The global A2 milk market, valued at USD 2.24 billion in 2023, is projected to grow from USD 2.48 billion in 2024 to USD 5.91 billion by 2032, with a compound annual growth rate (CAGR) of 11.45% during the forecast period. According to Fortune Business Insights™ in their report *“A2 Milk Market, 2024-2032,”* increased awareness of A2 milk’s benefits is expected to drive higher consumption. The A2 protein, which is better absorbed by those who are lactose intolerant, is anticipated to gain popularity. Additionally, rising population and disposable income are likely to further boost demand for A2 milk.
Get Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/queries/a2-milk-market-103212
Report Coverage
The study on the A2 milk market offers a detailed examination of the market’s size, share, revenue, and volume. It includes Porter’s Five Forces and SWOT analysis to assess market dynamics. The report combines both quantitative and qualitative methods to provide a comprehensive view, with primary interviews validating business scenarios, hypotheses, and findings. Additionally, it utilizes secondary sources such as journals, white papers, press releases, and annual reports to support its conclusions.
Segments
Liquid Segment to Remain Dominant with Increasing Consumption
In terms of form, the market is segmented into liquid and powder. The liquid segment will account for a considerable share of the global market, owing to rising consumption and convenience. Prominently, fresh milk has gained immense popularity as it has more selenium and phosphorous than powdered milk. With maximum nutrients, end-users are likely to seek liquid form of the milk.
Supermarkets and Hypermarkets Segment to Exhibit Profound Demand to Boost Penetration
Based on distribution channel, the market is segregated into supermarkets and hypermarkets, online retail, convenience stores, and others. The supermarkets and hypermarkets segment could contribute notably toward the global market, partly due to easy availability in stores. Moreover, the post-COVID-19 outlook suggests robust growth in the distribution channel due to ease of lockdown and resumption of trade.
With respect to geography, the market covers Asia Pacific, North America, Europe, the Middle East & Africa, and South America.
Drivers and Restraints
Increasing Applications in Infant Formula to Support Sector Development
A2 milk has gained popularity, especially among infants, due to its enhanced digestibility and similarity to breast milk. This preference has expanded A2 milk’s market share, driven by rising consumer demand for more easily digestible dairy options and an increase in lactose intolerance. The introduction of A2 milk-based infant foods is expected to further boost market growth.
However, the industry faces challenges such as the high costs associated with cow maintenance, which could impact its expansion. Despite these obstacles, the growing awareness of health concerns related to regular milk consumption is expected to sustain the increasing demand for A2 milk.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/a2-milk-market-103212
Regional Insights
With breed cows becoming more prevalent, Asia Pacific is expected to offer promising opportunities.
The market for A2 breed cows in the Asia-Pacific region is projected to reach USD 709.12 million by 2021, driven by rising demand for dairy products in countries such as China, Japan, Australia, and India. Retail outlets, including online platforms, hypermarkets, and supermarkets, are expected to actively seek A2 milk products to meet this growing demand.
In Europe, the A2 milk market is poised for significant expansion, supported by key players in the UK, Germany, and France. The increasing use of A2 milk in confections and baked goods, along with heightened investment in research and development, offers profitable growth opportunities in this sector.
North America is emerging as a promising market, with major corporations exploring A2 beta-casein milk products. The expansion of distribution channels across the United States, Canada, and Mexico, combined with ongoing R&D advancements, provides substantial growth potential for companies aiming to diversify their portfolios.
Competitive Landscape
In order to advance, stakeholders prioritize product launches.
Prominent businesses are expected to allocate funds towards research and development, product launches, technological innovations, and mergers and acquisitions. In the coming years, these major companies are likely to invest in new products and technologies to enhance their growth and strengthen their market presence.
Key Industry Development
- June 2020: Heritage Foods rolled out A2 milk with a 90-day shelf life to expand its portfolio.
Major Players Profiled in the Report:
- The A2 Milk Company (New Zealand)
- Godrej Jersey (India)
- Gujarat Co-operative Milk Marketing Federation Ltd. (GCMMF) (India)
- PROVILAC Dairy Farms Pvt. Ltd. (India)
- Freedom Foods Group (Australia)
- Vinamilk (Vietnam)
- Erden Creamery Private Limited (India)
- Nestle S.A. (Switzerland)
- Vedaaz Organics Pvt. Ltd. (India)
- Ripley Farms (U.S.)
Read Related News:
https://blog.naver.com/williamzian25/223598522293
https://trandingdailynews.com/soup-market-size-share-trends-and-growth-forecast-to-2032
https://indibloghub.com/post/soup-market-size-share-trends-and-growth-forecast-to-2032
https://xuzpost.com/soup-market-size-share-trends-and-growth-forecast-by-2032/
https://in.pinterest.com/pin/1126040713081231010
https://viralsocialtrends.com/fungicides-market-size-share-and-growth-analysis-through-2032/
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 833 909 2966
UK: +44 8085 020280
APAC: +91 744 740 1245
Email: [email protected]