A2 Milk Market Estimated to Exceed US$ 19,324 Million Globally By 2024
By: IMARC Group
Global A2 Milk Market Trends:
Regular milk is hard to digest for lactose intolerant people owing to which they are preferring A2 milk which is considered to be easier to digest. It also helps in relieving the symptoms of stomach discomfort, such as bloating, gas and diarrhea, which usually occur after the consumption of conventional dairy products. Further, A2 milk companies provide a wide product portfolio including liquid milk, baby food and infant formula, yoghurt, cheese etc., catering to a diverse group of consumers and institutions. Some of the other factors influencing the market growth include increasing demand from the emerging markets such as India and China, mounting income levels and the growth of the organized food retail industry. Looking forward, the A2 milk market value is anticipated to reach US$ 19,324 Million by 2024, projecting a CAGR of 23.5% during 2019-2024.
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Global A2 Milk Market Summary:
Market Breakup by End-Use
1. Liquid Milk
2. Infant Formula
Market Breakup by Distribution Channel
1. Supermarkets & Hypermarkets
2. Convenience & Grocery Stores
3. Online Stores
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Performance of Key Regions
1. North America
The competitive landscape of the market is concentrated in nature with some of the key players being The A2 Milk Company, Jersey Dairy, Pura, Dairy Farmers and Fonterra.
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