Extended Shelf-Life (ESL) Milk Market Size, Growth, Size, Share, and Industry Analysis, By Type (ESL Whole Milk, Semi-skimmed Milk, Skimmed Milk), By Application (Direct Drinking, Food Industry), Regional Insights, and Forecast To 2031

Extended Shelf-Life (ESL) Milk Market REPORT OVERVIEW

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The global extended shelf-life (ESL) milk market size was USD 1153.7 million in 2022 and market is projected to touch USD 2903.73 million by 2031, exhibiting a compound annual growth rate (CAGR) of 10.8% during the forecast period.

Extended shelf-life (ESL) milk is a product that has been processed and marketed for years in the worldwide dairy industry. The short shelf life of pasteurized and processed milk has resulted in the development of UHT milk for distribution, gaining widespread popularity worldwide. The requirement for lengthening the shelf life of pasteurized milk without negative flavors has resulted in the development of a product tasting similar to pasteurized milk. This has various benefits of the more extended sustainable product ability, thus providing consumers with multiple options.

The centralized dairy industry, increasing competition among leading dairy companies, and fewer frequent shopping cycles have ingrained the requirement to increase the sustaining ability of pasteurized milk. Due to the frequent breaks in the cold chain distribution industry, the milk should have built-in quality buffers to prevent spoilage at elevated temperatures. Thus, the processed and pasteurized milk industry market will grow immensely during the forecast period. Technological innovations and rising manufacturing capacities will lead to a growing market trajectory.

COVID-19 Impact: Need for Milk due to Higher Consumption Propelled Market Growth

The need for pasteurized and processed milk increased immensely during the last two years due to the worldwide pandemic and lockdowns. The rise in consumer demand due to increased product intake is a significant factor that propelled the market growth and share of processed milk. This market's industrial and factory processing performed significantly better than other industrial markets, thus leading to profits and revenues for leading industrial players.

LATEST TRENDS

"Affordable Costs and Rising Consumer Income to Lead Market Growth"

The affordable production and storage technologies combined with high levels of disposable consumer income have resulted in the increased development and distribution of premium and high-lifestyle products such as yogurts and exotic and soy milk products. This is due to the rising need for healthcare maintenance and the need to build healthy immunity amongst consumers. Developing regions are now realizing the importance and benefits of the product and are thus demanding innovations and newer products with fewer calories..

Extended Shelf-Life (ESL) Milk Market SEGMENTATION

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• By Type

The market is categorized into ESL whole milk, semi-skimmed milk, and skimmed milk.

• By Application

The market is subcategorized based on other direct drinking and food industry applications.

DRIVING FACTORS

"Technological Innovations to Lead Market Growth and Share"

The rising technological and industrial innovations in the dairy industry will lead to extended shelf-life (ESL) milk market growth due to the increasing manufacturing capacities of the players. The demand and supply chain innovations, production increase, and the rise of a healthy lifestyle will lead the market growth and share, thus increasing the prospects for investors and manufacturers. Thus, the market will witness an upward trajectory during the forecast period, leading to profits and revenues for leading global players.

"Leading Collaborations and Mergers to Offer Innovative Solutions"

Leading mergers, collaborations, and mergers in developed regions such as Europe will lead the market growth and share as companies shift their focus to the Asia Pacific region as an investment option. The innovative features and technology being rolled out by leading global players and the ongoing war in Europe are the significant factors that will lead to the demand for the market. Thus, the industry will witness profits and revenues during the forecast period

RESTRAINING FACTORS

"Mechanical and Radiation Concerns to Impede Market Growth and Share"

The disadvantages of pasteurized milk due to radiation and mechanical contamination are the factors that may restrain the market growth of extended shelf-life milk products. Raw milk, contamination from the environment and food surfaces, harmful effects of light, and distribution concerns are the factors that will restrain the worldwide market share as awareness about these problems rises amongst consumers. Thus, investors and manufacturers must consider these factors before investing in new technologies.

Extended Shelf-Life (ESL) Milk Market REGIONAL INSIGHTS

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"Asia Pacific to Lead Market Share Owing to Growing Industrial Production"

The Asia Pacific region will lead the extended shelf-life (ESL) milk market share due to investors' rising industrial and manufacturing capacities and leading players in the area. The high worldwide demand for processed milk from affordable markets will propel the region's industrial share, leading to profits and revenues for the producers in developing countries such as Indonesia and Malaysia. Thus, the market growth and share of the product are set to increase during the estimated period. Indonesia and China are the major manufacturers of the region and will lead the significant industrial share.

KEY INDUSTRIAL PLAYERS

"Developing Regional Manufacturing Units to Lead Market Demand"

The report analyzes various leading market players in the industry, and the information is published after research, analysis of trends, key industry developments, initiatives, and technological developments and innovations. The report also includes research on companies, technical outcomes, and newly emerging industries' impact and risks. After a comprehensive analysis, the study considers all the points, thus generating future possibilities for the extended shelf-life milk industry. Therefore, the factors specified in the report are subject to manipulation as the dynamics and situation of the market change.

LIST OF TOP Extended Shelf-Life (ESL) Milk COMPANIES

• Lactalis (France)
• Meiji (Japan)
• Tolnatej PLC (Hungary)
• PT Greenfields (Indonesia)
• Aetna MMC (Malaysia)
• Trevalli Cooperlat (Italy)
• Saputo (Canda)
• Happy Valley Dairy Products (Australia)
• Sanyuan Group (China)

INDUSTRY DEVELOPMENT

"October 2022": Lactalis, the leading world dairy company, has announced that it will maintain its Russian activities and manufacturing to supply the local food markets. This will increase the company's prospects in the Eurasian region and its market share and growth. The rise in industrial activities in the area will lead to increased supply, thereby increasing the industry's growth and prospects in the region. Thus, investors should consider the company as a prospective option.

REPORT COVERAGE 

The report examines elements that will affect the demand & supply and estimate dynamic forces for the forecast period. After thoroughly evaluating the market and industry factors, the report provides an extensive, comprehensive SWOT and PEST analysis. The information estimates all the factors mentioned, taken into consideration after thorough research and analysis. The report also includes information on segmentation, market trends and the latest worldwide developments, key industry mergers and acquisitions, and an analysis of the risks of the extended shelf-life milk industry. The report lists the worldwide leading industrial players and the regions that will experience growth during the forecast period.