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UHT Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

UHT Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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UHT Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global UHT milk market size reached 117.6 Billion Litres in 2022. Looking forward, IMARC Group expects the market to reach 158.8 Billion Litres by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028. The rising demand for convenience foods with a long shelf-life, inflating disposable incomes, and advancements in processing technologies represent some of the key factors driving the market.

Rising Demand for Convenient and Long-Lasting Milk Products Driving the Market

The increasing demand for milk products with an extended shelf-life is the leading factor driving the growth of the global UHT milk market. Hectic lifestyles, longer working hours, and a growing preference for easy-to-use and ready-to-eat products are driving product sales. In addition, the demand is exceptionally high in countries where refrigeration and cold-chain infrastructure is weak or non-existent. In such regions, UHT milk is preferred due to its long life and the ability to be stored at room temperature.

Moreover, there is currently a rise in the apartment culture with restricted or little refrigeration space, which is driving the product demand. Apart from this, awareness regarding the benefits of UHT milk over conventional milk has been increasing continuously, driven by an increase in marketing initiatives by manufacturers through various advertising mediums such as newspapers, television, etc. This is also expected to positively impact the global demand for UHT milk.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market is dominated by a few major players operating in the industry due to high capital investments and barriers to entering the market. The volume of new entrants is low due to the capital-intensive nature of the UHT milk industry and the requirement of significant investment in technology, processing equipment, packaging, and distribution.

What is UHT Milk?

UHT milk is shelf-stable milk that undergoes sterilization and heating at elevated temperatures. The heating process removes pathogens, bacteria, and other spoilage-causing organisms. The UHT process is different from regular pasteurization, which only heats the milk to a lower temperature and does not make it sterile. UHT milk has a longer shelf life of several months and does not need to be refrigerated until it is opened. It is also a rich source of essential nutrients, including calcium, phosphorus, potassium, riboflavin, zinc, vitamins A and B12, and magnesium. The high temperature during the process also gives it a distinct taste and aroma, which varies depending on the type of milk used.

COVID-19 Impact:

The COVID-19 pandemic led to a surge in demand for UHT milk as consumers stockpiled non-perishable food items due to lockdowns and restrictions on movement. As a result, panic buying and hoarding food products, including UHT milk, caused temporary supply disruptions and increased prices.

However, the pandemic also brought significant challenges to the global food supply chain, including the dairy industry. Supply chain disruptions and logistics challenges led to reduced production and distribution capacity. These challenges have impacted the availability and affordability of UHT milk, with many countries experiencing shortages. Significant reliance on the workforce and a complex supply chain have led to production restrictions and, in some cases, closures. Furthermore, the closure of milk collection centers led to a shortage of raw milk for the production of UHT milk.

As a result of the pandemic-related constraints on goods transportation, road movement restrictions, rising production expenses, shortage of operating capital, and labor scarcity, numerous businesses suffered losses. Nonetheless, the growing consumer demand for UHT milk attracted a slew of new participants to the UHT milk market segment.

UHT Milk Market Trends:

The inflating disposable incomes and rising urbanization in developing countries are among the key factors driving the demand for UHT milk. In addition, as people move to cities and adopt more modern lifestyles, the need for convenience and RTD products is increasing.

Apart from this, advancements in UHT milk processing technology are also driving the growth of the market. Modern technologies, such as aseptic packaging, have improved the efficiency and effectiveness of UHT milk processing, leading to higher-quality products and reduced costs. Additionally, the development of new flavors and packaging designs has expanded the range of UHT milk products available to consumers with diverse preferences. Moreover, key vendors are introducing new products at lower prices to attract consumers from low economic groups.

Furthermore, government support and investments in the dairy industry are also contributing to the market growth. Many governments across the globe are providing subsidies, grants, and other incentives to promote dairy farming and processing. Additionally, initiatives to improve the cold-chain infrastructure and logistics are expected to boost the availability and affordability of UHT milk in many regions.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global UHT milk market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and distribution channel.

Type Insights:

Whole
Semi-Skimmed
Skimmed

The report has provided a detailed breakup and analysis of the UHT milk market based on the type. This includes whole, semi-skimmed, and skimmed. According to the report, whole UHT milk represented the largest segment due to its rich and creamy taste, easy availability, and presence of fat-soluble vitamins and minerals. Moreover, it finds extensive application across hotels, restaurants, cafes, office workspaces, and other institutional spaces.

Distribution Channel Insights:

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Retail
Others

A detailed breakup and analysis of the UHT milk market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, specialty stores, online retail, and others. According to the report, supermarkets and hypermarkets accounted for the largest market share as they offer a one-stop shop for consumers and a wide range of UHT milk products, including assorted flavors, brands, and packaging sizes.

Regional Insights:

European Union
Asia
North America
Latin America
Eastern Europe
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include the European Union, Asia, North America, Latin America, Eastern Europe, and the Middle East and Africa. According to the report, Asia was the largest market for UHT milk. Some of the factors driving the Asia UHT milk market included a lack of cold chain infrastructure, rising disposable incomes, and improving standards of living coupled with a large population. In addition, the presence of emerging economies such as China and India works as a driving force for the Asia Pacific region. The longer shelf life of UHT milk is also a factor that contributes to its popularity among learners living in hostels and people who travel frequently. The rise in the number of product innovations such as the addition of organic and flavored content by market players is another factor driving the growth of the market. The demand for lactose-free milk is also growing as the number of lactose-intolerant people in the region increases.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global UHT milk market. Some of the companies covered in the report include:

Lactalis International
Nestlé S.A.
Fonterra Co-operative Group Limited
Danone S.A.
Arla Foods Amba
Royal FrieslandCampina N.V.
Dairy Farmers of America Inc.
Saputo Inc.
Dean Foods
Yili Group

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global UHT milk market in 2022?
2. What is the expected growth rate of the global UHT milk market during 2023-2028?
3. What has been the impact of COVID-19 on the global UHT milk market?
4. What are the key factors driving the global UHT milk market?
5. What is the breakup of the global UHT milk market based on the type?
6. What is the breakup of the global UHT milk market based on the distribution channel?
7. What are the key regions in the global UHT milk market?
8. Who are the key companies/players in the global UHT milk market?

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