Press release
Guided by CAGR OF 5.2%, Dairy Food Market to Expect Incredible Growth by 2028
Dairy Food Market
In a recent research report by Market Research Community, the Dairy Food Market is expected to surpass USD 936.08 Billion by the year 2028, from USD 656.45 Billion in 2021. Food items produced from or containing milk are referred to as dairy products or milk products. They are also known as lacticinia. The Dairy Group includes milk, yogurt, cheese, lactose-free milk, fortified soy milk, and yogurt. Milk is the most consumed dairy product worldwide due to its easy availability and high nutritional content.
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Top Key Players of the Dairy Food Market:
The report includes a regional analysis and country analysis with the latest trends, along with the major key players including Nestle S.A., BIONX International Corporation, Robert Bosch GmbH, Yamaha Motor Group, Derby Cycle Holding GmbH, Giant Group, KWANG YANG MOTOR CO., LTD., Merida & Centurion Germany GmbH (MCG), Samsung Electronics Co., Ltd., Continental AG, Prodeco Technologies LLC, Tianjin Fuji-ta Group Co., Ltd., Trek Bicycle Corporation, PEDEGO INC, and Shimano Inc.
Yogurt is estimated to grab more traction in places like Brazil, China, and India, due to high awareness, and increased consumption. Further, due to its significance in preserving a healthy gut and enhancing immunity, consumers in China, and India prefer to include yogurt in their diet. Additionally, the popularity of low-sweet and flavored yogurt products in this nation influences the expansion of the dairy food market.
North America is estimated to gain significant market attention in the forecast period. Due to the high consumption of cheese and milk in the country and the innovation of milk products such as low-fat and no-sugar milk, fewer calories are intended to enhance the consumption of milk. Further, Europe is estimated to support the growth of the market due to rising consumer demand for cheese, desserts, creamers, and other products.
The market is projected to grow at a significant pace reaching a CAGR of approximately 5.2%, over the forecast period of 2022-2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
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Type Covered in This Report Area:
Lactose
Lactose-Free
On the Basis of Products:
Cheese
Milk
Butter
Dessert
Yogurt
Other
Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
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The study is consolidated into major segments and further into sub-segments, such as by Type (Lactose, Lactose-Free), Product (Milk, Cheese, Butter, Yogurt, Dessert, and Others), Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialty Store, Online Retail), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.
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Market Research Community is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domain. The industry provides consulting services, syndicated research reports, and customized research reports.
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