Dairy Products Market Growth Opportunities By 2028

Precision Business Insights published a research report on "Dairy Products Market By Product Type (Milk, Cheese, Butter, Casein, Lactose, Yoghurt, Cream, Others), By Application (Bakery products, Confectionery, Clinical nutrition, Frozen foods, Others), By Distribution Channel (Super markets & Hyper Markets, Online Stores, Departmental Stores, Others) - Global/Region/Country Forecast to 2028".

Any meals containing milk from mammals also including cattle, goats, yaks, camels, buffaloes, and sheep are known as dairy products or milk products. Cheese, yoghurt, butter, powdered milk, and frozen packaged foods including ice creams and pastries are some of the most prevalent milk products. During the projected period, the market is expected to be driven by a rise in consumer awareness of the nutritive value of dairy products. Protein, calcium, vitamin D, riboflavin, and vitamin B12 are all vital components found in milk products. However, in underdeveloped countries, the lack of suitable infrastructure for cold storage and transportation of dairy production is anticipated to stifle expansion during the projection period.

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The key factors for this market's growth include increased dairy product consumption and a shift in customer choice from meat to dairy products for protein enrichment. The simple availability of dairy products as a result of modern retail facilities and cold chain logistics propels market growth even further. During the Covid-19 pandemic, large product sales from online distribution channels also aided industry expansion. Dairy products are high in calcium, riboflavin, vitamin D, vitamin A, niacin, potassium, and phosphorus, and hence provide a variety of health benefits. Dairy consumption enhances bone and intestinal health while also lowering the risk of cardiovascular disease (CVD) and type 2 diabetes. The market is also likely to be driven by the growing demand for cheese in developing countries. Previously, cheese was thought to be unhealthy because of its high fat content. Recent studies have revealed, however, that cheese is healthy for heart health and may be a useful source of calcium for lactose intolerant persons. Growing attention to baby nutrition as well as demand for organic, clean-label dairy products are likely to drive market expansion. Consumers are keen to try new items, thus the market has numerous growth potential.

On the basis of Product, the market is segregated into Milk and Cheese. On the basis of Distribution, the market is categorized into Channel, which is further divided into Hypermarkets/Supermarkets, and Online.

Asia Pacific has the highest share of the global dairy market, thanks to easy access to raw materials, the presence of animal husbandry as a vital industry, and a growing consumer base. Due to falling household consumption for dairy products and a preference for dairy substitutes, North America's growth pace may be modest to sluggish in the next years. India, dubbed the "oyster" of the global dairy sector, is the world's largest producer of dairy products. It is predicted to have a significant part of the global dairy market. Buttermilk, butter, ghee, paneer (cottage cheese), dahi (yoghurt), lassi, and dairy delicacies are all examples of India's rich culinary legacy.

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Some of the major key players in the Dairy Products Market are Arla Foods. (Denmark) Fonterra Co-operative Group (New Zealand) Dairy Farmers of America (U.S.) Royal Friesland Campina N.V. (Netherlands) Nestle S.A. (Switzerland) Danone Corporation (France) Kraft Foods, Inc., (U.S.) Megmilk Snow Brand Co. Ltd. (Japan) Meiji Dairies Corporation (Japan) Dean Foods Company (U.S.) Lewis Road Creamery (New Zealand)

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This release was published on openPR.