According to Stratistics MRC, the Global Packaged Milkshake Market is accounted for $2.82 billion in 2023 and is expected to reach $4.99 billion by 2030 growing at a CAGR of 8.5% during the forecast period.
Packaged milkshake is a ready-to-drink beverage that mimics the taste and texture of freshly made milkshakes but comes in a convenient, pre-packaged form. These beverages typically combine milk or a milk alternative with flavors like chocolate, vanilla, or strawberry, along with sweeteners and sometimes additional ingredients like fruits or syrups. Packaged milkshakes are popular for their convenience and portability, making them a quick and easy option for enjoying a milkshake on the go. They are often found in supermarkets, convenience stores, and vending machines, providing consumers with a quick and satisfying treat without the need for preparation or cleanup.
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The Asia-Pacific region has experienced significant growth in the packaged milkshake market due to rising disposable incomes, urbanization, and changing dietary preferences, which have fuelled demand for convenient and ready-to-drink beverages. Increasing health consciousness among consumers has led to a preference for healthier alternatives to traditional carbonated drinks, with milkshakes often perceived as a more nutritious option. Market players have also introduced innovative flavors and packaging formats to cater to diverse consumer preferences, further driving market growth.
Some of the key players in Packaged Milkshake market include Amul, Britannia Industries Limited, CavinKare, Dairy Farmers of America, Inc., Danone S.A., ITC, Karnataka Milk Federation (KMF), Keventers , Mondelez, Mother Dairy, Muller UK & Ireland Group LLP, Nestle S.A, Parag Milk Foods , Parle Agro Private Limited, Royal FrieslandCampina N.V. and The Hershey Company.
Key Developments:
In March 2024, Renowned dairy brand Amul, goes international for the first time and is ready to cater to the people with its range of fresh products in the US. Amul shall be launching its fresh milk products in the United States of America. Amul have tied up with a 108-year-old dairy cooperative – Michigan Milk Producers Association.
In November 2023, Müller UK and Ireland has announced the sale of of milk round and doorstep delivery service, Milk & More, to Freshways Group. Müller’s investments in Milk & More include developing a digital platform and large fleet of electric vehicles for delivery, as well as the introduction of a broader and relevant product offering beyond milk and improving customer experience.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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