Global Flavored Dairy Market to Thrive Owing to Increasing Health Awareness
The significant drivers is increasing consumer disposable income, and increase in consumer awareness about health benefits of the same.
Hyderabad, India -- (SBWire) -- 03/23/2018 --The dairy products are constituted of the milk of mammals which includes farm animals, buffalo, goat, sheep, and camel. Flavors are used in the dairy product both to alter and to enhance the flavor. The Flavored dairy products are the source of calcium and diet D, vitamin B2, B3, and B12.The flavored milk is usually available in unique flavors along with strawberry, chocolate and vanilla flavors in fat-free and low-fats tiers. The worldwide Flavored Milk industry is at an emerging degree because the consumption remains low when compared to different drinks inclusive of carbonated smooth drinks. Increasing awareness among individuals regarding various fitness benefits of milk is creating potentialities for flavored beverages consumption the world over.
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The worldwide Flavored Dairy Market turned into worth $12,474 million in 2016 and is anticipated to develop at a CAGR of 5.5%, to reach $18,126 million by way of 2021.The Flavored Dairy Market is segregated into end-user industry, type, form, and flavor type.
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The Flavored Dairy demand is raising owing to unscheduled consuming behavior, because of a busy life, increases the demand for the comfort foods. The rising fitness focus of customers also facilitates the boom of this marketplace, as flavored milk includes many vitamins like calcium, potassium, and magnesium. Urbanization is another essential driving force of this marketplace, because the increase in line with capita income, at the side of converting patron possibilities, boosts the call for flavored milk.
However, components such as smooth beverages and plant protein beverages pose a prime threat to the marketplace. Therefore, providers are introducing new flavors to draw customer's attention towards Flavored Dairy products.
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The Asia Pacific is expected to represent the most important proportion in this marketplace. At the same time Europe is anticipated to witness the quickest boom and beat North America, as it is the second one largest shareholder for the marketplace all through the forecast duration.
The major competitors of the Global Flavoured Dairy Market include The Whitewave Foods Company, Mondelz International, Danone, Mother Dairy Fruit & Vegetable Pvt. Ltd, Mars, The Kraft Heinz Company, Inc, PepsiCo, Inc, Nestlé, Unilever, The Bel Group, Com Inc, Incorporated and its Affiliates, Dean Foods, General Mills, Inc, and GCMMF (Amul).
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