Milk rose to 17.17 USD/CWT on December 2, 2025, up 0.06% from the previous day. Over the past month, Milk's price has risen 1.48%, but it is still 13.50% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on December of 2025.

The organic milk market size was estimated at USD 24.91 billion in 2024. The organic milk industry is expected to grow from USD 25.6 billion in 2025 to USD 34.6 billion by 2035.

Attributes	Description
Estimated Global Industry Size (2025E)	USD 25.6 billion
Projected Global Industry Value (2035F)	USD 34.6 billion
Value-based CAGR (2025 to 2035)	3.0%

Country wise Insights

Countries	CAGR, 2025 to 2035
USA	4.2%
Germany	3.4%
India	6.5%

Discover the latest trends in the UK milk market and learn about the projected growth in consumption over the next decade. Market performance is expected to see a slight slowdown, with an estimated increase in volume and value by 2035.

The international market for milk and milk products free from lactose in the year 2024 was estimated to be USD 13,874.3 million. The market for lactose free milk led to growth in 2025 and thus the overall world market was estimated to have been worth USD 14,581.8 million in 2025. Sales during the forecasting period (2025-2035) would be at a constant average rate of growth of 5.6 % CAGR, finally ending up with a value of USD 25,118.8 million in 2035.

Attributes	Description
Estimated Global Lactose Free Dairy Product Industry Size (2025E)	USD 14,581.8 million
Projected Global Lactose Free Dairy Product Industry Value (2035F)	USD 25,118.8 million
Value-based CAGR (2025 to 2035)	5.6 %

Semi-Annual Market Update

Particular	Value CAGR
H1	5.2 % (2024 to 2034)
H2	5.4 % (2024 to 2034)
H1	5.5 % (2025 to 2035)
H2	5.6 % (2025 to 2035)

Country-wise Insights

Country	CAGR (2025-2035)
USA	5.2%
Germany	4.8%
China	6.1%
Japan	4.5%
India	7.0%

Category-Wise Insights

Segment	Value Share (2025)
Milk (By Product Type)	48.7 %

Segment	Value Share (2025)
Organic (By Nature)	37.9%

Global demand for plant-based milk is projected to climb from USD 21.9 billion in 2025 to USD 52.4 billion by 2035, a 9.1% CAGR.

Attributes	Description
Estimated Industry Size (2025E)	USD 21.93 Billion
Projected Industry Value (2035F)	USD 52.4 billion
Value-based CAGR (2025 to 2035)	9.1%

Country wise Insights

Countries	CAGR, 2025 to 2035
United States	7.4%
Germany	6.0%
India	11.6%

Category-wise Insights

Segment	Value Share (2025)
Liquid (Form)	63%

Segment	Value Share (2025)
Soy Milk (Product Type)	38%

The global skim milk market, while experiencing a period of moderate growth, presents a compelling investment opportunity for businesses looking to capitalize on evolving consumer preferences and health-conscious trends. The market, estimated at $15 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033, reaching an estimated $22 billion by 2033. Several factors drive this growth, including the increasing demand for protein-rich, low-fat dairy alternatives, fueled by rising health awareness and the growing prevalence of diet-conscious consumers. The rising popularity of skim milk in various food and beverage applications, such as yogurt, cheese, and protein shakes, further contributes to market expansion. However, challenges such as fluctuating raw milk prices and increasing competition from plant-based alternatives pose potential restraints on market growth. Key players like Arla Foods, Danone, and Nestle are strategically investing in product innovation, expanding distribution networks, and focusing on sustainable sourcing to maintain market competitiveness. Regional variations in consumption patterns are evident, with North America and Europe currently dominating the market share, although emerging markets in Asia-Pacific are showing significant growth potential. Segmentation within the market includes organic and conventional skim milk, further differentiating product offerings to cater to specific consumer needs. The competitive landscape is characterized by a mix of large multinational corporations and smaller regional players. Large players leverage their established distribution networks and brand recognition to secure significant market share, while smaller companies focus on niche products and regional market penetration. The future of the skim milk market hinges on the successful adaptation to evolving consumer preferences, effective supply chain management to mitigate price volatility, and the introduction of innovative products to attract a wider consumer base. Sustainability initiatives and transparent sourcing practices are also becoming increasingly important considerations for consumers and are thus shaping future market trends. The successful players will be those that effectively navigate these dynamics and strategically position themselves to meet the demands of a constantly evolving market.

The Kenyan milk market reached $5B in 2024, surging by 2.5% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2024; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the near future.

The global UHT milk market is poised for significant expansion, projected to reach approximately $75 billion by 2025, with an anticipated Compound Annual Growth Rate (CAGR) of 7.5% throughout the forecast period of 2025-2033. This robust growth is primarily driven by the increasing consumer preference for shelf-stable dairy products, fueled by evolving lifestyles, a demand for convenience, and enhanced product innovation. The extended shelf life and reduced need for refrigeration offered by UHT milk make it an attractive option for consumers worldwide, particularly in emerging economies where cold chain infrastructure may be less developed. Furthermore, growing health consciousness and an increasing awareness of milk's nutritional benefits are contributing to its sustained demand. The market is segmented into direct drinking, food processing, and other applications, with direct drinking expected to hold the largest share due to its widespread consumption. The market dynamics are further shaped by key trends such as the introduction of flavored and fortified UHT milk varieties, catering to diverse taste preferences and nutritional needs. Innovations in packaging are also playing a crucial role, improving product safety and extending shelf life. However, challenges such as fluctuating raw milk prices and intense competition from alternative dairy and non-dairy beverages could temper growth. Despite these restraints, the UHT milk market is expected to witness steady progress. Asia Pacific, led by China and India, is anticipated to be a major growth engine, owing to a large and growing population, increasing disposable incomes, and a rising demand for convenient and nutritious food products. North America and Europe remain significant markets, driven by established consumption patterns and a focus on product quality and innovation. Key players like Parmalat, Inner Mongolia Yili Industrial, China Mengniu Dairy, and Nestle are actively involved in expanding their market reach and product portfolios to capitalize on these opportunities. This report provides an in-depth analysis of the global Ultra-High Temperature (UHT) milk market, offering insights into its current state, future trajectory, and key influencing factors. We will explore market dynamics, product innovations, regional trends, and the competitive landscape, supported by estimated market values in the millions.

The global pea milk market size is estimated to account for USD 142.0 million in 2025. It is anticipated to grow at a CAGR of 13.0% during the assessment period and reach a value of USD 289.7 million by 2035.

Attributes	Description
Estimated Global Pea Milk Market Size (2025E)	USD 142.0 million
Projected Global Pea Milk Market Value (2035F)	USD 289.7 million
Value-based CAGR (2025 to 2035)	13.0%

Pricing Analysis

Brand	Price per 100ml (USD)
Ripple Foods	0.53
Sproud	0.55
Silk (Pea-Based)	0.45
Califia Farms	0.60

Region	Average Price (USD per 100ml)
North America	0.50
Europe	0.55
Asia-Pacific	0.45
Latin America	0.40

Segment-Wise Analysis

Attributes	Details
Top Flavor	Original Flavored
Market Share in 2025	55%

Attributes	Details
Top Packaging Material	Tetra Packs
Market Share in 2025	60%

The global UHT milk market, valued at $64.24 billion in 2025, is projected to experience robust growth, driven by several key factors. The increasing demand for convenient and long-shelf-life dairy products fuels the market's expansion, particularly in regions with limited access to refrigerated storage or fluctuating electricity supplies. Consumer preference for healthier options like skimmed and semi-skimmed UHT milk is also contributing to market segmentation and growth. The rise of e-commerce platforms and online grocery shopping further facilitates market accessibility, supplementing traditional distribution channels like hypermarkets and supermarkets. Key players like Nestlé, Lactalis, and Fonterra are leveraging innovative packaging and product diversification strategies to maintain market share and capture consumer attention. Competitive pricing and strategic partnerships also play a significant role in shaping market dynamics. However, the industry faces challenges such as fluctuating raw material prices, stringent regulatory compliance, and the growing popularity of plant-based milk alternatives. The projected Compound Annual Growth Rate (CAGR) of 5.56% from 2025 to 2033 indicates a significant upward trajectory for the UHT milk market. Regional variations in growth are expected, with developing economies in Asia-Pacific and parts of Africa showing potentially higher growth rates compared to mature markets in North America and Europe. This is attributed to factors like rising disposable incomes, increasing urbanization, and changing dietary habits. The market's segmentation across product types (full-cream, skimmed, semi-skimmed) and distribution channels offers opportunities for targeted marketing and product development. Further research into consumer preferences and emerging trends in sustainable packaging and production methods will be crucial for sustained market success. Furthermore, the industry's response to health concerns and the increasing demand for transparency in sourcing and production practices will play a crucial role in shaping future market growth. Recent developments include: August 2022: Dairy Group (Pty) Ltd., a South African company, launched a new range of dairy products under its brand Creamline. The products include UHT milk, butter, and dairy liquid blends. The products made by Creamline are claimed to be made of milk processed by its homegrown farmers., November 2021: Hochwald Foods opened a new UHT plant in Mechernich. The company collaborated with GEA Group for its product offerings. With the opening of the new plant, the company will be processing about 800 million liters of milk per year into dairy products like UHT milk, UHT cream, and many more., October 2021: Dana Dairy Group, a leading producer and provider of shelf-stable dairy products, launched a new line of organic dairy and non-dairy products. The products include organic UHT milk as well as a new line of non-dairy cooking and whipping cream based on vegetable oil.. Notable trends are: Increasing Demand of Convenient and Nutritious Milk.

The oat milk market is valued at USD 1,981.4 million in 2025. Projections suggest that the market will continue on an upward trajectory, reaching a forecasted value of USD 7,154.4 million by the end of 2035. This growth corresponds to a CAGR of 13.7% over the 2025 to 2035 period

Attribute	Description
Estimated Global Oat Milk Industry Size (2025E)	USD 1,981.4 million
Projected Global Oat Milk Industry Value (2035F)	USD 7,154.4 million
Value-based CAGR (2025 to 2035)	13.7%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	13.2%
H2 (2024 to 2034)	13.4%
H1 (2025 to 2035)	13.5%
H2 (2025 to 2035)	13.7%

Country-Wise Insights

Countries	CAGR 2025 to 2035
USA	16.5%
Germany	10.0%
China	12.2%
Japan	11.4%
India	13.7%

The global evaporated milk market, valued at $8.922 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.7% from 2025 to 2033. This growth is fueled by several key factors. Increased demand from developing economies, particularly in Asia and Africa, where evaporated milk serves as an affordable and convenient source of protein and dairy nutrients, is a significant driver. Furthermore, the growing popularity of ready-to-drink beverages and processed foods incorporating evaporated milk contributes to market expansion. The convenience factor, extended shelf life compared to fresh milk, and its suitability for various culinary applications across both sweet and savory dishes further boost its demand. Major players like Nestlé, Arla Foods, and FrieslandCampina are actively expanding their product portfolios and distribution networks to capitalize on this growth. However, increasing health consciousness and a rising preference for alternative milk options, such as plant-based milks, present a challenge to market expansion. Fluctuations in raw material prices (milk) and stringent regulatory frameworks concerning food safety and labeling in various regions also pose restraints. The market segmentation reveals a diverse landscape of products catering to different consumer preferences and price points. The competitive landscape is marked by the presence of both multinational corporations and regional players. Nestlé, Arla, and FrieslandCampina hold significant market share, benefiting from their established brand recognition and global distribution capabilities. However, regional players are increasingly competing effectively by focusing on local tastes and preferences, along with cost-effective production methods. Future market growth will likely depend on successful innovation in product offerings—introducing healthier and more value-added options, such as fortified evaporated milk with added vitamins and minerals—and strategic expansion into untapped markets. Sustainability initiatives and environmentally friendly packaging solutions will also play an important role in shaping future market trends. The forecast period (2025-2033) suggests continued growth, with the market size expected to significantly increase as the industry adapts to changing consumer demands and technological advancements.

The global liquid milk market is experiencing robust growth, driven by increasing consumer demand for nutritious and convenient dairy products. While precise figures for market size and CAGR are absent from the provided data, a reasonable estimation can be made based on industry trends. Considering the presence of major global players like Nestle and Parmalet alongside significant regional players in Asia (Yili, Mengniu), the market likely commands a substantial valuation. Let's assume, for illustrative purposes, a 2025 market size of $150 billion USD. Given the consistent demand and ongoing product innovation within the dairy sector, a conservative Compound Annual Growth Rate (CAGR) of 4% for the forecast period (2025-2033) seems plausible. This translates to a projected market size exceeding $220 billion USD by 2033. Key drivers include rising disposable incomes in emerging economies, increasing health consciousness leading to higher milk consumption, and the diversification of liquid milk products—such as flavored milk, lactose-free options, and fortified varieties—catering to evolving consumer preferences. However, challenges such as fluctuating raw material prices (milk), increasing regulatory scrutiny on food safety and labeling, and potential competition from plant-based milk alternatives present significant restraints. Market segmentation is likely driven by product type (e.g., whole milk, skim milk, flavored milk), packaging, and distribution channels (e.g., retail, foodservice). The competitive landscape is dominated by established multinational corporations alongside robust regional players, suggesting a dynamic and evolving market structure. The continued growth in the liquid milk market is significantly influenced by factors such as population growth, particularly in developing nations with increasing urbanization and changing lifestyles. The aforementioned CAGR of 4% reflects a steady, yet sustainable trajectory, likely to be influenced by the strategic initiatives of major players to enhance product portfolio, innovate packaging, and expand distribution networks. Furthermore, the successful penetration of specialized liquid milk products—targeting niche consumer demands—will play a crucial role in shaping future market dynamics. While external factors like economic fluctuations and shifts in consumer preferences could affect the projected growth, the overall outlook for the global liquid milk market remains positive, promising considerable opportunities for both established and emerging players. Further detailed data analysis would greatly refine these estimations, offering a more comprehensive understanding.

The Dry Whole Milk Powder Market is estimated to be valued at USD 13.0 billion in 2025 and is projected to reach USD 18.3 billion by 2035, registering a compound annual growth rate (CAGR) of 3.5% over the forecast period.

Metric	Value
Dry Whole Milk Powder Market Estimated Value in (2025 E)	USD 13.0 billion
Dry Whole Milk Powder Market Forecast Value in (2035 F)	USD 18.3 billion
Forecast CAGR (2025 to 2035)	3.5%

The European dairy market, encompassing a diverse range of products from milk and yogurt to cheese and butter, presents a dynamic landscape with significant growth potential. Driven by increasing consumer demand for convenient and healthier dairy options, coupled with rising disposable incomes in several European nations, the market is projected to experience steady expansion over the forecast period (2025-2033). The preference for organic and sustainably sourced dairy products is a notable trend, pushing producers to adopt eco-friendly practices and transparent labeling. While the market faces challenges such as fluctuating milk prices and increased competition from plant-based alternatives, the sustained popularity of traditional dairy products and the ongoing innovation in product formats (e.g., functional dairy drinks, convenient single-serve options) are expected to mitigate these risks. Significant market segments include cheese, experiencing robust growth due to its versatility and inclusion in diverse culinary applications, and yogurt, fueled by health-conscious consumers seeking probiotic-rich foods. The distribution channel analysis reveals a strong presence in supermarkets and hypermarkets, alongside a growing online retail segment, reflecting evolving consumer shopping habits. Key players like Danone, Nestlé, and Lactalis are strategically investing in product diversification, brand expansion, and acquisitions to maintain their market leadership. The regional variations within Europe indicate strong performances in countries with established dairy industries and high per capita consumption, while others present opportunities for market penetration. The competitive landscape is characterized by both large multinational corporations and smaller regional players. Established brands are leveraging their strong brand recognition and extensive distribution networks, while smaller companies are focusing on niche products and innovative marketing strategies to gain market share. Future growth will be influenced by factors such as evolving consumer preferences (e.g., towards lactose-free and low-fat options), advancements in dairy processing technologies, and regulatory changes affecting food safety and labeling. The continued emphasis on sustainability and ethical sourcing within the supply chain will play a crucial role in shaping the market's future trajectory. Analyzing specific regional data points, such as the UK, Germany, and France, will reveal nuanced market dynamics and identify potential growth opportunities within specific product categories and distribution channels. This granular analysis will enable stakeholders to tailor their strategies to capitalize on regional demand patterns and consumer preferences. Recent developments include: June 2022: Hochwald Milch eG invested EUR 200 million to expand its business by opening a new dairy manufacturing facility in Germany. The new plant is located on a 21.5-hectare property and has 60,000 sq. m floor space.June 2022: Hochwald opened its new plant in Mechernich and invested EUR 200 million in the new location, where around 250 employees turn 800 million kg of milk per year into milk products, such as long-life milk, long-life cream, long-life milkshakes, and condensed milk.March 2022: Lactalis Group and Bayerische Milchindustrie eG (BMI) signed a contract for the sale of BMI’s Fresh division with the product groups: Fresh Milk, Yoghurt, and other products. Through this acquisition, Lactalis intends to build a close and long-term partnership with the southern German milk producers to further develop the market for regional products in food retail, national foodservice, and ethnic trade.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The half-and-half cream market, while a niche segment within the broader dairy industry, demonstrates consistent growth driven by evolving consumer preferences and expanding product applications. The market's value is estimated at $2 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of approximately 4% from 2025 to 2033. This growth is fueled by several key factors. Increasing demand for convenient, ready-to-use dairy products in coffee shops, restaurants, and households contributes significantly. The rising popularity of specialty coffee drinks, such as lattes and cappuccinos, further boosts demand. Moreover, the growing awareness of health benefits associated with moderate dairy consumption, coupled with the availability of organic and lactose-free options, expands the market's reach to a broader consumer base. However, fluctuating milk prices and competition from plant-based alternatives pose challenges to market expansion. Despite these restraints, the market is segmented into various product types, including organic, conventional, and flavored half-and-half, catering to diversified consumer needs. Leading brands like Land O'Lakes, Organic Valley, and Stonyfield Organic maintain a strong market presence, leveraging established brand recognition and extensive distribution networks. Geographic segmentation reveals a higher market concentration in North America and Europe, driven by robust dairy consumption patterns and a well-established retail infrastructure. Future growth will likely be influenced by innovative product development, such as functional half-and-half with added vitamins or probiotics, and expansion into new international markets where dairy consumption is increasing. Strategic partnerships with coffee chains and food service providers will also play a crucial role in shaping the market's future trajectory.

The global Ultra-Heat Treated (UHT) milk market is experiencing robust growth, driven by increasing demand for convenient, long-shelf-life dairy products. This trend is particularly pronounced in developing economies with limited refrigeration infrastructure, where UHT milk offers a crucial solution for food security and access to nutritious dairy. The market's expansion is fueled by several factors, including rising disposable incomes, changing consumer lifestyles favoring convenience foods, and growing awareness of UHT milk's nutritional benefits. Major players like Nestlé, Lactalis, Danone, and Fonterra are strategically investing in product innovation, expanding distribution networks, and focusing on sustainable sourcing to maintain their competitive edge. The market is segmented by product type (whole, skimmed, flavored), packaging (cartons, pouches), and distribution channels (retail, food service). While fluctuating raw material prices and potential health concerns regarding the processing methods pose challenges, the overall market outlook remains positive, with continuous innovation in packaging and product formulations projected to fuel future growth. The market's compound annual growth rate (CAGR) is estimated at 5% for the period 2025-2033, leading to a projected market value of approximately $50 billion by 2033, assuming a 2025 market size of $35 billion. This growth trajectory is expected to be influenced by the increasing adoption of UHT milk in emerging markets and the continued penetration of innovative products catering to specific dietary needs and preferences. Regional variations in growth rates will be influenced by factors such as economic development, urbanization, and consumer preferences. North America and Europe will likely maintain significant market share, while Asia-Pacific is projected to witness the fastest growth due to rising consumer demand and increased production capacity. Sustained focus on product differentiation, enhanced supply chain management, and targeted marketing campaigns will be crucial for companies seeking to thrive in this dynamic market environment.

The global liquid and UHT milk market is a substantial and dynamic sector, exhibiting consistent growth driven by several key factors. Rising consumer awareness of the nutritional benefits of milk, particularly regarding bone health and protein intake, fuels demand, especially in developing economies experiencing increasing disposable incomes. The convenience of UHT milk, offering extended shelf life without refrigeration, further propels its adoption, particularly in regions with limited cold-chain infrastructure. Growing health consciousness is also leading to increased demand for organic and fortified milk variants, presenting opportunities for premium product offerings. However, the market faces challenges, including fluctuating raw material prices (dairy commodity costs) impacting profitability, and increasing competition from plant-based milk alternatives. Furthermore, concerns regarding lactose intolerance are impacting consumption in certain demographics, demanding innovative solutions like lactose-free options to maintain market share.
The market's segmentation reflects these trends. While traditional liquid milk remains dominant, UHT milk is demonstrating faster growth rates, especially in emerging markets. Leading players like Fonterra, Nestlé, and Danone are strategically investing in product diversification, expansion into new geographies, and leveraging their brands to maintain a competitive edge. Regional variations exist, with developed markets showing slower growth compared to developing nations where the penetration rate of milk consumption is relatively low. The forecast period (2025-2033) anticipates sustained growth, albeit at a slightly moderated pace compared to the historical period, driven by consistent consumer demand and innovations in product offerings and packaging to address consumer preferences and logistical challenges. A focus on sustainability and eco-friendly practices within the dairy industry will also play a role in shaping future market dynamics.

In 2024, the Pakistani yoghurt and fermented milk market increased by 4.8% to $13.3B, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +3.2% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the near future.