Flavoured Milk Market to Grow with a CAGR of 5.8% through 2030
The
global flavoured milk market is growing rapidly, driven by rising
health-conscious consumption, demand for convenient indulgent beverages,
product innovation in flavours and fortification, and expanding retail and
digital distribution channels.
According to
TechSci Research report, “Flavoured Milk Market - Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2030F”, the global flavoured milk market was valued at USD 63.28 Billion in 2024 and is expected to
reach USD 88.75 Billion by 2030 with a CAGR of 5.8% during the forecast
period. The global flavoured milk market is navigating a dynamic landscape
shaped by both compelling growth drivers and persistent challenges. On the
growth side, the market is benefiting from increasing consumer demand for
indulgent yet convenient beverages that can be consumed on-the-go, particularly
among urban populations and younger demographics. The rise of dual-purpose
products that combine taste and functional benefits, such as protein
enrichment, digestive support, and immunity-boosting ingredients, is expanding
the appeal of flavoured milk beyond traditional consumption occasions.
Additionally, brands are leveraging technological innovations in processing and
cold chain logistics to enhance product freshness, safety, and availability
across multiple retail and direct-to-consumer channels. Marketing strategies
focused on lifestyle alignment, experiential campaigns, and limited-edition
flavours are further strengthening brand engagement and loyalty.
However,
the market faces notable challenges that could affect growth sustainability.
Stringent regulatory frameworks related to sugar content, nutritional labeling,
and health claims are increasing compliance costs and necessitating careful
reformulation. Competition from alternative beverages, including plant-based
drinks, energy drinks, and functional juices, is intensifying, requiring
continuous innovation and differentiation. Operational hurdles such as high
production costs, dependence on quality dairy supply, and logistical
constraints in emerging markets may limit market penetration. Moreover,
fluctuating raw material prices and evolving consumer expectations around
transparency, sustainability, and ethical sourcing are placing additional
pressure on manufacturers to balance affordability, quality, and environmental
responsibility. Overall, the interplay of these drivers and challenges is
fostering a market environment that rewards innovation, agility, and
consumer-centric strategies, positioning flavoured milk as a resilient yet
highly competitive segment in the global beverage industry.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Global Flavoured Milk Market.”
The Flavoured
Milk Market is segmented into flavour, packaging, distribution channel and
region.
Flavoured milk is distributed through
multiple channels, including supermarkets and hypermarkets, convenience stores,
specialty stores, online stores, and other outlets such as school canteens,
vending machines, and traditional retail. Online stores are the fastest-growing
channel, reflecting the broader global shift toward e-commerce and digital
retail. The convenience of home delivery, subscription services, and doorstep
availability, combined with personalized offers and easy reordering, is driving
significant adoption among millennials and Gen Z consumers. Specialty stores,
while smaller in scale, continue to play a role in premium product
distribution, offering artisanal or niche flavoured milk variants. Supermarkets
and hypermarkets are the leading distribution channel, accounting for the
largest market share, driven by their wide product assortment, visibility, and
organized retail infrastructure. These stores provide an ideal platform for
brands to display their full portfolio, implement promotional campaigns, and
introduce seasonal or limited-edition flavours to a broad consumer base.
Convenience stores and specialty stores cater to urban, time-sensitive
consumers, providing small pack sizes and single-serve options suitable for
on-the-go consumption.
Based
on region, Asia-Pacific is the fastest-growing region in the global flavoured
milk market, propelled by rapid urbanization, rising disposable incomes, and
changing dietary habits. Countries with large youth populations are witnessing
high demand for indulgent yet nutritious beverages, making fruit-flavoured milk
and single-serve plastic packaging highly popular. Online retail and
convenience stores are expanding rapidly, improving product accessibility.
Manufacturers are launching localized flavours, affordable pack sizes, and
fortified variants to cater to diverse consumer preferences. The region’s
growth is further supported by government initiatives promoting dairy
consumption and nutrition awareness programs.
Major companies
operating in the global flavoured milk market are:
- Inner Mongolia Yili Industrial Group Company Limited
- China Mengniu Dairy Company Limited
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Nestlé S.A.
- Danone S.A.
- Arla Foods amba
- Dean Foods Company
- The Hershey Company
- Saputo Inc.
- FrieslandCampina N.V.
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“Digitalization
and the growth of e-commerce have emerged as transformative trends in the
flavoured milk market, redefining how consumers purchase and interact with
beverages. Online grocery platforms, food delivery apps, and direct-to-consumer
channels are enabling brands to reach urban and semi-urban consumers more
efficiently. The convenience of doorstep delivery, subscription models, and
customizable packs is influencing buying behavior, especially among millennials
and Gen Z, who prioritize ease of access and time efficiency. Social media
marketing and influencer collaborations are amplifying brand visibility,
allowing companies to engage consumers through interactive campaigns,
limited-edition launches, and flavor polls. Additionally, e-commerce provides
valuable data analytics for brands, helping them understand consumer
preferences, optimize inventory, and tailor marketing strategies”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
"Flavoured Milk Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Flavour (Chocolate, Fruit,
Vanilla, Others), By Packaging (Paper Based, Plastic Based, Glass Based, Metal
Based), By Distribution Channel
(Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online
Stores, Others), By Region, & Competition, 2020-2030F”,
has evaluated the future growth potential of global flavoured milk market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global flavoured milk market.
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