Global Milk Market to Reach 1.1 Billion Tonnes by 2030
The global market for Milk estimated at 958.2 Million Tonnes in the year 2023, is expected to reach 1.1 Billion Tonnes by 2030, growing at a CAGR of 2.2% over the analysis period 2023-2030.The U.S. Market is Estimated at 258.5 Million Tonnes, While China is Forecast to Grow at 3.4% CAGR
The Milk market in the U.S. is estimated at 258.5 Million Tonnes in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of 210.3 Million Tonnes by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 1.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.Report Features
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- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
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What to Expect from the Global Economy in 2024
Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.Select Competitors (Total 227 Featured):
- Almarai Company
- Arla Foods Amba
- Armor Proteines SAS
- Dairy Farmers of America
- Fonterra Co-operative Group Ltd.
- Foremost Farms USA
- Glanbia PLC
- Groupe Lactalis
- Gujarat Cooperative Milk Marketing Federation (AMUL)
- Hangzhou Wahaha Group Co., Ltd.
- HP Hood LLC
- Inner Mongolia Yili Industrial Group Co., Ltd.
- Kerry Group PLC
- Lifeway Foods, Inc.
- MILEI GmbH
- Morinaga Milk Industry Co., Ltd.
- Namyang Dairy Products Co., Ltd.
- Nestle SA
- Saputo, Inc.
- Valio Oy
- Want Want China Holdings Ltd.
- Warrnambool Cheese & Butter Factory Company Holdings Ltd.
- Wimm-Bill-Dann Foods OJSC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Almarai Company
- Arla Foods Amba
- Armor Proteines SAS
- Dairy Farmers of America
- Fonterra Co-operative Group Ltd.
- Foremost Farms USA
- Glanbia PLC
- Groupe Lactalis
- Gujarat Cooperative Milk Marketing Federation (AMUL)
- Hangzhou Wahaha Group Co., Ltd.
- HP Hood LLC
- Inner Mongolia Yili Industrial Group Co., Ltd.
- Kerry Group PLC
- Lifeway Foods, Inc.
- MILEI GmbH
- Morinaga Milk Industry Co., Ltd.
- Namyang Dairy Products Co., Ltd.
- Nestle SA
- Saputo, Inc.
- Valio Oy
- Want Want China Holdings Ltd.
- Warrnambool Cheese & Butter Factory Company Holdings Ltd.
- Wimm-Bill-Dann Foods OJSC