Press release
Global Dairy Food Market: Projected Growth, Drivers, and Key Trends: 2024-2025 & Beyond
Dairy Food Market
What Is The Projected Market Size Of The Global Dairy Food Market And Its Growth Rate?
The dairy food market has demonstrated robust growth in recent years. Key statistics confirm this trend:
• The market size of dairy food is projected to grow from $859.63 billion in 2024 to $917 billion in 2025, at an impressive CAGR of 6.7%.
• The growth in the historic period can be attributed to global population growth, a rise in disposable income, an increasing number of health-conscious consumers, and a favorable low interest rate environment.
• Looking ahead, the dairy food market is expected to maintain strong growth. It is forecasted to reach $1,186.38 billion in 2029, with a steady CAGR of 6.7%.
What Is Driving The Growth In The Dairy Food Market?
The upsurge in demand for sustainable, local, and organic food production is anticipated to drive the dairy food market during the forecast period. Organic food production, especially dairy products, plays an integral role in supporting environmental protection, consumer health, and animal welfare. With consumers becoming increasingly aware of the farming and production processes, they are prepared to pay a premium for products they perceive as healthy. Consequently, the sales of organic food have seen substantial growth, achieving new highs. For instance, in 2023, the Organic Trade Association reported that sales of organic food in the United States surpassed $60 billion for the first time, achieving a new pinnacle for the robust organic sector.
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Who Are the Key Players Driving Dairy Food Market Growth?
Major players contributing significantly to the growth of the dairy food market include:
• Groupe Lactalis S.A.
• Danone S.A.
• Fonterra Co-operative Group Limited
• Inner Mongolia Yili Industrial Group Co., Ltd.
• Nestle S.A.
• Saputo Inc.
• Arla Foods amba
• Dairy Farmers of America
• Amul
• Pacific Dairy
• Bates Dairy, Müller UK & Ireland
• Dairy Crest, Meadow Foods
• Dale Farm, Yeo Valley
• Nestle S.A.
What Are The Key Trends In The Dairy Food Market?
Key market trends impacting the future of the dairy food market are:
• Use of Internet of Things (IoT) technology to track dairy products for safe handling.
• Interactions between dairy food companies and e-commerce companies are increasing.
• Demand for clean label products is rising.
• Use of robotics and automation is becoming more prevalent in the dairy industry.
• Increase in partnerships and acquisitions for expanding brand visibility.
What Are The Segments Of The Global Dairy Food Market?
The dairy food market is segmented by:
1) By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert
2) By Source: Cattle, Sheep, Goat, Camel
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, E-Commerce, Others
Which Region Leads The Dairy Food Market?
Asia-Pacific was the largest region in the dairy food market in 2024, closely followed by Western Europe. These regions are covered in the dairy food market report, along with Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Dairy Food Market Global Market Report?
- Market Size Analysis: Analyze the Dairy Food Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Dairy Food 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 Food Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Dairy Food Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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