Market Research Future (Food and Beverages) Flavored Milk Market Research Report | Page 3

Flavored Milk Market Research Report- Forecast till 2023
2 Market Overview
Flavored Milk Market is witnessing an impressive growth over the last few years. This is attributed to the shifting
consumer preferences among the population of both developed and developing economies. Also, increasing
disposable income of the consumers is anticipated to be the significant reason for the growth of the flavored milk
market during the forecast period. Additionally, key players in the global flavored milk market are emphasizing more
on bringing up new flavors to extend the product line.
The sale of flavored milk is growing exponentially on account for the growing demand among the consumers for a
variety of dairy beverages. Many key players in beverages market are investing in R&D so as to focus on product
development which enriches the flavors in flavored milk. Moreover, flavored milk is gaining popularity across the
globe, as the demand for healthy food & beverages has been increasing in recent years. These factors will support
the flavored milk market, estimated to grow at the rate of about 4.3% from 2017 to 2023.
Industry Segment:
The Global Flavored Milk Market is segmented into Flavor, Packaging Material and Distribution Channel.
On the basis of the flavor, it is segmented into chocolate, Butterscotch, Vanilla, Strawberry and others. Among all
the flavor’s, the chocolate segment holds the major market share followed by the vanilla segment.
On the basis of the packaging material, it is segmented into Plastic, Paper, Glass, Metal and others. Among all the
packaging types, the plastic segment is dominating the market.
On the basis of the distribution channel, it is segmented in Store-Based and Non-Store Based. Among both, the
store-based distribution channel is dominating the market.
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