The global A2 milk market size is expected to reach US$ 25.04 billion by 2030 from USD 8.21 billion in 2020 and is expected to grow at an impressive double-digit rate of 18.6% from 2021 to 2030.
The study includes drivers and restraints of this market.
The study provides an analysis of the global A2 milk Market for the period
2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered
as the base year.
Why should you invest in this report?
If you are aiming to enter the global A2 milk Market, this
report is a comprehensive guide that provides crystal clear insights into this
niche market. All the major application areas for A2 milk are covered in this
report and information is given on the important regions of the world where
this market is likely to boom during the forecast period of 2021-2030, so that
you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp
of the level of competition you will be facing in this hugely competitive
market and if you are an established player in this market already, this report
will help you gauge the strategies that your competitors have adopted to stay
as market leaders in this market. For new entrants to this market, the
voluminous data provided in this report is invaluable.
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Growth Factors
Research studies have shown increase in gastrointestinal related problems in some people on consuming A1 beta casein containing milk. Also, the consumption of A2 milk indicated minimal or no gastrointestinal problems or discomfort. A2 milk is easily digested as compared to A1 milk, and thus is being wide preferred over A1 milk across the globe leading to market growth. A2 milk has nutritional benefits such as higher protein content, easy digestibility, rich source of calcium, essential vitamins and minerals etc. and is also free of antibiotics and hormones. Due to such health advantages a surge in demand for A2 milk is being observed globally. Also increasing health awareness and growing disposable income has led to preference for A2 milk over conventional milk. A2 milk is also being preferred for manufacturing other dairy products as well as infant formula due to easy digestibility and other health benefits. The increasing demand for dairy products thus augments the demand for A2 milk globally.
Report Highlights
- Among the A2 milk form segment, liquid dominated the overall market in 2020. High consumption rate and convenience are the foremost factors attributing to its large market share.
- The milk-based beverages segment accounted for the major share of revenue in the application segment with more than 45% share in 2020 due to high use of A2 milk in the manufacturing of beverages. Infant formula segment is anticipated to grow at the uppermost CAGR through the forecast duration.
- Carton packaging accounted for the largest revenue in the packaging segment. Low cost and ease of transportation is the key reason for high market share. The use of environment-friendly raw materials for the production of cartons is expected to assist the packaging type to retain its market dominance.
- The a2 Milk Company Limited and Fonterra accounted for a significant share of the global A2 milk market in 2020.
Regional Analysis:
The report includes information for Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. In 2020, the Asia Pacific region dominated the worldwide market with a market share of higher than 41%. China and India indicated the highest slice in Asia Pacific principally due to increasing health awareness. Moreover, rising disposable income also supported the high market portion of the African region.
Europe was the subsequent significant market chiefly due to presence of highly developed dairy industry. Growing use of A2 milk in bakery and confectionary products in the European region is also expected to boost the demand for A2 milk in the anticipated time-span. The Asia Pacific region is projected to grow at the highest CAGR of around 18.5% in the estimate period. Africa, Latin America, and Middle Eastern regions are expected to display noticeable growth in the forecast duration.
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Key Market Players and Strategies
Increased spending on research and development along with mergers, acquisition, and collaborations are the important strategies taken up by manufacturers operational in the global A2 milk market. Moreover, leading companies are investing heavily on research for the development of new processing methods. In January 2021, A2 Milk Co. broadcasted the completion of a due diligence procedure for the acquisition of a controlling interest in Mataura Valley Milk.
Major Market Segments Covered:
- Powder
- Liquid
By Application
- Infant Formula
- Milk-based Beverages
- Bakery & Confectionery
- Dairy Products
By Packaging
- Carton Packaging
- Glass Bottles
- Cans
- Plastic Pouches & Bottles
By Distribution Channel
- Online Stores
- Grocery and Convenience Stores
- Hypermarkets and Supermarkets
- Others
Regional Analysis:
The geographical analysis of the global A2 milk Market has
been done for North America, Europe, Asia-Pacific, and the Rest of the
World.
The North American market is again segmented into the US,
Canada, and Mexico. Coming to the European market, it can be segmented further
into the UK, Germany, France, Italy, Spain, and the rest. Coming to the
Asia-Pacific, the global A2 milk Market is segmented into China, India, Japan,
and Rest of Asia Pacific. Among others, the market is segmented into the Middle
East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East
& Africa).
Key Questions Answered by the Report:
- What
will be the size of the global A2 milk Market in 2030?
- What
is the expected CAGR for the A2 milk Market between 2021 and 2030?
- Which
are the top players active in this global market?
- What
are the key drivers of this global market?
- How
will the market situation change in the coming years?
- Which
region held the highest market share in this global market?
- What
are the common business tactics adopted by players?
- What
is the growth outlook of the global A2 milk Market?
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