Asia Pacific Milk Market was worth USD xx billion in 2022 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2028.
Milk is a white liquid which is produced by mammals in the mammary gland. It is the key source of nutrition in young mammals before they become capable of digesting other forms of food. Milk is consumed by about six billion people daily and about 750 million people in the world are employed in the milk industry alone.
Milk products are sold in a lot of varieties which is based on factors like age, additives, farming method, coagulation, fermentation, flavouring, fat content, homogenization and packaging among others. The composition of milk changes widely among various species in the parameters such as the amount of fats, sugars, proteins and various vitamins and minerals. Milk is known to be a wholesome diet which is known to offer various health benefits such as promotion of muscle growth and reduction of body fat, among others.
Drivers and Restraints:
The Asia Pacific Milk market is driven by factors like rising production of milk, rising awareness about healthy diets, rising population, growing disposable incomes and various flavours being available in the market among others. Some of the restraints which are faced by this market are perceived inhumane treatment of cattle in dairy farms and growing awareness about lactose intolerance.
Asia Pacific Milk Market Segmentation Analysis:
Asia Pacific Milk market is divided on the basis of customers into women, kids, youth, calorie conscious and health conscious segments. By type, the market is segmented into whole milk, toned milk, partly skimmed milk, skim milk, raw milk and others. By source, the market is categorised into cow, buffalo, goat, sheep, camel, donkey, horse, reindeer and yak. Cow segment is expected to have the largest market share.
The Asia Pacific Milk market is divided based on geography into India, China, Japan, Australia and other parts of the region. Asia Pacific has the second largest market for milk in the world by share and is also the fastest growing region. In the Asia Pacific region, India is the largest producer and consumer of milk. Factors such as rising disposable incomes and growing awareness about healthy foods is expected to propel the market growth in the region.
Key Players in the Market:
Major key players in the Asia Pacific Milk Market are
Some of the major players in the market include Amul, Arla Foods, Associated Milk Producers, Bright Food, Dairy Farmers of America, Darigold, Dean Foods, DMK Deutsches Milchkontor GmbH, FrieslandCampina, Groupe Even, Grupo Lala, Meg Milk Snow Brand, Meiji Dairies Corporation, Morinaga Milk Industry, Muller, Saputo, Sodiaal, Spoldzielnia Mleczarska Mlekovita, and Yili Group.
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