ALBANY, New York –The global a2 milk market is highly consolidated, with a handful of players dominating the sector, says Transparency Market Research (TMR). Key players in the market are focusing on geographical expansions in order to tap in opportunities. Further, companies are increasing their product portfolio like a2 based liquid milk, baby food and infant formula, cheese etc., to cater to a diverse group of consumers and institutions. For instance- in May 2018, the a2 milk company introduced a2 platinum premium pregnancy formula for pregnant women. Similarly in June 2018, the company launched a2 milk powder blended with manuka honey for infants. These new launches are expected to strengthen consumer interests in a2 milk products.
Some of the key players in the global a2 milk market are a2 Milk Company Limited, Fonterra Co-operative Group Limited, FREEDOM FOODS GROUP LIMITED, Gujarat Cooperative Milk Marketing Federation Ltd., Vedaaz Organics Pvt. Ltd, Provilac Dairy Farms Private Limited, and Ratnawali Dairy Products LLP.
According to TMR, the global a2 milk market was noted at a valuation of US$ 1,541.4 Mn in 2018. The market is projected to register an astonishing CAGR of 10.2% in terms of value from 2019 to 2025.
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