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The fresh milk market is aided by the growing milk production globally. The global output in 2023 stood at over 890.85 million tonnes, rising by 2.1% from 2018. Production is expected to grow further in the forecast period of 2024-2032, to reach approximately 1073.90 million tonnes in 2032.
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In the coming decade, the milk production is expected to witness an average annual increase of 1.8%. Majority of the milk and dairy products are consumed as fresh dairy products accounting for almost 50% of the total global production.
In the forecast period, Asia will account for 70% of the increase in the global production due to expanding population and increasing disposable incomes. Milk production in emerging economies is expected to rise annually by 3%, with the majority consumed as fresh and dairy products. Pakistan and India account for most of the projected increase in the global milk production in the forecast period. These two countries are expected to contribute more than one-quarter of the total global production in 2027. Most of the surplus production in these two countries is expected to be consumed as fresh milk and dairy products. In India, over 65% of the total production is consumed as fresh milk.
Europe and North America will be the other major milk producing regions in the forecast period. The growth in milk production is expected to be slow in the forecast period at less than 1% annually. Even though the herd size has been declining, the milk yields have been growing in these regions. The yield in the European Union is projected to grow by 1.2% per annum in the next five years. While the market share of European Union countries in terms of production is similar to that of India, India is expected to surpass the European Union in the coming years in terms of its total output.
Fresh milk can either be fresh whole/full-fat, low-fat, skim, modified, ultra-filtration, lactose reduced or lactose-free food, flavoured, and fortified. It contains multiple essential nutrients required for daily human consumption.
Market Breakup by Type:
Market Breakup by Application:
Market Breakup by Region:
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The fresh milk market is being driven by the continuous expansion in the exports of fluid milk, which saw a 4% increase in 2017 after witnessing a robust growth of 16% in 2016. With rising health awareness among the consumers globally, its demand has been witnessing a growth in recent years. Retailers are coming up with innovative packaging solutions aimed at increasing the shelf life, which will, in turn, boost the sales in the forecast period. With a rising number of dairies transitioning into organic milk production, the fresh milk market is projected to grow further. In the US, organic milk accounted for 18% of the total sales. Currently, flavoured milk is the leading segment in the fresh milk market.
The fresh milk market has received impetus for its growth in the European Union due to the specialisation and restructuring of its production industry since the scrapping of the milk quotas in 2016. In the Americas, the rising population and growing milk production are aiding the growth of the market. Milk production in Latin America and the Caribbean region is projected to grow by 18% by 2027, although its market share in the global market is expected to remain stable. China, a major importer of dairy products, will increase its domestic production of milk in the coming years by 1.5% per annum. However, its contribution to the global milk production is expected to remain the same, as most of its production will be consumed domestically as fresh milk and dairy products. In developing countries, where the milk production is expected to grow faster than in developed countries, 85% of this increased production will be used in the production of fresh milk and dairy products. Globally, the consumption of fresh dairy is thus expected to grow faster than processed dairy products, growing annually by 2.1% in the forecast period.
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The report gives a detailed analysis of the following key players in the global fresh milk market, looking into their capacity, market share, and latest developments like mergers and acquisitions, capacity additions, and plant turnarounds:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global fresh milk market reached a production volume of about 890.85 million tonnes in 2023.
The production volume of fresh milk is expected to reach approximately 1073.90 million tonnes by 2032.
The major drivers of the industry such as rising disposable incomes, increasing population, and the rising dairy industry.
The rising health consciousness among the consumers is expected to be a key trend guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading types of fresh milk in the market include whole/full-fat, reduced-fat (2%), low-fat (1%), and fat-free.
The significant application segments of the market include household and commercial.
The key players in the fresh milk market include Nestle SA, China Mengniu Dairy Company Limited, Arla Food Group, Cooperativa Central Dos Produtores Rurais De Minas Gerais Ltda. (Itambe), Gujarat Cooperative Milk Marketing Federation Ltd. (Amul), DMK Deutsches Milchkontor GmbH, and Dairy Farmers of America, Inc., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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