Fluid Milk Market Size, Share, Analysis, Report 2021-2026
Global Fluid Milk Market Report and Forecast 2021-2026
Market Outlook
According to Expert Market Report’s latest report, ‘Global Fluid Milk Market Report and Forecast 2021-2026’, the global fluid milk market attained a volume of nearly 228 million tons in 2020. Aided by surging health consciousness, the market is projected to further grow at a CAGR of 1.6% between 2021 and 2026 to reach a volume of approximately 251 million tons by 2026.
The milk that is processed for use in the food and beverages industry is known as fluid milk. Milk is attributed to several nutritional benefits and is packed with various significant nutrients like calcium, vitamin B, phosphorous, and vitamin D. Milk has been a staple diet in Asia and Africa and is used extensively in various food products. Milk is often associated with good health and aids in the production of various dairy products such as yoghurt, cheese, butter, and soy beverages, among others. Moreover, rising awareness about the health benefits of consumption of milk and other dairy products further augmenting the market growth. In addition, the increasing internet penetration and the rising popularity of the online retail sector are further lubricating the market growth for fluid milk.
The increasing health consciousness and consumer awareness are driving the growth of the fluid milk industry. The rising prevalence of weight management and muscle development is also increasing the demand for milk which is an excellent source of protein and is consequently bolstering the market growth. The growing demand for healthy convenience food and beverages in both developed and developing countries owing to the hectic lifestyles of the surging urban population is expected to propel the market growth. Moreover, the development of special fluid milk beverages, such as flavoured milk, skim milk, and lactose-free milk is catering to the demand of diverse consumers and is further augmenting the market growth. In addition, the surge of the vegan population around the world is increasing the demand for plant-based milk and is contributing significantly to the overall market growth. Furthermore, the increasing number of superstores and hypermarkets in the emerging countries are aiding the accessibility to fluid milk and is anticipated to further lubricate the market growth in the forecast period.
Market Segmentation
The market report by Expert Market Research analyses the market based on segmentations such as type, packaging material, distribution channel, and major region.
Market Breakup by Type:
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