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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Fluid Milk Market Outlook
The global fluid milk market size reached a volume of about 239.12 million tons in 2023. The market is further expected to grow at a CAGR of nearly 1.6% in the forecast period of 2024-2032 to reach a volume of approximately 276.08 million tons by 2032.
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The Asia Pacific is the leading market for fluid milk, followed by Europe and North America. There are currently many factors driving the North America fluid milk market like consumers' increased awareness of the importance of nutrition, and balanced milk products have expanded the consumer base. Food and beverage products have been produced to meet different nutritional requirements of a large consumer base in the area through rapid innovation in the dairy industry. These beverages contain lactose-reduced, lactose-free milk, and acidophilus milk that is appropriate for lactose intolerant or maldigested customers. In addition, the easy availability of fluid milk in hypermarkets, supermarkets, specialty shops, and grocery stores have led to the region's market expansion.
Properties and Applications
Fluid milk, especially in developing countries including India and China, represents an important food commodity. Highly nutritious riboflavin and water-soluble vitamins are present in the product. It is also abundant in carbohydrates, fats, proteins, minerals, and minerals. Such nutrients in liquid milk help boost bone strength, to smoothen the skin, to strengthen the immune system, and also, to avoid hypertension, ageing, dehydration, breathing issues, obesity, osteoporosis, and some cancers.
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Based on type, the fluid milk market can be categorised as follows:
- Whole
- Reduced Fat
- Low Fat
- Fat Free
- Organic
- Others
On the basis of packaging material, the industry can be segmented as follows:
- Paper
- Plastic
- Glass
- Others
Based on distribution channel, the market can be divided into the following:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Food Stores
- Online Retail
- Others
The regional markets for fluid milk include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
A variety of value-added goods are provided by fluid milk, for instance, ice-pumpkin milk, condensed milk, formula for children, meat, chocolate, cheese, yoghurt, sauces, candy, as well as candies. Enhanced exposure to the range of milk products has improved the global demand for milk. In addition, milk varieties with fortified vitamins A and D are developed by market leading player to reduce both infants' and adults' incidence of rickets. A2, lactose-reduced, lactose-free, and acidophilus variants are also being introduced in order to meet consumers' specific nutritional needs. They are using advanced methods for extending milk's shelf life and allowing it to be kept in the room temperature, including ultra-pasteurisation and aseptic treatment. These factors are propelling the growth of the global fluid milk market further.
Competitive Landscape of Fluid Milk Industry
The report gives a detailed analysis of the following key players in the global fluid milk market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Lactalis Group
- Nestlé S.A.
- Fonterra Co-operative Group
- Saputo Inc.
- Arla Foods amba
- Dairy Farmers of America
- Others
EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Packaging Material |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Fluid Milk Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global fluid milk market attained a volume of nearly 239.12 million tons.
The market is projected to grow at a CAGR of 1.6% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about 276.08 million tons by 2032.
The major market drivers include growing innovations in the dairy sector, increasing awareness regarding the intake of balanced milk products, rising demand for fluid milk from developing regions, and growing retail sector.
The key trends guiding the market include the introduction of enhanced variants of lactose-free milk and acidophilus milk for lactose intolerant or maldigested customers and growing R&D activities by manufacturers.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Whole, reduced fat, low fat, fat free, and organic, among others, are the major types of the product in the market.
Paper, plastic, and glass, among others, are the significant packaging materials used for the product.
The major distribution channels of fluid milk in the market include supermarkets and hypermarkets, convenience stores, speciality food stores, and online retail, among others.
The major players in the market are Lactalis Group, Nestlé S.A., Fonterra Co-operative Group, Saputo Inc., Arla Foods amba, and Dairy Farmers of America, among others.
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