Flavored Milk Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

Global Flavored Milk Market is forecasted to grow at a CAGR of 5.23% during the forecast period (2020 - 2025).

• New developments in flavors and packaging are observed to be trending in the global flavored milk market, with companies introducing locally-preferred flavors. Additionally, there is a preference for fruit flavors among youngsters. For instance, Prairie Dairy Farms launched two new flavors in flavored milk, namely strawberry créme and orange créme.
• Further, companies are observed to be launching flavored milk varieties with enhanced functional properties. Moreover, they are offering low-sugar and fat-free varieties of flavored milk products in order to tap into the increased diabetic and health-conscious population.
• Considering the opportunity posed by busier lifestyles and the need for convenience, companies are introducing on-the-go flavored milk in order to increase their offerings and customer base.

Scope of the Report

On the basis of packaging, the flavored milk market is segmented as paper-based packaging, plastic-based packaging, glass bottles, and metal cans. On the basis of distribution channels, the market is segmented as supermarkets/ hypermarkets, convenience stores, online retail stores, and other distribution channels; where other distribution channels include pharmacies and vending machines.

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand For Lactose-Free Dairy Propelling The Market Growth

According to the U.S. National Library of Medicine, approximately 65 percent of the human population has a reduced ability to digest lactose post-infancy. Moreover, lactose intolerance in adulthood is most prevalent in people of East Asian descent, affecting more than 90 percent of adults in some of these communities. It is also common in people of West African, Arab, Jewish, Greek, and Italian descent. In these markets, lactose-free dairy products are witnessing immense popularity. Moreover, with rising awareness about a healthy lifestyle, products with low levels of lactose and sugar are considered to be healthier. There is a significant increase in the number of lactose-free products being launched in the market. Products with less lactose content and lactose-free dairy products, such as yogurt, milk, and cheese, are gaining traction in various counties across the globe. For instance, according to a report published by Agriculture and Agri-Food Canada, lactose-free dairy sales are forecasted to grow at a CAGR of 4.7% between 2012 and 2017.

To understand key trends, Download Sample Report