: Global: Flavoured Milk Market Forecast: Volume Trends (in Billion Litres), 2023-2028
Figure 11: Global: Flavoured Milk Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 12: Global: Flavoured Milk Market Forecast: Average Prices (in US$/Litre), 2023-2028
Figure 13: Global: Flavoured Milk Industry: SWOT Analysis
Figure 14: Global: Flavoured Milk Industry: Value Chain Analysis
Figure 15: Global: Flavoured Milk Industry: Porter’s Five Forces Analysis
Figure 16: Asia-Pacific: Flavoured Milk Market (in Billion Litres), 2017 & 2022
Figure 17: Asia-Pacific: Flavoured Milk Market Forecast (in Billion Litres), 2023-2028
Figure 18: North America: Flavoured Milk Market (in Billion Litres), 2017 & 2022
Figure 19: North America: Flavoured Milk Market Forecast (in Billion Litres), 2023-2028
Figure 20: Latin America: Flavoured Milk Market (in Billion Litres), 2017 & 2022
Figure 21: Latin America: Flavoured Milk Market Forecast (in Billion Litres), 2023-2028
Figure 22: Western Europe: Flavoured Milk Market (in Billion Litres), 2017 & 2022
Figure 23: Western Europe: Flavoured Milk Market Forecast (in Billion Litres), 2023-2028
Figure 24: Africa: Flavoured Milk Market (in Billion Litres), 2017 & 2022
Figure 25: Africa: Flavoured Milk Market Forecast (in Billion Litres), 2023-2028
Figure 26: Eastern Europe: Flavoured Milk Market (in Billion Litres), 2017 & 2022
Figure 27: Eastern Europe: Flavoured Milk Market Forecast (in Billion Litres), 2023-2028
Figure 28: Global: Flavoured Milk Market: Chocolate (in Billion Litres), 2017 & 2022
Figure 29: Global: Flavoured Milk Market Forecast: Chocolate (in Billion Litres), 2023-2028
Figure 30: Global: Flavoured Milk Market: Fruit (in Billion Litres), 2017 & 2022
Figure 31: Global: Flavoured Milk Market Forecast: Fruit (in Billion Litres), 2023-2028
Figure 32: Global: Flavoured Milk Market: Vanilla (in Billion Litres), 2017 & 2022
Figure 33: Global: Flavoured Milk Market Forecast: Vanilla (in Billion Litres), 2023-2028
Figure 34: Global: Flavoured Milk Market: Other Flavours (in Billion Litres), 2017 & 2022
Figure 35: Global: Flavoured Milk Market Forecast: Other Flavours (in Billion Litres), 2023-2028
Figure 36: Global: Flavoured Milk Market: Paper Based Packaging (in Billion Litres), 2017 & 2022
Figure 37: Global: Flavoured Milk Market Forecast: Paper Based Packaging (in Billion Litres), 2023-2028
Figure 38: Global: Flavoured Milk Market: Plastic Packaging (in Billion Litres), 2017 & 2022
Figure 39: Global: Flavoured Milk Market Forecast: Plastic Packaging (in Billion Litres), 2023-2028
Figure 40: Global: Flavoured Milk Market: Glass Packaging (in Billion Litres), 2017 & 2022
Figure 41: Global: Flavoured Milk Market Forecast: Glass Packaging (in Billion Litres), 2023-2028
Figure 42: Global: Flavoured Milk Market: Metal Packaging (in Billion Litres), 2017 & 2022
Figure 43: Global: Flavoured Milk Market Forecast: Metal Packaging (in Billion Litres), 2023-2028
Figure 44: Global: Flavoured Milk Market: Sales through Supermarkets and Hypermarkets (in Billion Litres), 2017 & 2022
Figure 45: Global: Flavoured Milk Market Forecast: Sales through Supermarkets and Hypermarkets (in Billion Litres), 2023-2028
Figure 46: Global: Flavoured Milk Market: Sales through Convenience Stores (in Billion Litres), 2017 & 2022
Figure 47: Global: Flavoured Milk Market Forecast: Sales through Convenience Stores (in Billion Litres), 2023-2028
Figure 48: Global: Flavoured Milk Market: Sales through Specialty Stores (in Billion Litres), 2017 & 2022
Figure 49: Global: Flavoured Milk Market Forecast: Sales through Specialty Stores (in Billion Litres), 2023-2028
Figure 50: Global: Flavoured Milk Market: Online Sales (in Billion Litres), 2017 & 2022
Figure 51: Global: Flavoured Milk Market Forecast: Online Sales (in Billion Litres), 2023-2028
Figure 52: Global: Flavoured Milk Market: Sales through Other Distribution Channels (in Billion Litres), 2017 & 2022
Figure 53: Global: Flavoured Milk Market Forecast: Sales through Other Distribution Channels (in Billion Litres), 2023-2028
Figure 54: Flavoured Milk Manufacturing Plant: Detailed Process Flow
Figure 55: Flavoured Milk Manufacturing: Conversion Rate of Products
Figure 56: Flavoured Milk Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 57: Flavoured Milk Industry: Profit Margins at Various Levels of the Supply Chain
Figure 58: Flavoured Milk Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Flavoured Milk Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Flavoured Milk Market Forecast: Breakup by Region (in Billion Litres), 2023-2028
Table 3: Global: Flavoured Milk Market Forecast: Breakup by Flavour (in Billion Litres), 2023-2028
Table 4: Global: Flavoured Milk Market Forecast: Breakup by Packaging (in Billion Litres), 2023-2028
Table 5: Global: Flavoured Milk Market Forecast: Breakup by Distribution Channel (in Billion Litres), 2023-2028
Table 6: Global: Flavoured Milk Market: Competitive Structure
Table 7: Global: Flavoured Milk Market: Key Players
Table 8: Global: Overview of Top Flavoured Milk Manufacturers
Table 9: Typical Composition of Flavoured Milk
Table 10: Flavoured Milk Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 11: Flavoured Milk Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 12: Flavoured Milk Manufacturing Plant: Costs Related to Machinery (in US$)
Table 13: Flavoured Milk Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (in US$/Ton)
Table 14: Flavoured Milk Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 15: Flavoured Milk Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Flavoured Milk Manufacturing Plant: Capital Costs (in US$)
Table 18: Flavoured Milk Manufacturing Plant: Techno-Economic Parameters
Table 19: Flavoured Milk Manufacturing Plant: Taxation and Depreciation (in US$)
Table 20: Flavoured Milk Manufacturing Plant: Income Projections (in US$)
Table 21: Flavoured Milk Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Flavoured Milk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 23: Flavoured Milk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 24: Flavoured Milk Manufacturing Plant: Profit and Loss Account (in US$)