Press release
North America Dairy Products Market Anticipated to Experience Significant Expansion by 2031 | Nestlé S.A, Dairy Farmers of America, Inc., Danone S.A.
North America Dairy Products Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global North America Dairy Products market from 2024 to 2031, and what is the market value expected to change by 2031?
North America Dairy Products Market reached USD 92.5 million in 2023 and is expected to reach USD 127.57 million by 2031 growing with a CAGR of 4.1% during the forecast period 2024-2031.
What is North America Dairy Products Market?
The North America dairy products market encompasses a wide range of products, including milk, cheese, yogurt, butter, and other dairy derivatives. This market is experiencing growth due to rising consumer demand for nutritious food options, the popularity of functional dairy products, and increasing interest in high-protein diets. Additionally, the trend toward organic and non-GMO dairy products is shaping consumer preferences, leading to innovations in product offerings. The growing population and changing dietary habits, coupled with advancements in dairy processing technologies, further enhance market expansion. However, challenges such as fluctuating milk prices and competition from plant-based alternatives are also influencing the market dynamics in North America.
Growth Driver
Rising Awareness of Health Benefits from Dairy Products Boosts Market Growth
The dairy products market is experiencing significant growth, driven largely by increasing awareness of their health benefits among consumers. Dairy products are recognized as a rich source of calcium, vital for maintaining strong bones and teeth. Adequate calcium intake is essential for reducing the risk of osteoporosis and fractures, particularly in older adults, highlighting the importance of dairy in a balanced diet.
Key Players:
Profiles of some of the major players in the global North America Dairy Products market, which include Nestlé S.A, Dairy Farmers of America, Inc., Danone S.A., Land O'Lakes, Inc., The Kraft Heinz Company, Agropur Cooperative, Lactalis Group, Inc., Dairy Management Inc., McKinsey & Company and Bergin Fruit & Dean Foods.
Industry Development:
On November 28, 2020, the Government of Canada announced a significant investment of $1.75 billion aimed at supporting dairy, poultry, and egg farmers across the country. This funding initiative is part of the government's commitment to bolster the agricultural sector and ensure the sustainability of these essential food producers.
On May 18, 2023, the Government of Canada further supported the agricultural industry by investing $1,548,800 in a cheese factory located in the Outaouais region. This investment is intended to enhance the production capabilities and overall productivity of the company, thereby contributing to the growth and efficiency of the local dairy industry.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global North America Dairy Products market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Milk, Milk Powder, Cheese, Yogurt, Others.
By Distribution Channel: Online Sales, Offline Sales.
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Key Features:
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➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
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➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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