Press release
Comprehensive Dairy Products Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Dairy Products Market Size
The dairy products market is projected to experience growth due to the surging demand for cheese. Cheese, a dairy product, is generated from the curds of soured milk that, when pressed together and allowed to age, form a solid that may be either soft or hard. It typically consists of dense, coagulated milk, that is usually matured curd. The cheese-making process involves milk separated for whey and pressed ripe curds, thus an upsurge in cheese consumption will fuel market expansion. As an example, the Cheese Reporter, a U.S.-based organization solely focusing on cheese and related products, reported in November 2023 that the production capacity of cheese in the United States reached 1.15 billion pounds in 2023, a marginal increase of 0.1% compared to September 2022. Within the first nine months of 2023, cheese production amounted to 10.55 billion pounds, signifying a 0.2% increase compared to the same timeframe in 2022. This pattern suggests a consistent growth in cheese production given diverse market forces. Consequently, the surging demand for cheese is a driving factor for the dairy products market.
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What is the projected compound annual growth rate (CAGR) of the dairy products market from 2025 to 2034, and what factors influence it?
The market size for dairy products has been consistently expanding in the past few years. It is projected to increase from $524.15 billion in 2024 to $548.57 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. The growth during the historic period can be credited to factors such as urbanization and lifestyle changes, an increase in disposable income, population growth and demographic shifts, innovations in products, and trade liberalization.
The market size for dairy products is projected to steadily increase over the next several years, potentially reaching a value of $657.27 billion by 2029 with a compound annual growth rate (CAGR) of 4.6%. This anticipated growth can be tied to a variety of factors, including cultural diversity and adaptation, the expansion of global trade and markets, evolving health and nutrition trends, the rise of plant-based alternatives, as well as premiumization and specialty offerings. Key trends predicted to emerge in the forecast period include diverse cultural preferences, heightened nutritional consciousness, an emphasis on clean labels and transparency, global market expansion, as well as the demand for convenience and snack items.
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How are the latest trends influencing the growth of the dairy products market?
The emergence of product innovations has become a significant trend in the dairy products market. Major corporations engaged in this sector are concentrating on creating pioneering products to solidify their market standing. For instance, Danone SA, a food and beverage company based in France, introduced the industry's first ever hybrid dairy and plant baby formula, Aptamil, in July 2022. Custom-made with a mix of plant and dairy, it contains 60% plant protein and 40% dairy protein. This blend encompasses selected plant proteins, fats, and fibers, featuring a 30% less carbon footprint through its use of recyclable packaging and endorsement of regenerative farming techniques. It's well-suited to vegetarian and plant-based diets without compromising the nutritional needs of babies.
What are the major segments of the dairy products market and their role in driving growth?
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: Super market, Hyper market, Specialty Store, Online Retail, Other Channels
3) By Application: Bakery And Confectionary, Clinical Nutrition, Frozen Foods, Other Applications
Subsegments:
1) By Milk: Whole Milk, Skim Milk, Low-Fat Milk, Flavored Milk, Plant-Based Milk Alternatives
2) By Cheese: Cheddar, Mozzarella, Processed Cheese, Cream Cheese, Feta, Blue Cheese, Other Specialty Cheeses
3) By Butter: Salted Butter, Unsalted Butter, Whipped Butter, Clarified Butter
4) By Desserts: Puddings, Ice Cream, Custards, Cheesecakes, Other Dairy Desserts
5) By Yogurt: Plain Yogurt, Flavored Yogurt, Greek Yogurt, Low-Fat Yogurt, Non-Dairy Yogurt Alternatives
6) By Other Types: Cream, Sour Cream, Buttermilk, Cottage Cheese, Kefir
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Which regions are key players in the growth of the dairy products market?
Asia-Pacific was the largest region in the dairy products market in 2024. 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
Who are the key firms paving the way for growth in the dairy products market?
Major companies operating 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., Sodiaal Group, Inner Mongolia Yili Industrial Group Co. Ltd., China Mengniu Dairy Co. Ltd., Megmilk Snow Brand Co. Ltd., Saputo Inc., Lactalis International, 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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What Is Covered In The Dairy Products Global Market Report?
• Market Size Forecast: Examine the dairy products market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the dairy products market for a structured understanding.
• Key Players Overview: Analyze major players in the dairy products market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the dairy products market.
• Segment Contributions: Evaluate how different segments drive overall growth in the dairy products market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the dairy products market.
• Industry Challenges: Identify potential risks and obstacles affecting the dairy products market.
• Competitive Landscape: Review strategic developments in the dairy products market, including expansions, agreements, and new product launches.
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