The new report by Expert Market Research titled, 'Global UHT Milk Market Growth, Size, Share, Price Trends, Report and Forecast 2020-2025', gives an in-depth analysis of the global UHT Milk market, assessing the market based on its segments like types, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): USD 170 billion
2. Forecast CAGR (2020-2025): 6.5%
3. Forecast Market Size (2025): USD 248 billion
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The global market for UHT milk is currently being driven by the growing population, urbanisation, and the product's superior quality over conventional milk, longer shelf life, and its capability of being distributed widely without the need for refrigeration or cold chains. Poor cold chain maintenance in developing countries poses a problem in the distribution of milk. UHT milk does not refrigerated and can be consumed after 6 to 9 months after packaging. This factor is driving the need for UHT milk in such countries. Hotels, hostels, and places with no refrigeration can buy UHT milk without worrying about it getting spoilt. Thus, the increased shelf life of UHT milk is expected to substantially drive the growth of the market. The UHT milk market is also expected to be positively influenced by the increasing demand for milk due to growth in population.
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Industry Definition and Major Segments
UHT Milk (ultra heat-treated milk) is a form of milk where the milk is heated to at least 135C for only three seconds. This kills any harmful mirco-organisms present in the milk that might spoil the milk. The nutritional properties and the taste of the milk, however, remain intact. Compared to raw milk's shelf life of a few days, UHT milk has a typical shelf life of six to nine months, even without refrigeration.
Based on type, the industry is divides into:
1. Full Cream
On the basis of distribution channel, the market is segmented into:
1. Supermarkets and Hypermarkets
2. Convenience Store
3. Specialty Stores
4. Online Retail
The leading regional markets for UHT Milk are:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Also Read the impact of COVID-19 on the global dairy market@ https://www.expertmarketresearch.com/reports/dairy-market
With the world population growing, the demand for milk is also increasing. The market is also being aided by the rise in the trend of consuming food and beverages outside homes. The increasing consumption of milk in schools, gymnasiums, and sports fields is also significantly supporting the market growth. The UHT milk market is witnessing a growth in these sectors as it is readily accessible outside, even when refrigeration and proper storage becomes an issue. Further, favourable initiatives by governments and private organisations are also driving the market forward. The rapid urbanisation of developing countries is helping the UHT milk market growth in those markets. Thus, emerging economies like China and India are boosting the demand for UHT milk.
Key Market Players
The major players in the market are Lactalis International, Nestle S.A., Fonterra Co-operative Group, Arla Foods amba, and Danone, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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