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Dairy Snack Market worth $46.83 billion by 2030, growing at a CAGR of 5.47% - Exclusive Report by 360iResearch
Dairy Snack Market | 360iResearch
The Global Dairy Snack Market to grow from USD 32.25 billion in 2023 to USD 46.83 billion by 2030, at a CAGR of 5.47%.
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A dairy snack is a category of snacks primarily or solely made from or containing various dairy products, including milk, yogurt, cheese, and butter. These snacks are cherished globally for their rich flavors and nutritional benefits, including a good source of calcium, protein, and essential vitamins. Dairy snacks encompass various products, ranging from cheese slices, yogurt-based drinks, and ice cream to innovative offerings such as dairy-based protein bars and cheese-filled crackers. Dairy snacks, tailored to meet the fast-paced lifestyle of modern consumers, offer convenience, variety, and nutritional advantages, making dairy snacks a preferred choice for individuals seeking healthy, on-the-go snack options. The manufacturers increasingly focus on introducing lactose-free, reduced-fat, and fortified dairy snack variants to cater to a broader audience, including those with dietary restrictions and health-conscious consumers. The dairy snack industry has grown remarkably, driven by evolving consumer preferences and the rising emphasis on health and wellness. The factors such as the increasing demand for convenient and healthier snack options and innovations in flavor and packaging contribute significantly to the sector's dynamism and expansion. The consumer shifts toward plant-based alternatives and regulatory scrutiny on labeling act as a challenge for the dairy snack market growth. There is also a growing consumer concern over the environmental and ethical implications of dairy farming, urging brands to reassess their supply chain practices. The growing preference for protein-rich and flavored dairy snack products offers a substantial opportunity for dairy snack manufacturers to innovate and expand their product lines.
The Americas is a rapidly evolving dairy snack market for innovative, convenient, and health-focused snack options. Highlighted by the United States, the dairy snack market is boosted by a surge in lactose-free and protein-rich offerings, complemented by an enthusiasm for unique flavors and artisanal and organic selections. Similarly, the Asia-Pacific region is on a significant growth trajectory, propelled by urbanization and rising incomes, especially in China, India, and Southeast Asia. Consumer preferences in the Asia-Pacific region lean toward nutritious dairy snacks, with a particular interest in functional products and modern reinterpretations of traditional local offerings despite the challenge of catering to varied dietary preferences and restrictions. The EMEA dairy snack market showcases diversity with Europe, exhibiting a strong preference for organic, natural, and non-GMO products driven by consumer awareness around sustainability and animal welfare. The dairy snack market across the EMEA region is marked by consumer preferences showcasing a pivot towards health-centric and organic options in Europe, a continued affinity for traditional and rich flavors in the Middle East, and an emerging market for packaged dairy snacks in Africa. European consumers are shifting toward low-fat, low-sugar, and protein-rich offerings.
Market Segmentation & Coverage:
This research report categorizes the Dairy Snack Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Beverages, Cheese, Ice Cream, and Yogurt. The Yogurt is projected to witness significant market share during forecast period.
Based on Age Group, market is studied across Adolescents, Adults, Children, and Elderly. The Children is projected to witness significant market share during forecast period.
Based on Consumer Orientation, market is studied across High-Protein, Low-Fat, Low-Sugar, and Organic Products. The Low-Sugar is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Offline Sales Channel and Online Sales Channel. The Offline Sales Channel is further studied across Convenience Store, Departmental Stores, and Supermarkets/Hypermarkets. The Online Sales Channel is further studied across Company Website and E-commerce Platform. The Online Sales Channel is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.19% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Dairy Snack Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Dairy Snack Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Dairy Snack Market, highlighting leading vendors and their innovative profiles. These include Almarai Company Limited, Arla Foods Group, Bega Group, Blue Bell Creameries, BONGARDS, Britannia Industries Limited, China Mengniu Dairy Company Limited, Dairy Farmers of America, Inc., Danone S.A., Fonterra Co-operative Group Limited, General Mills Inc., Gujarat Cooperative Milk Marketing Federation Ltd., Inner Mongolia Yili Industrial Group Co., Ltd., Lactalis American Group, Inc., Megmilk Snow Brand Co., Ltd., Meiji Holdings Co., Ltd., Nestlé S.A., Organic Valley, Parag Milk Foods Limited, Royal FrieslandCampina N.V., Saputo Inc., Sargento Foods Inc., The Kraft Heinz Company, Unilever PLC, Wells Enterprises, Inc., and Yakult Honsha Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Dairy Snack Market, by Product
7. Dairy Snack Market, by Age Group
8. Dairy Snack Market, by Consumer Orientation
9. Dairy Snack Market, by Sales Channel
10. Americas Dairy Snack Market
11. Asia-Pacific Dairy Snack Market
12. Europe, Middle East & Africa Dairy Snack Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Dairy Snack Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Dairy Snack Market?
3. What is the competitive strategic window for opportunities in the Dairy Snack Market?
4. What are the technology trends and regulatory frameworks in the Dairy Snack Market?
5. What is the market share of the leading vendors in the Dairy Snack Market?
6. What modes and strategic moves are considered suitable for entering the Dairy Snack Market?
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