Global A2 Milk Market Insights Forecast 2024 - 2033
24 May, 2024
The A2 milk market has experienced rapid growth, rising from $2.09 billion in 2023 to $2.43 billion in 2024, with a CAGR of 16.4%. This growth is attributed to perceived digestive benefits, awareness of lactose intolerance, dairy allergy considerations, traditional breeding practices, and rising health consciousness. The market is expected to continue its rapid expansion, reaching $4.2 billion in 2028, with a CAGR of 14.7%. Key drivers include consumer preference for natural products, expansion of distribution channels, government support and regulations, increased awareness of A2 protein types, and diversification into non-dairy products, with major trends including marketing and branding strategies.
Major Driver In The A2 Milk Market
The A2 milk market is experiencing a robust growth trajectory, primarily driven by the escalating cases of lactose intolerance globally. A2 milk, distinguished by its exclusive A2 beta-casein protein composition, emerges as a suitable alternative for lactose intolerant individuals. Statistics from the National Institutes of Health reveal a staggering 65% prevalence of lactose intolerance worldwide in 202As lactose intolerance continues to rise, the demand for A2 milk remains buoyant, propelling the growth of this market segment.
Request A Free Sample Of The Global A2 Milk Market ReportA2 Milk Market Competitive Landscape
Anand Milk Union Limited, Erden Creamery Private Limited, Ripley Farms LLC, The a2 Milk Company Limited, Urban Farms Inc., Vinamilk, Nestle S.A., Vedaaz Organics Pvt. Ltd., Vrindavan Dairy LLP, Sids Farm Private Limited, Happy Milk, Indus Milk, Humpy A2, Alexandre Family Farm, Indigau, Synlait Milk Limited, Freedom Foods Group Limited, Fonterra Co-operative Group Limited, Lion Pty Limited, Parmalat S.p.A., Westland Milk Products, Murray Goulburn Co-operative Co. Limited, Bellamy's Organic, Milk New Zealand Corporation, Jersey Dairy, Organic Valley, Brownes Dairy, Bubs Australia, Natrel, Snow Brand Milk Products Co. Ltd.
Key A2 Milk Market Trend
Major companies in the A2 milk market are focusing on developing innovative products like a2 Milk Grassfed Whole Milk and a2 Milk Grassfed 2% Reduced Fat Milk. These products aim to provide a competitive edge in the market. For instance, in April 2023, The a2 Milk Company Limited, a New Zealand-based dairying company, launched these new milk products. They are sourced from cows that naturally produce only the A2 protein and are certified regenerative by AGW (A Greener World), a US-based non-profit organization. These products combine the digestive benefits of A2 Milk with the qualities of grassfed milk, offering a new dairy option for health-conscious consumers.
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A2 Milk Market Segmentation
The a2 milk market covered in this report is segmented –
1) By Form: Liquid, Powder
2) By Packaging: Carton Packaging, Glass Bottles, Cans, Plastic Pouches And Bottles
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retail, Other Distribution Channels
4) By Application: Infant Formula, Milk-Based Beverages, Bakery And Confectionery, Dairy Products
By Geography:The regions covered in the a2 milk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the A2 milk market in 2023.
The A2 Milk Global Market Report 2024 furnishes information about the global a2 milk market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.