PUBLISHER: KBV Research | PRODUCT CODE: 1384590
PUBLISHER: KBV Research | PRODUCT CODE: 1384590
The Asia Pacific A2 Milk Market would witness market growth of 17.9% CAGR during the forecast period (2023-2030).
Growing consumer awareness of and preference for sustainable and organic products is another important factor impacting the market. As more people become conscious of the environmental and ethical aspects of food production, there is a rising demand for A2 milk sourced from cows raised in ethical and environmentally responsible conditions. This trend has led to the emergence of organic producers and a greater focus on sustainable and humane farming practices in the A2 milk industry.
The competitive landscape of the market has also seen noteworthy developments in recent years. Established dairy giants have entered the A2 milk segment by launching their products or acquiring A2 milk producers, reflecting the industry's growth potential. At the same time, smaller, independent brands have carved out their niches, often focusing on quality and authenticity to distinguish themselves from larger competitors. This diversity within the market has given consumers a wide range of options and has encouraged innovation.
Consumer education and communication have been pivotal in shaping the market's recent trajectory. Various stakeholders, including A2 milk producers, health professionals, and industry associations, have been active in disseminating information about the potential benefits of A2 milk and the differences between A1 and A2 milk. This concerted effort has contributed to raising awareness and influencing consumer choices in Favor of A2 milk.
India, with its rising middle class and a dairy industry undergoing transformation, has witnessed substantial growth in the market. Notably, dairy companies in India, such as Amul and Mother Dairy, have introduced A2 milk variants. Amul, one of India's leading dairy cooperatives, launched "Amul Deshi A2 Cow Milk," focusing on the traditional and nutritious aspects of A2 milk. These dairy companies have recognized the potential of A2 milk in meeting the preferences of the burgeoning middle class, who seek dairy products with perceived health benefits and superior nutritional value. Therefore, the region presents lucrative growth opportunities for the market.
The China market dominated the Asia Pacific Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,368.8 Million by 2030. The Japan market is registering a CAGR of 17% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 18.6% during (2023 - 2030).
Based on Product, the market is segmented into Liquid, and Powder. Based on Packaging, the market is segmented into Cartons, Bottles, and Others. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Stores, Online, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vietnam Dairy Products Joint Stock Company, Erden Creamery Pvt Ltd, Vrindavan Dairy LLP, KESARIYA FARM PVT LTD, Sid's Farm Private Limited, Amul (The Gujarat Co-operative Milk Marketing Federation Ltd.), The a2 Milk Company Limited, Fonterra Co-operative Group Limited, Nestle S.A, Provilac Dairy Farms Pvt. Ltd.
Market Segments covered in the Report:
By Product
By Packaging
By Distribution Channel
By Country
Companies Profiled
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