The latest analysis predicts milk market in Sri Lanka will grow from USD 856 million in 2023 to USD 1,343 million by 2029, achieving a CAGR of 7.8 percent, according to the latest edition of the Milk Market in Sri Lanka Report. The Sri Lanka milk market is driven by a growing consumer emphasis on health and wellness, particularly among younger demographics, leading to increased demand for functional and fortified dairy products. As consumers become more health-conscious, there is a rising preference for milk enriched with vitamins, minerals, and probiotics. Additionally, the market is influenced by the popularity of premium and organic milk options, as well as the increasing interest in plant-based alternatives. The expansion of modern retail channels and e-commerce platforms further supports market growth by making a diverse range of milk products more accessible to consumers across the country.
The report delivers an in-depth analysis of the Sri Lanka milk industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product, and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the milk market.
Market Segmentation
The following outlines the segmentation of the milk market in Sri Lanka:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: supermarkets and hypermarkets, small grocery stores, foodservice channels, others
The Sri Lanka milk market is segmented on the basis of product, and distribution channel. By product, the milk market in Sri Lanka has been segmented into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Based upon distribution channel, the milk market in Sri Lanka is categorized into supermarkets and hypermarkets, small grocery stores, foodservice channels, and others.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Sri Lanka milk market.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Sri Lanka milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Sri Lanka milk market with informed projections.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewSri Lanka milk market – product analysis
Sri Lanka milk market – distribution channel analysis
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Sri Lanka milk market 2019-2029
Chart Sri Lanka milk market, net growth, 2019-2029
Chart Sri Lanka milk market, growth rates, 2019-2029
Table Sri Lanka milk market by product, 2019-2029
Chart Sri Lanka milk market by product, CAGR historic and forecast, 2019-2029
Chart Sri Lanka milk market by product, 2019-2029
Table Sri Lanka milk market by distribution channel, 2019-2029
Chart Sri Lanka milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Sri Lanka milk market by distribution channel, 2019-2029
Table Sri Lanka – population (millions) and forecast
Table Sri Lanka – consumer price index (CPI) and forecast
Table Sri Lanka – gross domestic product and forecast
Table Sri Lanka milk market: spend as a proportion of GDP (%)
Table Sri Lanka milk market: consumption per capita (population)