Dairy Product Market Set to Surpass USD 635.17 Billion by 2030, Riding High on Health-Conscious Choices

According to the latest SNS Insider report, the Dairy Products Market was valued at USD 491.7 billion in 2022. Expected to reach USD 635.17 billion by 2030, the market is set to grow at a CAGR of 3.25% over the forecast period 2023-2030.
The Dairy Products Market is poised for sustained growth as it aligns with changing consumer preferences, health-conscious choices, and broader global trends. The industry's ability to adapt to evolving consumer needs, coupled with innovations in product offerings, positions dairy products as a cornerstone of balanced and nutritious diets worldwide.

Get a Sample of Dairy Products Market Report @
https://www.snsinsider.com/sample-request/1842 

Key Players:
Arla Foods amba, Fonterra Co-operative Group, GCMMF, The Kraft Heinz Company, Nestle S.A., Danone S.A., Royal FrieslandCampina, Dairy Farmers of America, Inc., DMK Group, Meiji Holdings Co., Ltd.

Market Report Scope
The Dairy Products Market is witnessing robust growth attributed to the rising consumption of dairy products. A notable shift in consumer preferences from meat to dairy, especially during the Covid-19 pandemic, has fueled market expansion. The market is thriving due to the health benefits associated with dairy consumption, promoting bone health, reducing cardiovascular risks, and contributing to overall well-being. The demand for cheese is on the rise, driven by changing perceptions of its health effects. Additionally, the focus on infant nutrition and the demand for organic clean label dairy products are anticipated to further boost market growth.

Market Analysis
The dairy products market's upward trajectory is influenced by several factors, including a growing global population, increased disposable income, heightened health awareness, and a rising trend of protein-enriched food consumption. As the world population is expected to reach around 9.9 billion by 2050, the demand for dairy products is set to rise significantly. Dairy's high-value protein and essential micronutrients, coupled with increased awareness of its health benefits, further contribute to market growth. Government initiatives supporting milk production and improving cattle productivity, along with the penetration of fast-food chains, are driving substantial consumption of dairy products.

Segmentation Analysis
• In terms of product types, the milk segment dominates the global dairy products market, holding a substantial revenue share. This dominance is attributed to the extensive use of milk in households and various commercial units worldwide. The nutritional properties of milk, coupled with increased awareness of its health benefits, contribute to the segment's growth across the global market.
• Concerning distribution channels, stores attract a massive customer base due to the availability of a diverse range of food and beverage products. On the other hand, the online segment, categorized as 'others,' is witnessing rapid growth due to the increasing adoption of food delivery platforms. The proliferation of online food and grocery delivery platforms has significantly boosted the sales of dairy products and is expected to grow rapidly in the coming years.

Growth Factors
• A significant growth factor for the dairy products market is the paradigm shift in consumer preferences towards healthier and nutrient-rich food choices. As consumers increasingly prioritize health and wellness, dairy products emerge as a natural and convenient source of essential nutrients. The market is witnessing a notable trend of consumers choosing dairy over other protein sources, recognizing the benefits of calcium, vitamins, and proteins found in dairy products. The association between regular dairy consumption and improved bone health, cardiovascular health, and reduced risks of chronic diseases like type 2 diabetes is driving the demand for dairy products.
• The easy availability of dairy products is another crucial growth factor. Modern retail facilities and the seamless integration of online distribution channels have played a pivotal role in ensuring the accessibility of a diverse range of dairy products to consumers. During the Covid-19 pandemic, online sales of dairy products experienced a surge, with consumers preferring the convenience of doorstep delivery. The adaptability of the dairy industry to changing consumer behaviors, facilitated by robust distribution channels, has been instrumental in sustaining market growth.

Key Regional Development
The Asia Pacific region, characterized by a substantial population, increased demand for milk, rising milk production, and government initiatives supporting milk production, is set to maintain its dominance throughout the forecast period. The region's rapid urbanization and growing consumer awareness of the health benefits of dairy products contribute to market growth. Moreover, the widespread use of milk in households across countries like India and China significantly contributes to dairy product consumption.
Contrastingly, North America is projected to be a key market during the forecast period. The increased prevalence of restaurants and fast-food chains utilizing dairy products, coupled with the growing popularity of yogurt and dairy treats among North American consumers, supports the region's dairy products market growth. Rising consumer awareness of A2 milk is expected to further fuel market growth in North America.

Enquire about the report @ https://www.snsinsider.com/enquiry/1842 

Key Takeaways
• Dairy Products Market poised to surpass USD 635.17 billion by 2030.
• Consumer shift towards dairy for health benefits fuels market growth.
• Asia Pacific dominates due to population, increased milk consumption, and government support.

Get complete report details @ https://www.snsinsider.com/reports/dairy-products-market-1842 

Recent Developments
In March 2022: Danone's Activia Brand introduced Activia+ in the U.S. and North American markets, offering drinkable yogurt in strawberry, peach, and raspberry flavors.
In February 2022: Chobani LLC launched new dairy products, including ultra-filtered milk and lactose-free protein-packed ultra-filtered milk, contributing to the company's commitment to sustainability with recyclable paper-based packaging and locally sourced milk.

Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.2 COVID-19 Impact Analysis
4.3 Impact of Ukraine- Russia war
4.4 Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Global Dairy Products Market segmentation, Product: 
9. Global Dairy Products Market segmentation, By Distribution Channel:
10. Global Dairy Products Market, by region/ country
11. Regional Analysis
12. Company Profile
13. Competitive Landscape
14. USE Cases and Best Practices
15. Conclusion

Buy Complete PDF of Dairy Products Market  Report 
@ https://www.snsinsider.com/checkout/1842

Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com
Office No. 305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

This release was published on openPR.