The global fluid milk market size reached US$
176.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$
202 Billion by 2027, exhibiting a growth rate (CAGR) of
2.32% during 2022-2027.
Fluid milk, or beverage milk, represents a staple food for the majority of consumers, particularly in developing nations, such as India and China. There are various operations performed for processing beverage milk, namely standardization, homogenization, pasteurization, and fortification with vitamins A and D. It is highly nutritious and is rich in energy, carbohydrates, fats, proteins, vitamins, minerals, and minor biological proteins and enzymes. As a result, fluid milk offers myriad health benefits, including increased bone strength, a stronger immune system, and the prevention of various illnesses, such as hypertension, dental decay, dehydration, respiratory problems, obesity, osteoporosis, and some forms of cancer. There are different commercial variants of fluid milk available in the market, including fat-free, reduced fat, whole, and organic milk.
Fluid Milk Market Trends:
The dairy industry has been developing specialty fluid milk beverages to cater to the diverse nutritional needs of consumers across the globe. Lactose-reduced and lactose-free milk and acidophilus milk are produced for consumers with lactose intolerance (maldigestion). The widespread and easy availability of these products is majorly fueling the growth of the market. Other than this, increasing population, rising disposable incomes, changing eating habits and the escalating demand from developing regions are further supporting the market growth. Moreover, rapid advancements and innovations across the dairy chain and consistent emphasis on research and development (R&D), the establishment of strong brand images, and the adoption of improved marketing strategies by leading players are broadening the growth aspects of the market. Furthermore, growing health consciousness amongst consumers has prompted manufacturers to expand the production of fat-free and organic product variants across the globe, which is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fluid milk market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, packaging material and distribution channel.
Breakup by Type:
- Reduced Fat
- Low Fat
- Fat Free
Breakup by Packaging Material:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Food Stores
- Online Retail
Breakup by Region:
- European Union
- North America
- Eastern Europe
- Latin America
The competitive landscape of the industry has also been examined, along with the profiles of the key players. Some of these 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) and Yili Group.
|Base Year of the Analysis
||US$ Billion, Billion Litres
||Type, Packaging Material, Distribution Channel, Region
||Asia, European Union, North America, Eastern Europe, Latin America, Oceania, Others
||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) and Yili Group.
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