The Surge In Dairy Product Demand Propelling Global Milk Market Growth: Transformative Forces Shaping the Milk Market Landscape in 2025

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What Will the Milk Industry Market Size Be by 2025?
The size of the milk market has seen robust growth in the past few years. Anticipated to increase from $738.16 billion in 2024 to $789.51 billion in 2025, it boasts a compound annual growth rate (CAGR) of 7.0%. Factors like population expansion and urbanization, increased nutritional consciousness, shifts in dietary choices, economic progress, and development of the dairy industry have all contributed to this growth in the past.

What's the Long-Term Growth Forecast for the Milk Market Size Through 2029?
The dairy industry is projected to experience robust expansion over the next few years, with an anticipated value of $1026.07 billion in 2029 and a compound annual growth rate (CAGR) of 6.8%. The expected surge in the coming forecast period stems from factors such as health and wellness movements, eco-friendly dairy methods, dietary changes, plant-based substitutes, and global food safety, as well as inventive dairy items. Major trends to look out for during this period include data analysis and insights, augmentation of remote work, emphasis on sustainability and ESG factors, agile and flexible operations, and the integration of cybersecurity.

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What Are the Key Growth Drivers Fueling the Milk Market Expansion?
The surge in demand for dairy products is anticipated to drive the expansion of the milk industry. Dairy items include milk-based food like butter, cheese, ice cream, yogurt, as well as condensed and dried milk. Milk being a chief resource for the production of a variety of dairy goods and a provider of nutrition, the escalating demand for dairy results in an increased need for milk. For example, in September 2022, NZ Tauranga Aotearoa, a Government data agency from New Zealand, reported that the country's export value for milk powder, butter, and cheese collectively totaled $18.8 billion, marking a 17% ($2.8 billion) rise from July 2021. Consequently, the heightened demand for dairy products fosters the growth of the milk industry.

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Which Fast-Growing Trends Are Poised to Disrupt the Milk Market?
The integration of technological advancements has been identified as a significant trend in the milk industry. Leading enterprises in the milk arena are channeling their efforts towards leveraging the power of novel technology to boost the safety and quality of milk, thereby fortifying their standing in the market. For instance, Everest Instruments, based in India and known for its dairy technology offerings, rolled out the Fatscan Milk Analyzer in March 2023. This state-of-the-art tool uses advanced technology to conduct a fast, precise, and effective analysis of milk content. In under 30 seconds, it can gauge the percentage of elements such as fat, solids-not-fat (SNF), additional water, density, protein, and lactose.

How Is the Milk Market Segmented?
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

Subsegments:
1) By Skimmed Milk Powder: Whole Skimmed Milk Powder, Instant Skimmed Milk Powder
2) By Liquid Milk: Whole Milk, Low-Fat Milk, Flavored Milk, Organic Milk
3) By Whey Protein: Whey Protein Concentrate, Whey Protein Isolate, Hydrolyzed Whey Protein
4) By Butter: Salted Butter, Unsalted Butter, Clarified Butter (Ghee)
5) By Infant Nutrition: Infant Formula, Follow-On Formula, Toddler Milk
6) By Other Products: Cheese, Cream, Yogurt

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Which Companies Are Leading the Charge in Milk Market Innovation?
Major companies operating in 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., 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, Saputo Inc., Dairy Farmers of Canada, Dairy Farmers of Ontario, California Dairies Inc., Agropur Cooperative, Anand Milk Union Limited

Which Regions Are Leading the Global Milk Market in Revenue?
Asia-Pacific was the largest region in the milk market in 2024. The regions covered in the milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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