According to SPER market research, ‘Fluid Milk Market Size- By Source, By Type, By Application, By Distribution Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Fluid Milk Market is predicted to reach USD 239.18 billion by 2033 with a CAGR of 2.56%.
Fluid milk is liquid milk that is consumed directly by humans without further processing or modification. It is one of the most popular dairy products in the world and a substantial source of nutrition, particularly for children and adolescents. The global fluid milk market includes whole milk, skimmed milk, semi-skimmed milk, flavoured milk, and organic milk. The fluid milk market is driven by factors such as rising consumer health consciousness, higher disposable income, and the flexibility of milk as an ingredient in a wide range of food and beverage products.
Fluid Milk Market Overview
- Forecast CAGR (2023-2033): 2.56%
- Forecast Market Size (2033): 239.18 billion
The global fluid milk market is expected to grow in the next years as a consequence of a number of main drivers. For starters, expanding population, particularly in emerging economies, will drive fluid milk demand. Second, rising disposable incomes are increasing spending on high-quality, healthful dairy products such as milk.
Third, increased consumer health concerns are driving up demand for low-fat and organic milk substitutes. Finally, the versatility of milk as an ingredient in a range of food and beverage items is driving demand for flavoured milk and other value-added milk products.
The fluid milk market is dealing with a number of internal and external difficulties. One of the significant issues is the shift in consumer preferences towards non-dairy alternatives such as almond, soy, and oat milk. Another source of concern is rising competition from private label brands and regional enterprises, which has resulted in market share losses for the large dairy firms. Rising production costs, especially feed and energy costs, are another important source of concern for the sector.
Impact of COVID-19 on Global Fluid Milk Market:
The COVID-19 pandemic has had both positive and negative effects on the fluid milk industry. With the shutdown of schools and restaurants, demand for bulk milk has decreased, resulting in a milk surplus. Milk prices have fallen as a result of the excess, putting financial burden on dairy farmers. On the other hand, as shoppers stock up on necessities, demand for milk in retail outlets has soared.
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Geographically, the fluid milk market has a global reach, but certain regions are more suitable for this market than others. Regions with a high population density and a strong dairy industry infrastructure are ideal for fluid milk markets. Europe, for example, is a significant producer and consumer of fluid milk products, with countries such as Germany, France, and the UK being major players in the industry. North America, particularly the US, is also a significant market for fluid milk products, with a well-established dairy industry and a high consumption rate. In Asia, countries such as India, China, and Japan have a large population and a growing middle class, making them attractive markets for fluid milk products. Additionally, some of the market key players are: Agri-Mark Inc., Associated Milk Producer Inc., Country Fresh LLC, Dairy Farmers of America Inc., Danone SA, Fonterra Cooperative Group Limited, Koninklijke Friel and Campina NV, Lactalis Group, Mayfield Dairy Farms Inc., Nestl SA.
Fluid Milk Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Agri-Mark Inc., Associated Milk Producer Inc., Country Fresh LLC, Dairy Farmers of America Inc., Danone SA, Fonterra Cooperative Group Limited, Koninklijke Friel and Campina NV, Lactalis Group, Mayfield Dairy Farms Inc., Nestl SA.
Fluid Milk Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Source: Based on the Source, Global Fluid Milk Market is segmented as; Cow Milk, Ship Milk, Goat Milk, Buffalo Milk.
By Type: Based on the Type, Global Fluid Milk Market is segmented as; Whole Milk, Low Fat Milk, Reduced Fat Milk, Skim Milk, Cultured Butter Milk, Lactose-Free Milk, Flavoured Milk.
By Application: Based on the Application, Global Fluid Milk Market is segmented as; Fortified Milk, Flavoured Dairy Drinks, Yoghurts, Cheese, Creams, Frozen Desserts.
By Distribution Channel: Based on the Distribution Channel, Global Fluid Milk is segmented as; Supermarkets & Hypermarkets, Convenience Stores, Speciality Food Stores, Others.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, the Middle East and Africa, North America, Latin America.
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