Press release
Global Dairy Products Market: Steady Growth Expected with a Projected CAGR of 4.6% by 2029
Global Dairy Products Market
What Is The Projected Market Size Of The Global Dairy Products Market And Its Growth Rate?
The dairy products market has demonstrated consistent growth over the recent years. Key statistics include:
• The market size will grow from $524.15 billion in 2024 to $548.57 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%.
• This growth can be attributed to urbanization, changing lifestyles, rising disposable income, and product innovation.
• Over the next few years, the market size is expected to reach $657.27 billion in 2029 at a CAGR of 4.6%.
• Growth drivers for this period include cultural diversity, global trade expansion, health trends, and the growth of plant-based alternatives.
What Is Driving The Growth In The Dairy Products Market?
The rising demand for cheese is propelling the dairy products market forward significantly. Cheese, a dairy product created from the curds of soured milk, is enjoying increased popularity. As an example of this trend, in November 2023, the US-based Cheese Reporter noted that U.S. cheese production reached 1.15 billion pounds in 2023, a slight increase of 0.1% compared to September 2022. This data shows a steady growth in cheese output, driving the overall growth of the dairy products market.
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Who Are the Key Players Driving Dairy Products Market Growth?
Key companies in the dairy products market include:
• Arla Foods amba
• Fonterra Co-operative Group Limited
• 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.
• many other prominent players.
What Are The Key Trends In The Dairy Products Market?
Major trends in the dairy products market include:
• Cultural preferences and diversity
• Nutritional awareness
• Clean label and transparency
• Globalization and international markets
• Convenience and snacking
What Are The Segments Of The Global Dairy Products Market?
The global dairy products market is segmented by:
• Product Type: Milk, Cheese, Butter, Desserts, Yogurt, Other Types
• Distribution Channel: Super market, Hyper market, Specialty Store, Online Retail, Other Channels
• Application: Bakery And Confectionary, Clinical Nutrition, Frozen Foods, Other Applications
Which Region Leads The Dairy Products Market?
Asia-Pacific, the largest region for the dairy products market in 2024, is expected to continue leading growth during the forecast period. The report covers other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Dairy Products Market Global Market Report?
- Market Size Analysis: Analyze the Dairy Products Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Dairy Products Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Dairy Products Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Dairy Products Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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