Press release
Dairy Products Market Opportunities, Strategies, Size, Share And Analysis 2024-2033
Dairy Products Market
Dairy Products Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $628.29 billion In 2028 At A CAGR Of 4.6%.
The dairy products market size has grown steadily in recent years. It will grow from $500.83 billion in 2023 to $524.15 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to urbanization and changing lifestyles, rising disposable income, population growth and demographic shifts, innovation in product offerings, trade liberalization..
The dairy products market size is expected to see steady growth in the next few years. It will grow to $628.29 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to cultural diversity and adaptation, global trade and market expansion, health and nutrition trends, plant-based alternatives growth, premiumization and specialty offerings.. Major trends in the forecast period include cultural preferences and diversity, nutritional awareness, clean label and transparency, globalization and international markets, convenience and snacking..
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Dairy Products Market Major Segments
The dairy products market covered in this report is segmented -
1) By Product Type: Milk, Cheese, Butter, Desserts, Yogurt, Other Types
2) By Distribution Channel: Supermarket, Hypermarket, Specialty Store, Online Retail, Other Channels
3) By Application: Bakery and Confectionary, Clinical Nutrition, Frozen Foods, Other Applications
Key Driver - Surging Demand Propels Growth In The Dairy Products Market
Rising demand for cheese is expected to propel the dairy products market going forward. Cheese refers to a dairy product that is made from curds of soured milk that are pressed together and form a soft or hard solid when allowed to ripen. It often consists of coagulated, compressed milk, and usually ripened curd. Cheese is a dairy product that is formed by milk that has been separated for whey and by pressing ripe curds, thus, increasing demand for cheese will propel market growth. For instance, in 2022, according to the USDA Economic Research Service, a US-based provider of information and research on agriculture and economics, the US per capita consumption of cheese increased to 40.3 pounds in 2021 from 40.1 pounds in 2020, and the total U.S. cheese production in 2020 was 13.25 billion pounds. Therefore, the rising demand for cheese is driving the dairy products market.
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Prominent Trend - Danone Introduces Aptamil, A Groundbreaking Dairy And Plant Blend Baby Formula, Revolutionizing The Dairy Products Market
Product innovations have emerged as a key trend gaining popularity in the dairy products market. Major companies operating in the dairy products market are focused on product innovations to strengthen their market position. For instance, in July 2022, Danone SA, a France-based multi-local food and beverage company, launched Aptamil, the industry's first dairy and plant blend baby formula. It is uniquely designed with combination of dairy and plant blend recipe with 60% of plant protein and 40% of dairy protein. The blend includes selected plant proteins, fats, and fibers that have a 30% lower carbon footprint by using recyclable packaging and supporting regenerative agriculture methods. It is suitable for vegetarian and plant-based diets that also meet the baby's nutritional requirements.
Dairy Products Market Players
Major companies operating in the dairy products market report are Arla Foods amba, Fonterra Co-operative Group Limited, The Kraft Heinz Company, Nestlé S.A., Danone S.A., Royal FrieslandCampina N.V., Dairy Farmers of America Inc., DMK Group, Gujarat Cooperative Milk Marketing Federation Ltd., Meiji Holdings Co. Ltd., Parmalat S.p.A., Sodiaal Group, Unilever N.V., Inner Mongolia Yili Industrial Group Co. Ltd., China Mengniu Dairy Co. Ltd., Megmilk Snow Brand Co. Ltd., Saputo Inc., Lactalis International, Dean Foods Company, Agropur Cooperative, Kaira District Co-operative Milk Producers' Union Limited., Arion Dairy Products BV, Bel Group S.A., Savencia SA, Cabot Creamery Cooperative Inc., California Dairies Inc., Clover Sonoma Inc., Darigold Inc., Davisco Foods International Inc., Foremost Farms USA, Glanbia plc., Hilmar Cheese Company Inc., Idaho Milk Products, Kerry Group plc., Land O'Lakes Inc., Leprino Foods Company .
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the dairy products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the dairy products market during the forecast period. The regions covered in the dairy products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Dairy Products Market Report Structure
3. Dairy Products Market Trends And Strategies
4. Dairy Products Market - Macro Economic Scenario
5. Dairy Products Market Size And Growth
…..
27. Dairy Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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