Outlook of the flavored milk market
Extensive research carried out by the analysts at Technavio has shown that the global flavored milk market is expected to witness steady growth and will post a CAGR of more than 4% over the forecast period. The inclusion of flavored milk as part of school meal plans in several countries such as the US and India will drive the growth of this market over the coming years. The increasing consumption of flavored milk by children has led to a significant decrease in the consumption of soft drinks and other beverages, which lack nutritional benefits. Moreover, several professional health organizations such as the American Academy of Pediatrics and the American Academy of Pediatric Dentistry support the consumption of flavored milk by children as milk is a rich source of essential nutrients including calcium, potassium, and magnesium.
An emerging trend gaining significant traction in this market is the launch of products with new flavors. The majority of vendors are expanding their flavor portfolio to keep the customers interested in the market. For instance, in March 2016, Prairie Dairy Farms launched two new flavors for its Peeps flavored milk. The two new flavors offered by the vendor are strawberry créme and orange créme. The introduction of new flavors is likely to result in the increasing consumption of flavored milk during the predicted period.
Competitive landscape and key vendors
The global flavored milk market is highly dynamic due to the presence of numerous well-established global and regional vendors. Several vendors are coming up with new innovative products and are also investing heavily in research and development to remain competitive in the market. To cater to the changing consumer preferences, the players are launching products with new flavors. Also, new and innovative packaging are
Overview of the global almond milk market
Technavio’s market research analyst predicts the global almond milk market to grow at a CAGR of more than 15% between 2016 and 2020. The new-age consumers, especially millennials, are demanding high-quality, healthy, premium-brand dairy products, which has propelled the almond milk manufacturers to come up with several new premium products to meet the customer demands. Some manufacturers are re-inventing their products by offering premium almond milk with a unique creamy taste that is produced using artisanal practices. Several retailers are coming up with super-premium almond milk for consumers seeking premium and health beverage products. Moreover, the health benefits associated with dairy-alternative milk continues to be the key selling proposition with about 90% of the dairy-alternative drinks being launched globally in 2015.
Consumers are shifting towards organic variants of almond milk owing to the growing health consciousness. The organic almond milk is prepared without any thickeners or additives for the creamy texture. Organic almond milk is expensive compared to other non-dairy alternatives as the organic almonds used for making such milk, are comparatively high-priced. Moreover, over 10% organic activated almonds are used in the preparation of almond milk. For instance, Nutriops, a premium organic almond milk manufacturer has come up with several organic milk products like EcoMil Almond milk sugar-free Bio 1 L, EcoMil Almond milk sugar-free calcium Bio 1 L, EcoMil Almond milk sugar-free protein Bio 1 L.
Competitive landscape and key vendors
Characterized by high competition, vendors in the global almond milk market compete in terms of price, quality,
Overview of the probiotics drinks market
According to the market research analysts at Technavio, the global probiotics drinks market is expected to witness fast-paced growth and will post an impressive CAGR of more than 7% over the forecast period. The various health benefits associated with the consumption of probiotics drinks is a major factor driving this market’s growth. Regular consumption of probiotic drinks prevents the growth of harmful bacteria inside the digestive tract, which leads to better nutrient absorption and bowel movements. Also, probiotic supplements increase lactobacilli count in women and prevent diseases like bacterial vaginosis, yeast infection, and urinary tract infection. Moreover, these drinks improve interstitial microbial balance by lowering the pH levels, leading to their augmented adoption over the coming years.
One of the recent trends spurring the growth of this market is the availability of ready-made pack of functional drinks for on-the-go consumption. These products are easily accessible and faster to pick and drink. This convenience factor plays a significant role in encouraging favorable consumer purchase decisions. The growing customer base for these products has necessitated the increase in the availability of these products in a variety of retail stores such as supermarkets, hypermarkets, and pop-up stores, making it convenient for consumers to purchase them. Additionally, customer-friendly web interfaces of probiotic drink brands like Yakult, Dannon Active, and GoodBelly on online platforms
Overview of the global fruit and vegetable mixed juices market
Technavio’s market research analyst predicts the global fruit and vegetable mixed juices market to grow steadily at a CAGR of more than 3% between 2016 and 2020. Fruit and vegetable mixed juices are gaining traction among people due to their low sugar and high nutrient content. The surging demand for fruit and vegetable mixed juice products will continue during the forecast period with several vendors are coming up with new products to cater to the growing demand for such health products. Very few consumer segments are aware of the benefits of fruit and vegetable mixed juices. This has propelled vendors in the market to come up with several marketing and advertising activities to increase the consumer knowledge about the benefits of these products. Blueberry and karela or bitter gourd juices are widely accepted among diabetic patients in India. Besides, juices such as carrot blueberry juice are also gaining huge prominence among consumers.
In terms of geographical segmentation, the Americas leads the fruit ad vegetables mixed juices market. Factors like surge in demand for convenient and healthy food options, rise in the number of juice bars, and new product launches are driving the growth of the market in the Americas. People in the Americas consume a variety of juices, which has propelled manufacturers to come up with new products. Vegetable juices are the most consumed juices because of their low calorie content. Besides the US, countries such as Brazil, Canada, and Mexico are the major consumers of juices in the region.
Competitive landscape and key vendors
The global fruit and vegetable mixed juices market is extremely competitive and fragmented due to the presence of numerous
Overview of the herbal tea market
Extensive research carried out by the market research analysts at Technavio has shown that the global herbal tea market will grow at a steady pace and will post a moderate CAGR of more than 5% over the forecast period. Herbal tea has several health benefits and is available in a variety of flavors such as orange and apple, which are not only delicious but are a perfect alternative to unhealthy sodas. Moreover, herbal tea is rich in antioxidants, minerals, and vitamins. Some of the most popular herbal teas include peppermint tea, chamomile tea, and hibiscus tea. While peppermint tea aids in digestion and has antiviral and antimicrobial properties, chamomile tea has antiplatelet-clumping activity and plays a vital role in reducing the occurrence of blood clots. Also, hibiscus tea lowers the blood pressure and is ideal for pre-hypersensitive and mildly hypersensitive people. The increasing awareness about preventive healthcare and stressful lifestyle is encouraging consumers to opt for products with health benefits like herbal tea.
Online retailing is a recent trend spurring the growth prospects of the herbal tea market in the coming years. Although the brick-and-mortar retail channel remains the key channel in the market, Internet retailing is witnessing rapid growth. Factors such as quick delivery services and competitive selling prices are some of the major factors boosting the growth of Internet retailing worldwide. Several websites like mightyleaf.com, teabox.com, themandarinstearoom.com, and adagio.com offer different
Overview of the global canned salmon market
Technavio’s market research analyst predicts the global canned salmon market to grow at a moderate CAGR of around 4% between 2016 and 2020. Salmon aquaculture is the fastest-growing food production system in the world. As per the recent market studies, the farmed salmon production has increased by about 133% over the past 15 years. There is growing demand for canned salmon across the world due to the various health benefits associated with the consumption of salmon fish. Salmon is considered as a good source of proteins, minerals, and various fatty acids such as omega-3 and omega-6. The surging demand for salmon products has led to the rapid increase in salmon production. The aquaculture production of Atlantic salmon is increasing significantly and is anticipated to increase at a growth rate of around 10% during the forecast period. The latest development in this market is the practice of land-based salmon aquaculture, which confines the fish to indoor tanks, and eliminates interactions between the farmed fish and the external environment.
APAC is the largest region in the canned salmon market in terms of revenue and is anticipated to occupy more than 41% of the overall market during the forecast period. Factors such as the increase in population, growing requirement for protein-rich diets, high disposable income, and changing lifestyles are fueling the demand for canned salmon products in the region. China, India, Japan, Thailand, Australia, Bangladesh, Singapore, and Malaysia are the key revenue contributing countries in APAC. Moreover, the surging demand for fish
Non-alcoholic drinks refer to beverages that have less than 0.5% alcoholic content by volume. This includes soft drinks, juices, ready-to-drink tea and coffee, bottled water, energy drinks, and non-alcoholic beer and wine. Rapidly changing lifestyles and increasing disposable income are two of the major factors fueling the demand for non-alcoholic drinks globally.
Technavio’s consumer data and market analysis advances your knowledge of the industry and its competitive environment and provides strategic insights on non-alcoholic beverages, non-alcoholic beer, non-alcoholic wine, non-alcoholic cocktails, and non-alcoholic malt beverages.