Global Flavored Milk Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Dairy Based and Plant Based.

By Distribution Channel;

Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Online Retail Stores, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn483023088 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Flavored Milk Market (USD Million), 2021 - 2031

In the year 2024, the Global Flavored Milk Market was valued at USD 11,734.56 million. The size of this market is expected to increase to USD 15,724.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global flavored milk market is experiencing dynamic growth fueled by evolving consumer preferences and an expanding range of product offerings. Flavored milk, known for its enriched taste and nutritional benefits, has carved a significant niche in the beverage industry. Traditionally dominated by dairy-based products featuring popular flavors like chocolate and strawberry, the market has witnessed a transformative shift with the introduction of plant-based alternatives catering to lactose-intolerant individuals and vegan consumers.

Consumer demand for convenient and nutritious beverages has propelled the flavored milk market's expansion across various distribution channels. Supermarkets, hypermarkets, and convenience stores play pivotal roles in making these products readily accessible to a wide audience. Meanwhile, specialist stores and online retail platforms have emerged as crucial avenues for niche and health-conscious consumers seeking diverse flavor profiles and dietary preferences.

As health awareness continues to rise globally, the flavored milk market is poised for continued innovation and diversification. Manufacturers are increasingly focusing on enhancing product formulations, fortifying with vitamins and minerals, and exploring sustainable packaging solutions to meet evolving consumer expectations. This competitive landscape ensures a vibrant market environment where both dairy-based and plant-based flavored milk products can thrive, offering consumers a broad spectrum of choices aligned with their taste preferences and nutritional needs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Flavored Milk Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Health consciousness
        2. Innovation in flavors
        3. Rising disposable incomes
        4. Growth in urbanization
      2. Restraints
        1. Price volatility of raw materials
        2. Competition from alternative beverages
        3. Regulatory challenges
      3. Opportunities
        1. Growth of plant-based options
        2. Product innovation (low sugar, fortified)
        3. Online retail expansion
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Flavored Milk Market, By Type, 2021 - 2031 (USD Million)
      1. Dairy Based
      2. Plant Based
    2. Global Flavored Milk Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Supermarkets/Hypermarkets
      2. Convenience Stores
      3. Specialist Stores
      4. Online Retail Stores
      5. Others
    3. Global Flavored Milk Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nestlé S.A.
      2. Danone S.A.
      3. The Coca-Cola Company
      4. PepsiCo, Inc.
      5. Dean Foods Company
      6. Yili Group
      7. Inner Mongolia Yili Industrial Group Co., Ltd.
      8. Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF)
      9. Mother Dairy Fruit & Vegetable Pvt Ltd.
      10. Arla Foods amba
  7. Analyst Views
  8. Future Outlook of the Market