Press release
Leading Companies Fueling Innovation and Growth in the Dairy Products Market
Dairy Products Market
Projected Expansion and Market Size of the Dairy Products Sector
The dairy products market is anticipated to grow steadily, reaching a valuation of $680.06 billion by 2030. This expansion is forecasted at a compound annual growth rate (CAGR) of 4.6%. Several factors contribute to this positive outlook, including rising demand for plant-based and hybrid dairy alternatives, an increased focus on protein-rich diets, growth in online dairy retail channels, enhanced investment in sustainable dairy farming practices, and innovations in dairy processing technologies. Additionally, the market is expected to benefit from trends such as greater consumption of value-added dairy products, increasing adoption of fortified and functional dairy items, expanded yogurt and fermented dairy intake, a focus on clean-label processing methods, and improvements in cold chain logistics.
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Key Factors Influencing Growth in the Dairy Products Market
One primary driver behind the dairy product market's growth is the rising consumer interest in healthier, protein-enriched diets. This shift encourages manufacturers to develop new, nutrient-packed dairy offerings that cater to health-conscious buyers.
Another significant influence is the surge in demand for sustainable and plant-based dairy alternatives. Consumers are increasingly seeking options that align with environmental values and dietary restrictions, prompting innovation in hybrid products that blend traditional dairy with plant-derived ingredients.
Leading Companies at the Forefront of the Dairy Products Industry
The dairy market is dominated by a range of major players from across the globe, including 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., and Leprino Foods Company.
A notable development in early 2024 includes Royal FrieslandCampina N.V.'s partnership with Selecta Group. This collaboration aims to improve the quality and consistency of Selecta's coffee and beverage offerings throughout Europe. FrieslandCampina will supply Selecta with liquid milk, creamers, and its Lattiz® professional dairy system across 16 European countries, enhancing Selecta's premium beverage lineup. Selecta Group, based in Switzerland, specializes in food tech and self-service coffee solutions for workplace, hospitality, and on-the-go markets.
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Emerging Trends Shaping the Future of the Dairy Products Market
In response to growing demand for nutritious and convenient dairy options, leading companies are launching high-protein dairy products such as protein-rich drinking yogurts and ready-to-consume dairy beverages. These products typically deliver 15 to 25 grams of complete dairy protein per serving, supporting active lifestyles and health-focused consumers.
For example, in September 2023, France-based Danone S.A. introduced GetPRO, a high-protein dairy range in the UK. This assortment includes yogurts, puddings, mousses, and drinks, each providing 15 to 25 grams of protein per serving. This launch highlights Danone's commitment to catering to the increasing global demand for protein-enhanced dairy products.
Detailed Segmentation of the Global Dairy Products Market
This report segments the dairy products market by product type, distribution channel, and application to provide a comprehensive overview.
1) Product Type: Milk, Cheese, Butter, Desserts, Yogurt, Other Types
2) Distribution Channel: Supermarket, Hypermarket, Specialty Store, Online Retail, Other Channels
3) Application: Bakery and Confectionery, Clinical Nutrition, Frozen Foods, Other Applications
Further subcategories include:
- Milk varieties like Whole Milk, Skim Milk, Low-Fat Milk, and Flavored Milk
- Cheese types such as Cheddar, Mozzarella, Processed Cheese, Cream Cheese, Feta, and Blue Cheese
- Butter options including Salted Butter, Unsalted Butter, Whipped Butter, and Clarified Butter
- Desserts featuring Puddings, Ice Cream, Custards, and Cheesecakes
- Yogurt forms comprising Plain Yogurt, Flavored Yogurt, Greek Yogurt, and Low-Fat Yogurt
- Other products like Cream, Sour Cream, Buttermilk, Cottage Cheese, and Kefir
This segmentation offers a detailed understanding of the diverse product offerings and their applications within the dairy products market.
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