Milk Market By Type (Yogurt, Probiotic Milk, Pure Milk, Cheese and Butter, Others), By Application (Online, Offline), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Milk is produced by mammals. Milk is a white liquid that contains valuable nutrients and provides health benefit. Milk is good for bones because it has a rich source of calcium. Calcium helps in development and maintenance of healthy bones and teeth. Cow milk provides potassium, which can enhance vasodilation and reduce blood pressure. It also has high-quality protein. Milk is a rich source of choline, an essential nutrient found to support sleep, muscle movement, learning and memory.

Milk market is estimated to reach $936.5 billion by 2030; growing at a CAGR of 4.6% till 2030

Market Dynamics

Rising demand for milk and milk products are key driving factors of the market. Globally, around 500 million metric tons of milk are produced each year. Europe milk production is expected a modest increase, at 0.8% per year on average, and production is estimated at 167 million tonnes in 2018 and is expected to reach 182 million tonnes by 2030. In Europe 2.4 million tonnes of butter, 43.0 million tonnes of skimmed milk, 10.3 million tonnes of cheese was produced in 2018. According to National Dairy Development Board (NDDB), in India, the demand for milk is likely to reach 180 million tonnes by 2022. Indian butter market increased by 4% in 2019. The per capita consumption of cheese in India is 200 grams per year in contrast to the global average of 7 kg per annum. However, Side effects of milk and milk products might hamper market growth. Some people have milk and milk product allergy, which causes itches, swelling and trouble breathing. Milk products contain saturated fat and increase the level of cholesterol in the body. Cholesterol is bad for heart health. Government to build new infrastructure for processing additional volume of milk would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global Milk market is mainly classified based on Type, Application. Type is further segmented into Yogurt, Probiotic Milk, Pure Milk, Cheese and Butter, Others. Probiotic Milk has shown significant growth due to the health benefits of probiotic milk. Probiotic milk products are beneficial for gastrointestinal conditions, including Helicobacter pylori infection, antibiotic-associated diarrhea, and irritable bowel syndrome. It helps to build immunity and reduce the risk of infections. According to the studies conducted by researchers, milk-based probiotic reduces Helicobacter pylori infection rates by approximately 5% to 15%.

Regional Analysis

Based on geography, the global Milk market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe.
Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America has shown significant growth in 2019, due to the increasing demand for milk products, and exports of dairy products. In the United States, milk production was 215 billion pounds in 2017, which was an increase of 3 billion pounds from 2016. Around, 20% of milk production, which occurs in the United States is based in California. Americans consume 19.7 pounds of ice cream each year, which is equal to four gallons. The United States exports $5.3 billion of dairy products each year, with Mexico purchasing $1.3 billion, Canada purchases about $636 million worth of milk products, followed by China $577 million, Japan $291 million, and South Korea $279 million.

Competitive landscape

Key players operating in the Milk industry include Nestle, Danone, Arla Foods, Mengniu Dairy, Lactalis, Dairy Farmers of America, General Mills, Dean Foods, Fonterra, Saputo, Yili Group, Meiji Holdings, DMK, Sodiaal, Brightfood.

The increasing competitive advancement between companies, strategic partnership to expand their business, increasing investment to build a new brand with the commercialization of new products is boosting the global Milk market. For instance, on January 09, 2019, Nestlé S.A. launched the world’s first A2 milk powder for mothers in China. The product launch was in conjunction with e-commerce platform JD.com and renowned mother-and-baby chain Leyou. Moreover, on February 5, 2019, Dairy Farmers of America (DFA), along with eight New York-area farm families, has launched a new cheese brand, Craigs Creamery, which provides a direct connection to the farm.

Milk Market Key Segments

By Type
• Yogurt
• Probiotic Milk
• Pure Milk
• Cheese and Butter
• Others

By Application
• Online
• Offline

By Geography

• North America
o The U.S.
o Canada
o Mexico

• Europe
o U.K
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific

• South America
o Brazil
o Argentina
o Rest of South America
• Middle East & Africa
o GCC Countries
o Egypt
o South Africa
o Rest of Middle East & Africa

Key Global Milk Industry Players

• Nestle
• Danone
• Arla Foods
• Mengniu Dairy
• Lactalis
• Dairy Farmers of America
• General Mills
• Dean Foods
• Fonterra
• Saputo
• Yili Group
• Meiji Holdings
• DMK
• Sodiaal
• Brightfood

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Milk Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising demand for milk and milk products
3.4. Restraints
3.4.1. Side effects of milk and milk products
3.5. Opportunity
3.5.1. Government to built new infrastructure for processing additional volume of milk
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Yogurt
4.2.1. Market Size & Forecast
4.3. Probiotic Milk
4.3.1. Market Size & Forecast
4.4. Pure Milk
4.4.1. Market Size & Forecast
4.5. Cheese and Butter
4.5.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Online
5.2.1. Market Size & Forecast
5.3. Offline
5.3.1. Market Size & Forecast
6. Milk Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Milk Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. The U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Milk Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Milk Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Milk Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Milk Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Nestle
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Nestle Product Category, Application, and Specification
7.1.3. Nestle Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. Danone
7.3. Arla Foods
7.4. Mengniu Dairy
7.5. Lactalis
7.6. Dairy Farmers of America
7.7. General Mills
7.8. Dean Foods
7.9. Fonterra
7.10. Saputo
7.11. Yili Group
7.12. Meiji Holdings
7.13. DMK
7.14. Sodiaal
7.15. Brightfood