The global UHT milk market was valued at $60.8 billion in 2012.
Albany, N.Y/./PRNewswire -- According to a new market report published by Transparency Market Research, "UHT Milk Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019," the global UHT milk market was valued at $60.8 billion in 2012 and is expected to grow at a CAGR of 12.8% from 2013 to 2019, to reach an estimated value of $137.7 billion in 2019.
The consumers of UHT milk are those who require to store milk for a long period of time. Due to apartment culture in the developed countries, people have less time for shopping and prefer to buy groceries in bulk. Milk is one such food item which finds its consumption everyday in many households but needs proper preservation. UHT milk facilitates the consumers to store it for a long time as it has a shelflife of six to nine months, which is the key reason for its increasing market globally.