According to the latest report by IMARC Group, titled "UHT Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global UHT milk market size reached 114.2 Billion Liters in 2019. UHT (ultra-high temperature) milk is treated and sterilized by the UHT pasteurization process for removing the microbes present in the milk while preserving the essential nutrients. The process usually involves heating the milk to a temperature beyond 135°C for a duration of 1 or 2 seconds, which assists in increasing the shelf life of the milk without the need to add preservatives. Pasteurized milk is further packed in aseptic containers to prevent the growth of any harmful microorganisms. It can be easily stored at room temperature with minimal need for refrigeration and can be consumed directly without boiling.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global UHT Milk Market Trends:
Rapid urbanization, improving living standards and inflating per capita income levels of the individuals have led to an increase in the demand for UHT milk as it provides the convenience of usage to consumers. This represents one of the primary factors driving the market growth. In line with this, the shifting preference toward on-the-go milk consumption, especially among working professionals with busy schedules, is also contributing to the market growth. Along with this, the rising apartment culture with negligible or restricted refrigeration space is acting as another growth-inducing factor. Moreover, since the transportation and storage of UHT milk do not require cold chain facilities, it is widely shipped and marketed to regions with a scarcity of milk. Furthermore, several manufacturers are launching organic, flavored and lactose-free variants to cater to the diverse consumer base. This, in confluence with the rapid expansion of the online and organized retail services, is anticipated to create a positive outlook for the market. The growing health-consciousness among consumers and rising awareness regarding the benefits of milk consumption as a part of the daily diet are some of the other factors driving the market further. On account of the aforementioned factors, the market is projected to grow at a CAGR of 5.10% during the forecast period (2020-2025).
- On the geographical front, the European Union holds the leading position in the market, accounting for the majority of the total market share. Other major regions include Asia, North America, Latin America, Eastern Europe, and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Lactalis International, Nestlé S.A., Fonterra Co-operative Group Limited, Danone S.A., and Arla Foods amba.
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