Transparency
Market Research has published a new report on the global UHT milk
market. As per the report, the global UHT milk market is expected to
progress from US$60.8 bn in 2012 to US$137.7 bn by 2019. The report,
titled ‘UHT Milk Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2013 - 2019,’ states that the market is
expected to have a 12.80% CAGR during the period between 2013 and
2019. This growth will be attributable to the rising influence of the
Western culture, greater demand for sterilized milk, less
refrigeration space for preserving non-UHT milk, and the presence of
low-priced brands.
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UHT,
i.e. ultra heat treatment, is a process by which milk is purified by
heating it for 2 seconds at more than 135 degree centigrade. This
eradicates spores from the milk and makes it bacteria-free. UHT milk
does not require refrigeration, making it one of the best substitutes
for common milk. This increases the shelf life of the milk, making it
an ideal purchase over the conventional milk. The longer shelf life
of UHT milk (around six to nine months without refrigeration) is
currently driving the global UHT milk market. Currently, many leading
players and private milk brands are introducing UHT milk at a low
cost, especially in emerging economies. All these factors are
expected to propel the global UHT milk market in the years to come.
Consumers’
concerns over the loss of nutritional value during the process of
heat treating milk is expected to hamper the growth of the global UHT
milk market in the years to come. Moreover, the presence of abundant
local unorganized milk markets and the lack of awareness among people
about UHT milk, especially in developing countries, are two of the
factors expected to hamper the growth of the global UHT milk market
in the near future. However, new dietary trends are expected to offer
new growth opportunities in the global UHT milk market in the next
few years.
By
geography, the global UHT
milk market is divided into Asia Pacific, Europe, North
America, and Rest of the World. In 2012, Europe led the global UHT
milk market. However, Asia Pacific is predicted to be the
fastest-growing market for UHT milk in the coming few years owing to
the growing base of the urban population in China. The China UHT milk
market is growing at a rapid pace. More than 60% of the total milk
consumed in China is UHT milk. By 2030, China is expected to add 300
million to 400 million people to its urban areas. The urban
population is highly influenced by the Western culture of consuming
packaged milk due to better income levels.
Some
of the prominent companies in the global UHT milk market are Bongrain
SA, Arla Foods, Inner Mongolia Yili Group Company Limited, Fonterra
Co-operative Group Limited, Nestle SA, Sodiaal Group, Murray Goulburn
Co-operative Co. Limited, Danone Group, and Lactalis Group.
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