About Dairy Food
Dairy food includes milk and any product prepared from milk, such as butter, cheese, yogurt, and others. This type of food contains a high amount of vitamins, minerals, proteins, and carbohydrates. Dairy food is primarily derived from cattle, buffaloes, goats, sheep, and camels. According to the Food and Agricultural Organization of the United Nations (FAO), cattle produce 82% of milk in the world, followed by buffaloes with 14%. The production, as well as consumption of dairy food in the world, is projected to grow by 1.3% by 2030. Rising incomes, urbanization and population growth are the major factors encouraging the growth of the dairy sector.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global dairy food market is highly competitive. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. 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.
General Mills (United States), Nestle (Switzerland), FAGE (United Kingdom), Danone (France), Amul (India), Ultima Foods Inc. (Canada), Chobani (United States), Emmi Group (Switzerland), Muller UK & Ireland Group LLP (United Kingdom) and Kraft Heinz Company (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 Rainy Lanes Dairy Foods (United Kingdom), Wallaby Yogurt Co LLC (United States), Cabot (United States), The Icelandic Milk and Skyr Corporation (United States), Arla Foods UK Plc (United Kingdom), Groupe Lactalis SA (France), Fonterra Group Cooperative Limited (New Zealand), Organic Valley (United States) and FrieslandCampina (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Dairy Food market by Type (Milk, Yogurt, Curd, Cream, Butter, Cheese, Ice-Cream and Others), Application (Household, Bakery and Confectionery, Beverages and Others) and Region.
On the basis of geography, the market of Dairy Food 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 Fat Content, the sub-segment i.e. Full-Fat will boost the Dairy Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Dairy Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Low-Fat and Non-Fat Dairy Products Are Preferred By Consumers and Increase in Working Population Is Raising Demand for Ready-To-Eat Dairy Products
Market Growth Drivers:
Rising Income Levels and Urbanization Is Increasing Demand for Dairy Foods and Rising Populations and Changing Diets Are Increasing Demand
Challenges:
Unorganized Market Affecting Quality of Raw Materials
Restraints:
High Cost of Dairy Foods Is Restraining the Market in Underdeveloped Nations and Stringent Government Regulations Regarding Food Products
Opportunities:
Availability of Numerous Distribution Channels and Rising Concerns for Health and Wellness among Millennials
Market Leaders and their expansionary development strategies
In July 2021, Saputo Inc. had acquired the Wensleydale Dairy Products Ltd. the acquisition expands the company's product portfolio.
In May 2019, Nestle launched three products in the organic food category, those are an organic variant of Ceregrow. In this segment the company in line with the packaged food company’s innovation strategy to enhance its nutrition portfolio.
Food Safety and Standards Authority of India (FSSAI) has laid down regulations for the dairy sector. “The dairy processing unit shall have an adequate mechanical refrigeration system to cater to processing and storage requirements. The dairy processing unit shall have an adequate capacity boiler/hot water generator for generating steam/hot water to cater to the requirements of processing and allied activities. Dairy processing units shall have a functional water treatment plant. It may comprise of following elements – Softener units, RO plants, Ultra/Nano/Microfiltration, UV/Sand/Activated charcoal filters. The wrapping and packaging of dairy products shall take place under satisfactory hygienic conditions and in rooms provided for that purpose.”
Key Target Audience
Dairy Food Manufacturer, Dairy Food Traders/Distributors/Suppliers, Dairy Food Importer/Exporter, Dairy Food Raw Material Supplier, Dairy Food End-User, Regulatory & Government Bodies, Downstream Vendors 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.