The Global Market for Flavored Milk, 2023: Unscheduled Eating Habits, Due to Busy Lifestyles is the Key Driver - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 24, 2018--The “Global Flavored Milk Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global flavored milk market was valued at around 48 billion USD in 2015 and is expected to grow at a CAGR of more than 4.4% during the forecast period of 2018-2023.
Unscheduled eating habits due to busy lifestyles, increases the demand for convenience foods, which is a key driver of the flavored milk market.
The rising health consciousness of consumers also helps the growth of this market, as flavored milk contains many nutrients like calcium, potassium, and magnesium.
Urbanization is another major driver of this market, as the increasing per capita income, along with changing consumer preferences, boosts the demand for flavored milk.
However, substitutes like soft drinks and plant protein drinks pose a major threat to the market. Innovation helps the fight against the substitutes market, hence, vendors are introducing new flavors to attract customers.
China Mengniu Dairy, one of the key vendors in the global flavored milk market, produces an estimated 8.68 million tons, annually.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesAmul China Mengniu Dairy Dairy Farmers of America Dean Foods FrieslandCampina Groupe Danone Grupo Lala Land O Lakes Morinaga Milk Industry Nestle Yili Group
For more information about this report visit https://www.researchandmarkets.com/research/5fffvv/the_global_market?w=4
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Related Topics:Milk and Cream
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 08/24/2018 03:21 PM/DISC: 08/24/2018 03:21 PM