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The Non-Dairy Milk Market report segments the industry into Product Type (Almond Milk, Cashew Milk, Coconut Milk, Hazelnut Milk, Hemp Milk, Oat Milk, Soy Milk), Distribution Channel (Off-Trade, On-Trade), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report includes Market Size in Value in USD and Volume, Forecasts up to 2030, and Analysis of Growth Prospects.
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Global Cell Based Milk Market was valued at USD 450.56 Million in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 8.77% through 2029.
Pages | 185 |
Market Size | USD 1.76 Billion |
Forecast Market Size | USD 2.90 Billion |
CAGR | 8.77% |
Fastest Growing Segment | Human Breast Milk |
Largest Market | North America |
Key Players | 1. Wilk Technologies Ltd. 2. TurtleTree Labs Pte. Ltd. 3. BIOMILQ, Inc. 4. Calidad Pascual S.A.U. 5. Nestlé S.A. 6. BetterMilk Inc. 7. Opalia Co. 8. Perfect Day, Inc. 9. Formo Foods (Legendairy Foods) 10. Better Dairy |
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The Chocolate Milk Market report segments the industry into Type (Dairy Based Chocolate Milk, Non-Dairy Based Chocolate Milk), Distribution Channel (Supermarket/Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report provides historical market data and forecasts for the next five years.
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The global fluid milk market size reached USD 188.4 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 222.7 Billion by 2033, exhibiting a growth rate (CAGR) of 1.82% during 2025-2033. The market is experiencing steady growth driven by the escalating demand for functional and fortified milk products enriched with vitamins, minerals, and probiotics, rapid urbanization, and development of lactose-free and plant-based milk alternatives for catering to individuals with dietary restrictions or lactose intolerance.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024
| USD 188.4 Billion |
Market Forecast in 2033
| USD 222.7 Billion |
Market Growth Rate 2025-2033 | 1.82% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2025-2033. Our report has categorized the market based on type, packaging material, and distribution channel.
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According to Cognitive Market Research, the global Milk Market size will be USD 951245.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 380498.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 285373.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 218786.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 47562.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 19024.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The Liquid milk category is the fastest growing segment of the milk industry
Market Dynamics of Milk Market
Key Drivers for Milk Market
Growing Adoption of Lactose-Free Goods to Boost Market Growth
The market for milk is expanding due in large part to the growing demand for lactose-free products. More customers are looking for dairy product substitutes as they become more aware of lactose intolerance and dairy allergies. For those who find that drinking ordinary milk causes pain or digestive problems, lactose-free milk provides an alternative. Dairy producers are being encouraged by this increasing demand to create and broaden their product ranges of lactose-free milk, cheese, and Yoghurt. Furthermore, because lactose-free milk is frequently promoted as being simpler to digest, it appeals to both people who are lactose intolerant and health-conscious shoppers looking for goods that might have different digestive advantages. In line with a larger movement toward inclusive food alternatives and tailored nutrition, the trend for lactose-free products supports the dairy industry's and the milk market's steady expansion. The advent of creative dairy substitutes that satisfy lactose-sensitive consumers supports this trend.
Raising Awareness of Nutrition and Health to Drive Market Growth
Dairy products' high calcium content and support of bone growth and health make them essential components of a balanced diet. Dairy products also contain important amounts of protein, vitamins (such B12 and D), and minerals (including magnesium and potassium). Global dairy demand is rising as people seek out healthy, nutrient-dense foods and become more health conscious. Additionally, the market dynamics are being shaped by the growing demand for plant-based and lactose-free dairy substitutes as a result of increased knowledge of lactose intolerance and milk allergies. To meet the need for functional foods that promote general well-being, dairy companies in the sector are also reacting by adding extra nutrients to their products.
Restraint Factor for the Milk Market
Concerns associated with Food Safety, will Limit Market Growth
The milk market is significantly hampered by worries about food safety. Problems with bacterial development, contamination, and inappropriate handling can endanger public health and erode customer trust. Salmonella, Listeria, and E. coli are among the bacteria that can cause serious health problems when they contaminate milk. Additionally, consumers are skeptical due to worries about the use of hormones and antibiotics in dairy farming. To handle these issues, strict laws and quality control procedures are necessary, yet any violations of safety standards can result in product recalls, harm to one's reputation, and monetary losses. Because of this, issues with food safety continue to impede the expansion of the milk market, necessitating constant attention to production procedures.
Impact of Covid-19 on the Milk Market
The worldwide milk market was greatly affected by the COVID-19 epidemic, which caused supply chains to break down and had an effect on both production and consumption. Some areas saw lower milk production due to lockdowns and labor shortages, and distribution was hampered by delayed transit. While ret...
According to our latest research, the global lactose-free milk market size reached USD 14.3 billion in 2024, driven by rising lactose intolerance awareness and increasing demand for functional dairy alternatives. The market is experiencing robust expansion at a CAGR of 7.1% and is forecasted to reach USD 26.7 billion by 2033. This impressive growth is primarily fueled by shifting consumer preferences toward health-conscious products, expanding product portfolios, and advancements in food processing technologies.
One of the foremost growth factors propelling the lactose-free milk market is the rising prevalence of lactose intolerance worldwide. As per recent epidemiological studies, more than 65% of the global population exhibits some degree of lactose malabsorption, particularly in regions such as Asia Pacific, Africa, and South America. This demographic trend has significantly influenced consumer purchasing behavior, with a marked shift toward lactose-free dairy alternatives. Additionally, growing public awareness campaigns about digestive health and the adverse effects of lactose consumption have further accelerated market demand. Food manufacturers and dairy processors are responding to this trend by introducing innovative lactose-free milk variants, tailored to meet the nutritional needs and taste preferences of a diverse consumer base.
Another critical driver for the lactose-free milk market is the expanding distribution network and availability of lactose-free products across multiple retail channels. The proliferation of supermarkets, hypermarkets, online stores, and specialty outlets has made it easier for consumers to access a wide range of lactose-free milk products. E-commerce platforms, in particular, have played a pivotal role in boosting sales, providing consumers with greater convenience, better price transparency, and access to a broader product selection. The integration of advanced supply chain technologies and cold chain logistics has also ensured the freshness and safety of lactose-free milk, further enhancing consumer trust and market penetration.
Product innovation and diversification are also contributing to the sustained growth of the lactose-free milk market. Leading dairy companies are investing heavily in research and development to create new product variants, such as flavored and organic lactose-free milk, fortified with additional nutrients like calcium, vitamins, and probiotics. These value-added offerings cater to health-conscious consumers seeking functional foods that support overall wellness. Moreover, the rise of plant-based and clean-label trends has led to the introduction of organic and minimally processed lactose-free milk options, appealing to environmentally aware and ethically driven consumers. Such innovations not only expand the consumer base but also position lactose-free milk as a premium segment within the broader dairy market.
Regionally, the lactose-free milk market exhibits varying degrees of maturity and growth potential. North America and Europe continue to dominate the market due to high consumer awareness, advanced dairy processing infrastructure, and strong retail networks. However, the Asia Pacific region is emerging as a lucrative growth frontier, fueled by rising disposable incomes, urbanization, and increasing diagnosis rates of lactose intolerance. Latin America and the Middle East & Africa are also witnessing steady growth, supported by evolving dietary patterns and the entry of international dairy brands. The regional dynamics of the market are shaped by cultural dietary habits, regulatory frameworks, and the pace of urbanization, with each region presenting unique opportunities and challenges for market participants.
The lactose-free milk market is segmented by product type into regular lactose-free milk, flavored lactose-free milk, organic lactose-free milk, and others. Regular lactose-free milk continues to command the largest share of the market, as it closely mimics the taste and nut
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The global coconut milk market is set to experience consistent expansion from USD 1.3 billion in 2025 to USD 2.4 billion by 2035, reflecting a CAGR of 8.5% during the forecast period.
Attribute | Details |
---|---|
Market Size (2025E) | USD 1.3 billion |
Market Size (2035F) | USD 2.4 billion |
CAGR (2025 to 2035) | 8.5% |
Semi-Annual Market Update
Particular | H1 |
---|---|
Year | 2024 to 2034 |
CAGR | 6.0% |
Particular | H2 |
---|---|
Year | 2024 to 2034 |
CAGR | 6.4% |
Particular | H1 |
---|---|
Year | 2025 to 2035 |
CAGR | 6.1% |
Particular | H2 |
---|---|
Year | 2025 to 2035 |
CAGR | 6.5% |
Country-wise Insights
Country | CAGR (2025 to 2035) |
---|---|
USA | 6.3% |
UK | 5.1% |
China | 7.6% |
Germany | 2.7% |
Japan | 5.3% |
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The global market size of Milk is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Milk Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Milk industry. The key insights of the report:
1.The report provides key statistics on the market status of the Milk manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Milk industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Milk Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Milk as well as some small players. At least 17 companies are included:
* Nestle
* Danone
* Arla Foods
* Mengniu Dairy
* Lactalis
* Dairy Farmers of America
For complete companies list, please ask for sample pages.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share
For product type segment, this report listed main product type of Milk market
* Yogurt
* Probiotic Milk
* Pure Milk
* Others
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Online
* Offline
For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.
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The Milk Market size was valued at USD 276.2 Billion in 2024 and is anticipated to reach USD 375.4 Billion by 2031, growing at a CAGR of 4.1% from 2024 to 2031.
Global Milk Market Drivers
Increased Demand for Milk and Dairy Products: The global demand for milk and milk-based products is rising, driven by population growth, urbanization, and higher disposable incomes. According to the Food and Agriculture Organization (FAO), world milk output grew by 4% between 2016 and 2017, reaching 811 million tons in 2017, indicating a consistent upward trend in production.
Health Consciousness: Growing awareness of the health benefits associated with milk consumption, such as its nutritional value and role in a balanced diet, is propelling market Many consumers are increasingly incorporating milk and dairy products into their diets for their protein, calcium, and vitamin content.
Rising Popularity of Lactose-Free Products: The increasing prevalence of lactose intolerance has led to a surge in demand for lactose-free and low-lactose dairy products. This trend is supported by the introduction of innovative dairy alternatives that cater to lactose-sensitive consumers.
Expansion of Retail Distribution Channels: The growth of supermarkets, hypermarkets, and online retail platforms has made milk and dairy products more accessible to In 2023, supermarkets held a 55% share of the global dairy products market, facilitating easier access to a variety of milk products.
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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 revenue in the 'Milk' segment of the food market in Mexico was forecast to continuously increase between 2025 and 2030 by in total *** billion U.S. dollars (+***** percent). After the ***** consecutive increasing year, the revenue is estimated to reach **** billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Milk' segment of the food market was continuously increasing over the past years.Find further information concerning the revenue in the 'Vegetables' segment of the food market in India and the volume in the 'Milk' segment of the food market in Finland. The Statista Market Insights cover a broad range of additional markets.
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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% |
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For the fifth consecutive year, the global whole fresh milk market recorded growth in sales value, which increased by 5% to $826.8B in 2024. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is likely to continue growth in the near future.
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The Ultra-High Temperature milk market is expected to grow at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2025 until 2035. It will expand from its 2025 value of USD 77,629.5 million to USD 136,421.7 million by 2035.
Key Market Metrics
Metric | Value |
---|---|
Industry Size (2025E) | USD 77,629.5 million |
Industry Value (2035F) | USD 136,421.7 million |
CAGR (2025 to 2035) | 5.8% |
Country-Wise Outlook.
Country | CAGR (2025 to 2035) |
---|---|
USA | 5.6% |
Country | CAGR (2025 to 2035) |
---|---|
UK | 5.4% |
Region | CAGR (2025 to 2035) |
---|---|
European Union | 5.8% |
Country | CAGR (2025 to 2035) |
---|---|
Japan | 5.2% |
Country | CAGR (2025 to 2035) |
---|---|
South Korea | 6.0% |
Segmentation Outlook
Product Type | Market Share (2025) |
---|---|
Whole Milk | 45.8% |
Form Type | Market Share (2025) |
---|---|
Liquid | 69.4% |
Competitive Outlook
Company Name | Estimated Market Share (%) |
---|---|
Nestlé S.A. | 20-24% |
Lactalis Group | 15-19% |
Danone S.A. | 12-16% |
Friesl and Campina N.V. | 8-12% |
Fonterra Co-operative Group | 5-9% |
Other Companies (combined) | 30-40% |
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The global fluid milk market size was valued at approximately $200 billion in 2023 and is projected to reach around $275 billion by 2032, growing at a CAGR of 3.6% during the forecast period. The significant growth factor driving this market is the increasing global population coupled with a rising demand for nutritious beverages. As milk is primary source of essential nutrients like calcium and vitamin D, it maintains a stable demand across diverse demographic and geographic segments. Moreover, increasing health consciousness among consumers is leading to a preference for dairy products, which further propels market growth.
Advances in milk production techniques, alongside innovations in dairy farming and herd management, are significantly contributing to the growth of the fluid milk market. Improved breeding practices and feed quality enhancements are leading to higher milk yields per cow, thus increasing the overall supply availability. Additionally, technological development in processing and packaging has improved shelf-life and safety profiles of milk, making it more appealing to health-conscious consumers. These advancements, combined with growing urbanization, particularly in developing regions, support steady expansion within the market.
The rise of flavored and organic milk varieties is another vital growth factor in the fluid milk market. Consumers are increasingly seeking diverse and health-oriented options within the dairy sector. Flavored milk, for instance, is gaining traction amongst younger consumers for its taste variety, while organic milk is appealing to those concerned with environmental sustainability and health benefits. This increasing diversification of milk products is not only responding to consumer demands but also opening up new revenue streams and market segments, thus driving the market forward.
Furthermore, the fluid milk market is experiencing growth driven by changing dietary patterns and an increased focus on protein-rich diets. The role of milk as a versatile ingredient in food service industries, ranging from coffee houses to fine dining restaurants, highlights its sustained relevance in modern diets. As consumers continue to prioritize nutritional value in their food choices, milk's high-quality protein and nutrient profile ensures its position as a staple in many diets worldwide, which in turn supports the market growth across various regions and demographics.
Regionally, the Asia Pacific leads in fluid milk consumption and production, driven by its large population base and increasing disposable incomes. North America and Europe, while mature markets, continue to show steady demand due to established dairy consumption habits and a growing trend toward organic and specialty dairy products. In Latin America and the Middle East & Africa, rising urbanization and increasing western influence on dietary habits are leading to greater acceptance and consumption of milk and dairy products. This regional diversification ensures a balanced growth trajectory for the global fluid milk market.
The product type segment of the fluid milk market includes whole milk, skim milk, flavored milk, organic milk, and others. Whole milk remains a staple choice for many consumers due to its rich taste and nutritional benefits, including its higher fat content which is associated with better flavor. The demand for whole milk continues to be strong, particularly among families and traditional markets that prioritize taste and nutrition. Moreover, consumers who prefer natural and less processed dairy options often opt for whole milk, thereby sustaining its market relevance.
Skim milk, on the other hand, is favored by health-conscious consumers and those seeking to reduce their fat intake. This type of milk is popular in regions where health and wellness trends are prevalent, such as North America and parts of Europe. The rise in prevalence of obesity and cardiovascular diseases has further propelled the preference for skim milk, as it offers the nutritional benefits of milk without the associated high-fat content. Skim milk's versatility in cooking and its suitability for people with specific dietary needs also contribute to its steady demand.
Flavored milk is experiencing growing popularity, particularly among younger demographics and the millennial population. Innovations in flavors and packaging are making flavored milk more appealing as a convenient, on-the-go beverage option. This segment is seeing rapid growth in urban areas where lifestyle and
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The UHT (Ultra-High Temperature) Milk market is witnessing significant growth, with a market size estimated at USD 57.2 billion in 2023 and projected to reach USD 89.6 billion by 2032, reflecting a robust CAGR of 5.2% during the forecast period. This upward trend is largely driven by increasing consumer demand for convenience and extended shelf life in dairy products, which is a result of the busy lifestyles prevalent in urban areas. The various factors contributing to the growth of this market include technological advancements in processing techniques, rising health consciousness among consumers, and increasing globalization and exposure to Western culture and dietary habits. These aspects collectively drive the demand for UHT milk, making it a staple in many households and industries worldwide.
One of the primary growth factors of the UHT milk market is the increasing global demand for long-life dairy products. As urbanization continues to accelerate, particularly in emerging economies, consumers are increasingly seeking products that are both convenient and easy to store. UHT milk, with its extended shelf life and reduced need for refrigeration, fits these needs perfectly. Furthermore, UHT processing, which involves heating milk at high temperatures to kill bacteria and enzymes, ensures that the milk remains safe for consumption for several months without preservatives. This has made UHT milk particularly popular in regions that face logistical challenges in the cold supply chain, enhancing its market penetration and appeal.
Another significant driver is the growing health awareness among consumers, which has led to increased consumption of milk as a source of essential nutrients. UHT milk offers the same nutritional benefits as fresh milk, making it an attractive option for health-conscious consumers. Additionally, the UHT process does not significantly affect the milk’s nutritional content, retaining its proteins, vitamins, and minerals. This nutritional equivalence, coupled with the convenience of UHT milk, is encouraging more consumers to make the switch. Moreover, with the popularity of on-the-go food and beverage products, UHT milk’s packaging options, such as cartons and bottles, cater well to this trend, further propelling market growth.
The rise of e-commerce and online retail channels has also significantly contributed to the growth of the UHT milk market. As consumers increasingly turn to online shopping for their grocery needs, the availability of UHT milk through these platforms has expanded its accessibility and convenience. Retailers and manufacturers are increasingly partnering with e-commerce platforms to reach a broader consumer base, offering competitive pricing and promotions that attract buyers. This shift towards digital sales channels has proven to be advantageous, particularly in light of the COVID-19 pandemic, which has accelerated the adoption of online shopping habits. The ease of home delivery and the ability to stockpile due to the long shelf life of UHT milk has further cemented its position in the market.
Regionally, Europe holds a significant share in the UHT milk market, driven by high consumption levels in countries like France, Spain, and Italy, where UHT milk is a staple in households. The Asia Pacific region is expected to exhibit the highest growth rate, with a CAGR of 6.0% over the forecast period, driven by rising disposable incomes and changing dietary habits in countries like China and India. In contrast, North America maintains a steady growth pattern, influenced by increasing demand for organic and specialty UHT milk varieties. The market in Latin America and the Middle East & Africa is also growing, supported by improving distribution networks and rising consumer awareness. These regional dynamics highlight the diverse factors influencing the UHT milk market across the globe.
The UHT milk market is segmented by product type into whole UHT milk, semi-skimmed UHT milk, skimmed UHT milk, and flavored UHT milk, each catering to different consumer preferences and dietary requirements. Whole UHT milk, which contains higher fat content, remains a popular choice among consumers who prefer a creamier taste and are less concerned about fat intake. It is particularly favored in regions with traditional dietary preferences that emphasize rich, full-bodied milk. Whole UHT milk also appeals to the food service industry, where it is used in various culinary applications requiring richness in flavor and texture.
Semi-skimmed and skimmed UHT milk variants cater to the growing seg
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The Condensed Milk Market is Segmented by Product Type (Dairy and Non-Dairy/Plant-Based); Category (Sweetened Condensed Milk and Unsweetened Evaporated Milk), Packaging Type (Cans, Tubes, Bottles and Pouches, Cartons, and Others); Distribution Channel (Retail, Foodservice, and Industrial); and Geography (North America, Europe, Asia-Pacific, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).
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Global Evaporated Milk Market was valued at USD 5.66 billion in 2023 and is expected to grow to USD 6.58 billion by 2029 with a CAGR of 2.54% during the forecast period.
Pages | 182 |
Market Size | 2023: USD 5.66 Billion |
Forecast Market Size | 2029: USD 6.58 Billion |
CAGR | 2024-2029: 2.54% |
Fastest Growing Segment | Online |
Largest Market | Europe |
Key Players | 1. Nestlé S.A. 2. Dana Dairy Group LTD 3. Arla Foods amba 4. Fraser and Neave, Limited 5. Alaska Milk Corporation 6. Yotsuba Milk Products Co., Ltd. 7. Royal FrieslandCampina N.V 8. Delta Food Industries FZC 9. Alokozay Group 10. Eagle Family Foods Group LLC |
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North America Concentrated Milk Market was valued at USD 1.40 Billion in 2024 and is expected to reach USD 1.91 Billion by 2030 with a CAGR of 4.73% during the forecast period.
Pages | 122 |
Market Size | 2024: USD 1.40 Billion |
Forecast Market Size | 2030: USD 1.91 Billion |
CAGR | 2025-2030: 4.73% |
Fastest Growing Segment | Evaporated Milk |
Largest Market | United States |
Key Players | 1. Nestle S.A. 2. Eagle Family Foods, LLC 3. Dairy Farmers of America, Inc. 4. Santini Foods, Inc. 5. Saputo Inc. 6. O-AT-KA Milk Products Cooperative, Inc. 7. Parmalat Canada Inc. 8. Goya Foods, Inc., 9. Organic Valley 10. Aurora Organic Dairy |
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Global Sesame Milk Market was valued at USD 5.65 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.8% through 2029
Pages | 181 |
Market Size | 2023: USD 5.65 Billion |
Forecast Market Size | 2029: USD 7.45 Billion |
CAGR | 2024-2029: 4.8% |
Fastest Growing Segment | Online |
Largest Market | North America |
Key Players | 1. Danone S.A (So Delicious Dairy Free) 2. Good Karma Foods, Inc. 3. Rude Health Ltd 4. Three Trees Organics, LLC 5. MALK Organics LLC 6. Earth’s Own Food Company Inc. 7. Forager Project LLC 8. Red Bull GmbH 9. Nurture Brands Ltd (Rebel Kitchen) 10. Planting Hope Company, Inc |
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The Non-Dairy Milk Market report segments the industry into Product Type (Almond Milk, Cashew Milk, Coconut Milk, Hazelnut Milk, Hemp Milk, Oat Milk, Soy Milk), Distribution Channel (Off-Trade, On-Trade), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The report includes Market Size in Value in USD and Volume, Forecasts up to 2030, and Analysis of Growth Prospects.