Market Overview:
A2 milk originates from cows that only produce the A2 beta-casein protein in their milk. Conventional milk contains both A1 and A2 proteins. Some individuals experience discomfort after consuming milk containing A1 protein, while milk containing only A2 protein is easier to digest. A2 milk aims to provide an alternative to consumers who experience sensitivity to conventional milk.
Market key trends:
The growing vegan and plant-based diet trends have significantly increased the demand for plant-based milk alternatives to cow milk. The market has seen a surge in the launch of various plant-based milk like soy milk, almond milk and coconut milk. These plant-based milks are attracting both vegan consumers as well as individuals with dairy sensitivity or intolerance. The plant-based milk segment is expected to witness highest growth during the forecast period due to rise in health consciousness, lactose intolerance and shifts towards veganism.
Segment Analysis
The global A2 milk market is dominated by liquid milk segment. Liquid milk accounts for over 70% of market share owing to high consumption of fresh liquid milk consumed directly or through processed milk products. However, the powder milk segment is expected to witness highest CAGR over the forecast period owing to increasing use of powder milk in infant formula, chocolate drinks etc.
The global A2 Milk Market Trends is estimated to be valued at US$ 2036.6 Mn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global A2 milk market is expected to witness high growth, exhibiting CAGR of 9.5% over the forecast period, due to increasing awareness about the protein composition of milk and associated health benefits.
Regional analysis
Asia Pacific dominates the global A2 milk market and is expected to grow at the highest CAGR during the forecast period owing to increasing health consciousness and changing consumer preferences in countries like China and India.
Key players
Key players operating in the A2 milk market are The A2 Milk Company Limited, FREEDOM FOODS GROUP LIMITED, Fonterra Cooperative Group Limited, Vietnam Dairy Products Joint Stock Company, Gujarat Cooperative Milk Marketing Federation Ltd, Provilac Dairy Farms Private Limited, Vedaaz Organics Pvt. Ltd , Ratnawali Dairy Products LLP, Erden Creamery Private Limited.
The global A2 milk market size was valued at US$ 2036.6 Mn in 2023. The market is expected to grow exponentially in India and China due to rising health concerns and shifting preferences towards specialty milk variants in these countries.
