Press release
Milk Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Danone SA, Arla Foods Amba, China Mengniu Dairy Company Limited, Kraft Foods Group Inc., Land O'Lakes Inc
Milk Market Characteristics
The Business Research Company offers in-depth market insights through Milk Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The milk market size has grown strongly in recent years. It will grow from $794.96 billion in 2023 to $863.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to population growth and urbanization, nutritional awareness, changing dietary preferences, economic development, dairy industry development..
The milk market size is expected to see strong growth in the next few years. It will grow to $1181.12 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to health and wellness trends, sustainable dairy practices, dietary shifts and plant-based alternatives, global food security, innovation in dairy products.. Major trends in the forecast period include data analytics and insights, remote work optimization, sustainability and esg considerations, agile and adaptive operations, cybersecurity integration..
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Market Segmentation:
The milk market covered in this report is segmented -
1) By Product: Skimmed Milk Powder, Liquid Milk, Whey Protein, Butter, Infant Nutrition, Other Products
2) By Animal sources: Cows, Sheep, Buffalo, Goats, Other Sources
3) By Distribution: Convenience Stores, Supermarkets And Hypermarkets, Online, Other Distribution Channels
Major Driver - The Surge In Dairy Product Demand Propelling Global Milk Market Growth
The growing demand for dairy products is expected to propel the growth of the milk market going forward. Dairy products refer to milk-based foods such as butter, cheese, ice cream, yogurt, and condensed and dried milk. Milk is a primary source for producing various dairy products and providing nutrition, as a result, the growing demand for dairy products increases the demand for milk. For instance, in September 2022, according to the NZ Tauranga Aotearoa, a New Zealand-based government data agency, New Zealand reported a combined export value of milk powder, butter, and cheese of $18.8 billion, an increase of 17% or $2.8 billion from July 2021. Therefore, the growing demand for dairy products drives the growth of the milk market.
Competitive Landscape:
Major companies operating in the milk market report are Danone SA, Arla Foods Amba, China Mengniu Dairy Company Limited, Kraft Foods Group Inc., Land O'Lakes Inc., Meiji Holdings Co. Ltd., Almarai Company, Royal Friesland Campina NV, Armor Proteines SAS, Dairy Farmers of America Inc., Fonterra Co-operative Group Ltd., Foremost Farms USA Cooperative, Glanbia plc, Groupe Lactalis SA, Gujarat Cooperative Milk Marketing Federation, Hangzhou Wahaha Group Co. Ltd., HP Hood LLC, Inner Mongolia Yili Industrial Group Co. Ltd., Kerry Group plc, Nestle SA, Lactalis Group SA, Fonterra Co-operative Group Limited, Saputo Inc., Dairy Farmers of Canada, Dairy Farmers of Ontario, California Dairies Inc., Agropur Cooperative, Anand Milk Union Limited .
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https://www.thebusinessresearchcompany.com/report/milk-global-market-report
Top Trend - Everest Instruments Unveils Fatscan Milk Analyzer, Pioneering Precision And Efficiency In Milk Quality Analysis
Technological innovations are a key trend gaining popularity in the milk market. Major companies in the milk sector are focused on incorporating new technology in operations to enhance the quality and safety of milk and strengthen their market position. For instance, in March 2023, Everest Instruments, an India-based provider of dairy technology solutions, introduced the Fatscan Milk Analyzer, which implements cutting-edge technology to provide a precise and effective analysis of milk quality. The technology can measure the % of fat, SNF (solids-not-fat), added water, density, protein, and lactose in less than 30 seconds.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Milk Market Characteristics
3. Milk Market Trends And Strategies
4. Milk Market - Macro Economic Scenario
5. Milk Market Size And Growth
…..
27. Milk Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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