According to a new report by EMR titled, 'Global A2 Milk Market Report and Forecast 2019-2024', the global A2 milk market attained a value of USD 5.5 billion in 2018. The market is expected to grow at a rapid rate in the forecast period of 2019-2024, growing at a CAGR of 22%. The market is expected to attain an estimated value of USD 18.1 billion by 2024.
A2 milk is a type of cow's milk defined by the lack of A1 ?-casein protein. The consumption of A2 milk is thought to prevent symptoms of stomach discomfort, which usually occurs when milk products are consumed in lactose-intolerant individuals, such as gas, bloating, and diarrhoea. The global A2 milk market is dominated by the Asia Pacific. Within the Asia Pacific, China is a leading regional market for A2 milk due to its booming baby formula industry. China is one of the most important baby formula markets globally with leading players in the baby formula industry, such as Nestle, Danone, and Reckitt Benckiser, increasing their infant formula business in the region.
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The a2 Milk Company is one of the leading players within the A2 milk market. In 2017, the A2 Milk Company (OTCMKTS: ACOPF) launched A2 Platinum® brand infant formula in Hong Kong. The market has a large population of consumers for a2 milk and is also influencing the demand growth in China. In 2018, the a2 milk company also introduced its a2 Milk(TM) branded fresh milk in New Zealand. The introduction of the product in the New Zealand market took place due to the strategic association between the company and Fonterra Co-operative Group Limited.
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A2 Milk Market Breakup by End Use:
1 Liquid Milk
2 Infant formula
A2 milk finds its end-uses in liquid milk, infant formula, and others.
A2 Milk Market Breakup by Distributional Channel:
1 Supermarkets and Hypermarkets
2 Convenience and Grocery Stores
3 Online Stores
The distribution channels for A2 milk consist of supermarkets and hypermarkets, convenience and grocery stores, online stores, and others.
A2 Milk Market Breakup by Region:
1 North America
2 Asia Pacific
4 Latin America
5 Middle East and Africa
The major regions for the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
1 The market will be driven by the growth of key players in major emerging markets in the coming years.
2 The growing markets in India and China in the Asia-Pacific region are supporting the global market.
3 The increasing population is contributing to the growth of the market, especially in the infant formula segment.
4 The rising disposable incomes, as well as consumer health awareness, are expected to drive to global market growth.
5 The increasing diversity of products in the industry also aids the growth of the market, with leading market players launching brand variants such as cheese, flavoured milk, among other popular milk products.
6 The increasing number of R&D activities conducted by the manufacturers and the rising developments in the sector are expected to push the industry growth further.
Key Offerings of the Report:
1 The EMR report provides an overview of the global A2 Milk market for the periods (2014-2018) and (2019-2024).
2 The report also offers the historical (2014-2018) and forecast (2019-2024) markets for the end-user, distribution channel, and regions of A2 milk.
3 The EMR report provides the regional price analysis of A2 milk for the (2014-2018) and (2019-2024) periods.
4 The report analyses the trade data of the major importing and exporting countries by value and volume.
Competitive Landscape & Supplier Analysis:
1 The a2 Milk Company Limited
2 Freedom Foods Group Limited
3 Gujarat Cooperative Milk Marketing Federation Ltd.
4 Vietnam Dairy Products Joint Stock Company (Vinamilk)
The major key players in the global A2 milk market include The a2 Milk Company Limited, FREEDOM FOODS GROUP LIMITED, Gujarat Cooperative Milk Marketing Federation Ltd., and Vietnam Dairy Products Joint Stock Company (Vinamilk), among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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