USD 2.90 billion
Report ID:
SQMIG30I2220 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
60
|Figures:
77
Global A2 Milk Market size was valued at USD 2.90 billion in 2022 and is poised to grow from USD 3.44 billion in 2023 to USD 13.36 billion by 2031, at a CAGR of 18.5% during the forecast period (2024-2031).
A2 milk is a type of cow's milk that lacks a type of -casein polypeptide known as A1 and primarily contains the A2 form. A2 milk is 12% higher in protein, 25% higher in vitamin A, 15% higher in calcium, 33% higher in vitamin D, and 30% higher in cream. Furthermore, studies on A2 milk consumption have revealed that regular drinking of A2 milk can help to slow down muscle catabolism, hence increasing muscular recovery. Milk from Guernsey, Jersey, and Asian cows, for example, are high in A2 beta casein. A2 milk contains beta casein protein, which differs by one amino acid at the 67th position in amino acid chains. When A1 milk is compared to A2 milk, A2 milk is better absorbed than A1. The intestine digests A1, and an enzyme produces the peptide beta-casomorphin-7 (BCM-7) from the A1-casein variant. The opioid peptide protein beta-casomorphin (BCM) has been linked to stomach discomfort, lactose intolerance, and other gastrointestinal issues, and it is thought to be linked to an increased risk of type 1 diabetes and heart disease. The A2 -casein version does not induce such discomfort and is hence preferable to A1.
A2 milk has a high nutritional content, which is necessary for an infant's growth. A2 milk has health benefits due to its high protein content, easily digestible characteristics, high calcium content, vital vitamins and minerals, and lack of antibiotics and hormones. A2 milk contains 12% more protein, 25% more vitamin A, 15% more calcium, 33% more vitamin D, and 30% more healthy fat. As a result, it is widely employed in the production of infant formula, assisting in the growth of the A2 milk industry. Milk is an essential dietary staple and an essential component of baby meals. Milk containing A1 beta casein has been reported to raise levels of BCM-7 in babies, which has been associated with a variety of stomach ailments. A2 milk digestion, on the other hand, produces smaller quantities of BCM-7. As a result, A2 milk is widely chosen in newborn formulas by baby food makers, resulting in increased demand for A2 milk, which will support market growth in the approaching years.
US A2 Milk Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.90 billion
Largest Segment
Liquid
Fastest Growth
Powder
Growth Rate
18.5% CAGR
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Global A2 Milk Market is segmented on the basis of product, packaging and region. By product, the market is segmented into liquid and powder. By packaging, the market is segmented into cartons and bottles. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
A2 Milk Market Analysis by Packaging
According to estimates, the cartons segment would account for more than 60% of the worldwide A2 milk market by 2022. Since carton packing protects and gives longer product content durability, it is safer and more practical for storing food. Carton weighs less, which reduces the cost of transportation. Due to the substantial need for rigid packaging in the dairy products industry around the world, the carton segment contributed the most to market revenue globally.
A2 Milk s are Additionally, the bottles market is anticipated to grow with the second-highest CAGR of 18.1%. Milk containers can be made of glass or plastic. The milkman often delivers freshly made milk in bottles. Refilling bottles allows for more uses. Additionally, it is anticipated that the segmental share would increase during the forecast period due to the increased demand for practical packaging solutions in the dairy beverages sector.
A2 Milk Market Analysis by Product
Over 70% of the market's sales in 2022 came from the liquid category, which led the industry. Fresh milk is preferred by consumers because it provides nutrients including calcium, vitamins, and proteins. As a result of their convenience and widespread consumption, liquid products contributed more to market income.
With a CAGR of 18.9%, the powder market is anticipated to grow the fastest. Additionally, the segmental market is anticipated to have considerable increase due to the growing use of A2 milk in powder form in infant formula. Powder is becoming more and more in demand for a variety of uses, including confectionery, baked pastries, and salty goods. Low moisture level in the powder improves durability and extends storage time.
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With a revenue share of over 50.0% in 2022 and an anticipated CAGR of 18.7%, Asia Pacific dominated the A2 milk market. A positive contribution to the market revenue is being made by nations like China, Australia & New Zealand, and India. In order to contribute to this industry, milk is widely regarded as the finest health product among people of all ages. Additionally, a large quantity of milk was produced due to the easy accessibility of the many varieties of cows and buffalo.
North America is projected to grow significantly, with a CAGR of 19.7%. Due to the high demand for nutritious milk throughout the world, nations like the US and Canada are positively influencing the market's expansion. This quick expansion is anticipated given the rising demand brought on by customers' increased spending and the adoption of A2 milk as a beverage.
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A2 Milk Market Drivers
Increased Awareness to Bolster Market Growth
A2 Milk Market Restraints
High Cost to Hamper Market Growth
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Details about the competition are provided by the competitive landscape for A2 milk. Company overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product introduction, and application dominance are among the components that are included. Only the businesses concentrating on the A2 milk market are mentioned in the data points above.
A2 Milk Market Top Player’s Company Profiles
A2 Milk Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the A2 milk market has witnessed substantial growth due to increasing consumer awareness and demand for healthier and specialty dairy products. The market size has been expanding as more consumers seek alternatives to conventional milk and embrace A2 milk as a potential solution for lactose intolerance or milk protein sensitivities. A2 milk is marketed as being easier to digest and potentially offering health benefits compared to conventional milk. The A2 beta-casein protein, found in A2 milk, is claimed to be more easily tolerated by individuals with milk-related digestive issues. This differentiation and perceived health benefits have contributed to the growing popularity of A2 milk. Factors such as the perceived health benefits of A2 milk, regional market dynamics, product diversification, consumer education, strategic partnerships, regulatory support, and competitive landscape are shaping the market. The market is expected to witness further expansion as more consumers adopt A2 milk as an alternative to conventional dairy products.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2.90 billion |
Market size value in 2031 | USD 13.36 billion |
Growth Rate | 18.5% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the A2 Milk Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the A2 Milk Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the A2 Milk Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the A2 Milk Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30I2220
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