Wilmington, Delaware, United States, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global A2 milk market is projected to flourish at a CAGR of 10.2% from 2021 to 2028. As per the report published by TMR, a valuation of US$ 4.5 billion is anticipated for the market in 2028. As of 2023, the market for A2 milk is expected to close at US$ 2.7 billion.
The increasing consumer awareness and increased focus on health and wellness, the demand for A2 Milk has increased significantly as A2 milk is seen as a healthier alternative to traditional milk due to its perceived digestive benefits, which has contributed to its market growth.
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Competitive Landscape
Companies are focusing more on R&D activities to introduce new flavors into the market. Besides that, A2 milk industry players are expanding their product portfolios by increasing their global operations and fortifying their distribution channels. Transparency Market Research has profiled the following players in its global A2 Milk market report:
- The A2 Milk Company Limited
- FREEDOM FOODS GROUP LIMITED
- Fonterra Cooperative Group Limited
- Vietnam Dairy Products Joint Stock Company
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Provilac Dairy Farms Private Limited
- Vedaaz Organics Pvt. Ltd.
- Ratnawali Dairy Products LLP
- Erden Creamery Private Limited
Key Developments in the A2 Milk Market
- In March 2020 - The a2 Milk Company, an innovative dairy nutrition company that helps people live better lives by utilizing the benefits of the A2 protein, is pleased to announce a licensing agreement that will allow the expansion of a2 Milk® into Canada.
- Ratnawali Dairy Products LLP has established itself as a producer of the best quality A2 milk and milk products in the market with a diverse portfolio under “Dhenusaar” brand. With substantial evolution in the procurement, processing, and production methods for its milk-based products, the quality-conscious company has emerged as a renowned and reliable provider of quality A2 milk products under the Dhenusaar brand
The rising lactose intolerance or sensitivity issues, there is a growing demand for dairy products that are easier on the digestive system. A2 milk is often marketed as a solution for individuals with lactose intolerance because it is thought to be more easily digestible. This in turn is expected to boost the market growth during the forecast period.
Easy availability of A2 milk in various forms, including milk, yogurt, cheese, and infant formula. This diversification of products has expanded its appeal to a wider range of consumers, including those seeking dairy alternatives for different culinary applications, drives the market demand.
Key Takeaways from the Market Study
- As of 2022, the A2 milk market was valued at US$ billion
- By application, the infant formula segment enjoys high demand, accumulating a high revenue share during the forecast period, A2 milk can be used as alternative milk for infants.
- Based on form, the liquid segment is anticipated to dominate the industry during the forecast period
- Based on packaging, the glass bottles segment is expected to generate high revenue during the forecast period, due to the increased demand for eco-friendly options.
A2 Milk Market: Key Trends and Opportunistic Frontiers
- The A2 milk market has benefited from the rise in popularity of dairy alternatives like almond milk, soy milk, and oat milk and increasing consumer awareness of potential health benefits associated with A2 milk.
- Increased the availability of A2 milk in mainstream supermarkets, further fueling its growth.
- Increasing dairy consumption particularly in Asia, due to changing dietary habits and increasing disposable income. A2 milk has gained popularity in these regions as a premium dairy product.
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A2 Milk Market – Regional Analysis
- North America remains one of the leading markets of the A2 milk industry, throughout the forecast period. the increasing consumer interest in lactose-free and easier-to-digest dairy options and increased demand from countries like the United States and Canada drive the market growth in the region.
- Asia Pacific is anticipated to hold the largest A2 Milk market share during the forecast period owing to the strong coffee culture, with a high demand for coffee servers in both residential and commercial settings. The increasing demand for quality coffee and reliable coffee-serving solutions, drive the market demand in the region.
A2 Milk Market – Key Segments
Nature
- Organic
- Conventional
Form
- Liquid
- Powder
Packaging
- Glass Bottles
- Plastic Bottles & Pouches
- Carton Packaging
Cans
Application
- Infant Formula
- Dairy Products
- Butter
- Cheese
- Yogurt
- Milk Powder
- Ice Cream
- Others
- Bakery & Confectionery
- Milk & Milk-based Beverages
Distribution Channel
- B2B
- B2C
- Store-based Retailing
- Hypermarkets/Supermarkets
- Grocery Stores
- Convenience Stores
- Speciality Stores
- Online Retailing
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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