Global Market for Fluid Milk to Reach 307.4 Million Metric Tons by 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Milk. Worldwide Fluid Milk sales are expected to reach 307.4 million metric tons by 2015. Despite the dampener cast by the recession, the milk industry's medium to long-term outlook remains encouraging based on population growth, resurgence of the rise in per capita consumption, GDP growth, discretionary spends, continued shift towards packaged products, and higher interest among consumers for value-added, healthier and functional products.

Milk: A Global Market Report

Milk flaunts established consumption patterns, thanks to it's proven nutritional and health benefits. Prime impetus for milk consumption comes from increasing demand in developing countries coupled with a growing consumer preference for packaged milk. A key reason fingered for the growing popularity of packaged milk is the level of convenience, and ease of use offered together with innovations in product packaging. Future growth in consumption will be focused in emerging markets, with India, China, Pakistan and the Middle East together accounting for almost 96% of the increased consumption in milk and dairy products. Rising population, increasing household income, easy availability in the retail market, rising awareness over the health benefits of dairy products, and shift in dietary trends, are all factors poised to drive growth in these markets.

The prolonged world economic recession is beginning to take its toll on milk demand, with consumption patterns showing signs of distress, and modest growth. The Asian melamine outrage is also cited as a major factor responsible for tranquilizing demand patterns worldwide. Middle East, South & Central America, East Europe and Africa are expected to experience the impact of global slowdown. Dairy drinks market also remained largely weak in the year 2008, further depressing the market for raw milk. Natural milk is the largest segment in the dairy drinks category worldwide. Niche dairy products, such as, condensed milk, evaporated milk, fat milk, fortified milk, organic milk, and probiotic milk are however expected to weather the slowdown more gracefully than their conventional counterparts. Flavored milk although presently suffering from the recession blues is forecast to emerge into a strong driver of growth in the milk industry, especially in mature and saturated developed markets in North America and Europe. The smart recovery expected in this category is largely due to the imminent resurgence of discretionary spends, since flavored milk is primarily an impulse purchase. Asia Pacific continues to be the largest consumer of milk, as stated by the new market research report on Milk.

Key players dominating the marketplace include AMUL, BRF Brasil Foods SA, Bright Dairy & Food Co. Ltd, CANDIA, Dairy Crest Group Plc, Dairy Farmers Limited, Dairy Farmers of America Inc, Dairy Farmers of Britain Limited, Dean Foods Company, Fonterra Group Cooperative Limited, Harvey Perley Hood LLC, Inner Mongolia Yili Industrial Group Co. Ltd, Lactalis Group, Milk Link Ltd, Morinaga Milk Industry Co. Ltd, National Foods, Neilson Dairy, Nestlé SA, Parmalat SpA, Robert Wiseman Dairies Plc, Royal Friesland Campina, Sanlu Group, and Valio Ltd., among others.

The report titled "Milk: A Global Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, key market trends & restraints, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and provides market estimates and projections in volume for regions including United States, Canada, Japan, Europe, Asia Pacific (Excluding Japan), Latin America, and Rest of World.

For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Milk_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website