Press release
Projected Surge in the Global Milk Market: An Overview of the Market Size, Key Players, and Trends
Milk Market
What Is The Projected Market Size Of The Global Milk Market And Its Growth Rate?
The robust growth in the global milk market is evident with:
• The market size catapulting from $860.9 billion in 2024 to $921.25 billion in 2025, recording a Compound Annual Growth Rate (CAGR) of 7.0%
• Further growth of the market size to $1249.04 billion in 2029 at a CAGR of 7.9%
Underpinning factors for this growth during the historic period include population and urbanization growth, increasing nutritional awareness, changing dietary preferences, and overall economic and dairy industry development.
What Is Driving The Growth In The Milk Market?
The milk market is experiencing growth driven by a surge in demand for dairy products such as butter, cheese, yogurt, and condensed and dried milk. The consumption of these milk-based products, accompanied by rising nutrition awareness, has increased the demand for milk significantly. For instance, in September 2022, New Zealand reported a combined export value of milk powder, butter, and cheese amounting to $18.8 billion, marking a 17% increase from July 2021. This growing demand for dairy products accounts for the escalating market growth.
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Who Are the Key Players Driving Milk Market Growth?
The substantial players contributing to the growth of the milk market include:
• Danone SA
• Arla Foods Amba
• China Mengniu Dairy Company Limited
• 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.
What Are The Key Trends In The Milk Market?
Key Trends influencing the milk market include:
• Data analytics and insights
• Remote work optimization
• Sustainability and ESG considerations
• Agile and adaptive operations
• Cybersecurity integration
What Are The Segments Of The Global Milk Market?
The global milk market report incorporates the following segments:
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, Super markets And Hyper markets, Online, Other Distribution Channels
Which Region Leads The Milk Market?
Asia-Pacific was the dominant player in the milk market in 2024. Other major regions accounted in the market report include Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Milk Market Global Market Report?
- Market Size Analysis: Analyze the Milk Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Milk Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Milk Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Milk Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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