Global flavored milk market expected to reach $97.8 billion by 2033 with a CAGR of 5.96%.

From GlobeNewswire: 2024-07-28 02:00:00

The Global Flavored Milk Market is set to grow from $54.8 billion in 2023 to $97.8 billion by 2033, with a CAGR of 5.96%. Consumers are choosing flavored milk over carbonated and energy drinks due to health awareness. The chocolate segment leads the market, with paper-based packaging and supermarkets/hypermarkets driving growth. Asia Pacific holds the largest market share, while North America is growing rapidly, led by the US and Canada. Major vendors include Nestle, Danone, and Hershey. In February 2022, A2 Milk Co. and Hershey introduced a new chocolate flavored milk. The market is segmented by flavor, packaging, and distribution channel.

New Report: Global Flavored Milk Market will reach $97.8 billion by 2033, with a CAGR of 5.96%. Consumers prefer healthier beverages like flavored milk over carbonated drinks. The chocolate segment dominates the market, while paper-based packaging and supermarkets/hypermarkets are driving growth. Asia Pacific leads, with North America growing rapidly. Major vendors include Nestle and Danone, with recent collaborations leading to innovative products like chocolate flavored milk.

Flavored milk’s market size to reach $97.8 billion by 2033, with a CAGR of 5.96%. Health-conscious consumers are shifting towards flavored milk over carbonated drinks. Chocolate-flavored milk is the top segment. Paper-based packaging and supermarkets/hypermarkets are expected to drive growth. Asia Pacific holds the largest share, followed by North America. Major vendors include Nestle and Danone, leading to recent collaborations for innovative products like chocolate flavored milk.



Read more at GlobeNewswire: Global Flavored Milk Market Size To Worth USD 97.8 Billion