Buffalo Milk Products: An exotic niche product or a premium mainstay in the making?
Buffalo milk is the second most consumed type of milk globally after cow’s milk. In 2023, approximately 150 million liters of buffalo milk were produced, according to FAO STAT. That same year, Verified Market Research estimated the global buffalo milk market to be valued at USD 87.12 billion. The research firm projects the market to reach USD 102.42 billion by 2031, growing at a CAGR of 8.7% during the forecast period (2024–2031).