According to a new report by Expert Market Research titled, ‘Global A2 Milk Market Report and Forecast 2019-2024’, the global A2 milk market attained a value of USD 5.5 billion in 2018. The market is expected to grow at a rapid rate in the forecast period of 2019-2024, growing at a CAGR of 22%. The market is expected to attain an estimated value of USD 18.1 billion by 2024.
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A2 milk is a type of cow’s milk defined by the lack of A1 β-casein protein. The consumption of A2 milk is thought to prevent symptoms of stomach discomfort, which usually occurs when milk products are consumed in lactose-intolerant individuals, such as gas, bloating, and diarrhoea. The global A2 milk market is dominated by the Asia Pacific. Within the Asia Pacific, China is a leading regional market for A2 milk due to its booming baby formula industry. China is one of the most important baby formula markets globally with leading players in the baby formula industry, such as Nestle, Danone, and Reckitt Benckiser, increasing their infant formula business in the region.
The a2 Milk Company is one of the leading players within the A2 milk market. In 2017, the A2 Milk Company (OTCMKTS: ACOPF) launched A2 Platinum® brand infant formula in Hong Kong. The market has a large population of consumers for a2 milk and is also influencing the demand growth in China. In 2018, the a2 milk company also introduced its a2 Milk™ branded fresh milk in New Zealand. The introduction of the product in the New Zealand market took place due to the strategic association between the company and Fonterra Co-operative Group Limited.
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A2 Milk Market Breakup by End Use:
1 Liquid Milk
2 Infant formula
3 Others
A2 Milk Market Breakup by Distributional Channel:
1 Supermarkets and Hypermarkets
2 Convenience and Grocery Stores
3 Online Stores
4 Others
A2 Milk Market Breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
1 The a2 Milk Company Limited
2 Freedom Foods Group Limited
3 Gujarat Cooperative Milk Marketing Federation Ltd.
4 Vietnam Dairy Products Joint Stock Company (Vinamilk)
5 Others
Related Report:
Milk Powder Market: https://www.expertmarketresearch.com/reports/milk-powder-market
UHT Milk Market: https://www.expertmarketresearch.com/reports/uht-milk-market
Fresh Milk Market: https://www.expertmarketresearch.com/reports/fresh-milk-market
Milk Packaging Market: https://www.expertmarketresearch.com/reports/milk-packaging-market
Anhydrous Milk Fat (Butter Oil) Market: https://www.expertmarketresearch.com/reports/anhydrous-milk-fat-butter-oil-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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