What is Yak Milk Market?
Yak milk is a major traditional staple food for yak herders and their families in the highland plains of Tibet. It is consumed as full-fat milk by children and the elderly and is used to manufacture butter, ghee, cheese, and yogurt. It is rich in immunoglobulins, compatible with human milk.
Highlights from Yak Milk Market Study
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Kanhaiyya Milk & Milk Products (India), Kutwal Foods Pvt. Ltd. (India), Akshay Jangavali Milk & Milk Products (India) and International Himalayan Dairy Industries Pvt Ltd (India) |
The market for yak milk is expected to grow with the rising demand for healthy drinks. Several market players are providing yak milk owing to the health benefits associated with it. Thus, the market is highly fragmented with the presence of local and international market players. Additionally, many new players are also entering to market with excellent features which in turn impacts the competitive rivalry.
Kanhaiyya Milk & Milk Products (India), Kutwal Foods Pvt. Ltd. (India), Akshay Jangavali Milk & Milk Products (India) and International Himalayan Dairy Industries Pvt Ltd (India) are some of the key players profiled in the study. Yak Milk Market Segmentation:
Scope | Sub-Segments |
---|
Distribution Channel | Offline {Supermarket/Hypermarket, Specialty stores, Department stores, and Others},Online {e-commerce} |
Packaging Type | Bottle,Cartoons,Others |
Catagory | Natural,Conventional |
On the basis of geography, the market of Yak Milk has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Expenditure of RTD Healthy Drinks in Food and Beverages Industry
- Growing Preference for Low Calories based Drinks
- Large Network of Dairy Products
Market Trend
- Increasing Awareness Regarding Natural Food Ingredients Consumption
- Inclination towards Protein-Rich yet Lower in Fat and Calorie Beverages
Restraints
Opportunities
- Augmenting Demand owing to Rising Health Awareness has created Demand
- Increasing Online Platforms for Delivery has created Ease in Distribution
Challenges
- Disruption in Supply Chain owing to Pandemic and Lockdown
- Weather Inconsistency may Impact the Production of Tiger Nuts
Key Target Audience
Yak milk Manufacturers, Yak milk Suppliers/Distributors, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry