The Europe Flavored Dairy Market was worth US$ xx million in 2022, and it is predicted to reach a valuation of US$ xx million, developing with an annual expansion rate (CAGR) of xx% between 2023 and 2028.
Dairy products are produced from the milk of mammals such as buffalo, cows, sheep, goats, and camels. Dairy products are a source of calcium and vitamin D, vitamins B2, B3 and B12. Flavored dairy products consist of milk, sugar, colors, and artificial or natural flavors. Flavored dairy is often pasteurized using an ultra-high temperature (UHT) treatment, which increases shelf life. Flavored dairy is an excellent source of vitamins and protein.
The growing demand for healthy foods among consumers is the driving force that is expected to accelerate the Europe Flavored Dairy market during the forecast period.
The Europe Flavored Dairy market is dominated by growing consumer interest in the health benefits of dairy consumption. Because flavored dairy is often rich in vitamins and calcium, these drinks are traditionally intended for both European adults and children and kept in school cafeterias to instill a healthy eating habit. Also, the changing lifestyles of consumers are supposed to drive the growth of this business around Europe. Consumers are aware of the quality of the food they consume. Therefore, they move towards a healthy consumption suitable for highly nutritious products. As lifestyle changes and preferences for nutritious and healthy foods increase, the demand for dairy products increases. In addition, consumers' busy schedules and irregular eating habits are increasing the demand for ready to consumer products around the locale. This is the main key factor driving the Europe Flavored Dairy market. The increase in disposable income stimulates the Europe Flavored Dairy market. The surge in consumer preferences for chocolate, vanilla and strawberry flavors in dairy products are supposed to collectively take the lead in the Europe Flavored Dairy industry.
Factors estimated to drive the growth of the Europe Flavored Dairy market are increasing the demand for nutritious and healthy foods. Also, increasing consumer preference for a variety of flavors, rising disposable income, burgeoning population, efficient distribution channels, and increasing beverage outlets are factors driving Europe Flavored Dairy market demand. Besides, the long shelf life and increasing demand for chilled dairy products have led to a growing market for Flavored Dairy products around Europe. The regional Flavored Dairy industry continues to grow as its consumption remains lower compared to other beverages such as carbonated soft drinks, energy drinks, etc. Rising disposable income per capita is another factor driving the Europe Flavored Dairy market growth. The increasing call for soda alternatives is another factor driving Europe Flavored Dairy market growth further. The local market will show remarkable growth over the outlook period as consumers become more health conscious, disposable income increases, and population grows. The growing demand for ready-to-drink beverages increasingly suited to people's on-the-go lifestyles has led to even greater demand in the European Flavored Dairy market. Increasing health problems among urban consumers in developing countries are turning unhealthy beverage options, such as carbonated soft drinks and even juices, into flavors that provide growth opportunities for Europe Flavored Dairy market players in the near future.
High sugar content, which can harm health, such as hyperglycemia and diabetes, may sooner or later slow down the growth of the market for Flavored Dairy in Europe. As the vegan population grows regionally, the Europe Flavored Dairy market is expected to see a decline in growth over the forecast period. Additionally, increasing lactose tolerance is a powerful force to oppose the Europe Flavored Dairy market and may create challenges in some regions. The decrease in dairy production due to natural disasters is one of the main factors that hinders the production of Europe Flavored Dairy market. The elimination of the dairy quota should minimize the cost per kilogram of dairy that could affect the income of the balsam, thus affecting the profit margin of the farmers.
By type, the European flavored dairy market is separate into milk, yogurt, and cheese.
Based on the flavor type, the local market is segregated as chocolate, vanilla, rose and saffron.
By form, the market is divided into solid, liquid, and semi-solid.
Depending on the end-use industry, the market is divided as food & beverage industry and confectionery industry.
The coronavirus pandemic has disrupted the food chain supply around the world. The impact of the virus on the food industry, especially in China, has led to a loss of market demand. The food and beverage industry faces many problems mainly due to temporary closures and transportation limitation. Social distancing and home maintenance orders are further closing restaurants and food chains, negatively impacting the Europe Flavored Dairy market.
The Europe Flavored Dairy market is expected to witness a healthy CAGR during the foreseen period due to the large number of manufacturers of Flavored Dairy products in France, Germany, Switzerland and the United Kingdom. Markets across the UK are among the leaders that have driven demand for chocolate-based dairy drinks in recent years. Factors such as new product launches, and product innovations are some of the key characteristics that have reshaped the Europe Flavored Dairy market. Consumers' expectations for Flavored Dairy have seen a shift in preferences, with some preferring not to use dairy products, while others prefer natural products with minimal processing. While the mix of demand for chocolate and dairy in the UK is understood, new products with unique flavors and ingredients are supposed to be in significant demand of Europe Flavored Dairy market in the coming years.
Key Players in the Market:
Major Key Players in the Europe Flavored Dairy Market are
Nestlé SA, Danone, Fonterra Co-operative Group Limited, Dean Foods Company, Koninklijke Friesland Campina NV, Inner Mongolia Yili Industrial Group Co., Ltd., National Dairy Development Board, Morinaga Dairy Industry Co., Ltd and Grupo Lala de C.V.
Related Reports
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400
Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM
Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]
Reports By Region