According to the report, the global fluid milk market reached a value of US$ 173.8 Billion in 2020. Fluid milk is considered as an integral part of the staple diet in developing regions like India and China. Thus, population growth in these regions, growing health consciousness globally and increasing disposable incomes currently represent some of the key factors driving the demand of this product. Looking forward, IMARC Group expects the global fluid milk market to exhibit steady growth during the next five years.
On a regional level, the report has analyzed the fluid milk market in the following regions – Asia, North America, Latin America, European Union, Eastern Europe, Oceania and others. According to the report, Asia is currently the biggest market followed by Europe, North America and Oceania. For each of the regions, this report provides both historical (2015 & 2020) and future (2021-2026) trends in the fluid milk market. The report also segments the market on the basis of product type into whole milk, reduced fat milk, low fat milk, fat free milk, organic milk and others. Among these, whole milk currently represents the largest type accounting for majority of the market share. On the basis of packaging, the market has been segregated into paper packaging, plastic packaging, glass packaging and others.
This report provides a deep insight into the global fluid milk market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a fluid milk manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the fluid milk industry in any manner.
Key Questions Answered in This Report:
The global fluid milk market reached a value of US$ 173.8 Billion in 2020.
According to the estimates by IMARC Group, the global fluid milk market is expected to exhibit steady growth during the next five years.
The outbreak of the coronavirus disease (COVID-19) has increased the demand for fluid milk among individuals to improve their immunity. However, supply chain disruptions due to lockdowns announced by governments of numerous countries as a response to the pandemic are hampering the growth of the market.
The rising health consciousness, inflating disposable incomes and the increasing utilization of fluid milk to prepare various food items are among the key factors that are spurring the market growth.
At present, the easy availability of different fluid milk variants, such as skim, ultra-filtered skim and condensed whole milk, along with the introduction of plant-based and lactose-free milk products, is acting as a significant trend in the market.
Based on the type, the market has been classified into the whole, reduced fat, low fat, fat-free, organic and other fluid milk.
On the basis of the packaging material, the market has been categorized into paper, plastic, glass and others.
The market has been divided on the basis of the distribution channel into supermarkets and hypermarkets, convenience stores, specialty food stores, online retail, and others.
Region-wise, the market has been segmented into the European Union, Eastern Europe, Asia, North America, Latin America, Oceania and others.
Leading industry players are 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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