Liquid Milk Market - Forecast(2021 - 2026)

Report Code: FBR 0334 Report Format: PDF + Excel (Delivery in 48 Hrs)

Liquid Milk Market Overview

Liquid Milk Market size is estimated at $173.2 billion in 2020, projected to grow at a CAGR of 1.7% during the forecast period 2021-2026. Milk is a nourishing fluid nutriment formed by the mammary glands of mammals. It is termed sweet milk in its unbrewed form. The initial lactation milk is termed colostrum and includes antibodies that make the immune system powerful. This decreases the chance of occurrence of many ailments. Liquid milk is the most partaken, processed, advertised and sold dairy commodity. Liquid milk includes pasteurized milk, skimmed milk, standardized milk, reconstituted milk, ultra-high-temperature (UHT) milk and fortified milk. At a global level, a diminishing quantity of liquid milk is partaken in its unprocessed form. The increasing disposable income of customers and the burgeoning innovation in the dairy industry are driving the growth of the Liquid Milk market. Common dairy products made of liquid milk include butter and butter mixes, organic and processed cheese commodities, cultured dairy like yoghurt, cottage cheese, sour cream, dips and more cultured dairy fare driving the market growth. Invented by Louis Pasteur, pasteurization is the technique of steaming and chilling food to destroy bacteria. Caseins are the primary proteins in bovine milk and nearly 95% of the caseins prevail as casein micelles. Caseins enrich the amino acid design of human milk and are greatly absorbable. Practically, their most significant characteristic is their capability to build balanced aggregates consisting of calcium and phosphorus. Liquid milk is utilized for diverse functions in the dairy industry. Typical liquid dairy products include farm milk, skim condensed milk, whole condensed milk, whey condensed milk, fluid permeate, sweet cream, whey cream and ultrafiltered whole milk. Rising appreciation concerning the consumption of balanced milk commodities, increasing demand from the developing regions and expanding retail industry are fuelling the growth of the liquid milk market.

Liquid Milk Market Report Coverage

The report: Liquid Milk Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Liquid Milk Market.

By Type: Whole Milk, Low-Fat Milk (1%), Reduced-Fat Milk (2%), Skim-Milk, Cultured Buttermilk, Lactose-Free Milk, Flavored Milk, Fat-Free Milk, Organic Milk, Others.
By Source: Cow Milk, Sheep Milk, Goat Milk, Buffalo Milk, Others.
By Application: Fortified Milk, Flavored Dairy Drinks, Yoghurts, Cheese, Creams, Frozen Desserts and Others.
By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Specialty Food Stores, Convenience Stores, Online Retail, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and Rest of the World (Middle East and Africa). 

Key Takeaways

  • Liquid Milk Market growth is being propelled by a rise in vegetarian and vegan population, advanced standards of living and enhanced mindfulness of health among customers owing to the increased inclination towards healthier diet options amidst purchasers in the wake of the COVID-19 pandemic crisis.
  • Geographically, Asia Pacific Liquid Milk Market accounted for the largest revenue share in 2020 owing to the boost in the population, the great consumption of liquid milk and dairy products in the region and this is forecast to advance during the forecast period 2021-2026. The scope of the Liquid Milk Market for various regions will be provided in the final report.
  • The Liquid Milk Industry is growing owing to the augmentation of speciality liquid milk beverages like lactose-free milk to satisfy the different nutritive demands of purchasers.
  •  The progress of the Liquid Milk Market will also be impelled by different milk beverages prepared from liquid milk including plant sterols which support the enhancement of cholesterol levels in the body. The commodities readied from liquid milk are mostly carbohydrate diminished, reinforced with protein and calcium, specially targeted towards adults. Liquid milk market is estimated to infiltrate the beverage market on a larger scale during the forecast period 2021-2026, owing to the reasons discussed above. 

 Liquid Milk Market: Market Share (%) by Region, 2020

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Liquid Milk Market Segment Analysis – By Type:

Based on Type, Whole Milk Segment accounted for the largest revenue market share in 2020 and is also estimated to register highest CAGR of 2.1 % during the forecast period 2021-2026 owing to the fact that it is recognized as a reliable source of vitamin A. Vitamin A is a fat-soluble vitamin present in the fat aspect of milk. Vitamin A content that is organically present in 2%, 1% and skim milk is lower than in whole milk owing to the lower fat levels. To attain the nutritive conformity of whole milk, lesser fat milks need to be fortified to 300 IU vitamin A per 8 oz serving. The FDA supports fortification to a level of 500 IU of vitamin A per 8 oz serving, which is 10 % of the recommended daily allowance (RDA).

Liquid Milk Market Segment Analysis – By Source:

Based on Source, Cow milk held the largest revenue market share in 2020. The highest amount of Cow Milk was consumed in India at a global level in 2020, amounting to over 81 million metric tonnes. Nearly all people have a preference for Cow’s Milk owing to the reason that cow’s milk offers 67 kilocalories with a protein content of 3.2 grams per 100 millilitres. Milk proteins are casein (nearly 60%) and whey (nearly 20%). Whey comes with a greater nutritive value than casein. Goat Milk segment is estimated to grow with the fastest CAGR of 2.3% in the forecast period 2021-2026 owing to the reason that goat milk offers higher nutrition than cow milk. Further, goat milk consumption enhances innate and adaptive immunities, supporting the segment growth.

Liquid Milk Market Segment Analysis – By Geography:

Based on Geography, Asia Pacific Liquid Milk Market accounted for the 44% revenue share in 2020. India is one of the largest producers of liquid milk in the world with the United States of America, China, Pakistan and Brazil behind. The huge population coupled with the natural inclination of the customers towards liquid milk and its derivative dairy products has resulted in greater consumption of liquid milk and dairy products in the region, accelerating the growth of the Liquid Milk Market. The presence of vegan and vegetarian population in the region, boost in the standard of living and the rise in health awareness among the purchasers have served as determinants to fuel the growth of the Liquid Milk Market in the region amidst the crisis imposed by the COVID-19 pandemic. North America is set to grow with the fastest CAGR in the forecast period 2021-2026. An assortment of higher value-added commodities is offered by liquid milk like ice-pumpkin milk, condensed milk, formula for children, cheese, yoghurt in the region which is propelling the regional demand for liquid milk.

Liquid Milk Market - Drivers

Rising Population, Boost In Purchasing Power And Switching Customer Preferences:

The increase in the population of primary liquid milk producers like India and China has led to boost in milk consumption and this is driving the market growth for the Liquid Milk Market. Furthermore, the rise in the disposable income of the purchasers coupled with advanced standard of living is another determinant propelling the growth of the Liquid Milk Market forward.  Countries like India have a large vegetarian population and have a greater inclination towards consuming dairy products which is impelling the progress of the Liquid Milk Market. The current crisis imposed by the COVID-19 pandemic has made people more mindful of their health and people have largely turned towards plant-based vegetarian and vegan diet options. This is further driving the development of the liquid-milk market owing to its health benefits like liquid milk being a good source of calcium, phosphorus, B vitamins, potassium, vitamin D and protein. Liquid milk and its derivative dairy products may avert osteoporosis and bone fractures and support to keep up a healthy weight driving the market growth.

Liquid Milk Market - Challenges

Challenges faced By Dairy Farmers, thus limiting the production of Liquid Milk:

In countries like India, dairy farmers require a balanced market and improved pricing for liquid milk, continuous, economical supply of feed and trustworthy veterinary services. There needs to be a lucrative price disregarding the fat content or conferring greater weightage to the amount of milk for liquid milk. Dairy farmers require a steady supply of fodder and cattle diet at a moderate price coupled with a daily supply of veterinary services and medicines. Considering the current scenario of dairy farmers in India, government intervention is necessary to rescue the sector. Seven important programmes are operational by the Department of Animal Husbandry and Dairying. It is thought-provoking to observe that the pandemic is utilized as a reason for the target not being achieved, programmes not being put into action and the budgetary distributions not being used. These determinants limit the growth of the Liquid Milk Market.

Liquid Milk Market - Landscape:

The Liquid Milk Market's primary strategies include novel product launches, partnerships, business expansions and acquisitions. The top 10 companies in the Liquid Milk Market include Nestle S.A., Danone S.A., Kraft Heinz Company, Fonterra Co-Operative Group Limited, Royal Friesland Campina N.V., Dairy Farmers of America Inc., Arla Foods Amba, Saputo Inc., Dean Foods Company and Parmalat S.p.A.

Acquisitions/Product Launches:

  • In August 2021, the copyrighted Haelen technique by Naturo is targeted towards stretching the shelf life of fresh milk. This is a first at a global level and has the possibility to achieve a breakthrough in Australia’s dairy industry with novel favourable export chances and a boost in farmgate prices. The food technology company, Naturo’s Haelen technology, dissimilar to pasteurization, does not include heat and destroys bacteria without removing vitamins and enzymes. The federal government has offered Naturo with an Accelerated Commercialisation grant that will authorize it to examine international market opportunities. 

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1. Liquid Milk Market - Overview
    1.1 Definitions and Scope
2. Liquid Milk Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Type
    2.3 Key trends by Source 
    2.4 Key trends by Application
    2.5 Key trends by Distribution Channel
    2.6 Key trends by Geography
3. Liquid Milk Market - Comparative Analysis
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis– Key Companies
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Liquid Milk Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Liquid Milk Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Case Studies of Successful Ventures
6. Liquid Milk Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Liquid Milk Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Liquid Milk Market – By Type (Market Size –$Million/$Billion)
    8.1 Whole Milk
    8.2 Low-Fat Milk (1%)
    8.3 Reduced-Fat Milk (2%)
    8.4 Skim-Milk
    8.5 Cultured Buttermilk
    8.6 Lactose–Free Milk
    8.7 Flavored Milk
    8.8 Fat-Free Milk
    8.9 Organic Milk
    8.10   Others
9. Liquid Milk Market – By Source (Market Size –$Million/$Billion
    9.1 Cow Milk
    9.2 Sheep Milk
    9.3 Goat Milk
    9.4 Buffalo Milk
    9.5 Others
10. Liquid Milk Market – By Application (Market Size –$Million/$Billion)
    10.1 Fortified Milk
    10.2 Flavored Dairy Drinks
    10.3 Yoghurts
    10.4 Cheese
    10.5 Creams
    10.6 Frozen Desserts
    10.7 Others
11. Liquid Milk Market – By Distribution Channel (Market Size –$Million/$Billion
    13.1 Supermarkets and Hypermarkets
    13.2 Convenience Stores
    13.3 Specialty Food Stores
    13.4 Convenience Stores
    13.5 Online Retail
    13.6 Others
12. Liquid Milk Market - By Geography (Market Size –$Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Russia
        12.2.7 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 India
        12.3.3 Japan
        12.3.4 South Korea
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
        12.5.2 Africa
13. Liquid Milk Market - Entropy
14. Liquid Milk Market – Industry/Segment Competition Landscape Premium 
    14.1 Market Share Analysis
        14.1.1 Global Market Share – Key Companies
        14.1.2 Market Share by Region – Key companies
        14.1.3 Market Share by Countries – Key Companies
        14.1.4 Competition Matrix
        14.1.5 Best Practices for Companies
15. Liquid Milk Market – Key Company List by Country Premium Premium
16. Liquid Milk Market Company Analysis
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
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