The Market value (retail sales value) of the Global Milk Industry attained a value of USD 203,944.00 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.24 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The global milk industry recorded a single-digit YoY growth in 2020, and a low single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Nestle, Yili Group, Groupe Lactalis SA, China Mengniu Dairy Company Limited, and Royal FrieslandCampina N.V. held the top five leading market positions in the global milk industry. The top five players held a significant market share in the global milk industry in 2020.
Yili, Nestle, Mengniu, Meiji, and Amul were the leading brands in the milk industry.
Milk products include all types of dairy milk including flavoured and unflavoured milk, long life milk, condensed milk, buttermilk, milkshake drinks, and excludes soy milk and rice milk and yoghurt-based smoothie/"thickie" drinks.
Nestle leads the global milk industry
Nestle was the leading company (by value) in the global milk market in 2020, with more than 15 brands under its trademark. Nestle brand was the biggest contributor to the company’s global milk sales. Nespray, Bear Brand, Dancow, and Milkpak are some of the other major milk brands covering the global milk market under the trademark of Nestle.
Yili Group ranked second in the global milk industry
Yili Group was the second largest company (by value) in the global milk market in 2020. Yili, and Shu Hua Milk are some of the prominent brands selling milk products worldwide under the trademark of Yili Group. Among the brands, the Yili brand contributed maximum sales by value.
The other leading market positions in the global milk market were held by Groupe Lactalis SA, China Mengniu Dairy Company Limited, and Royal FrieslandCampina N.V.
Groupe Lactalis SA, China Mengniu Dairy Company Limited, and Royal FrieslandCampina N.V. were among some of the other prominent companies in the global milk market, owning major brands like Parmalat, Mengniu, and Foremost, respectively.
Market Fragmentation: The global milk industry is highly fragmented with the top five companies together accounting for nearly a fifth of the global milk market (by value) in 2020
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