Yahoo Finance A2 Milk Market Size to Reach USD 26.9 Billion by 2030 at 18.94% CAGR - Report by Market Research Future (MRFR)
A2 Milk Market Size and Trends by Category (Guernsey, Jersey, Holstein, Brown Swiss), Packaging Type (Bottles, Cartons, Others), Distribution Channel (Store-Based & Non-Store-Based), and Region - Forecast till 2030.
New York, US, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Market Overview
According to a Comprehensive Research Report by Market Research Future (MRFR), “A2 Milk Market Information by Category, Packaging Type, Distribution Channel, and Region- Forecast till 2030”, the market is estimated to acquire a size of over USD 26.9 Billion by the end of 2030. The report further predicts the market to thrive at a healthy CAGR of over 18.94% during the review timeframe.
Market Scope:
Because it has been demonstrated to be abundant in proteins, minerals, and vitamins, among other things, A2 Cow Milk has recently grown in popularity due to its health and nutritional benefits. Milk from different species may not always contain the same nutrients. In truth, A2 milk differs fundamentally and structurally in several important ways. A2 milk can be used in place of regular cow's milk. Emerging evidence suggests that A2 milk is less likely to produce stomach pain in adults and preschoolers.
A1 beta-casein is present in both forms of milk, however A2 milk only contains A1 beta-casein when compared to ordinary milk. A2 milk is typically good for overall health, while A1 milk has been connected to several health problems. Due to a genetic mutation, A2 milk is produced only by cows who naturally generate A2 beta-casein, as opposed to the majority of cows that produce a mixture of the two.
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Report Scope:
Report Attribute | Details |
2030 Market Size | USD 26.9 Billion |
CAGR | 18.94% (2021–2030) |
Base Year | 2020 |
Forecast Period | 2021-2030 |
Historical Data | 2019 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | by Category, Packaging Type, Distribution Channel |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Market Drivers | increasing health-consciousness among consumers |
rising demand for A2 Milk in infant formulas |
Competitive Dynamics:
Up-and-coming worldwide firms and regional challengers are focusing on cutting-edge strategies like product development, joint ventures, technological advancements, mergers and acquisitions, partnerships and alliances, and more in order to speed up the market's growth during the research period. Currently, a number of significant market players control a sizable share of the global industry. In the global market, the competitive major market players are:
The A2 Milk Company Limited
Nestlé S.A.
Provilac Dairy Farms Pvt. Ltd
Olivia Foods Pvt. Ltd
Ripley Farms LLC
Freedom Foods Group Limited
Taw River Dairy
Vinamilk
Urban Farms Milk
Gujarat Cooperative Milk Marketing Federation Ltd.
Market Dynamics:
Market Drivers:
Consumers' rising health consciousness is fueling the A2 Milk Market's expansion during the anticipated term. Additionally, the growing demand for A2 Milk in newborn formulae drives broad-based global market expansion. The benefits that functional drinks provide for digestion have recently raised the demand for them.
Additionally, customers' preferences for a2 milk are developing as a result of rising market demand, rising consumer health consciousness, and rising product awareness & information through marketing. The global A2 Milk Market will benefit from these lucrative chances. A2 milk is now being offered by manufacturers as an improved alternative to regular milk. Industry executives contend that regular milk intake in Western countries is to blame for the prevalence of chronic diseases like diabetes and heart disease. According to a few research, lactose intolerant people might be able to digest A2 milk. In the years to come, it is anticipated that new products like A2 milk in varieties with reduced fat, fat-free, and sugar-free options will assist fuel market expansion.
Consumer demand for organic drinks is also rising, particularly those without additives or preservatives, with clearer labelling, traceable ingredients, and without genetically modified organisms (GMOs). For the participants and producers in the global A2 Milk Industry, this might be one of the biggest opportunities.
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Market Restraints:
Over the course of the study period, market growth is anticipated to be hampered by the demand and supply imbalance.
COVID-19 Analysis:
A2 Milk Market Trends was one of the recent markets to be negatively impacted by the unexpected global epidemic. Raw materials for packaging, production, and shipping have stopped being sourced because of the unexpected lockdown of numerous nations. The value chain and supply chain have been disrupted as a result of the global market. The demand for dairy products has declined at this time.
Due to the ongoing efforts of industry participants and manufacturers, the current state of the worldwide market is demonstrated to be steady. The greater A2 Milk Industry Revenue in the review period is anticipated to be accounted for in the current context by the global market.
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Market Segmentation:
By Category
Due to its high CAGR of USD 3,948.6 million throughout the A2 Milk Industry Forecast period, the Holstein segment is anticipated to maintain its dominant position. Because Holstein cows are regarded as the world's top producers of milk, this market is expanding.
By Distribution Channel
By increasing the A2 Milk Market Size during the course of the research period, the store-based category is predicted to maintain its leadership position in the sector. The supermarkets and hypermarkets segment is driving its growth as a result of its diverse selection of enticing plant-based products and extensive exposure. Additionally, it encourages customers to investigate new options.
By Packaging Form
By producing the largest A2 Milk Market Share in 2019, the carton segment was predicted to dominate the global market. This market is expanding because it offers clients convenience and safety while paying cheaper delivery costs and enabling products to have a long shelf life. Additionally, the carton category is anticipated to hold a larger A2 Milk Market Share during the projection period as a result of expanding consumer demand.
Regional Analysis:
The greatest A2 Milk Market Size was anticipated to be held by the Asia-Pacific region in 2017 at 40.88%, and it is anticipated that this market would continue to grow significantly over the course of the research period. The Indian market in this area experienced the biggest growth over the assessment period, at 15.3%. Additionally, due to the region's advanced economies, Australia & New Zealand is anticipated to hold the largest market share during the study period.
Due to the presence of cutting-edge dairy infrastructure, Europe registered the second-highest share. Due to higher expenditure on high-end food items, more awareness of healthy food options, and an increase in lactose intolerance cases, North America is also predicted to experience substantial development.
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