World - Milk - Market Analysis, Forecast, Size, Trends and Insights
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World - Milk - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Feb 21, 2022

Global Milk Consumption to Reach 1.2B Tonnes by 2030

IndexBox has just published a new report: 'World - Milk - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

Driven by increasing demand worldwide, the milk market is forecast to expand with an anticipated CAGR of +1.7% for the period from 2020 to 2030, which is projected to bring the market volume to 1.2B tonnes by the end of 2030.

Los Angeles, CA -- In 2020, the global milk market increased by 1.9% y/y to $757.1B. The market value increased at an average annual rate of +1.8% from 2010 to 2020, a new report published by IndexBox says. In the coming decade, the market is forecast to expand with an anticipated CAGR of +1.7% per year, from 1.0B tonnes in 2020 to 1.2B tonnes by the end of 2030.

The countries with the highest volumes of milk consumption in 2020 were India (188M tonnes), the U.S. (118M tonnes) and Pakistan (61M tonnes), with a combined 36% share of global consumption. Pakistan recorded the highest consumption growth rate over the past decade, while other countries experienced more modest paces of growth.

In value terms, the largest milk markets worldwide were India ($137.3B), the U.S. ($103.4B) and Pakistan ($53.6B), with a combined 39% share of the global market. China, Brazil, New Zealand, Russia, Germany, Turkey, France, the Netherlands, Poland and the UK lagged somewhat behind, together comprising a further 28%.

In 2020, the highest levels of milk per capita consumption were registered in New Zealand (6,314 kg per person), followed by the Netherlands (1,111 kg per person), Germany (589 kg per person) and France (531 kg per person), while the world average per capita consumption of milk was estimated at 130 kg per person.

From 2010 to 2020, the average annual growth rate of the milk per capita consumption in New Zealand totaled +1.3%. In the other countries, the average annual rates were as follows: the Netherlands (+2.3% per year) and Germany (+1.6% per year).

Global Milk Imports

After two years of decline, purchases abroad of milk increased by 0.6% to 11M tonnes in 2020. The total import volume increased at an average annual rate of +1.6% over the last decade. In value terms, milk supplies rose sharply to $5.9B in 2020.

Germany (2.6M tonnes), distantly followed by Italy (1,308K tonnes), Belgium (868K tonnes), the Netherlands (747K tonnes), China (733K tonnes), Ireland (645K tonnes) and Lithuania (520K tonnes) represented the major importers of milk, together creating 68% of total supplies. The following importers - Russia (232K tonnes), Croatia (200K tonnes), the UK (193K tonnes) and Romania (188K tonnes) - each reached a 7.4% share of total imports.

From 2010 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($1B), Belgium ($625M) and China ($598M) appeared to be the countries with the highest levels of imports in 2020, with a combined 38% share of global imports.

The average milk import price stood at $541 per tonne in 2020, growing by 4.4% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($816 per tonne), while Lithuania ($367 per tonne) was amongst the lowest. From 2010 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

This report provides an in-depth analysis of the global milk market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Product coverage:
• FCL 1130 - Camel milk
• FCL 882 - Cow milk, whole (fresh)
• FCL 1020 - Goat milk
• FCL 982 - Sheep milk
• FCL 951 - Buffalo milk
• FCL 888 - Skim Milk of Cows

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Producing Animals, By Country, 2007-2021
Table 7:
Yield, By Country, 2007-2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Producing Animals, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Producing Animals, By Country, 2021
Figure 24:
Producing Animals, By Country, 2007-2021
Figure 25:
Yield, By Country, 2007-2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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