About Dairy-
A dairy is a company that sells milk and milk products such as butter, cheese, yogurt, cream, etc. Dairy products provide essential nutrients such as calcium, vitamins, proteins, etc. Dairy products undergo different processing stages in specialized plants to ensure quality and safety. The dairy market includes dairy farming and milk production. In dairy farming, there is the raising of dairy cattle for milk production. There is growing interest in functional dairy products with added health benefits, such as probiotics and fortified options.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The dairy market is consolidated, and the leading players are expected to remain unchanged over the forecast period. Growth has mostly been driven by market momentum, but acquisitions have also boosted company performance. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lactalis (France), Nestle India limited (I Switzerland), Arla Foods amba (Denmark), Fonterra Group Cookies Statement (New Zealand), Danone (France), Amul (India), Yili Industrial Group (China), MOTHER DAIRY (India), Saputo Inc. (Canada), Müller Group (Germany), Friesland Campina (Netherlands), The Kroger Co. (United States) and Dairy farmers of America Inc (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are China Mengniu Dairy Company Limited (China), Agropur (Canada), Borden Dairy (United States), Parag milk foods (India) and Valio Ltd (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Dairy- market by Type (Milk, Cheese, Butter, Yoghurt, Ghee and Others (Whey Protein, Ice Cream, Lactose Powder, etc.)) and Region.
On the basis of geography, the market of Dairy- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Dairy- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category , the sub-segment i.e. Organic will boost the Dairy- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Types , the sub-segment i.e. Bottles will boost the Dairy- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising popularity of plant-based dairy alternatives
Market Growth Drivers:
Increasing demand for ‘functional foods and the growth in protein consumption and Rising demand for healthy and ‘clean label’ products.
Challenges:
Rising Competition from Plant-Based Alternatives. and The adoption of advanced technologies may involve significant upfront costs, limiting accessibility for some producers.
Restraints:
Exchange rate fluctuation can impact the cost of imported/exported dairy products. and Dairy product prices can be volatile due to factors like weather conditions, feed prices, and global demand.
Opportunities:
Investing in research and development to create product with health trends, promoting the nutrional benefit of dairy. and Incorporating organic and clean label practices
Market Leaders and their expansionary development strategies
In January 2019, Lactalis, a France-based dairy product manufacturer, acquired Prabhat Dairy. With this acquisition, Prabhat’s dairy business will gain from Lactalis’ technology and resources in growing its share of the fast-growing Indian dairy market and accelerating the growth of dairy products., and In September 2021, Lactalis Group, the world's leading dairy group, acquired Kraft Heinz Company’s natural specialty. With this acquisition, Lactalis acquires a portfolio of iconic cheese brands and expands their dairy products’.
In April 2023, leading milk and milk products company Mother Dairy Fruit and Vegetable Pvt Ltd announced that it is gearing up to strengthen its value-added dairy play with plans to launch new products. The new product line-up for this year includes a ready-to-consume custard, two Cold coffees, and over 10 ice cream variants., and In November 2023, Nestle launched N3 Milk. Made from cow's milk, it has all the essential nutrients found in milk, such as proteins, vitamins, and minerals. In addition, it contains prebiotic fibers, has a low lactose content, and has over 15% fewer calories. To develop the N3 milk, Nestlé used proprietary technology to reduce lactose, a sugar found in cow's milk, through specialized enzymes, thereby generating beneficial prebiotic fibers.
Key Target Audience
Supplier, Manufacturer, Research organization, Government Regulatory, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.