According to a new report, published by KBV research, The Global A2 Milk Market size is expected to reach $10.6 billion by 2030, rising at a market growth of 17.6% CAGR during the forecast period.
The Powder segment is registering a CAGR of 18.4% during (2023 - 2030). A2 milk in powder form has an extended shelf life due to the removal of moisture, which can make it a practical option for those who do not consume milk regularly. Powdered A2 milk is compact and lightweight, making it a great choice for people on the go or those who need a convenient milk source while traveling. In some cases, powdered A2 milk can be more cost-effective than liquid A2 milk, especially considering the extended shelf life and reduced waste.
The Cartons segment acquired the highest revenue in the Global Market by Packaging in 2022; thereby, achieving a market value of $6.6 billion by 2030. Carton packaging is often made from paperboard and is typically more eco-friendly than plastic bottles. Many cartons are recyclable and made from renewable resources. Cartons tend to have a lower carbon footprint in production and transportation compared to plastic bottles. This is particularly important for milk, as exposure to light can lead to nutrient degradation and off-flavors. Many carton packages are designed with convenient pour spouts that make it easy to pour the milk without spilling or splashing.
The Convenience Stores segment exhibits a CAGR of 17.9% during (2023 - 2030). Convenience stores are designed for quick, easy shopping. They often have extended hours of operation and are located in accessible locations, making it convenient to grab a bottle of A2 milk on the go. Convenience stores typically carry smaller-sized containers, which can be advantageous for those who need only a small amount or are looking for a single serving. People also buy A2 milk from convenience stores for immediate consumption.
The Asia Pacific region dominated the Global Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.1 billion by 2030. The Europe region is anticipating a CAGR of 16.8% during (2023 - 2030). Additionally, The North America region would register a CAGR of 17.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/a2-milk-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Vietnam Dairy Products Joint Stock Company, Erden Creamery Pvt Ltd, Vrindavan Dairy LLP, KESARIYA FARM PVT LTD, Sid’s Farm Private Limited, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), The a2 Milk Company Limited, Fonterra Co-operative Group Limited, Nestle S.A, Provilac Dairy Farms Pvt. Ltd.
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