Published: November 2015 | Report Code: CP10474 | Available Format: PDF | Pages: 89
UHT Milk Market Overview
In terms of volume, the global UHT milk market is expected to grow from 65,161.0 million liters in 2014 to 106,312.3 million liters in 2020, progressing at a CAGR of 8.8% during 2015–2020. Limited refrigeration space, rising disposable income, adoption of Western culture, and low-priced private-label UHT milk offered by supermarkets and hypermarkets are the major factors driving the growth of the market across the globe.
On the basis of segment, the UHT milk market has been classified into whole, semi-skimmed, and skimmed. Among these, in terms of volume, the whole category held the largest share in the market in 2014. Toddlers less than 2 years of age are one of the ideal consumers for whole UHT milk, as it contains the essential nutrients for them to grow properly. Germany, Mexico, and Brazil are the key countries where the whole classification dominated the market in 2014.
Geographically, the UHT milk market has been categorized into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Among these, Europe held the largest share in the market in 2014 in terms of volume. This is attributed to the growing consumption of dairy products in n countries such as Germany, Belgium, and the Netherlands. Furthermore, the rising per capita consumption of dairy products and easy production and distribution of UHT milk compared to other regions are the other key factors supporting the growth of the market in Europe.
UHT Milk Market Dynamics
Earlier, milk was usually consumed during breakfast or dinner. However, in the past few years, a shift in dietary trends has led to its pervasive consumption. Presently, milk is consumed by individuals in schools, playgrounds, gymnasiums, and offices. The government in many countries have been providing milk to children for their growth. Athletes and businesspersons people carry milk with them in order to consume it on the go. This trend has affected the growth of the UHT milk market in a positive way, as it can be carried safely to places without the need for refrigeration.
A key driving factor driving the UHT milk market is the lack of refrigeration space. Refrigeration is essential for food products that have a higher propensity of bacterial development. Raw milk requires continuous refrigeration till its consumption. The high cost of refrigeration, low refrigeration space, and long power cuts in developing countries are some key factors encouraging customers to use food products that last long without refrigeration. UHT milk can be stored without refrigeration for up to nine months. Moreover, the underdeveloped cold storage infrastructure in developing countries also increases the importance of UHT milk.
UHT Milk Market Competitive Landscape
The UHT milk market is competitive in nature with the presence of a noticeable number of market players. Major players are currently focusing on several strategic developments in order to strengthen their presence. For instance, in September 2014, Parmalat, a subsidiary of Lactalis Group, signed a memorandum of understanding for the purchase of 11 dairy manufacturing plants (including UHT milk facilities) from Brazil-based company, BRF SA. The purchase also included the corresponding assets and trademarks of BRF SA.
Some of the major companies operating in the global UHT milk market include Nestle SA, Groupe Lactalis S.A., Fonterra Co-Operative Group Limited, Danone Limited, Grupo Lala, S.A.B. de CV, Sodiaal Group, Inner Mongolia Yili Industrial Group Co. Ltd., China Mengniu Dairy Company Limited, and Devondale Murray Goulburn Co-operative Co. Limited.
Key Questions Addressed/Answered in the Report
Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws