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The global fresh milk market is being driven by the overall increase in the global milk production, which is expected to grow by 1.8% per annum in the coming decade. Fresh milk accounts for a majority of the milk output. Almost half of the milk production, globally, is consumed as fresh dairy products. Europe and North America are significant milk producing regions, with the milk yield witnessing a growth in the regions even after declines in herd size. However, their growth in the forecast period will be significantly lower than in the emerging countries, with India’s milk output projected to exceed that of the European Union’s in the coming years. Asia accounts for nearly 70% of the hike in global milk production. Pakistan and India are the leading markets in the continent, which are estimated to account for over 25% of the global milk output by 2027. The majority of the milk output in these two countries as is consumed fresh. In India, particularly, more than 65% of the milk production is consumed as fresh milk and dairy products.
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The fresh milk market is being further propelled by the rising demand for organic dairy products, leading to multiple dairies shifting to organic milk production. Organic milk sales account for almost a fifth of the total milk sales in the US. India, one of the largest milk-producing nations, is witnessing a rising trend towards premium products like organic farm-fresh milk. The rising trend is a result of an increasing apprehension about adulterated milk. In contrast to the milk from large dairies, who derive their milk from cows injected with various hormone supplements and antibiotics, farm-fresh milk start-ups are sourcing their milk from indigenous breeds who are fed organically grown fodder. These premium organic milk, which are delivered within hours of milking, are rich in A2 protein. While farm-to-table premium milk is still a niche market in India, their growth is projected to accelerate in the coming years, aiding the overall fresh milk industry growth in the country.
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The key players in the global fresh milk market are Nestle SA, Lactalis Group, China Mengniu Dairy Company Limited, Arla Food Amba, Cooperativa Central Dos Produtores Rurais De Minas Gerais Ltda. (Itambe), Gujarat Cooperative Milk Marketing Federation Ltd. (Amul), Inner Mongolia Yili Industrial Group Co., Ltd, DMK Deutsches Milchkontor GmbH, and Dairy Farmers of America. The EMR report covers their market share, capacity, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds.
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