IMARC Group, a leading market research company, has recently releases report titled “Fluid Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global fluid milk market size, share, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the fluid milk market?
The global fluid milk market size reached US$ 181.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 205.7 Billion by 2028, exhibiting a growth rate (CAGR) of 2.22% during 2023-2028.
Fluid Milk Market Overview:
Fluid milk, often referred to simply as "milk," is a quintessential dairy product that has been a dietary staple for centuries across cultures worldwide. It is a liquid dairy beverage obtained from the mammary glands of mammals, primarily cows, although goat and sheep milk also contribute to the global production. This ubiquitous and nutritious drink is renowned for its high nutritional value, serving as a rich source of essential nutrients, including calcium, vitamins, and protein. Fluid milk's versatility and wide range of dairy derivatives, such as cheese and yogurt, have made it an integral component of the human diet, catering to diverse preferences and dietary requirements.
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Fluid Milk Market Trends:
The global fluid milk market is experiencing dynamic growth, influenced by several key factors that underline its enduring importance in the food and beverage industry. Firstly, the nutritional richness of milk remains a fundamental driver. Milk is renowned for its calcium content, vital for bone health, and its protein content, essential for muscle development and overall growth. Additionally, milk contains an array of vitamins and minerals, making it a wholesome choice for individuals seeking a balanced diet. Moreover, health consciousness and dietary trends have also significantly contributed to the market's growth. As consumers become increasingly aware of the nutritional benefits of milk and its role in maintaining overall well-being, demand for fluid milk products, such as low-fat and lactose-free variants, has surged. Furthermore, milk's role as a versatile ingredient in the creation of various dairy products, including yogurt, cheese, and butter, enhances its appeal to a broad audience. Innovations in packaging and distribution has propelled the global fluid milk market forward. The introduction of extended shelf-life milk, convenient single-serve containers, and value-added milk products has diversified consumer choices and expanded market reach. Additionally, the emphasis on sustainable and environmentally friendly packaging solutions aligns with global sustainability goals, further bolstering the appeal of fluid milk.
Who are the key players operating in the industry?
The report covers the major market players including:
Some of these key players include:
- Lactalis International
- Nestlé S.A.
- Fonterra Co-operative Group Limited
- Royal FrieslandCampina N.V.
- Danone S.A.
- Dairy Farmers of America Inc.
- Arla Foods amba
- Dean Foods Company
- DMK Deutsches Milchkontor GmbH
- Saputo Inc.
- Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF)
- Yili Group
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Whole
- Reduced Fat
- Low Fat
- Fat Free
- Organic
- Others
Breakup by Packaging Material:
- Paper
- Plastic
- Glass
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Food Stores
- Online Retail
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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