Global Toned Milk Market Report and Forecast 2024-2032

Global Toned Milk Market Outlook

The global toned milk market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 2.60%.

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The Asia Pacific Region Holding a Substantial Share in the Market for Toned Milk

The toned milk market in the Asia Pacific region is witnessing substantial growth on account of the growing young population and the rising production and consumption of dairy products in countries like China and India. The surging production of milk in India owing to the high import of European cows is boosting the market growth of toned milk in the region. The ongoing decades-long programme of sourcing milk from small farmers with the help of cooperatives, for instance, AMUL, is further propelling the market growth for toned milk in the Asia Pacific.

The changing lifestyles and rapid urbanisation, along with surging modernisation in countries like China and India, are driving the market growth of toned milk in the Asia Pacific region. The growing manufacturing of toned milk and the presence of key market players in the region are further supporting the market growth. The robust growth of the food industry is also bolstering the usage of milk and dairy products owing to their excellent nutritional profile, hence invigorating the toned milk market growth. Meanwhile, the market for toned milk in North America is expected to grow in the forecast period owing to the surging adoption of healthier lifestyles among consumers.

Market Segmentation

Toned milk refers to a dairy product that is made by adding skimmed milk powder and water to whole milk. This method is used to reduce the fat content while maintaining its nutritional component and is also cheaper than the other milk types. Toned milk posits benefits like promoting easy digestion, lowering blood pressure, protecting bones, controlling hunger, promoting better sleep, and facilitating weight loss, among others.

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The market for toned milk, by type, is divided into:

• Single Toned
• Double Toned

On the basis of product types, the market is categorised into:

• Flavoured Milk
• Unflavoured Milk

Based on distribution channel, the market is segmented into:

• Supermarkets or Hypermarkets
• Convenience Stores
• Speciality Stores
• Online
• Others

The EMR report looks into the regional markets of toned milk like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

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Robust Growth of the Flavoured Milk Segment to Bolster the Market for Toned Milk

The flavoured milk segment of the toned milk market is expected to witness a significant growth in the coming years owing to its nutritional offerings. Flavoured toned milk contains less sugar than sports drinks and other juices, which is further propelling the consumption of milk among the health-conscious population. It also contains minerals and vitamins that help repair and build muscle, which is likely to fuel its demand in the forecast period. Additionally, the increasing awareness regarding health benefits of the product like easy digestion, high blood pressure reduction, and bone protection, among others, among the consumers is anticipated to propel the market growth in upcoming years.

With the increasing health consciousness among the young population, the consumption of toned milk owing to its antioxidant properties and other health benefits is growing, which is aiding the market. The consumption of toned milk offers almost the same nutritional components as conventional milk types while lowering the sugar content, which is further influencing consumer demand for toned milk across the globe. With the surging adoption of healthy lifestyles, the growing urbanisation, and changing tastes and preferences of consumers, the toned milk market is expected to grow robustly in the forecast period.

Key Players in the Global Market for Toned Milk

The report presents a detailed analysis of the following key players in the global toned milk market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Nestle S.A.
• Amul Dairy Company
• Danone S.A.
• Kwality Ltd.
• Mother Dairy Fruit & Vegetables Pvt. Ltd.
• Fonterra Co-operative Group Limited
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report