The global UHT milk market size was US$ 62.1 billion in 2021. The global UHT milk market is forecast to grow to US$ 99.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 8.9% during the forecast period from 2022 to 2030.
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UHT Milk, also known as ultra-high temperature milk, is treated and sanitized by the UHT pasteurization process. The process eliminates bacteria from the milk and preserves essential nutrients. This usually entails heating the milk for 1 or 2 seconds to a temperature above 135�C. As a result, it also extends the shelf life of the milk without the need for additives.
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Influencing the Market
The UHT milk is typically required by young individuals for regular nutrition needs. Moreover, hotels and restaurants use UHT milk due to its high shelf life and purity. Moreover, the fact that it requires less chilling makes it suitable for hostel students. Thus, it will accelerate the demand for UHT milk during the forecast period.
The rising global population and increasing demand for milk will offer ample growth opportunities for the UHT milk market during the study period. The market may also witness substantial growth due to the growing user base on online grocery delivery websites.
Rising health consciousness among people and their growing nutrition needs will also fuel the growth of the UHT milk market during the analysis period.
Furthermore, favorable government policies to distribute milk among children will also benefit the UHT milk market. In addition, growing interest in athletics and gyms will prompt the demand for UHT milk during the forecast period.
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COVID-19 Impact Analysis
The demand for UHT milk grew due to the COVID-19 pandemic. Dairy protein intake was considered essential to combat the risk of infection. As a result, it upsurged the demand for UHT milk. Moreover, sudden growth in the rate of healthy diet intake boosted the growth of the UHT milk market.
Regional Analysis
Europe is forecast to hold the highest share in the UHT milk market, followed by Asia-Pacific. The demand for UHT milk is growing in European countries like Germany, Belgium, and the Netherlands. Furthermore, growing per capita income and rising interest in athletics are driving the growth of this regional market.
The Asia-Pacific UHT milk market will also record considerable growth due to the rapidly growing population of the region. Furthermore, rising awareness related to the health benefits of UHT milk, combined with the growing inclination towards healthy diet habits, will contribute to the growth of the UHT milk market during the study period.
Competitors in the Market
? Albea Group
? Amcor Ltd
? First milk
? Ardagh Group
? Bemis Company, Inc.
? Mondi plc
? Koa Glass Co. Ltd.
? Bormioli Rocco Spa
? Saint-Gobain
? MeadWestvaco Corp.
? Sonoco Products Company
? A2 Corporation
? Mother dairy
? Other Prominent Players
Market Segmentation
The global UHT milk market segmentation focuses on fat Content, Product, and Region.
By Fat Content
? Whole
? Semi Skimmed
? Skimmed
By Product
? Flavored
? Unflavored
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By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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