Summary

The global UHT milk market size reached 124.3 Billion Litres in 2023. Looking forward, IMARC Group expects the market to reach 199.0 Billion Litres by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032. The rising demand for convenience foods with a long shelf-life, inflating disposable incomes, and advancements in processing technologies represent some of the key factors driving the market.

Rising Demand for Convenient and Long-Lasting Milk Products Driving the Market

The increasing demand for milk products with an extended shelf-life is the leading factor driving the growth of the global UHT milk market. Hectic lifestyles, longer working hours, and a growing preference for easy-to-use and ready-to-eat products are driving product sales. In addition, the demand is exceptionally high in countries where refrigeration and cold-chain infrastructure is weak or non-existent. In such regions, UHT milk is preferred due to its long life and the ability to be stored at room temperature.

Moreover, there is currently a rise in the apartment culture with restricted or little refrigeration space, which is driving the product demand. Apart from this, awareness regarding the benefits of UHT milk over conventional milk has been increasing continuously, driven by an increase in marketing initiatives by manufacturers through various advertising mediums such as newspapers, television, etc. This is also expected to positively impact the global demand for UHT milk.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market is dominated by a few major players operating in the industry due to high capital investments and barriers to entering the market. The volume of new entrants is low due to the capital-intensive nature of the UHT milk industry and the requirement of significant investment in technology, processing equipment, packaging, and distribution.

What is UHT Milk?

UHT milk is shelf-stable milk that undergoes sterilization and heating at elevated temperatures. The heating process removes pathogens, bacteria, and other spoilage-causing organisms. The UHT process is different from regular pasteurization, which only heats the milk to a lower temperature and does not make it sterile. UHT milk has a longer shelf life of several months and does not need to be refrigerated until it is opened. It is also a rich source of essential nutrients, including calcium, phosphorus, potassium, riboflavin, zinc, vitamins A and B12, and magnesium. The high temperature during the process also gives it a distinct taste and aroma, which varies depending on the type of milk used.

COVID-19 Impact:

The COVID-19 pandemic led to a surge in demand for UHT milk as consumers stockpiled non-perishable food items due to lockdowns and restrictions on movement. As a result, panic buying and hoarding food products, including UHT milk, caused temporary supply disruptions and increased prices.

However, the pandemic also brought significant challenges to the global food supply chain, including the dairy industry. Supply chain disruptions and logistics challenges led to reduced production and distribution capacity. These challenges have impacted the availability and affordability of UHT milk, with many countries experiencing shortages. Significant reliance on the workforce and a complex supply chain have led to production restrictions and, in some cases, closures. Furthermore, the closure of milk collection centers led to a shortage of raw milk for the production of UHT milk.

As a result of the pandemic-related constraints on goods transportation, road movement restrictions, rising production expenses, shortage of operating capital, and labor scarcity, numerous businesses suffered losses. Nonetheless, the growing consumer demand for UHT milk attracted a slew of new participants to the UHT milk market segment.

UHT Milk Market Trends:

The inflating disposable incomes and rising urbanization in developing countries are among the key factors driving the demand for UHT milk. In addition, as people move to cities and adopt more modern lifestyles, the need for convenience and RTD products is increasing.

Apart from this, advancements in UHT milk processing technology are also driving the growth of the market. Modern technologies, such as aseptic packaging, have improved the efficiency and effectiveness of UHT milk processing, leading to higher-quality products and reduced costs. Additionally, the development of new flavors and packaging designs has expanded the range of UHT milk products available to consumers with diverse preferences. Moreover, key vendors are introducing new products at lower prices to attract consumers from low economic groups.

Furthermore, government support and investments in the dairy industry are also contributing to the market growth. Many governments across the globe are providing subsidies, grants, and other incentives to promote dairy farming and processing. Additionally, initiatives to improve the cold-chain infrastructure and logistics are expected to boost the availability and affordability of UHT milk in many regions.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global UHT milk market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on type and distribution channel.

Type Insights:

Whole
Semi-Skimmed
Skimmed

The report has provided a detailed breakup and analysis of the UHT milk market based on the type. This includes whole, semi-skimmed, and skimmed. According to the report, whole UHT milk represented the largest segment due to its rich and creamy taste, easy availability, and presence of fat-soluble vitamins and minerals. Moreover, it finds extensive application across hotels, restaurants, cafes, office workspaces, and other institutional spaces.

Distribution Channel Insights:

Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Retail
Others

A detailed breakup and analysis of the UHT milk market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, convenience stores, specialty stores, online retail, and others. According to the report, supermarkets and hypermarkets accounted for the largest market share as they offer a one-stop shop for consumers and a wide range of UHT milk products, including assorted flavors, brands, and packaging sizes.

Regional Insights:

European Union
Asia
North America
Latin America
Eastern Europe
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include the European Union, Asia, North America, Latin America, Eastern Europe, and the Middle East and Africa. According to the report, Asia was the largest market for UHT milk. Some of the factors driving the Asia UHT milk market included a lack of cold chain infrastructure, rising disposable incomes, and improving standards of living coupled with a large population. In addition, the presence of emerging economies such as China and India works as a driving force for the Asia Pacific region. The longer shelf life of UHT milk is also a factor that contributes to its popularity among learners living in hostels and people who travel frequently. The rise in the number of product innovations such as the addition of organic and flavored content by market players is another factor driving the growth of the market. The demand for lactose-free milk is also growing as the number of lactose-intolerant people in the region increases.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global UHT milk market. Some of the companies covered in the report include:

Lactalis International
Nestlé S.A.
Fonterra Co-operative Group Limited
Danone S.A.
Arla Foods Amba
Royal FrieslandCampina N.V.
Dairy Farmers of America Inc.
Saputo Inc.
Dean Foods
Yili Group

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global UHT milk market in 2023?
2. What is the expected growth rate of the global UHT milk market during 2024-2032?
3. What has been the impact of COVID-19 on the global UHT milk market?
4. What are the key factors driving the global UHT milk market?
5. What is the breakup of the global UHT milk market based on the type?
6. What is the breakup of the global UHT milk market based on the distribution channel?
7. What are the key regions in the global UHT milk market?
8. Who are the key companies/players in the global UHT milk market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global UHT Milk Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Region
5.6 Market Breakup by Type
5.7 Market Breakup by Distribution Channel
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Raw Material Procurement
5.10.2 Manufacturing
5.10.3 Marketing and Distribution
5.10.4 Retailers
5.10.5 Exporters
5.10.6 End-Consumers
5.11 Porter’s Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Key Success Factors and Risk Factors
6 Performance of Key Regions
6.1 European Union
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Asia
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 North America
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Latin America
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Eastern Europe
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Middle East and Africa
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Type
7.1 Whole
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Semi-Skimmed
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Skimmed
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Convenience Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Retail
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Competitive Landscape
10 UHT Milk Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utility Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Player Profiles
14.1 Lactalis International
14.2 Nestlé S.A.
14.3 Fonterra Co-operative Group Limited
14.4 Danone S.A.
14.5 Arla Foods Amba
14.6 Royal FrieslandCampina N.V.
14.7 Dairy Farmers of America Inc.
14.8 Saputo Inc.
14.9 Dean Foods
14.10 Yili Group
List of Figures
Figure 1: Global: UHT Milk Market: Major Drivers and Challenges
Figure 2: Global: UHT Milk Market: Volume Trends (in Billion Litres), 2018-2023
Figure 3: Global: UHT Milk Market: Value Trends (in Billion US$), 2018-2023
Figure 4: Global: UHT Milk Market: Average Prices (in US$/Litre), 2018-2023
Figure 5: UHT Milk Market: Price Structure
Figure 6: Global: UHT Milk Market: Breakup by Region (in %), 2023
Figure 7: Global: UHT Milk Market: Breakup by Type (in %), 2023
Figure 8: Global: UHT Milk Market: Breakup by Distribution Channel (in %), 2023
Figure 9: Global: UHT Milk Market Forecast: Volume Trends (in Billion Litres), 2024-2032
Figure 10: Global: UHT Milk Market Forecast: Value Trends (in Billion US$), 2024-2032
Figure 11: Global: UHT Milk Market Forecast: Average Prices (in US$/Litre), 2024-2032
Figure 12: Global: UHT Milk Industry: SWOT Analysis
Figure 13: Global: UHT Milk Industry: Value Chain Analysis
Figure 14: Global: UHT Milk Industry: Porter’s Five Forces Analysis
Figure 15: European Union: UHT Milk Market (in Million Litres), 2018 & 2023
Figure 16: European Union: UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 17: Asia: UHT Milk Market (in Million Litres), 2018 & 2023
Figure 18: Asia: UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 19: North America: UHT Milk Market (in Million Litres), 2018 & 2023
Figure 20: North America: UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 21: Latin America: UHT Milk Market (in Million Litres), 2018 & 2023
Figure 22: Latin America: UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 23: Eastern Europe: UHT Milk Market (in Million Litres), 2018 & 2023
Figure 24: Eastern Europe: UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 25: Middle East and Africa: UHT Milk Market (in Million Litres), 2018 & 2023
Figure 26: Middle East and Africa: UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 27: Global: Whole UHT Milk Market (in Million Litres), 2018 & 2023
Figure 28: Global: Whole UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 29: Global: Semi-Skimmed UHT Milk Market (in Million Litres), 2018 & 2023
Figure 30: Global: Semi-Skimmed UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 31: Global: Skimmed UHT Milk Market (in Million Litres), 2018 & 2023
Figure 32: Global: Skimmed UHT Milk Market Forecast (in Million Litres), 2024-2032
Figure 33: Global: UHT Milk Market: Sales through Supermarkets and Hypermarkets (in Million Litres), 2018 & 2023
Figure 34: Global: UHT Milk Market Forecast: Sales through Supermarkets and Hypermarkets (in Million Litres), 2024-2032
Figure 35: Global: UHT Milk Market: Sales through Convenience Stores (in Million Litres), 2018 & 2023
Figure 36: Global: UHT Milk Market Forecast: Sales through Convenience Stores (in Million Litres), 2024-2032
Figure 37: Global: UHT Milk Market: Sales through Specialty Stores (in Million Litres), 2018 & 2023
Figure 38: Global: UHT Milk Market Forecast: Sales through Specialty Stores (in Million Litres), 2024-2032
Figure 39: Global: UHT Milk Market: Sales through Online Retail (in Million Litres), 2018 & 2023
Figure 40: Global: UHT Milk Market Forecast: Sales through Online Retail (in Million Litres), 2024-2032
Figure 41: Global: UHT Milk Market: Sales through Other Distribution Channels (in Million Litres), 2018 & 2023
Figure 42: Global: UHT Milk Market Forecast: Sales through Other Distribution Channels (in Million Litres), 2024-2032
Figure 43: UHT Milk Manufacturing Plant: Detailed Process Flow
Figure 44: UHT Milk Manufacturing Process: Conversion Rate of Feedstocks
Figure 45: UHT Milk Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 46: UHT Milk Industry: Profit Margins at Various Levels of the Supply Chain
Figure 47: UHT Milk Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: UHT Milk Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: UHT Milk Market Forecast: Breakup by Region (in Million Litres), 2024-2032
Table 3: Global: UHT Milk Market Forecast: Breakup by Type (in Million Litres), 2024-2032
Table 4: Global: UHT Milk Market Forecast: Breakup by Distribution Channel (in Million Litres), 2024-2032
Table 5: Global: UHT Milk Market: Competitive Landscape
Table 6: Global: Overview of Top UHT Milk Manufacturers
Table 7: UHT Milk Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: UHT Milk Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: UHT Milk Manufacturing Plant: Costs Related to Machinery (in US$)
Table 10: UHT Milk Manufacturing Plant: Raw Material Requirements
Table 11: UHT Milk Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 12: UHT Milk Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 13: Details of Financial Assistance Offered by Financial Institutions
Table 14: UHT Milk Manufacturing Plant: Capital Costs (in US$)
Table 15: UHT Milk Manufacturing Plant: Techno-Economic Parameters
Table 16: UHT Milk Manufacturing Plant: Taxation and Depreciation
Table 17: UHT Milk Manufacturing Plant: Income Projections (in US$)
Table 18: UHT Milk Manufacturing Plant: Expenditure Projections (in US$)
Table 19: UHT Milk Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 20: UHT Milk Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 21: UHT Milk Manufacturing Plant: Profit and Loss Account (in US$)