Global Reconstituted Milk Market Size & Outlook, 2022-2030
Global reconstituted milk market, 2017-2030 (US$M)
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Global reconstituted milk market highlights
- The global reconstituted milk market generated a revenue of USD 214,411.4 million in 2022 and is expected to reach USD 411,904.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8.5% by 2030.
- In terms of segment, whole milk accounted for a revenue of USD 105,217.4 million in 2022.
- Anhydrous milk fat is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, South Korea is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 214,411.4 million |
| Market revenue in 2030 | USD 411,904.6 million |
| Growth rate | 8.5% (CAGR from 2022 to 2030) |
| Largest segment | Whole milk |
| Fastest growing segment | Anhydrous milk fat |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skimmed milk, Whole milk, Anhydrous milk fat, Unsalted frozen butter |
Other key industry trends
- In terms of revenue, the North America accounted for 9.9% of the global reconstituted milk market in 2022.
- By country, the ANZ is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 6,846.4 million by 2030.
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Reconstituted Milk Market Scope
Reconstituted Milk Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global reconstituted milk market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to reconstituted milk market will help companies and investors design strategic landscapes.
Whole milk was the largest segment with a revenue share of 49.07% in 2022. Horizon Databook has segmented the Global reconstituted milk market based on skimmed milk, whole milk, anhydrous milk fat, unsalted frozen butter covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Reconstituted Milk Source Outlook (Revenue, USD Million, 2017-2030)
- Skimmed milk
- Whole milk
- Anhydrous milk fat
- Unsalted frozen butter
- Global Reconstituted Milk Application Outlook (Revenue, USD Million, 2017-2030)
- Milk
- Cheese
- Yoghurt
- Ice Cream
- Others
- Global Reconstituted Milk Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- B2B
- B2C
- Online sales
- Hypermarkets/supermarkets
- Wholesale stores
- Others
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Our clientele includes a mix of reconstituted milk market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global reconstituted milk market , including forecasts for subscribers. This global databook contains high-level insights into Global reconstituted milk market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global reconstituted milk market size, by regions, 2017-2030 (US$M)
Top 10 countries: Reconstituted milk market size, 2022 (US$M)
Global reconstituted milk market share, by source, 2022 & 2030 (%, US$M)
Reconstituted milk market: Opportunity assessment by country
Global reconstituted milk market, by region, 2022 (US$M)
| Source | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 16,622.5 | 17,510.6 | 18,420.6 | 19,352.4 | 20,306.1 | 21,281.5 | 22,478.0 | 23,925.9 | 25,663.3 | 27,737.4 | 30,207.1 | 33,145.0 | 36,641.2 | 40,807.9 | 8.5% |
| Europe | 36,132.0 | 37,942.6 | 39,788.2 | 41,668.2 | 43,582.3 | 45,529.8 | 47,935.3 | 50,858.7 | 54,375.5 | 58,579.6 | 63,587.6 | 69,543.9 | 76,627.5 | 85,060.2 | 8.1% |
| Asia Pacific | 75,689.3 | 79,707.7 | 83,822.9 | 88,034.7 | 92,343.1 | 96,747.7 | 102,154.0 | 108,699.1 | 116,554.6 | 125,934.1 | 137,102.4 | 150,387.9 | 166,197.4 | 185,036.7 | 8.4% |
| Latin America | 22,956.0 | 24,241.2 | 25,562.8 | 26,920.8 | 28,315.6 | 29,747.2 | 31,495.2 | 33,604.3 | 36,130.8 | 39,144.3 | 42,731.2 | 46,998.8 | 52,079.8 | 58,139.7 | 8.7% |
| MEA | 15,878.2 | 16,854.2 | 17,864.5 | 18,909.4 | 19,989.5 | 21,105.2 | 22,456.1 | 24,077.6 | 26,013.7 | 28,319.3 | 31,061.9 | 34,325.7 | 38,215.1 | 42,860.1 | 9.3% |
| Overall | 167,278.0 | 176,256.4 | 185,459.0 | 194,885.6 | 204,536.5 | 214,411.4 | 226,518.5 | 241,165.6 | 258,737.8 | 279,714.6 | 304,690.2 | 334,401.2 | 369,761.1 | 411,904.6 | 8.5% |
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