Global Dairy Products Market Size By Product Type (Milk, Cheese, Butter, Desserts, Yogurt), By Distribution Channels ( Super Markets, Specialty Stores, Convenience Stores), By Geographic Scope And Forecast
Report ID: 343424|No. of Pages: 202
Global Dairy Products Market Size By Product Type (Milk, Cheese, Butter, Desserts, Yogurt), By Distribution Channels ( Super Markets, Specialty Stores, Convenience Stores), By Geographic Scope And Forecast
Dairy Products Market Size And Forecast
Dairy Products Market was valued at USD 495 Billion in 2022 and is projected to reach USD 623.6 Billion by 2030, growing at a CAGR of 3% from 2023 to 2030.
The increasing demand for a variety of dairy products and milk in the production of various food products has led the global market to expand gradually. The demand for healthy dairy products like yogurt, cheese, and whey proteins is rising due to new trends such as healthy snacking, hydration, and high-protein diets. With changing food industries, demand for milk and other products is anticipated to rapidly boost the growth of the Dairy Products Market. The Global Dairy Products Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Dairy Products Market Definition
Foods made from milk or substances derived from milk are referred to as Dairy Products. Dairy products come in a variety of forms, such as milk, cheese, butter, yogurt, cream, and ice cream. Such foods are an essential aspect of a nutritious diet since they are high in nutrients including calcium, vitamin D, protein, and other necessary minerals. While milk from cows is the primary ingredient in dairy products, milk from other animals like goats, sheep, and buffalo can also be used to make them. A wide variety of items such as milk, cheese, yogurt, butter, ice cream, sour cream, buttermilk, cottage cheese, cream cheese, and powdered milk are considered dairy products and are derived from milk. Whole, skim and low-fat milk are just a few of the different types of this essential dairy product. Casein a milk protein is coagulated, and the liquid whey is separated to create cheese.
Fermented milk with live bacteria cultures added in yogurt. While ice cream is made by combining milk, cream, sugar, and other ingredients, butter is made by churning cream. Fermented milk with additional bacterial cultures is buttermilk. Numerous cooking and food preparation techniques employ dairy products. In a variety of culinary applications. Numerous Cooking and food preparation techniques employ dairy products. In a variety of culinary applications, milk, butter, cheese, yogurt, cream, and many more are often used ingredients. Milk can be consumed as a beverage, and added to sandwiches, salads, and pasta meals whereas butter is used as a spread and in cooking. The cream is used to give sauces, soups, and desserts richness, whereas yogurt is used in smoothies, dips, and dressings. A healthy body needs minerals like calcium, proteins, and vitamin D, all of which are found in dairy products.
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Global Dairy Products Market Overview
The human population is expanding quickly. The demand for food also rises as the world’s population grows. Urbanization grows along with population density, which typically results in higher personal income and dairy product demand. As the diet has become richer and more varied, there has been a notable rise in the per capita consumption of milk and milk products. In addition to high-quality protein, milk products are a significant source of a number of vital micronutrients, Milk products are viewed as more prevalent sources of protein in the future due to the expanding world population and growing demand for high-nutritional products, which will boost the progress of the Global Dairy Products Market.
Due to growing consumer health concerns and the belief that diet directly influences healthiness, the popularity of dietary supplements has recently played a major part in the development of healthy habits. The demand for wholesome food is growing rapidly along with the world population and standard of living. The high-quality nutrition trend is taking off and will keep petting people’s appetites in the coming years. The advantages of protein and other nutrients in promoting an active lifestyle have come to the attention of consumers. A growing number of people want to either reduce or completely eliminate animal protein from their diet due to a growing awareness of the detrimental health effects of eating red meat. Furthermore, the majority of these nutrients in milk are available in forms that the body can easily absorb.
For all these reasons, consumers all over the world regularly consume milk products, which increases the demand for dairy products globally. In order to regulate the growth of the market, government intervention plays an important role. Governments are able to determine milk prices to guarantee that farmers are paid fairly and that consumers have access to dairy products at reasonable rates. To avoid market manipulation, which may entail establishing minimum or maximum prices, implementing programs to maintain prices, or controlling pricing structures.
The rising cost of manufacturing which can be impacted by elements like feed costs, labor expenses, and energy costs, is one key constraint for the Dairy Products Market. Farmers may find it difficult to retain their margins and compete as a result. Also, the demand for specific types of dairy products such as conventional dairy milk can be impacted by shifting customer preferences and health concerns. Other limitations include environmental issues associated with the manufacture of dairy products and heightened competition from non-dairy alternatives that are plant-based kinds of milk.
Global Dairy Products Market Segmentation Analysis
The Global Dairy Products Market is Segmented on the basis of Product Type, Distribution Channels, and Geography.
Dairy Products Market, By Product Type
- Milk
- Cheese
- Butter
- Desserts
- Yogurt
- Others
Based on Product Type, the market is segmented into Milk, Cheese, Butter, Desserts, Yogurt, and others. The Milk segment is accounted for the highest market share. The rising consumption of milk in homes and numerous business establishments around the world is responsible for the domination of milk.
Dairy Products Market, By Distribution Channels
- Super Markets
- Specialty Stores
- Convenience Stores
- Others
Based on Distribution Channels, the market is segmented into Super Markets, Specialty Stores, Convenience Stores, and Others. Super Markets held the majority of the market share in terms of Distribution channels. Supermarkets maintain the biggest market share because they provide consumers with one-stop shopping, a wide variety of domestic goods in addition to dairy products, a comfortable environment, and extended opening hours.
Dairy Products Market, By Geography
- North America
- Europe
- Asia-Pacific
- Middle East
- Latin America
Based on regional analysis, the Global Dairy Products Market is classified into North America, Europe, Asia-Pacific, the Middle East, and Latin America. Asia-Pacific has the highest market share in this sector. Large population, increased milk consumption, expanded milk production, and rapid urbanization are the factors propelling the growth of the Dairy Products Market in this region.
Key Players
The “Global Dairy Products Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Arla Foods Group, Chobani Inc, Dairy Farmers of America, Inc, Nestle S.A, Fonterra Cooperative Group Limited, Britannia Industries Ltd, Kwality, The Kraft Heinz Company, and Meiji Holdings Co Ltd., Danone SA.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
- In May 2021, Arla Foods Group invested 8.2 million USD to accommodate the rising demand for cheese from Japan to expand their plant. Arla primarily exports its goods to nations including Japan, Australia, Uk, and the Nordic Countries.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Arla Foods Group, Chobani Inc, Dairy Farmers of America Inc, Nestle S.A, Fonterra Cooperative Group Limited, Britannia Industries Ltd, Kwality, The Kraft Heinz Company, and Meiji Holdings Co Ltd |
| SEGMENTS COVERED |
|
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
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