According to the latest report by IMARC Group, titled "A2 Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the global A2 milk market reached a value of US$ 11.4 Billion in 2022. A2 milk refers to cow milk that contains the A2 protein while not comprising the A1 protein. This type of milk is marketed as being easier to digest for some people when compared to regular milk, which includes both A1 and A2 proteins. A2 milk is sold as an alternative for people with lactose intolerance as it may be better tolerated than regular milk. It has been gaining popularity due to its health and nutritional benefits as it has proven to be rich in proteins, minerals, and vitamins. It is an excellent source of calcium, potassium, and phosphorus which are crucial for strong bones and teeth, better functioning of muscles, regulation of blood pressure, tissue, and cell growth, improving good cholesterol (HDL) and maintaining the overall nourishment and well-being of the body. It also contains vitamins A, D, and B12, which are vital for building immunity and converting food into energy.
Global A2 Milk Market Trends:
The global market is majorly driven by the increasing consumer awareness about the potential health benefits of A2 milk. In line with this, the rising demand for dairy-free and lactose-free products is significantly contributing to the market growth. Furthermore, the emerging trend of eating healthy and nutritious food among consumers is positively influencing the market. Apart from this, the escalating number of diseases due to the excessive consumption of A1 milk is catalyzing the market. Moreover, the increasing consumer health awareness and inflating disposable incomes are propelling product demand. Besides, rapid expansion in the dairy sector and the augmenting incidences of gastrointestinal issues consumers have with traditional milk are strengthening the market. Additionally, the rising product application in infant formulae is providing a boost to the market worldwide. Some of the other factors driving the market include the widespread availability of the product, significant expansion of the food and beverage (F&B) industry, and the escalating number of lactose-intolerant individuals worldwide. On account of the factors above, the market is anticipated to reach a value of US$ 29.2 Billion by 2028, exhibiting a CAGR of 16.8% during 2023-2028.
- On the basis of the end-use, the market has been categorized into liquid milk, infant formula, and others. Liquid milk currently exhibits a clear dominance in the market.
- Based on the distribution channel, the market has been classified into supermarkets & hypermarkets, convenience & grocery stores, online/non-store retailing, and others. Supermarkets and hypermarkets presently represent the leading market segment.
- On the basis of the region, the market has been divided into North America, Europe, Oceania, Asia, and others. Among these, Oceania holds the leading position in the market.
- The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include The A2 Milk Company Limited, Jersey Dairy, Lion Pty Limited (Pura and Dairy Farmers), and Fonterra.
|Base Year of the Analysis
||US$ Billion, Million Tons
||End-Use, Distribution Channel, Region
||Oceania, Asia, Europe, North America, Others
||The A2 Milk Company Limited, Jersey Dairy, Lion Pty Limited (Pura and Dairy Farmers) and Fonterra
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