openPR Logo
Press release

Dairy Market Set to Flourish, Riding Wave of Technological Advancements and Changing Consumer Preferences

06-05-2024 01:38 PM CET | Food & Beverage

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Allied Market Research Delivers In-Depth Analysis of Dairy Industry

Allied Market Research Delivers In-Depth Analysis of Dairy Industry

According to a new report published by Allied Market Research, titled, "Dairy Market," The Dairy Market Size was valued at $883.20 billion in 2022, and is estimated to reach $1464.4 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.

๐Ÿ“๐†๐ž๐ญ ๐…๐ฎ๐ฅ๐ฅ ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ :

The dairy industry is a sector of agriculture focused on the production and processing of milk and milk-derived products. It encompasses a wide range of activities, including the raising of dairy cattle or other milk-producing animals, milk harvesting, transportation, and dairy product manufacturing. The primary product of the dairy industry is milk, which is processed into various products such as cheese, butter, yogurt, and ice cream. Industry plays a crucial role in providing a significant source of nutrition worldwide, with dairy products being rich in essential nutrients such as calcium and protein. Additionally, the dairy sector has economic importance in many countries, contributing to both local and global food markets.

Dairy farming and processing play crucial roles in both national economies and individual livelihoods worldwide. There are approximately 133 million dairy farms globally, collectively contributing to 9% of the annual global milk production, making this sector a vital component of the agricultural landscape. The increasing global population and changing consumption patterns continue to boost the demand for dairy products, driving significant innovations and technological advancements in the industry.

Some notable developments include the adoption of automation and robotics, which improve efficiency by automating milking and feeding systems, reducing labor costs, and promoting animal welfare. Technology also plays a key role in monitoring animal health, advancing genetics through artificial insemination, and enhancing nutritional practices. Additionally, the dairy industry is embracing blockchain technology, temperature monitoring, and supply chain integrity initiatives to improve traceability and quality control throughout the dairy supply chain. These innovations provide decentralized and transparent ledgers for recording transactions and events.

The dairy sector is undergoing transformative changes, with advancements in early-life nutrition, sustainable farming practices, fodder shortages, herd management, methane emissions reduction, new product development, and the application of artificial intelligence. These innovations contribute to sustainability, efficiency, and diversification within the industry.

Several emerging Dairy Market Trends are reshaping the landscape of food consumption, illustrating shifts in consumer preferences and behaviors. One noteworthy trend is the rapidly growing culture of healthy snacking, where individuals are increasingly inclined to opt for nutritious, on-the-go choices. This shift is particularly pronounced in the dairy industry, where products such as yogurt and cheese are being reimagined as convenient, protein rich snacks that cater to health-conscious consumers

๐Ÿ“๐†๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง :

Moreover, the rise in food consumption outside of traditional home settings is another striking illustration of evolving consumer habits. Whether it's grabbing a quick breakfast sandwich at a cafรฉ or enjoying a dairy-based dessert at a restaurant, dairy products are frequently featured in the menus of eateries, reflecting their versatility and popularity in diverse culinary contexts.

Furthermore, the digital era has ushered in the Dairy Market Growth of online and mobile shopping, impacting the way consumers access and purchase food. Dairy products are no exception, as consumers can now order milk, cheese, and other dairy essentials through their smartphones, underscoring the industry's adaptability to changing retail landscapes. In essence, dairy remains at the forefront of these transformative trends, offering convenient, affordable, and versatile options that cater to evolving consumer preferences. The dairy industry is an integral part of national economies and individual livelihoods, thus online sales channels bring myraid Dairy Market Opportunities.

Milk production takes place all around the world and global demand for dairy continues to increase due to population growth, rise in incomes, urbanization, and following Western diets in countries such as China and India. To meet the supply chain demand, modern technologies can provide valuable assistance. Furthermore, the dairy industry is a very labor-intensive enterprise leading to high labor cost, which has a significant impact on the overall profitability. To increase profitability, productivity, efficiency, and rapidness, new technologies such as Artificial Intelligence (AI) & Machine Learning (ML) can play a significant role.

There are a number of AI & ML applications usable in the dairy industry that include the use of robots, drones, sensors, 3D printing, virtual reality, blockchains, and artificial neural networks (ANN). For instance, one robot per thousand workers reduced the cost of wages by 0.5%. Also, AI helps in meeting the demands, as it increases production efficiency by 25%, reduction of production cost by 50%, and increase in utilization by more than 85%.

The dairy market is segmented into type, end-user, distribution channel, and region. By type, the market is categorized into milk, cheese, yogurt, butter, cream, and others. By end user, it is fragmented into commercial and residential. By distribution channel, the market is categorized into hypermarkets/supermarkets, specialty stores, B2B, and E-commerce. Region-wise, the market is analyzed across North America (U.S., Canada, Mexico), Europe(UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific) and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, and Rest of LAMEA).

๐Ÿ“๐๐”๐˜ ๐๐Ž๐– :

ยปยป ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐…๐จ๐จ๐ ๐š๐ง๐ ๐๐ž๐ฏ๐ž๐ซ๐š๐ ๐ž๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

๐Ÿ’กEgg Powder Market :

๐Ÿ’กFarro Market :

๐Ÿ’กMushroom Market :

๐Ÿ’กTextured Vegetable Protein Market :

๐Ÿ’กIOT in Agriculture Market :


David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (toll-free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Follow Us on Blog:

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domain.

We have professional corporate relations with various companies and this helps us dig out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality of data and help clients in every way possible to achieve success. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Dairy Market Set to Flourish, Riding Wave of Technological Advancements and Changing Consumer Preferences here

News-ID: 3527375 • Views: โ€ฆ

More Releases from Allied Market Research

Fishing Reels Market Projected to Garner $7.6 Billion Revenue by 2031, and Rise โ€ฆ
According to a new report published by Allied Market Research, titled, "Fishing Reels Market," The fishing reels market size was valued at $5.0 billion in 2021, and is estimated to reach $7.6 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031. The fishing reels have gained a rapid traction among the anglers in the past few decades. The strong economic growth, rising disposable income, rising participation inโ€ฆ
Functional Apparel Market to Reach $623.2 Billion, Globally, by 2032 at 6.1% CAG โ€ฆ
Allied Market Research published a report, titled, "Functional Apparel Market by Product Type (Sportswear, Activewear, Protective Clothing, Others), Application (Sports Industry, Outdoor Clothing, Healthcare, Others), and Distribution Channel (Offline, Online)". According to the report, the global functional apparel market was valued at $345.6 billion in 2022, and is projected to reach $623.2 billion by 2032, growing at a CAGR of 6.1% from 2023 to 2032. Request Sample Copy of Report: Primeโ€ฆ
Global Escape Room Market to Reach $31.00 Billion, by 2032 at 14.8% CAGR: Allied โ€ฆ
Allied Market Research published a report, titled, "Escape Room Market by Type [Small Theme Room (2 to 4 people), Medium Theme Room (5 to 8 people), and Big Theme Room (9 to 12 people)], and End User (Friends, Corporate Groups, Individuals, Families, and Couples), Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global escape room market generated $7.9 billion in 2022, and is anticipated to generateโ€ฆ
Online Beauty And Personal Care Market Projected to Garner $161.4 billion Revenu โ€ฆ
The online beauty and personal care market have been greatly influenced by influencer marketing. Influencers, who are typically well-known social media personalities with large and engaged followings, may help drive sales and raise brand awareness for beauty and personal care products. One of the primary advantages of influencer marketing is that it allows retailers to reach a highly engaged and specific audience. Influencers typically have a niche or specific areaโ€ฆ

All 5 Releases

More Releases for Dairy

Organic Milk Market Forecast to 2027 โ€“ Andechser Dairy, Arla Food, Aurora Orga โ€ฆ
The Insight Partners published a new report, titled, โ€œOrganic Milk Marketโ€. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage. The COVID-19 outbreak is currently going theโ€ฆ
Fortified Dairy Products Market-Nestle,,BASF,,General Mills,,Danone, Bright Dair โ€ฆ
Latest Research Report On Fortified Dairy Products Market: The dairy industry is considered to be a promising industry among wide range of applications in the food & beverage sector. Although dairy products serve as excellent resources of essential nutrients, several processing methods including ultra-heat treatment, spray drying, pasteurization, and heating lead to loss of specific nutrients. Replenishing lost nutrients is therefore imperative, and fortification of dairy products has emerged as anโ€ฆ
Global Dairy Stabilizers Market to Experience Significant Growth during the Fore โ€ฆ
The global dairy stabilizers market is likely to foresee a tremendous rise in its demand due to the rise in consumption of dairy products. Increasing urbanization has made the trend for consumption of fast foods and processed foods which are known to have chemicals and other harmful ingredients. These products have made a harmful impact on oneโ€™s health. One of visible result of consumption of these types of foods areโ€ฆ
Dairy and Non-dairy Milk Market: Health Benefits of Non-Dairy Milk to Increase A โ€ฆ
Milk is characterized by two incredibly different markets such as dairy milk market and non-dairy milk market. Dairy market is large in size however have declining growth rate whereas, non-dairy is small but is quickly gaining traction across the globe owing to health benefits associated with it. Products with strong functional and ethical claims witnesses areas of opportunity for both milk markets and overall premiumzation of milk is likely toโ€ฆ
Global Organic Dairy Food and Drinks Market 2018 - DCI Cheese Company, Alto Dair โ€ฆ
"Accord Market, recently published a detailed market research study focused on the โ€œOrganic Dairy Food and Drinks Marketโ€ across the global, regional and country level. The report provides 360ยฐ analysis of โ€œOrganic Dairy Food and Drinks Marketโ€ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the futureโ€ฆ
Global Sour Milk Products Market 2017 - Borden Dairy, Estonian Dairy, Mead Johns โ€ฆ
The report on the Global Sour Milk Products Market 2017, consists a comprehensive overview of the industry that delivers the relevant data from the market research. The report mainly focuses on the most important aspects such as profiles of the company, pictures of product, contact information, sales, specifications and market share. Beginning of the report gives an overview and explains the Sour Milk Products market in brief. This overview definesโ€ฆ