(MoneyNewsWire.Net, November 14, 2017 ) The Latin America Flavored Dairy Market is worth USD xx million in 2016 and estimated to grow at a CAGR of xx.xx %, to reach USD million by 2021. The Latin America Flavored Dairy market is developing at an exceptionally quick pace.
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The dairy products are produced from cows, wild ox, goat, sheep, and camel. Flavors are utilized as a part of the dairy product either to adjust or to enhance the taste by including a specific fix. Enhanced dairy products are the rich source of calcium and vitamin D, Vitamin B2, B3 and B12. Increasing customer preference for chocolate, vanilla and strawberry seasons in the dairy products, these three sections are on the whole expected to lead among the flavor sort portion. Also, food and drink industry is required to hold greatest market share as far as value and volume are considered industry fragment. The worldwide enhanced dairy market is expected to witness huge CAGR during the forecast period.
The significant drivers is increasing consumer disposable income, and increase in consumer awareness about health benefits of the same. Also surge in changing lifestyles and taste preferences of the consumers in developed and developing nations is boosting the industry. Also growing food and beverage industries are further expected to boost this industry. However reduced milk trade in some countries is going to limit this industry.
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On the basis of Product type Flavored Dairy market is segmented as follows: Milk,Yogurt, Cheese, Ghee, Butter and others. On the basis of flavor type Flavored Dairy market is segmented as follows: Chocolate, Vanilla, Strawberry and Raspberry, Cardamom, Rose, Saffron, and Other. On the basis of form Flavored Dairy market is segmented as follows: Solid, liquid and semisolid. On the basis of end user industry Flavored Dairy market is segmented as follows: Food & Beverage Industry, Confectionery Industry, and Hotel or Restaurant Industry. Milk and Cheese segment are expected to dominate the market share. In flavor section vanilla and strawberry are likely to have large market segment.
Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The rising focus of key players on enhancing their market presence across the globe is estimated to encourage the growth of the market in the Latin America regions.
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Danone, Nestlé, Mars, Incorporated and its Affiliates, Mondelz International, General Mills , Inc. , Unilever, PepsiCo, Inc., The Kraft Heinz Company, Inc., GCMMF (Amul),Mother Dairy Fruit & Vegetable Pvt. Ltd. ,The Bel Group, Com Inc. ,Dean Foods,The Whitewave Foods Company are the leaders in the Latin America Flavored Dairy market.
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