ROCKVILLE, Md., June 18, 2024 /PRNewswire/ -- Preference for
UHT Milk Rising Due to its Low or No-fat Content, Appealing to
Health-conscious Consumers
According to a newly published research analysis by Fact.MR, a
market research and competitive intelligence provider, the global
UHT Milk Market is calculated to reach a size of
US$ 74 billion in 2024.
Worldwide revenue from UHT milk sales is projected to climb to
US$ 138.9 billion by
2034-end.
Worldwide demand for skimmed UHT milk is increasing at a
noteworthy pace owing to its comparatively low or no-fat content,
which is making it an attractive choice among health-conscious
consumers who are seeking low-fat dairy products. Moreover, calcium
and vitamins present in skimmed milk make it a preferred option in
smart eating practices.
Sales of UHT milk in China are
forecasted to accelerate at 6.5% CAGR and reach US$ 15.2 billion by 2034-end. With more people
joining the workforce daily, along with an ever-increasing
population, demand for UHT milk as a substitute option for fresh
milk is rising rapidly. Moreover, a high inclination toward Western
culture is also creating lucrative opportunities for market
players.
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Report:
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Key Takeaway from Market Study:
- The global UHT milk market is forecasted to advance at 6.5%
CAGR from 2024 to 2034.
- Bottle-packed UHT milk is evaluated to account for 53.3% share
of global market revenue by the end of 2034.
- Worldwide sales of skimmed UHT milk are analyzed to rise at 7%
CAGR and reach US$ 63.4 billion by
2034-end.
- Demand for UHT milk in South
Korea is approximated to increase at a CAGR of 7.3% from
2024 to 2034.
- The market in Japan is
calculated to expand at 7% CAGR through 2034.
- North America is projected to
account for a 24.3% share of global market revenue by the end of
2034.
"Market players should look to invest in technological
advancements and offer UHT milk with more nutrients, improved
taste, and longer shelf life," says a Fact.MR
analyst.
Convenience and Reusability of Bottle-packed UHT Milk
Worldwide demand for UHT milk in bottle packaging is analyzed to
accelerate at 6.4% CAGR and reach a market value of US$ 74.1 billion by the end of 2034. The growing
popularity of bottle-packed UHT milk is because of its convenience
in use and reusability. Plastic or glass bottles are widely used by
manufacturers for the packaging of UHT milk.
Key Market Players:
Some of the leading manufacturers of UHT milk are
Nestlé SA, Parmalat, Groupe Lactalis S.A., Fonterra
Co-operative Group Limited, Danone Limited, S.A.B. de CV,
Grupo Lala, Amcor Ltd., Dairy Group
(Pty) Ltd., Bemis Company, Arla Foods, Sonoco Products Company,
Gujarat Cooperative Milk, Mother Dairy, and Tetra Pack.
UHT Milk Market Outlook: North
America and East Asia Poised for Significant Growth by
2034
Fact.MR, a market research and competitive intelligence
provider, reveals in its newly updated study that North America is expected to contribute 24.3%
of the global market share by 2034. The higher spending capacity of
Americans is driving increased sales of this commodity.
Additionally, the lower prices, easy availability, and good
nutritional value of UHT milk are boosting its growing sales.
The United States is projected
to account for 45.6% of the North American market revenue share by
2034. Logistical advantages, such as the availability of suitable
infrastructure for storing empty packages flat until needed and
eliminating the demand for PVC or large glass cartons, make
this packaging method time- and space-efficient. The availability
of various packaging options also aids in the easy storage and
transportation of UHT milk, further expanding the market. Moreover,
the rising demand for UHT milk is due to its convenience and easy
availability.
China is forecast to capture
47.5% of the market share in East
Asia by the end of 2034. The increased demand for UHT milk
in China is attributed to the
gradual shift towards a working lifestyle and a growing population.
An inclination toward Western culture and increased spending on
premium products are creating lucrative opportunities for UHT milk
suppliers in China.
Japan is expected to hold 29.4%
of the East Asian market revenue share by 2034. UHT milk is popular
as an alternative to regular milk due to its longer shelf life and
easy storage, making it a preferred choice among more end users.
Conventionally treated milk requires an efficient and mobile cold
storage chain, which is not needed with UHT milk, adding to its
appeal.
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Solutions:
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of
the UHT milk market, presenting historical demand data (2019 to
2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on
type (full cream, skimmed, semi-skimmed), packaging (cartons,
bottles), form (powder, liquid), source (animal-based [cow milk,
goat milk, buffalo milk, other], plant-based [almonds, coconuts,
soy, other]), end-use application (infant formula, dairy products
[butter, cheese, yogurt, milk powder, ice cream, others], bakery
& confectioneries, milk & milk-based beverages, retail
sales), and distribution Channel (B2B, B2C [HORECA, specialty
stores, modern trade, convenience stores, grocery stores, specialty
food stores, online retailers, other distribution channels]),
across seven major regions of the world (North America, Latin
America, Western Europe,
Eastern Europe, East Asia, South
Asia & Pacific, and MEA).
Related Market Projections for 2034:
Plant-based Milk Powder Market is projected to increase
from a valuation of $425.3 million in
2024 to $896.5 million by 2034.
Organic Milk Market is predicted to expand at a CAGR of
6.5% and reach a valuation of $319.36
million by 2033.
Food Retail Market is valued at $12.6 trillion in 2024 and is expected to grow at
a CAGR of 5.5%, reaching $21.5
trillion by 2034.
Flavored Milk Market is forecasted to progress at a CAGR
of 7% to reach $12 billion by
2033.
Protein Supplements Market surging to $41.1 billion by 2033 with a 6.3% CAGR.
About Us:
Fact.MR is a distinguished market research company
renowned for its comprehensive market reports and invaluable
business insights. As a prominent player in business intelligence,
we deliver deep analysis, uncovering market trends, growth paths,
and competitive landscapes. Renowned for its commitment to accuracy
and reliability, we empower businesses with crucial data and
strategic recommendations, facilitating informed decision-making
and enhancing market positioning.
With its unwavering dedication to providing reliable market
intelligence, FACT.MR continues to assist companies in navigating
dynamic market challenges with confidence and achieving long-term
success. With a global presence and a team of experienced analysts,
FACT.MR ensures its clients receive actionable insights to
capitalize on emerging opportunities and stay ahead in the
competitive landscape.
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