Global UHT Milk Market to Reach USD 248 Billion by 2025, Growing at 6.5% CAGR
The global UHT milk market is projected to witness significant growth in the forecast period of 2020-2025, driven by increasing demand for convenience and prolonged shelf life. According to a new report by Expert Market Research, the global UHT milk market is expected to reach USD 248 billion by 2025, growing at a CAGR of 6.5% during the forecast period.
The growth of the UHT milk market can be attributed to the increasing demand for milk products in emerging markets, such as Asia Pacific and Latin America. The rise of e-commerce and online retailing has also contributed to the growth of the UHT milk market, as more consumers opt for online shopping and home delivery of milk products. Additionally, the increasing awareness about the benefits of milk consumption, such as improved bone health and digestive health, is expected to drive demand for UHT milk in the coming years.
Key Takeaways:
- The global UHT milk market is expected to reach USD 248 billion by 2025, growing at a CAGR of 6.5% during the forecast period.
- The market is expected to be driven by increasing demand for convenience and prolonged shelf life, as well as rising awareness about the benefits of milk consumption.
- The Asia Pacific region is expected to be the largest market for UHT milk, driven by the high demand for milk products in countries such as China and India.
- The online retailing segment is expected to be the fastest-growing distribution channel for UHT milk, driven by the increasing adoption of e-commerce and home delivery services.
- The top players in the global UHT milk market include Lactalis International, Nestle S.A., Fonterra Co-operative Group, Arla Foods amba, and Danone.
Statistics:
- The UHT milk market is expected to reach USD 248 billion by 2025, growing at a CAGR of 6.5% during the forecast period.
- The Asia Pacific region is expected to account for 35% of the global UHT milk market, driven by the high demand for milk products in countries such as China and India.
- The online retailing segment is expected to account for 22% of the global UHT milk market, driven by the increasing adoption of e-commerce and home delivery services.
Sources:
- Expert Market Research, "Global UHT Milk Market Report" (2020)
- IMARC, "Global UHT Milk Market, 2020-2025" (2020)