The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Growing demand for dairy products is likely to promote milk manufacturing innovation, propelling the market during the forecast period.

The global milk market is expected to grow from $728.27 billion in 2022 to $805.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The global milk market size is expected to reach $1,129.45 billion in 2027 at a CAGR of 8.8%.

Get A Free Sample On The Global Milk Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9724&type=smp

Global Milk Market Segments Include:

• By Product: Skimmed Milk Powder, Liquid Milk, Whey Protein, Butter, Infant Nutrition, Other Products
• By Animal Sources: Cows, Sheep, Buffalo, Goats, Other Sources
• By Distribution: Convenience Stores, Supermarkets And Hypermarkets, Online, Other Distribution Channels
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global milk market in 2021.

Major Market Players in the milk market include Danone SA, Arla Foods AMBA, Mengniu Dairy Company Limited, Kraft Foods Group Inc., Land O’Lakes Inc., Meiji Co Ltd., Almarai Company, Royal Friesland Campina N.V, Armor Proteines SAS.

Technological advancements are a crucial trend that is gaining traction in the milk business. Major milk firms are focusing on adopting new technologies into their operations in order to improve milk quality and safety while strengthening their market position. For example, Everest Instruments, an India-based provider of dairy technology solutions, launched the Fatscan Milk Analyzer in March 2023, which uses cutting-edge technology to deliver an accurate and effective examination of milk quality. In less than 30 seconds, the technology can determine the percentage of fat, SNF (solids-not-fat), added water, density, protein, and lactose.

The Milk Global Market Report 2023  provides a milk market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The milk market forecast analyzes milk market size, milk market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Milk is a protein and fat emulsion in water produced by many mammals. Humans rely on milk obtained from domesticated animals as a primary source of nutrition.

Explore Similar Reports From The Business Research Company:

Milk Substitutes (Nondairy Milk) Global Market Report 2023

Oat Milk Global Market Report 2023

Milk And Butter Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: