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Dairy Food Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
The Dairy Food Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Dairy Food Market Size and Its Estimated Growth Rate?
The size of the dairy food market has significantly increased in the past few years. The projections indicate that it's set to expand from a size of $859.63 billion in 2024 to an estimated $917 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.7%. Factors that contributed to the growth during the historic period include the increase in global population, heightened disposable income, a growing pool of health-centric consumers, and a period of low interest rates.
Anticipations are high in the coming years for a substantial expansion in the dairy food market size, with a prospective escalation to $1186.38 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 6.7%. This projected surge during the prediction period draws on multiple contributing factors such as the COVID-19 pandemic, increasing population, a growing presence of organized retail, enhancements in cold chains, a rise in dietary awareness, and a multitude of new product launches. The period's key trends encompass the incorporation of Internet of Things (IoT) technology, upsurging collaborations between dairy food corporations and e-commerce enterprises, heightened demand for products with clean labels, the introduction of robotics and automation in the dairy sector, and strategic partnerships and acquisitions aimed at brand expansion.
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How Are Emerging Segments Shaping the Dairy Food Market Landscape?
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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Which Growth Factors Are Influencing Dairy Food Market Expansion?
The dairy food market is poised to see a positive shift during the forecast period, attributed to the rising demand for local, sustainable, and organic food production. The focus of organic dairy products, an aspect of organic food production, is majorly on consumer health, animal welfare, and safeguarding the environment. Today's consumers are showing more concern about their food's origin and preparation and are ready to pay an extra amount for what they perceive as healthy. There's a significantly high import rate particularly for fruits and vegetables across Europe since the production rate is much lesser than the demand for organic products. In 2023, the Organic Trade Association in the United States, mentioned that for the first time, the sales of organic food crossed the $60 billion mark, setting a new benchmark for the flourishing organic sector. The total organic sales, which also included non-food organic items, reached a tremendous $67.6 billion as observed in 2023.
Who Are the Dominant Players Across Different Dairy Food Market Segments?
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.
What Are the Latest Developing Trends in the Dairy Food Market?
The application of Internet of Things (IoT) technology in tracking dairy products and maintaining safe handling practices is on the rise. IoT is a compilation of gadgets, vehicles, and various similar elements that interact constantly to share data, offering insights into a particular method or system. This advanced technology is being employed to monitor the ingredients that go into products. Devices connected to the internet in transportation vehicles and storage coolers can track dairy products, attaching data on environmental conditions such as temperature or location that supply vital details on safe product handling along the transportation route. For example, the National Food Quality Safety Traceability Platform was introduced by the Chinese government, utilizing IoT technology to enhance the quality and safety standards of food manufacturing supply chains.
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Which Geographic Regions Are Expected to Dominate the Dairy Food Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dairy Food Market?
2. What is the CAGR expected in the Dairy Food Market?
3. What Are the Key Innovations Transforming the Dairy Food Industry?
4. Which Region Is Leading the Dairy Food Market?
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