Milk

Milk

Global Milk Market to Reach 1.1 Billion Tonnes by 2030

The global market for Milk estimated at 958.2 Million Tonnes in the year 2023, is expected to reach 1.1 Billion Tonnes by 2030, growing at a CAGR of 2.2% over the analysis period 2023-2030.

The U.S. Market is Estimated at 258.5 Million Tonnes While China is Forecast to Grow at 3.4% CAGR

The Milk market in the U.S. is estimated at 258.5 Million Tonnes in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 210.3 Million Tonnes by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 1.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Global Milk Market - Key Trends and Drivers Summarized

Dairy milk, a staple in many households, is a key component in various dietary regimes worldwide due to its high content of essential nutrients such as calcium, vitamin D, and protein. Dairy milk comes in several forms, including whole, skimmed, and flavored varieties, catering to diverse consumer preferences. It serves not only as a beverage but also as a crucial ingredient in numerous culinary recipes, contributing to the texture, flavor, and nutritional value of many dishes.

In recent years, the dairy milk market has faced significant challenges and transformations. The rise of plant-based alternatives and increasing awareness about lactose intolerance have led some consumers to seek non-dairy options. However, dairy milk continues to maintain a strong presence in the market due to its rich nutritional profile and long-standing cultural significance. Innovative advancements in dairy farming and processing have improved milk quality and shelf life, ensuring that consumers continue to receive high-quality products. Additionally, the dairy industry has seen a surge in demand for organic and grass-fed milk, driven by a growing interest in health and sustainability. This trend is reflected in the increasing availability of premium dairy products that emphasize natural and ethical farming practices.

The growth in the dairy milk market is driven by several factors. Technological advancements in dairy farming, such as automated milking systems and improved herd management techniques, have increased milk production efficiency and quality. The rising demand for high-protein and nutrient-dense foods has bolstered dairy milk`s popularity among health-conscious consumers. Furthermore, the expanding use of dairy milk in the food and beverage industry, particularly in products like cheese, yogurt, and butter, has sustained its market relevance. Consumer behavior trends, including the preference for natural and minimally processed foods, have also contributed to the growth of the dairy milk market. As the industry continues to innovate and adapt to changing consumer preferences, dairy milk remains a vital and resilient component of the global food market.

Select Competitors (Total 227 Featured) -

• Almarai Company
• Arla Foods Amba
• Armor Proteines SAS
• Dairy Farmers of America
• Fonterra Co-operative Group Ltd.
• Foremost Farms USA
• Glanbia PLC
• Groupe Lactalis
• Gujarat Cooperative Milk Marketing Federation (AMUL)
• Hangzhou Wahaha Group Co., Ltd.
• HP Hood LLC
• Inner Mongolia Yili Industrial Group Co., Ltd.
• Kerry Group PLC
• Lifeway Foods, Inc.
• MILEI GmbH
• Morinaga Milk Industry Co., Ltd.
• Namyang Dairy Products Co., Ltd.
• Nestle SA
• Saputo, Inc.
• Valio Oy
• Want Want China Holdings Ltd.
• Warrnambool Cheese & Butter Factory Company Holdings Ltd.
• Wimm-Bill-Dann Foods OJSC

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