The global A2 Milk Infant Formula Market Size stood at US $2.91 Billion in 2022 and is poised to register 12.48% growth over the forecast period from 2023 to 2030. Key market driving forces including increasing awareness and consumption of A2 milk, rise in consumer spending and urbanization, rise in health consciousness among consumers, and increase in product awareness & knowledge through advertisements are identified among the main market dynamics
A2 Milk Infant Formula Market Analysis
The consumption of A2 milk helps in preventing the symptoms of stomach discomfort such as bloating, diarrhea, and gas. Apart from this, it is also a rich source of omega-3 fatty acids which is proven to help in the overall growth and development of the human body. The demand for this product is expected to increase owing to the health concerns of the consumers and growing awareness of the benefits of A2 milk such as the reduction in the risk of heart diseases, and dairy-related inflammation, and a great alternative for mother’s milk, thereby driving the growth of this market. The application of A2 milk as an ingredient in infant formulas has gained high traction. This is due to its easier digestive properties as compared to conventional milk. Hence, several multinational brands are gradually developing and launching infant formulas manufactured using A2 milk as an ingredient.
As we all know, mother’s milk is very important for infants to ensure good health and growth. But there are many cases where mothers are unable to feed a sufficient amount of milk to their children. In such cases, A2 milk is a great alternative, as it is quite comparable to a mother’s milk. Many new infant food products are being launched every year by various manufacturers, which is boosting the share of A2 milk infant formula in the market. Some of the big dairy product manufacturing companies are launching new products containing A2 milk, such as A2 protein infant formulae, which is also expected to generate great demand for A2 milk.
According to the 2020-2025 U.S. Dietary Guidelines for Americans (DGAs) provided by the Infant Nutrition Council of America (INCA), the U.S Departments of Agriculture (USDA) and Health and Human Services (HHS), commercial, iron-fortified infant formula was the only safe and recommended alternative for those who cannot or choose not to use breast milk in the United States. Moreover, there are consumers, especially in developed countries, who are willing to pay premium amounts for such products, owing to the general perception of these products being healthier and safer compared to conventional products. There are also stringent regulatory scenarios that create high entry barriers for new entrants in the market. Moreover, there is a significant investment needed in the R&D sector, which makes small companies be acquired or work in partnership with big players, which is highly beneficial for the market.
Market Dynamics
Market Trend- Increasing Awareness and Consumption of A2 Milk
Milk is a daily food ingredient that is used in various dairy products. Milk is consumed globally as a healthy food since it contains various nutrients that are necessary for human as well as animal health. One of the major nutrients in milk is fat, which is considered to be good. The fat content in a2 milk is higher as compared to regular milk. In regular milk, the fat content is around 3.6%, whereas, in a2 milk, it is around 4.8% fat. A2 milk is popular among consumers. Other benefits of this type of milk include high protein content and free of hormones and antibiotics.
Milk consumption has been on the decline for decades. Part of the cause for this is due to changes in consumer behavior and interest in healthy eating. A2 milk is a newcomer type of product containing only A2 beta-casein that is spreading in many countries of the world as a functional food. In addition, it is produced by traditional breeds of cattle that are adapted to the marginal areas and could be a virtuous model of the sustainable management system to which the consumer lately seems to turn in an increasingly conscious way. A2 milk has more nutritional value than regular milk since it contains nutrients such as calcium, potassium, vitamin D, and protein. Milk that is free from a1 beta-casein and rich in a2 beta-casein has been found by many people to be easier as far as digestion is concerned. A2 milk reduces heart disease risk and dairy-related inflammation.
Market Driver- Rise in Consumer Spending and Urbanization
Consuming milk might trigger side effects in some people. Regular milk can lead to indigestion and bloating in many people due to the presence of lactose and high levels of BCM-7. The increasing prevalence of lactose intolerance among consumers is increasing the consumption of alternative milk such as A2 milk infant formula. It also has a high content of Omega 3, which helps in cleaning deposited cholesterol from blood vessels. A2 protein in cow’s milk also prevents cancer. Some of the leading manufacturers of A2 milk infant formula claim that it also has more protein as compared to regular milk. As such, consumers are inclined towards A2 milk infant formula after comparing the nutritional value, which is escalating the demand for the product all over the world.
The trend of eating healthy food is increasing among consumers, globally. Milk is considered to be one of the most consumed foods, globally. Milk is consumed to a large extent, as it is considered a healthy product. But there is an increasing number of people who are not able to consume milk and milk products due to indigestion problems. A2 milk is easier to digest, and that’s why it has great demand among consumers as a healthy food that can be digested easily. Bound to all the above driving factors, it is anticipated that, the global A2 milk infant formula market would proliferate in terms of volume and value during the forecast period.
Market Segmentation
The global A2 Milk Infant Formula Market is segmented into Types, Distribution Channels, and Countries.
7-12 Months Formula is the global largest market in 2022
There is no replacement for mothers’ milk, but there are other healthy options, like A2 milk infant formula. The formula is a good and convenient way to ensure that the baby gets the right amount of nutrition. Formula feeding should be in response to the infant’s needs and not based on a predetermined schedule. Look for cues of hunger and fullness to determine both when to feed and how much. The amount of formula an infant takes would decrease as the baby increases its intake of solid foods, but the formula remains a significant source of calories, protein, calcium, and vitamin D for the first year of life.
The grocery and Conveniences store segment is the fastest-growing market during the forecast period
Both convenience and grocery stores stock food and packaged consumer goods. Convenience stores are geared toward short shopping trips for one or just a few items, while grocery pricing and logistics encourage large shopping trips to stock up on food and household supplies. Convenience stores are typically small in size and are open for extended hours which gives the customers access to the products more easily. Grocery stores specialize in the selling of food, both fresh and pre-packaged, as well as non-food household goods. In addition, a grocery store will also sell a full range of household, healthcare, and personal care items.
North America accounts for the highest market size for the period 2023 to 2030
North America is the largest market for A2 Milk Infant Formula, predominantly driven by organic food consumption habits in the US markets.
In the U.S. more attention is given to ingredients used by manufacturers. The preference for healthy foods has encouraged companies operating in the U.S. to expand their portfolios. The trend toward the acquisition of smaller companies at lower costs is likely to continue shortly. Kroger, Walmart, Costco, and Safeway are the major source of distribution of A2 milk in the US. The USA is an important market, and the market continues to evaluate product, distribution, and supply chain opportunities to increase the scale and profitability of the business. The growth in A2 milk stands in stark contrast to the overall U.S. dairy industry which has been in steep decline for the last several years. According to the 2020-2025 U.S. Dietary Guidelines for Americans (DGAs)provided by the Infant Nutrition Council of America (INCA), the U.S Departments of Agriculture (USDA) and Health and Human Services (HHS), commercial, iron-fortified infant formula was the only safe and recommended alternative for those who cannot or choose not to use breast milk in the United States.
In September 2022, infant formula brand Enfamil launched a new, FDA-regulated line containing only A2 milk proteins and the omega-3 protein DHA, a key building block in brain and eye development. Innovation in the milk segment is an attractive proposition to consumers. Focusing on A2 protein is an innovative approach to milk that has been a bright spot in an otherwise limp industry, and Enfamil is grasping onto this trend for its infant formulas. The World Health Organization recommends a total amount of DHA that ranges from 0.2% to 0.36% of an infant’s total fatty acid intake. Enfamil’s A2 formula has a total DHA content of 0.32%.
Segmentation
By Type
By Distribution Channels
By Region
Key Players
Leading companies profiled in the study include-
A2 Milk Infant Formula Market Outlook 2023
1 Market Overview
1.1 Introduction to A2 Milk Infant Formula Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 A2 Milk Infant Formula Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global A2 Milk Infant Formula Market Companies with Area Served
4.2.2 Products Offerings Global A2 Milk Infant Formula Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global A2 Milk Infant Formula Market Trends
6.1 Global A2 Milk Infant Formula Revenue (USD Million) and CAGR (%) by Type (2018-2028)
6.2 Global A2 Milk Infant Formula Revenue (USD Million) and CAGR (%) by Applications (2018-2028)
6.3 Global A2 Milk Infant Formula Revenue (USD Million) and CAGR (%) by Regions (2018-2028)
7 Global A2 Milk Infant Formula Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global A2 Milk Infant Formula Revenue (USD Million) by Type (2018-2022)
7.1.1 Global A2 Milk Infant Formula Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global A2 Milk Infant Formula Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global A2 Milk Infant Formula Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global A2 Milk Infant Formula Development Regional Status and Outlook
8.1 Global A2 Milk Infant Formula Revenue (USD Million) By Regions (2018-2022)
8.2 North America A2 Milk Infant Formula Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America A2 Milk Infant Formula Revenue (USD Million) by Country (2018-2022)
8.2.2 North America A2 Milk Infant Formula Revenue (USD Million) by Type (2018-2022)
8.2.3 North America A2 Milk Infant Formula Revenue (USD Million) by Applications (2018-2022)
8.3 Europe A2 Milk Infant Formula Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe A2 Milk Infant Formula Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe A2 Milk Infant Formula Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe A2 Milk Infant Formula Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific A2 Milk Infant Formula Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) by Applications (2018-2022)
8.5 South America A2 Milk Infant Formula Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America A2 Milk Infant Formula Revenue (USD Million), by Country (2018-2022)
8.5.2 South America A2 Milk Infant Formula Revenue (USD Million) by Type (2018-2022)
8.5.3 South America A2 Milk Infant Formula Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global A2 Milk Infant Formula Market Revenue (USD Million), by Type, and Applications (2023-2028)
10.1 Global A2 Milk Infant Formula Revenue (USD Million) and Market Share (%) by Type (2023-2028)
10.1.1 Global A2 Milk Infant Formula Revenue (USD Million), and Market Share (%) by Type (2023-2028)
10.2 Global A2 Milk Infant Formula Revenue (USD Million) and Market Share (%) by Applications (2023-2028)
10.2.1 Global A2 Milk Infant Formula Revenue (USD Million), and Market Share (%) by Applications (2023-2028)
11 Global A2 Milk Infant Formula Development Regional Status and Outlook Forecast
11.1 Global A2 Milk Infant Formula Revenue (USD Million) By Regions (2023-2028)
11.2 North America A2 Milk Infant Formula Revenue (USD Million) by Type, and Applications (2023-2028)
11.2.1 North America A2 Milk Infant Formula Revenue (USD) Million by Country (2023-2028)
11.2.2 North America A2 Milk Infant Formula Revenue (USD Million), by Type (2023-2028)
11.2.3 North America A2 Milk Infant Formula Revenue (USD Million), Market Share (%) by Applications (2023-2028)
11.3 Europe A2 Milk Infant Formula Revenue (USD Million), by Type, and Applications (2023-2028)
11.3.1 Europe A2 Milk Infant Formula Revenue (USD Million), by Country (2023-2028)
11.3.2 Europe A2 Milk Infant Formula Revenue (USD Million), by Type (2023-2028)
11.3.3 Europe A2 Milk Infant Formula Revenue (USD Million), by Applications (2023-2028)
11.4 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) by Type, and Applications (2023-2028)
11.4.1 Asia Pacific A2 Milk Infant Formula Revenue (USD Million), by Country (2023-2028)
11.4.2 Asia Pacific A2 Milk Infant Formula Revenue (USD Million), by Type (2023-2028)
11.4.3 Asia Pacific A2 Milk Infant Formula Revenue (USD Million), by Applications (2023-2028)
11.5 South America A2 Milk Infant Formula Revenue (USD Million), by Type, and Applications (2023-2028)
11.5.1 South America A2 Milk Infant Formula Revenue (USD Million), by Country (2023-2028)
11.5.2 South America A2 Milk Infant Formula Revenue (USD Million), by Type (2023-2028)
11.5.3 South America A2 Milk Infant Formula Revenue (USD Million), by Applications (2023-2028)
11.6 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million), by Type, and Applications (2023-2028)
11.6.1 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million), by Region (2023-2028)
11.6.2 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million), by Type (2023-2028)
11.6.3 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million), by Applications (2023-2028)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List Of Tables
Table 1 Market Segmentation Analysis
Table 2 Global A2 Milk Infant Formula Market Companies with Areas Served
Table 3 Products Offerings Global A2 Milk Infant Formula Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global A2 Milk Infant Formula Revenue (USD Million) And CAGR (%) By Type (2018-2028)
Table 8 Global A2 Milk Infant Formula Revenue (USD Million) And CAGR (%) By Applications (2018-2028)
Table 9 Global A2 Milk Infant Formula Revenue (USD Million) And CAGR (%) By Regions (2018-2028)
Table 10 Global A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Table 11 Global A2 Milk Infant Formula Revenue Market Share (%) By Type (2018-2022)
Table 12 Global A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Table 13 Global A2 Milk Infant Formula Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global A2 Milk Infant Formula Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global A2 Milk Infant Formula Market Share (%) By Regions (2018-2022)
Table 16 North America A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Table 17 North America A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Table 18 North America A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Table 20 Europe A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Table 21 Europe A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Table 25 South America A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Table 26 South America A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Table 27 South America A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Table 33 Global A2 Milk Infant Formula Revenue Market Share (%) By Type (2023-2028)
Table 34 Global A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Table 35 Global A2 Milk Infant Formula Revenue Market Share (%) By Applications (2023-2028)
Table 36 Global A2 Milk Infant Formula Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)
Table 37 North America A2 Milk Infant Formula Revenue (USD)By Country (2023-2028)
Table 38 North America A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Table 39 North America A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Table 40 Europe A2 Milk Infant Formula Revenue (USD Million) By Country (2023-2028)
Table 41 Europe A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Table 42 Europe A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Table 43 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Country (2023-2028)
Table 44 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Table 45 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Table 46 South America A2 Milk Infant Formula Revenue (USD Million) By Country (2023-2028)
Table 47 South America A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Table 48 South America A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Table 49 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Region (2023-2028)
Table 50 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Region (2023-2028)
Table 51 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Table 52 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List Of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Figure 4 Global A2 Milk Infant Formula Revenue Market Share (%) By Type (2022)
Figure 5 Global A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global A2 Milk Infant Formula Revenue Market Share (%) By Applications (2022)
Figure 7 Global A2 Milk Infant Formula Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global A2 Milk Infant Formula Market Share (%) By Regions (2022)
Figure 9 North America A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Figure 10 North America A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Figure 11 North America A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America A2 Milk Infant Formula Revenue (USD Million) By Country (2018-2022)
Figure 19 South America A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Figure 20 South America A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Figure 25 Global A2 Milk Infant Formula Revenue Market Share (%) By Type (2028)
Figure 26 Global A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Figure 27 Global A2 Milk Infant Formula Revenue Market Share (%) By Applications (2028)
Figure 28 Global A2 Milk Infant Formula Market Revenue (USD Million) By Regions (2023-2028)
Figure 29 North America A2 Milk Infant Formula Revenue (USD Million) By Country (2023-2028)
Figure 30 North America A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Figure 31 North America A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Figure 32 Europe A2 Milk Infant Formula Revenue (USD Million) By Country (2023-2028)
Figure 33 Europe A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Figure 34 Europe A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Figure 35 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Country (2023-2028)
Figure 36 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Figure 37 Asia Pacific A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Figure 38 South America A2 Milk Infant Formula Revenue (USD Million) By Country (2023-2028)
Figure 39 South America A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Figure 40 South America A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Figure 41 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Region (2023-2028)
Figure 42 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Region (2023-2028)
Figure 43 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Type (2023-2028)
Figure 44 Middle East and Africa A2 Milk Infant Formula Revenue (USD Million) By Applications (2023-2028)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
The global A2 Milk Infant Formula Market Size stood at US $2.91 Billion in 2022.
The market is poised to register 12.48% growth over the forecast period from 2023 to 2030
Gujarat Cooperative Milk Federation Ltd (Amul), The A2 Milk Company Ltd, Erden Creamery Private Limited, Provilac Dairy Farms Private Limited, Fonterra Co-operative Group Limited, Vinamilk, Freedom Foods Group Limited, Lion Dairy & Drinks, Vrindavan Dairy Farm, Kesariya Farm Pvt ltd.
7-12 Months A2 Milk Infant Formula, Grocery and Conveniences store, and Asia Pacific are the fastest-growing segments in the market.