Milk fell to 17.27 USD/CWT on August 29, 2025, down 0.06% from the previous day. Over the past month, Milk's price has risen 1.17%, but it is still 16.21% 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 September 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%

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%

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 goat milk products market is poised for significant growth, expanding from an estimated USD 14.3 billion in 2025 to USD 23.1 billion by 2035, reflecting a steady CAGR of 4.9%.

Metric	Value
Estimated Market Value (2025E)	USD 14.3 billion
Forecast Market Value (2035F)	USD 23.1 billion
Forecast CAGR (2025 to 2035)	4.9%

The global milk market, a multi-billion dollar industry dominated by major players like Nestlé, Danone, and Lactalis, is experiencing steady growth. While precise market size figures for 2019-2024 are unavailable, leveraging publicly available data and industry reports, we can reasonably estimate a 2024 market value in the range of $500-600 billion USD. This substantial market is fueled by several key drivers, including increasing global population, rising disposable incomes in developing economies, and a growing preference for dairy-based products in health-conscious consumers' diets. Further driving growth are innovations in product diversification (e.g., flavored milks, plant-based alternatives) and the expansion of convenient formats (e.g., ready-to-drink, shelf-stable milk). However, challenges exist, such as fluctuations in milk prices due to factors like weather patterns and feed costs, increasing consumer awareness of lactose intolerance, and rising competition from plant-based milk alternatives. Market segmentation extends across various product types (whole milk, skim milk, flavored milk), packaging formats, distribution channels, and geographic regions. The projected Compound Annual Growth Rate (CAGR) allows for estimations of future market value. Assuming a conservative CAGR of 3-4% from 2025 onwards, the market size is anticipated to grow significantly by 2033. This growth will likely be driven by continued diversification of the milk product line to capture evolving consumer preferences, especially within the health-conscious and sustainability-focused segments. Regional variations will continue to shape market dynamics, with regions like Asia-Pacific exhibiting potentially higher growth rates driven by increased consumption and population growth compared to already matured markets in North America and Europe. The competitive landscape remains intense with both established multinational companies and regional players vying for market share, necessitating constant innovation and strategic partnerships to maintain competitive advantage.

In 2024, the Jordanian milk market increased by 0.9% to $371M, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of +3.7% over the period 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 reached the maximum level in 2024 and is expected to retain growth in the near future.

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 2 Percent Reduced Fat Milk market is a significant segment within the broader dairy industry, exhibiting steady growth driven by consumer preference for healthier alternatives to whole milk. While precise market size figures for 2019-2024 are unavailable, a reasonable estimate for the 2025 market size, based on industry trends and the presence of established players like Organic Valley and Borden Dairy, could be around $5 billion (USD). Assuming a conservative Compound Annual Growth Rate (CAGR) of 2% (consistent with moderate growth in the dairy sector), the market is projected to reach approximately $5.4 billion by 2033. Key drivers include increasing health consciousness among consumers, a preference for lower-fat dairy options, and the continued popularity of milk in various food and beverage applications. Trends such as the rise of organic and plant-based alternatives pose challenges, demanding continuous innovation and marketing efforts to maintain market share. Growth restraints include fluctuating milk prices, potential shifts in consumer preferences toward plant-based alternatives, and the impact of environmental concerns on dairy farming practices. Segmentation within the market may include packaging types (e.g., cartons, bottles), distribution channels (e.g., retail, food service), and organic vs. conventional milk. The competitive landscape is characterized by a mix of large established dairy companies and smaller regional players. Large companies leverage extensive distribution networks and established brands to maintain dominance, while smaller, niche players often focus on organic or specialized milk varieties. Future growth strategies for market participants will likely involve focusing on product innovation (e.g., flavored varieties, added nutrients), sustainable sourcing, and robust marketing campaigns emphasizing the health benefits and versatility of 2 percent reduced-fat milk. Companies must also address the challenge of plant-based competition through strategic positioning and targeted consumer education. A strong emphasis on traceability and transparent farming practices will also be crucial in building consumer trust and loyalty.

The global Hemp Milk industry is estimated to be worth USD 135.3 million by 2025. It is anticipated to reach USD 242.3 million by 2035, reflecting a CAGR of 6.0% over the assessment period 2025 to 2035.

Attributes	Description
Estimated Industry Size (2025E)	USD 135.3 million
Projected Industry Value (2035F)	USD 242.3 million
Value-based CAGR (2025 to 2035)	6.0%

Semi-Annual Market Update

Particular	Value CAGR
H1	5.1% (2024 to 2034)
H2	6.2% (2024 to 2034)
H1	5.8% (2025 to 2035)
H2	6.7% (2025 to 2035)

Country-wise Insights

Countries	CAGR 2025 to 2035
USA	5.1%
Brazil	6.9%
India	7.6%
Japan	5.3%
China	6.4%

Category-Wise Insights

Segment	Value Share (2025)
Flavored (By Variant)	64.2%

Segment	Value Share (2025)
Nutraceutical Industry (By End Use)	28.4%

The almond milk market is experiencing robust growth, driven by increasing consumer demand for plant-based alternatives to dairy milk. Health-conscious consumers are drawn to almond milk's lower calorie and fat content compared to cow's milk, along with its perceived nutritional benefits like vitamin E and calcium fortification. The rising prevalence of lactose intolerance and allergies further fuels this market expansion. Growth is particularly strong in the off-trade channel, with supermarkets and hypermarkets representing a significant portion of sales, followed by online retail which is experiencing rapid expansion due to convenience and increased online shopping habits. The on-trade sector (restaurants and cafes) also contributes significantly, reflecting the increasing integration of plant-based options into foodservice offerings. Major players like Blue Diamond Growers, Califia Farms, and Danone are driving innovation through product diversification, including flavored varieties, unsweetened options, and offerings with added protein or other functional ingredients. Geographic expansion, particularly in developing economies with growing middle classes and increasing awareness of health and wellness, presents significant opportunities for future growth. However, price fluctuations in almonds and increasing competition from other plant-based milks, such as oat and soy milk, pose challenges to market expansion. Further growth will likely depend on sustained consumer preference for plant-based alternatives and the ability of manufacturers to develop sustainable and cost-effective production processes. The market is segmented geographically, with North America currently holding a substantial market share due to high consumer awareness and established distribution networks. Europe and Asia-Pacific are also exhibiting strong growth, driven by changing dietary habits and increasing disposable incomes. However, regional variations exist, influenced by cultural preferences, consumer purchasing power, and the availability of locally sourced alternatives. Future growth will depend on successfully adapting product offerings and marketing strategies to suit regional nuances. Sustained research and development into improving the nutritional profile and taste of almond milk, along with efforts to increase sustainability throughout the supply chain, will be crucial for maintaining and enhancing the market’s competitive advantage in the long term. The forecast period (2025-2033) projects continued growth, although the specific CAGR will depend on various factors including economic conditions and evolving consumer preferences. Considering a conservative estimate, a CAGR of approximately 7-8% seems plausible given the current market dynamics and future growth projections. Recent developments include: October 2022: SunOpta Inc. completed the first phase of a USD 100 million sterile alternative milk plant in Midlothian to manufacture sustainable milk and food products.April 2022: Califia Farms launched the Unsweetened Almond Barista Blend, which contains calcium and vitamin D.January 2022: Danone North America introduced a new addition to its almond milk portfolio named Silk Extra Creamy Almondmilk, featuring a blend of three types of almonds.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

The global dried whole milk market is experiencing robust growth, driven by increasing demand from the infant formula, dessert, and baked goods sectors. While precise market size figures for 2025 are unavailable, a logical estimation can be made. Assuming a conservative CAGR of 5% (a reasonable figure given industry trends), and a 2019 market size of $10 billion (a plausible estimate considering the scale of the dairy industry and the significant role of dried whole milk), the market size in 2025 would be approximately $12.76 billion. This growth is projected to continue throughout the forecast period (2025-2033), with the market likely exceeding $20 billion by 2033, depending on various factors such as global economic conditions and shifts in consumer preferences. Key drivers include the rising global population, increasing disposable incomes in developing nations boosting consumption of dairy-based products, and the convenience offered by dried whole milk in food manufacturing. Furthermore, the growing popularity of convenient ready-to-eat meals and snacks further fuels demand. However, restraints include fluctuating milk prices, stringent regulations regarding food safety and quality, and the rise of plant-based alternatives. Market segmentation reveals significant contributions from both regular and instant dried whole milk types. The infant formula segment is a dominant application, followed by desserts and baked goods. Key players such as Abbott, Nestlé, and others, are actively competing, leveraging innovation, brand reputation, and extensive distribution networks to secure market share. Geographic analysis shows that North America and Asia Pacific are significant market regions, propelled by substantial population size and evolving dietary habits. The European market also displays considerable demand, driven by the popularity of dairy products and a strong focus on food quality and safety. The ongoing expansion into emerging markets across Asia and Africa presents significant opportunities for future growth in the dried whole milk industry.

The United States oat milk market is experiencing robust growth, driven by increasing consumer demand for plant-based milk alternatives. Health-conscious consumers are seeking dairy-free options lower in saturated fat and cholesterol, while others are drawn to oat milk's creamy texture and versatility. The market's expansion is further fueled by the rising popularity of vegan and flexitarian diets, coupled with growing awareness of the environmental impact of dairy farming. Key distribution channels include supermarkets and hypermarkets, convenience stores, and online retail, with the latter experiencing particularly rapid growth due to the convenience it offers. The competitive landscape is dynamic, with established players like Oatly and newcomers innovating with new flavors, formats (e.g., barista blends), and functional additions (e.g., added protein or vitamins). While price sensitivity remains a factor, particularly among budget-conscious consumers, the overall trend points towards premiumization, with consumers willing to pay more for higher-quality, organic, or specialty oat milk options. The market's future prospects are bright, projected to maintain a strong CAGR, driven by continued innovation, increasing consumer awareness, and expanding distribution networks. Despite challenges such as price fluctuations in raw materials (oats) and potential competition from other plant-based milks (e.g., almond, soy), the long-term growth trajectory of the US oat milk market remains positive. Major players are focusing on expanding their product lines, targeting niche consumer segments, and engaging in strategic partnerships to enhance their market share. The on-trade segment (cafes, restaurants) is also showing promise, with many food service establishments incorporating oat milk into their menus. Sustained marketing efforts highlighting the health and sustainability benefits of oat milk, coupled with increasing product availability across various retail channels, will further drive market expansion throughout the forecast period. Successful brands will be those adept at navigating the evolving consumer preferences and delivering high-quality, sustainably produced oat milk at competitive price points. Recent developments include: September 2022: Elmhurst launched its reformulated unsweetened Oat Milk with enhanced nutritional benefits. The new formula includes more calcium, healthy fat, and potassium than the prior Elmhurst Oat Milk.June 2022: Elmhurst 1925 announced the launch of three products, including Chocolate Milked Oats and Unsweetened Milked Oats, across all Whole Foods Market chain locations.May 2022: Oatly Group launched its one-hour delivery for its bestselling oat-based products, including oat milk, and frozen non-dairy dessert pints and novelties in Los Angeles and New York City through popular food delivery apps.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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 ultrafiltered milk market is experiencing robust growth, driven by increasing consumer demand for healthier, longer-lasting dairy products. The market's expansion is fueled by several key factors, including the rising prevalence of lactose intolerance, growing awareness of the health benefits of protein-rich diets, and the increasing use of ultrafiltered milk in various food and beverage applications. The rising popularity of functional foods and beverages, incorporating ultrafiltered milk for its enhanced nutritional profile, further contributes to market growth. Major players like Coca-Cola, Saputo, and Fonterra are actively investing in research and development to improve production processes and expand product offerings, catering to diverse consumer preferences. This competitive landscape fosters innovation and drives the market forward. The market segmentation likely includes variations based on milk type (e.g., skim, whole, organic), packaging, and application (e.g., infant formula, protein drinks). Geographic growth is expected to be strongest in regions with high dairy consumption and increasing disposable incomes, with North America and Europe leading the way initially, followed by expansion in Asia and other developing markets. While challenges such as fluctuating milk prices and regulatory hurdles exist, the overall outlook remains positive, with a projected substantial increase in market value over the forecast period. The continued growth in the ultrafiltered milk market is projected to be influenced by several factors. Technological advancements in ultrafiltration techniques are expected to improve efficiency and reduce production costs, further bolstering market expansion. Furthermore, the increasing adoption of sustainable practices within the dairy industry will enhance the market's appeal to environmentally conscious consumers. Strategic partnerships and mergers and acquisitions among market players will likely shape the competitive dynamics, potentially leading to market consolidation. However, potential constraints include concerns about the potential impact of ultrafiltration on the nutritional value of milk and the need to address consumer perceptions and educational initiatives around the process. Future market success will depend on companies' ability to innovate, adapt to evolving consumer preferences, and effectively communicate the benefits of ultrafiltered milk. The market's value is expected to reach significant heights by 2033 due to the aforementioned factors.

Learn about the future of the milk market in China as demand continues to rise, with market volume expected to reach 56M tons and market value projected to hit $51.7B 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%

The global low-fat milk market, valued at $4333.6 million in 2025, is poised for significant growth. Driven by increasing health consciousness and a rising preference for healthier alternatives to whole milk, the market demonstrates strong potential. Consumers are increasingly aware of the link between diet and overall well-being, leading to a surge in demand for low-fat dairy products. This trend is further amplified by rising incidences of obesity and related health issues globally, prompting individuals to actively seek nutritious options. The market is segmented by milk type (2% milk, 1% milk, fat-free milk) and application (desserts, bakery, confectionery, beverages, others). The diverse applications of low-fat milk across various food and beverage industries ensure consistent demand. Major players like Danone, Coca-Cola, Nestlé, and Organic Valley are leveraging their established distribution networks and brand recognition to capitalize on this growth. Regional variations exist, with North America and Europe currently holding substantial market shares due to high consumer awareness and established dairy industries. However, Asia-Pacific, driven by rapidly growing populations and increasing disposable incomes, presents a substantial opportunity for future expansion. The market faces challenges such as fluctuating milk prices and competition from plant-based alternatives, but these are likely to be mitigated by innovative product development and strategic marketing initiatives. Overall, the outlook for the low-fat milk market remains optimistic, with continued growth predicted throughout the forecast period. The forecast period (2025-2033) expects consistent growth, influenced by factors like increasing urbanization, evolving dietary habits toward healthier choices, and the introduction of innovative low-fat milk products enriched with vitamins and minerals. Successful marketing campaigns focusing on the health benefits of low-fat milk and its versatility in culinary applications will further stimulate demand. While challenges such as price volatility and competition from substitutes exist, the long-term prospects for the low-fat milk market remain positive, with substantial opportunities for industry players to expand their market presence and develop new products tailored to consumer preferences and health needs. Continuous research and development will play a vital role in enhancing the nutritional profile and appeal of low-fat milk.

The global thick milk market is experiencing robust growth, driven by increasing consumer demand for convenient, ready-to-use dairy products and the rising popularity of coffee and tea-based beverages. The market's expansion is further fueled by the growing adoption of healthy and nutritious food options, with thick milk offering a convenient source of protein and calcium. Key application segments include drinks (including coffee, tea, and smoothies) and pastries, reflecting the versatility of thick milk in various food and beverage applications. The cold brew thick milk segment holds significant market share due to its unique flavor profile and suitability for iced beverages, while essence brew thick milk caters to a preference for a stronger, more concentrated milk flavor. The market is highly competitive, with both established global players like Nestlé and Saputo and regional dairy companies vying for market share. Growth is geographically diverse, with North America and Asia Pacific anticipated to lead in terms of consumption and market value, driven by factors such as rising disposable incomes, changing lifestyles, and increased urbanization. However, challenges remain, including fluctuating raw material prices (dairy), stringent regulations surrounding food safety and labeling, and the emergence of plant-based milk alternatives. Future growth will depend on innovation in product offerings (e.g., flavored thick milks, organic options), expansion into new markets, and strategic partnerships between dairy producers and food service companies. Despite challenges from plant-based alternatives, the thick milk market is projected to maintain healthy growth throughout the forecast period (2025-2033). This is predicated on continued innovation within the sector, focusing on value-added products and catering to diverse consumer preferences (e.g., low-fat, high-protein, organic). Successful marketing and branding initiatives by key players will remain crucial to sustain market dominance, while effective supply chain management and price stability are critical to mitigating the impact of fluctuating raw material costs. Regional variations in consumer preferences and regulatory environments will require tailored strategies from companies aiming to expand their global reach within the thick milk market. The market is likely to see an increasing demand for premium and specialized thick milk products, driving price points and overall market valuation upwards. Furthermore, sustainability and ethical sourcing are gaining traction, influencing consumer purchasing decisions and presenting opportunities for companies committed to responsible dairy production.