Press release
Global Dairy Market 2017 - Nestle, Danone, Lactalis, Fonterra, FrieslandCampina, Dairy Farmers of America, Arla Foods, Dean Foods, DMK
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According to IMARC Group’s latest report, titled “Global Dairy Market Report, Trends and Forecast (2017-2021)”, the global dairy market reached a value of more than US$ 590 Billion in 2016, growing at a CAGR of nearly 8% during 2009-2016. Dairy involves harvesting and processing of animal milk for human consumption which is further used in the production of various dairy products. An essential part of the human diet, dairy products are highly nutritive as they are rich in carbohydrates, proteins, calcium, phosphorus, potassium, vitamins A, D, B12, riboflavin and niacin, and offer numerous health benefits. In recent years, the market has been facing challenges due to an imbalance in the demand-supply ratio. However, the market is now expected to recover at a steady rate.
Highlights of the global dairy market:
Unrelenting population growth all over the world has encouraged the demand for dairy products.
Fluid milk represents the most popular product type.
Asia dominates the market for dairy products, accounting for a third of the total share.
A sudden fall in imports from two major dairy importers, Russia and China, led to a heavy dairy inventory and downfall in the dairy prices during 2009-10. The market is now on the path of attaining its demand-supply equilibrium owing to a number of drivers. Rise in the global population is driving the growth of the dairy market. Apart from this, emerging economies with rising disposable incomes, health consciousness and a shift towards nutritional food has increased the demand for dairy products. Further, there has been a rise in investments by local and multinational food and beverage companies to build capacity and product development capability to meet the growing demand. According to the report, the market is further expected to reach a value of US$ 740.5 billion by 2021.
Based on product type, the market is categorised into 17 major product segments. Fluid milk is the largest product segment. Other products include UHT milk, flavoured milk, cream, table butter, ghee, anhydrous milk fat, skimmed milk powder, whole milk powder, whey protein (powder and concentrate), casein powder, lactose powder, cheese, yogurt, ice-cream, cottage cheese and probiotic dairy products. The market has also been segmented on the basis of milch animals, including cow, buffalo and others. Region-wise, Asia represents the largest market, holding nearly a third of the total global share. Other regions include European Union, North America, Latin America, Eastern Europe and Oceania. On evaluating the competitive landscape, it is found that Nestle, Danone, Lactalis, Fonterra, FrieslandCampina, Dairy Farmers of America, Arla Foods, Dean Foods and DMK are the key players operative in the market.
Read full report @ http://www.imarcgroup.com/global-dairy-market
The report by IMARC Group has examined the Global Dairy Market on the basis of:
Product type:
UHT Milk
Flavoured Milk
Cream
Table Butter
Ghee
Anhydrous Milk Fat
Skimmed Milk Powder
Whole Milk Powder
Whey Protein (Powder and Concentrate)
Casein Powder
Lactose Powder
Cheese
Yogurt
Ice-Cream
Cottage Cheese
Probiotic Dairy Products
Milch animals:
Cow
Buffalo
Others
Regions:
Asia
European Union
North America
Latin America
Eastern Europe
Oceania
Others
Major Manufacturers:
Nestle
Danone
Lactalis
Fonterra
FrieslandCampina
Dairy Farmers of America
Arla Foods
Dean Foods
DMK
Browse related reports :
Dairy Industry in West Bengal: http://www.imarcgroup.com/dairy-industry-west-bengal
Dairy Industry in Uttar Pradesh: http://www.imarcgroup.com/dairy-industry-uttar-pradesh
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us
IMARC Group
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Website: www.imarcgroup.com
Email: sales@imarcgroup.com
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