According to a report, “Ultra High Temperature Milk Market Size, Share & Trends Analysis Report By Fat Content (Whole, Semi Skimmed, Skimmed), By Product (Flavored, Unflavored), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc. The global ultra high temperature milk market size is expected to reach USD 90.1 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.8% over the forecast period. Increase in the number of product innovations related to flavored and unflavored content of ultra high temperature (UHT) milk is increasing its demand in the global market. Moreover, longer shelf life of organic and conventional based products, along with ease of storage and transportation, is driving the market exponentially. Benefits associated with UHT milk including improved vitamin content, enhanced flavors, and antimicrobial as well as anti-fungal properties are boosting the growth of the market. Hence, the overall cost of the product gets reduced, thereby giving an advantage to the food service providers across the industry.
Asia Pacific is anticipated to witness the fastest growth in the coming years owing to large consumption of dairy products and import of dairy products in countries like India and China. For instance, in 2016, India’s dairy imports were valued at USD 110 million and in terms of volume, it was 58,595 metric tons. Europe held the largest market share in 2018. Increase in consumption of UHT products in contrast to conventional processed products in countries like Germany and France is increasing the demand in Europe.
The skimmed fat content segment held the largest share of 48.9% in 2018 due to presence of a wide base of health conscious consumers in the industry. Skimmed milk products are known to have low fat content with excess of vitamins and minerals, thereby driving the market over the forecast period. The flavored products of UHT milk is expected to expand at the highest CAGR of 9.9% over the forecast period. The finished dairy products such as fresh cheese, yogurt, and cheese sauce are made using flavored UHT milk to mask the burnt taste of pasteurized product, thereby increasing the product demand in the forecast period.
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Key players of the market include Amcor Ltd.; Albea Group; First Milk; Ardagh Group; Bemis Company, Inc.; Mondi plc; Koa Glass Co. Ltd.; Bormioli Rocco Spa; Saint-Gobain; MeadWestvaco Corp.; Sonoco Products Company; A2 Corporation; and Mother dairy. Competitive strategies for the market growth include mergers and acquisitions, new product innovations, and spreading awareness about the benefits of UHT milk. For instance, in January 2019, Lactalis acquired Greenland group in Egypt to expand its product base across various sectors such as cheese, yogurts, and UHT milk.
Further key findings from the report suggest:
Europeled the market and held 40.5% share of the overall revenue in 2018
- Asia Pacific is expected to expand at the fastest CAGR of 9.1% over the forecast period
- Based on fat content, the skimmed type segment held the largest share of 48.9% in 2018. The semi skimmed segment is expected to expand at a CAGR of 9.3% from 2019 to 2025
- The ultra high temperature milk market is dominated by key players like Amcor Ltd.; Albea Group; First Milk; Ardagh Group; Bemis Company, Inc.; Mondi plc; Koa Glass Co. Ltd.; Bormioli Rocco Spa; Saint-Gobain; MeadWestvaco Corp.; and Sonoco Products Company among others.
Fat Content Insights
On the basis of fat content, the market is segmented into whole, semi skimmed, and skimmed. Skimmed UHT milk held the largest share of 48.9% in 2018 owing to the low fat content in these products, thus attracting a large consumer base with healthy drinking patterns. The segment growth is attributed to a variety of flavors and texture benefits provided by the skimmed products. Moreover, high density of protein and calcium content in skimmed milk products is anticipated to drive the segment demand over the forecast period.
Semi skimmed UHT milk is expected to register the highest CAGR of 9.3% from 2019 to 2025. Rise in demand for dairy products in several countries such as U.S., China, and India is spurring the growth of this segment. Semi skimmed products with a moderate amount of fat content are used to make various dairy products such as yogurt and cheese, thereby increasing its demand across various applications. In U.S., demand for butter and cheese is increasing rapidly and is expected to witness significant growth in the coming years. Moreover, added contents such as flavors, sweeteners, colorings, and preservatives in the dairy industry boost the demand for such products in the market.
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Grand View Research has segmented the global ultra high temperature milk market on the basis of product, fat content, and region:
Ultra High Temperature Milk Product Outlook (Revenue, USD Billion, 2015 – 2025)
Ultra High Temperature Milk Fat Content Outlook (Revenue, USD Billion, 2015 – 2025)
- Semi Skimmed
Ultra High Temperature Milk Regional Outlook (Revenue, USD Billion, 2015 – 2025)
Middle East & Africa
- South Africa
- Central & South America
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