The Milk Global Market Report 2023, provides comprehensive information on the milk market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The worldwide milk market is poised for significant expansion, with projections indicating substantial growth. In 2022, the market size stood at $728.27 billion, and it is expected to surge to $805.82 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 10.6%. However, the shadow of the Russia-Ukraine war looms over the global economic recovery following the COVID-19 pandemic. This conflict has triggered economic sanctions, spiked commodity prices, disrupted supply chains, and caused inflationary pressures across various sectors worldwide. Despite these challenges, the global milk market is forecasted to attain a substantial size of $1,129.45 billion in 2027, maintaining a robust CAGR of 8.8%.
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Technological advancements constitute a pivotal trend gaining prominence within the milk market landscape. Leading entities in the dairy sector are diligently integrating novel technologies into their operations, thereby elevating the quality and safety standards of milk products, and concurrently fortifying their foothold in the market. An illustrative case in point is Everest Instruments, an India-based stalwart specializing in dairy technology solutions. Their recent introduction, the Fatscan Milk Analyzer, embodies the epitome of cutting-edge innovation. This technology is engineered to furnish a meticulous and efficient assessment of milk quality, characteristically encompassing the quantification of parameters such as fat percentage, solids-not-fat (SNF), added water content, density, protein levels, and lactose concentration, all accomplished within an astounding timeframe of less than 30 seconds. Such transformative innovations exemplify the constant quest for excellence within the milk industry, benefiting both consumers and producers alike.
The milk market is segmented:
1) Milk Market By Product: Skimmed Milk Powder, Liquid Milk, Whey Protein, Butter, Infant Nutrition, Other Products
2) Milk Market By Animal sources: Cows, Sheep, Buffalo, Goats, Other Sources
3) Milk Market By Distribution: Convenience Stores, Supermarkets And Hypermarkets, Online, Other Distribution Channels
Top Major Players
Asia-Pacific was the largest region in the milk market in 2022.
The table of contents in TBRC’s milk market report includes:
1. Executive Summary
2. Milk Market Characteristics
3. Milk Market Trends And Strategies
4. Milk Market – Macro Economic Scenario
5. Milk Market Size And Growth
……..
26. Africa Milk Market
27. Milk Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Milk Market
29. Milk Market Future Outlook and Potential Analysis
30. Appendix
Read Related Reports:
https://www.thebusinessresearchcompany.com/report/milking-machines-global-market-report
https://www.thebusinessresearchcompany.com/report/cheese-global-market-report
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Milk Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Milk Market, Segmentation By Animal Sources, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Milk Market, Segmentation By Distribution, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
…….
Table 46: Danone SA Financial Performance
Table 47: Arla Foods AMBA Financial Performance
Table 48: Mengniu Dairy Company Limited Financial Performance
Table 49: Kraft Foods Group Inc. Financial Performance
Table 50: Land O’Lakes Inc. Financial Performance
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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