ROCKVILLE,
Md., June 18, 2024
/PRNewswire/ -- Preference for
UHT Milk Rising Due to its Low or No-fat Content, Appealing to
Health-conscious Consumers
According to a newly published research analysis
by Fact.MR, a market research and competitive intelligence
provider, the global UHT Milk Market is calculated to reach
a size of US$ 74 billion in
2024. Worldwide revenue from UHT milk sales is projected to climb
to US$ 138.9 billion by
2034-end.
Worldwide demand for skimmed UHT milk is
increasing at a noteworthy pace owing to its comparatively low or
no-fat content, which is making it an attractive choice among
health-conscious consumers who are seeking low-fat dairy products.
Moreover, calcium and vitamins present in skimmed milk make it a
preferred option in smart eating practices.
Sales of UHT milk in China are forecasted to accelerate at 6.5%
CAGR and reach US$ 15.2 billion by
2034-end. With more people joining the workforce daily, along with
an ever-increasing population, demand for UHT milk as a substitute
option for fresh milk is rising rapidly. Moreover, a high
inclination toward Western culture is also creating lucrative
opportunities for market players.
For More Insights into the Market, Request a Sample of this
Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=10197
Key Takeaway from Market Study:
- The global UHT milk market is forecasted to advance at 6.5%
CAGR from 2024 to 2034.
- Bottle-packed UHT milk is evaluated to account for 53.3% share
of global market revenue by the end of 2034.
- Worldwide sales of skimmed UHT milk are analyzed to rise at 7%
CAGR and reach US$ 63.4 billion by
2034-end.
- Demand for UHT milk in South
Korea is approximated to increase at a CAGR of 7.3% from
2024 to 2034.
- The market in Japan is
calculated to expand at 7% CAGR through 2034.
- North America is projected to
account for a 24.3% share of global market revenue by the end of
2034.
"Market players should look to invest in
technological advancements and offer UHT milk with more nutrients,
improved taste, and longer shelf life," says a
Fact.MR analyst.
Convenience and Reusability of
Bottle-packed UHT Milk
Worldwide demand for UHT milk in bottle packaging
is analyzed to accelerate at 6.4% CAGR and reach a market value of
US$ 74.1 billion by the end of 2034.
The growing popularity of bottle-packed UHT milk is because of its
convenience in use and reusability. Plastic or glass bottles are
widely used by manufacturers for the packaging of UHT milk.
Key Market Players:
Some of the leading manufacturers of UHT
milk are Nestlé SA,
Parmalat, Groupe Lactalis S.A., Fonterra Co-operative Group
Limited, Danone Limited, S.A.B. de CV, Grupo Lala, Amcor Ltd., Dairy Group (Pty) Ltd.,
Bemis Company, Arla Foods, Sonoco Products Company, Gujarat
Cooperative Milk, Mother Dairy, and Tetra Pack.
UHT Milk Market Outlook: North America and East Asia Poised for
Significant Growth by 2034
Fact.MR, a market research and competitive
intelligence provider, reveals in its newly updated study that
North America is expected to
contribute 24.3% of the global market share by 2034. The higher
spending capacity of Americans is driving increased sales of this
commodity. Additionally, the lower prices, easy availability, and
good nutritional value of UHT milk are boosting its growing
sales.
The United
States is projected to account for 45.6% of the North
American market revenue share by 2034. Logistical advantages, such
as the availability of suitable infrastructure for storing empty
packages flat until needed and eliminating the demand
for PVC or large glass cartons, make this packaging
method time- and space-efficient. The availability of various
packaging options also aids in the easy storage and transportation
of UHT milk, further expanding the market. Moreover, the rising
demand for UHT milk is due to its convenience and easy
availability.
China is
forecast to capture 47.5% of the market share in East Asia by the end of 2034. The increased
demand for UHT milk in China is
attributed to the gradual shift towards a working lifestyle and a
growing population. An inclination toward Western culture and
increased spending on premium products are creating lucrative
opportunities for UHT milk suppliers in China.
Japan is
expected to hold 29.4% of the East Asian market revenue share by
2034. UHT milk is popular as an alternative to regular milk due to
its longer shelf life and easy storage, making it a preferred
choice among more end users. Conventionally treated milk requires
an efficient and mobile cold storage chain, which is not needed
with UHT milk, adding to its appeal.
Get Customization on this Report for Specific Research
Solutions:
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More Valuable Insights
on Offer:
Fact.MR, in its new offering, presents an
unbiased analysis of the UHT milk market, presenting historical
demand data (2019 to 2023) and forecast statistics for the period
(2024 to 2034).
The study divulges essential insights into the
market based on type (full cream, skimmed, semi-skimmed), packaging
(cartons, bottles), form (powder, liquid), source (animal-based
[cow milk, goat milk, buffalo milk, other], plant-based [almonds,
coconuts, soy, other]), end-use application (infant formula, dairy
products [butter, cheese, yogurt, milk powder, ice cream, others],
bakery & confectioneries, milk & milk-based beverages,
retail sales), and distribution Channel (B2B, B2C [HORECA,
specialty stores, modern trade, convenience stores, grocery stores,
specialty food stores, online retailers, other distribution
channels]), across seven major regions of the world (North America, Latin
America, Western Europe,
Eastern Europe, East Asia, South
Asia & Pacific, and MEA).
Related Market Projections for 2034:
Plant-based Milk Powder Market is
projected to increase from a valuation of $425.3 million in 2024 to $896.5 million by 2034.
Organic Milk Market is predicted to expand
at a CAGR of 6.5% and reach a valuation of $319.36 million by 2033.
Food Retail Market is valued at
$12.6 trillion in 2024 and is
expected to grow at a CAGR of 5.5%, reaching $21.5 trillion by 2034.
Flavored Milk Market is forecasted to
progress at a CAGR of 7% to reach $12
billion by 2033.
Protein Supplements Market surging to
$41.1 billion by 2033 with a 6.3%
CAGR.
About Us:
Fact.MR is a distinguished market research
company renowned for its comprehensive market reports and
invaluable business insights. As a prominent player in business
intelligence, we deliver deep analysis, uncovering market trends,
growth paths, and competitive landscapes. Renowned for its
commitment to accuracy and reliability, we empower businesses with
crucial data and strategic recommendations, facilitating informed
decision-making and enhancing market positioning.
With its unwavering dedication to providing
reliable market intelligence, FACT.MR continues to assist companies
in navigating dynamic market challenges with confidence and
achieving long-term success. With a global presence and a team of
experienced analysts, FACT.MR ensures its clients receive
actionable insights to capitalize on emerging opportunities and
stay ahead in the competitive landscape.
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SOURCE Fact.MR