About Milk Slice
Milk Slice is basically a milk solids which may be available in the market as sole slices or as a sandwich having two layers of chocolate on the either side. The growing competition in the processed dairy industry has led to growing innovations and emergence of new products in the market to attain a competitive edge. This very reason has led to the emergence of the milk slice market. Demand for high nutrition food due to rising gym culture has also positively affected the milk slice market. Although less awareness of the product and the less reach of the product limits its growth prospect. North America and Europe are the two prominent markets of the milk slice.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Rising competition in the processed dairy space has led to emergence of new innovations such as that of the milk slice. The market of the milk-slice is expected to rise owing to rising health consciousness and the rise of the gym culture, which has indirectly increased the demand for high nutrition food products. Currently, North America is the biggest market of the milk slice. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kerry Group plc (Ireland), Danone SA (France), Royal FrieslandCampina N.V. (Netherlands), Nestlé S.A. (Switzerland), Mead Johnson & Company, LLC (United States), Perrigo (Ireland), Arla Foods (Denmark), Westland Milk Products (New Zealand), Fonterra Co-operative Group Limited (New Zealand) and Abbott (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Milk Slice market by Type (Cow Milk Slice and Goat Milk Slice) and Region.
On the basis of geography, the market of Milk Slice has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce Stores} will boost the Milk Slice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Plastic Packets will boost the Milk Slice market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Goat Milk Slices are rising in Popularity
Market Growth Drivers:
Growth of the Processed Dairy Industry, Rising Demand for High Nutrition Food Products and Increasing Disposable Income
Challenges:
Limited Market Reach of the Product
Restraints:
Less Awareness about the Product
Opportunities:
Aggressive marketing on E-Commerce Sites may expand the Market of the Milk Slice
Market Leaders and their expansionary development strategies
In January 2024, Armored Fresh, a Food Tech company specialising in alternative dairy products, has announced an exciting new partnership with the beloved East Coast restaurant chain, Bareburger. The popular burger chain is highlighting the partnership with a new and improved menu that calls out Armored Fresh’s delicious zero-dairy Oat Milk Cheddar Cheese as an add-on to any vegan, vegetarian, or meat-based menu item. In addition to offering the deliciously melty slices as an option for any order, Bareburger is launching two new menu creations crafted with the Oat Milk Cheddar Slices, including the Armored Fresh Melt, and the Impossible Standard.
In 2019, Ferrero, the Italian multinational confectionary company under its famous brand Kinder launched Kinder Milk-Slice, this newly launched product will be under the category of chilled snacks. The milk-slice will mainly be targeted as after-school snacks. It contains almost 40.5% fresh milk, and comes with massive 118 calories.
Key Target Audience
Milk Slice Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.