World - Milk - Market Analysis, Forecast, Size, Trends and Insights
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Milk market: get access to the latest info secured by an Ai-driven market intelligence platform. Facts and figures cover production, market prices, exports, consumption, trade, companies, market size, and imports. There is a split by region, including China, the U.S., the U.K., Russia, Africa, Latin America, EU, and the Middle East. Market trends and outlook to 2030 are also provided in the snapshots.
Milk - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | India |
| 2 | United States |
| 3 | Pakistan |
| 4 | China |
| 5 | Brazil |
In value terms, India, the United States and Pakistan constituted the countries with the highest levels of market value in 2020, together comprising 39% of the global market. China, Brazil, New Zealand, Russia, Germany, Turkey, France, the Netherlands, Poland and the UK lagged somewhat behind, together accounting for a further 28%.
The Netherlands saw the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while milk market for the other global leaders experienced more modest paces of growth.
Milk Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Latvia | 353 | 345 | 346 | -1.0% |
| United Kingdom | 419 | 397 | 382 | -4.5% |
| Hungary | 389 | 402 | 394 | 0.6% |
| Czech Republic | 421 | 402 | 398 | -2.8% |
| Luxembourg | 402 | 388 | 399 | -0.4% |
| Slovenia | 441 | 443 | 430 | -1.3% |
| Poland | 477 | 447 | 469 | -0.8% |
| France | 491 | 481 | 471 | -2.1% |
| Germany | 487 | 485 | 477 | -1.0% |
| Austria | 469 | 480 | 522 | 5.5% |
| Belgium | 577 | 578 | 576 | -0.1% |
| Netherlands | 606 | 604 | 734 | 10.1% |
| Australia | 864 | 830 | 839 | -1.5% |
| Average | 524 | 518 | 523 | 0.0% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Australia ($839 per ton), while Latvia ($346 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 880 | 816 | 809 | -4.1% |
| Belgium | 581 | 568 | 719 | 11.2% |
| Netherlands | 618 | 558 | 568 | -4.1% |
| Russia | 519 | 522 | 545 | 2.5% |
| United Kingdom | 534 | 540 | 441 | -9.1% |
| Romania | 436 | 433 | 439 | 0.3% |
| Germany | 422 | 405 | 408 | -1.7% |
| Italy | 408 | 398 | 406 | -0.2% |
| Croatia | 419 | 423 | 406 | -1.6% |
| Ireland | 403 | 377 | 380 | -2.9% |
| Lithuania | 375 | 369 | 367 | -1.1% |
| Average | 537 | 527 | 544 | 0.6% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was China ($809 per ton), while Lithuania ($367 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.
Milk - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Germany | 1 | 0.9 | 1 | 0.5% |
| China | 0.5 | 0.6 | 0.7 | 19.5% |
| Belgium | 0.7 | 0.5 | 0.6 | -5.5% |
| Italy | 0.6 | 0.6 | 0.5 | -3.6% |
| Netherlands | 0.5 | 0.5 | 0.4 | -9.1% |
In value terms, Germany ($1B), China ($684M) and Belgium ($624M) constituted the countries with the highest levels of imports in 2020, with a combined 39% share of global imports.
Among the main importing countries, China saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Milk - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Germany | 1 | 1 | 0.9 | -3.8% |
| Belgium | 0.4 | 0.4 | 0.4 | 3.0% |
| Czech Republic | 0.4 | 0.3 | 0.4 | -1.2% |
| Poland | 0.3 | 0.3 | 0.4 | 15.4% |
| France | 0.5 | 0.4 | 0.4 | -12.4% |
In value terms, Germany ($921M) remains the largest milk supplier worldwide, comprising 16% of global exports. The second position in the ranking was occupied by Belgium ($407M), with a 7% share of global exports. It was followed by the Czech Republic, with a 6.3% share.
From 2018 to 2020, the average annual rate of growth in terms of value in Germany amounted to -3.8%. In the other countries, the average annual rates were as follows: Belgium (+3.0% per year) and the Czech Republic (-1.2% per year).
Milk - Market Forecast
Driven by rising demand for milk worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Milk - Product Coverage
- HS 040120 - Dairy produce; milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 1% but not exceeding 6%
- HS 040130 - Dairy produce; milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content exceeding 6% (by weight)
- HS 040140 - Dairy produce; milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 6% but not exceeding 10%
- HS 040150 - Dairy produce; milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 10%
- HS 040110 - Dairy produce; milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, not exceeding 1%
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 2030.
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
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ the largest producing countries
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
Company coverage:
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Producing Animals, By Country, 2023
- Producing Animals, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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This report provides an in-depth analysis of the global milk market.
468
This report provides an in-depth analysis of the global skim milk market.
799
This report provides an in-depth analysis of the global whole fresh milk market.
465
This report provides an in-depth analysis of the global cream fresh market.
1378
This report provides an in-depth analysis of the global cream market.
252
Explore the top import markets for milk based on the data provided by the IndexBox platform. Discover the countries with the highest import values for milk in 2022.
222
From the shift towards plant-based alternatives to the growing demand for organic and sustainable milk products, the milk market is undergoing significant changes.
498
The global milk market reduced to $778.1B in 2021, remaining constant against the previous year.
1215
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 tons by the end of 2030.
1346
Germany dominated in the global milk trade in 2014. In 2014, Germany exported X thousand tons of milk totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total milk exports in
2055
Developing countries are expected to display positive dynamics in per capita consumption of dairy products, due to robust income growth, expanding populations and a further globalization of diets.
203
Explore the top import markets for whole fresh milk and their import values. Germany, China, Netherlands, Belgium, Italy, and more lead the global market. Discover key statistics and insights using data from the IndexBox market intelligence platform.
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The global whole fresh milk market is estimated at $798.4B in 2018, an increase of 1.7% from 2017.
