The global flavored milk market is expected to register high growth in the forecoming years. Major factors driving growth of the global flavored milk markets is, changing consumer’s taste and preference. In addition, rising awareness regarding health, urbanization, increasing per capita income are the factors boosting the demand for global flavored milk market.
The global flavored milk market report has been segmented on the basis of type, application, packaging, and region.
On the basis of type, the global flavored milk market has been segmented into strawberry, chocolate, coffee, mint, vanilla, other including grapes, orange, apple, fruity, etc. The chocolate type of flavored milk segment is expected to dominate the global flavored milk market, owing to high consumer’s preference.
On the basis of application, the global flavored milk market has been segmented into beverages and food.
On the basis of packaging, the global flavored milk market has been segmented into paper based, plastic, glass, and others including metal etc.
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On the basis of region, the global flavored milk markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2018, Asia Pacific market is expected to account for highest CAGR in the global flavored milk market and is expected to maintain its growth over the forecast period. This is primarily attributed due to rising disposable income, increasing demand from China, India, Indonesia countries, and consumer’s unscheduled eating habits due to busy working schedule are boosting the growth of flavored milk market in this region.
Key players operating in the global flavored milk market include Yili Industrial Group Company Limited, China Mengniu Dairy Company Limited, Gujarat Cooperative Milk Marketing Federation Limited, Mother Dairy Fruit and Vegetable Private Limited, Danone Ltd., and Kraft Foods Group, Inc.