Market Size of South America Flavored Milk Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Flavored Milk Market Analysis
South America Flavored Milk Market is growing at a CAGR of 4.8% during the forecast period (2020- 2025).
- The flavored milk market in South American comprises of milkshakes, which is growing at a faster rate as people are paying more attention to their health by consuming these types of milk. The demand for new flavored and nutrition rich dairy products is gaining popularity as the consumers are shifting to the vegan diet to fulfill their nutrition needs.
- Also, the company uses innovative drinks plus technology to create beverages with more perceptible additional benefits, thereby increasing shelf visibility in supermarkets to attract customers.
- However, consumers across the regions are more health conscious and inclined towards various sports activities, especially football, which, in turn, affects the growth of the flavored milk market as consumers are more inclined towards sports and energy drinks.
