Market Size of Asia-Pacific Flavored Milk Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.23 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Flavored Milk Market Analysis
The Asia-Pacific flavored milk market is projected to register a CAGR of 2.23% during the forecast period (2020 - 2025).
- The market is primarily driven by the desire for nutritious and healthy food, which is prompting consumers to turn to nutrient-rich milk products. Urbanization, rising prosperity, and the pace of modern life have increased 'on-the-go' consumption of ready-to-drink (RTD) beverages.
- Consumers' eagerness to try new food and drinks and them seeking indulgent eating and drinking experiences as a way of escaping the daily grind are also boosting sales in the region.
- Despite the important nutrient contributions flavored milk makes to the diet, concerns about the potential effects of the added sugar and flavorings in flavored milk have raised questions regarding the role of flavored milk in a healthy diet.
