The demand for UHT milk is gradually growing owing to the rising inclination toward the use of pasteurized milk rather than normal milk that needs refrigeration. The major factor for the growth of the UHT milk is that this type of milk does not need cold storage. In addition, a high birth rate and growing demand from athletes, weightlifters, and bodybuilders across the globe are emerging as the key contributors for the growth of UHT Milk market. Moreover, individuals with busy lives are shifting toward the better of alternative of ordinary milk in the form of UHT milk. It is emerging as a substitute to the conventional normal milk.
According to the MarkNtel Advisors’ research report titled “Global UHT Milk Market Analysis, 2020”, the CAGR of the market is expected to be around 5.40% during 2020-25. The shelf life of the milk increases as it is boiled under 132 degrees Celsius that kills the germs and bacteria in the milk and preserves the nutrients and vitamins. The market is majorly driven toward growth as the milk can be stored at room temperatures for more than 3 months.
A subsequent rise is foreseen in the growth of UHT milk in the European markets as the major consumers of milk are based in Belgium, Spain, France, and the Netherlands. Moreover, the Asia-Pacific is the potential market for the growth of UHT milk as the consumer awareness toward health consciousness and low-calorie intake in their diet is rising at a faster pace. Moreover, China is considered one of the largest milk consuming population and around 60% of the population prefers UHT milk in the country. India and Australia are also lucrative markets and are witnessing a sturdy growth in the respective markets.
Based on the distribution channel, the UHT milk is easily available on online e-commerce platforms and in the hypermarkets as it does not need cold storage. The penetration in the online platform is surging owing to the easy availability of the preferred brands online.
Semi-skimmed milk dominates the market as the nutritional value is not lost from the milk and contains low calorie primarily preferable by the young generation. The semi-skimmed segment led the market by the highest share in 2019 and the dominance is expected to prevail for some time.
According to the MarkNtel Advisors, the major leading players are Lactalis Group, Nestle, Fonterra, Danone, Arla Foods, Candia, Danone Group, Sodiaal Group, Inner Mongolia Yili Group, and Parmalat, among others.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global UHT Milk Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of quantity sold (Million Tons).
Q. What would be the CAGR of the Global UHT Milk Market during 2020 to 2025?
A. The market size of Global UHT Milk Market would register a CAGR of 5.4% during 2020-25.
Q. Which of the regions would be a bright spot for Global UHT Milk Market during 2020-2025?
A. European markets as the major consumers of the milk as based in Belgium, Spain, France, and the Netherlands. Moreover, the Asia-Pacific would be the potential market for the growth of UHT milk Moreover, China, India and Australia are also a lucrative market and witnessing a sturdy growth and expected to present substantial opportunities for competitors in Global UHT Milk Market during the forecast period.
Q. Who are the key players or major competitors in Global UHT Milk Market?
A. Lactalis Group, Nestle, Fonterra, Danone, Arla Foods, Candia, Danone Group, Sodiaal Group, Inner Mongolia Yili Group, Parmalat etc. are few of the leading players with majority market share in Global UHT Milk Market.
Q. Which type segment would emerge as an opportunity area for players in Global IoT Medical Devices Market?
A. Semi-skimmed milk dominates the market as the nutritional value is not lost from the milk and contains low calorie primarily preferable by the young generation. The semi-skimmed segment led the market by the highest share in 2019 and the dominance is expected to prevail for some time.
Q. Does the report scope cover product wise market statistics also?
A. Yes, the scope of the report encompasses detailed product wise statistics such as market size, market segmentation based on various subcategories.
