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Dairy Food Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Which drivers are expected to have the greatest impact on the over the dairy food market's growth?The surge in desire for local, sustainable, and organic food production is projected to positively influence the dairy food market over the prediction period. Prioritizing consumer wellbeing, environmental preservation, and the welfare of animals characterizes organic food production, including organic dairy items. These days, consumers are becoming more mindful of the way their food is grown and prepared and demonstrate a willingness to pay a slight premium for what they perceive as healthy. In Europe, the import rate, particularly for fruits and vegetables, is exceptionally high due to the production rate lagging behind the demand for organic products. For example, in 2023, based on information from the Organic Trade Association, a United States-based organization, in 2022, organic food sales in the United States exceeded $60 billion for the initial time, setting a new precedent for the flourishing organic sector. Total organic sales, including organic non-food products, reached a milestone $67.6 billion in 2023.
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What is the future CAGR of the dairy food market, and how will it impact industry expansion?
The size of the dairy food market has seen robust growth in recent years, with a projection to increase from $859.63 billion in 2024 to $917 billion in 2025, representing a compound annual growth rate (CAGR) of 6.7%. The expansion observed during the historic time frame can be attributed to various factors, including global population growth, an increase in disposable income, a rising number of health-conscious consumers, and a period of low-interest rates.
In the coming years, the dairy food market is anticipated to witness robust expansion. The market size is predicted to reach $1186.38 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. Key factors contributing to this growth during the forecast period include the COVID-19 pandemic, population growth, expansion of formal retail, enhancements in cold chains, heightened dietary awareness, and a surge in new product launches. Among the major trends anticipated in the forecast period are the adoption of Internet of Things (IoT) technology, increased collaborations between dairy food firms and e-commerce companies, growing demand for clean label products, integration of robotics and automation in the dairy industry, and alliances and acquisitions aimed at brand expansion.
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What are the most significant trends transforming the dairy food market today?
An upsurge in the usage of Internet of Things (IoT) technology for tracing dairy goods, thereby assuring secure handling of products, has been observed. IoT technology is a network of gadgets, automobiles, or other objects, which constantly share data and offer insights about a process or system. This tech tool is employed for tracking the components utilized in products. Units linked to the internet in trucks and storage coolers are used to oversee dairy goods, tagging them with aspects like temperature or location. This data is beneficial in ensuring secure product handling during transit. For example, China's government established the National Food Quality Safety Traceability Platform, leveraging IoT technology to enhance the quality and safety measures in food production supply chains.
Which key market segments comprise the dairy food market and drive its revenue growth?
The dairy food market covered in this report is segmented -
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
Subsegments:
1) By Milk and Butter: Whole Milk, Skim Milk, Low-Fat Milk, Butter (Salted and Unsalted), Ghee, Cream (Heavy Cream, Whipping Cream)
2) By Cheese: Cheddar Cheese, Mozzarella Cheese, Cream Cheese, Blue Cheese, Feta Cheese, Processed Cheese, Cheese Spreads
3) By Dry, Condensed, and Evaporated Dairy Products: Dry Milk Powder (Skim and Whole), Condensed Milk, Evaporated Milk, Cream Powder, Instant Milk Products
4) By Ice Cream and Frozen Dessert: Regular Ice Cream, Low-Fat Ice Cream, Non-Dairy Ice Cream, Gelato, Sorbet, Frozen Yogurt
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What regions are at the forefront of dairy food market expansion?
Asia-Pacific was the largest region in the dairy food market in 2024. Western Europe was the second-largest region in the dairy food market. The regions covered in the dairy food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the dairy food market?
Major companies operating in 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, China Mengniu Dairy Company Limited, Milk Powder Co.Ltd, China Shengmu Organic Milk Limited, Mother Dairy, Kwality Limited, Dynamix Dairy, AAVIN, MILMA, Dudhsagar Dairy, Bates Dairy, Müller UK & Ireland, Dairy Crest, Meadow Foods, Dale Farm, Yeo Valley, Glanbia Cheese, Lactalis International, Kompaniya Pavlov, Olam, Rusmolco, CLAL, Siemens Dairy industry, Gabrovo Milk Ltd., JOSSI Ltd., Kondov Ecoproductia, Sofia, Agropur Cooperative, Schreiber Foods, Kraft Heinz Co., ConAgra Brands, Prairie Farms Dairy Inc., California Dairies Inc., Italac, Piracanjuba, La Serenísima, Colun, Ilolay, Earth's Own Food Company, Eden Foods, Inc, Nada Dairy, Nadec, Saudia Dairy and Foodstuff Company, Ornua, Danya Foods Ltd, Al Amoudi Group, Almarai, Freisland, Pinar Dairy Food Co, Tara Dairy, Bandini Cheese (Pty) Ltd., Clover SA (Pty) Ltd., Coega Dairy (Pty) Ltd., Douglasdale Dairy (Pty) Ltd., Dewfresh (Pty) Ltd.
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What Is Covered In The Dairy Food Global Market Report?
• Market Size Forecast: Examine the dairy food market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the dairy food market for a structured understanding.
• Key Players Overview: Analyze major players in the dairy food market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the dairy food market.
• Segment Contributions: Evaluate how different segments drive overall growth in the dairy food market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the dairy food market.
• Industry Challenges: Identify potential risks and obstacles affecting the dairy food market.
• Competitive Landscape: Review strategic developments in the dairy food market, including expansions, agreements, and new product launches.
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