Global Dairy Products Market Overview:
The global Dairy Products market is expected to witness high demand in the forecasted period due to technological advancements and innovations for obtaining more milk from dairy animals. Rising adoption levels of a sedentary lifestyle, unhealthy food habits and increasing awareness levels for nutritional food products are also estimated to increase demand for the market. Government arbitration plays a major role in regulating the market growth. The government in key dairy-producing countries such as Canada monitors the pricing structure and production quantities of main dairy products. The dairy industry is also considered one of the major industry providing a huge amount of employment worldwide. According to WHO, "Global milk output in 2018 is estimated at 843 million tonnes, an increase of 2.2 percent from 2017, driven by production expansions in India, Turkey, the European Union, Pakistan, the United States of America and Argentina, but partially offset by declines in China and Ukraine, among few others."
As per latest study released by AMA Research, the Global Dairy Products market is expected to see growth rate of 4.8%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Inclination Towards Lactose-free Dairy Products and Growing Demand due to Change in Consumer Dietary Patterns
Market Growth Drivers:
High Adoption due to Growing Population and Higher Income Levels and Increasing Demand due to Rising Health Consciousness
Challenges:
The Government Stringent Regulations Regarding Food Products
Restraints:
The concern Reading Durability of Dairy Products
Opportunities:
Increasing Demand from Developing Countries Such as Product Innovation, and the Rising Health Consciousness among Consumers and Modernization Resulted in Low Emission of Greenhouse Gases, Better Milk Quality, and Commercial Opportunities for Local Dairy Processing
Competitive Landscape:
The dairy market is considerably large, with the presence of numerous companies. Due to the dynamic and staple nature of the market, it is highly competitive. Furthermore, there is high scope for the entry of new companies, as entry barriers are not well developed. Changing consumer behavior, competition, and trade action are impacting the growth of dairy companies.
Some of the key players profiled in the report are Nestle SA (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Parmalat S.P.A (Italy), Groupe Lactalis SA (France), Kraft Foods (United States), Fonterra Group Cooperative Limited (Australia), Amul (India), Unilever (United Kingdom), Arla Foods UK Plc. (United Kingdom) and Danone (France). Additionally, following companies can also be profiled that are part of our coverage like Meiji Dairies Corp. (Japan), Dairy Farmers of America Inc.(United States), Megmilk Snow Brand (Japan) and Dean Foods Company (United States). Analyst at AMA Research see European Vendors to retain maximum share of Global Dairy Products market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Dairy Products market.
Latest Market Insights:
In February 2024, Danone, a leading global food company, announced a partnership with Dohler, a provider of natural taste, ingredients, and technology solutions, to develop innovative and sustainable plant-based dairy alternatives.
On March 5, 2024, Chobani, a Greek yogurt manufacturer, launched its new Chobani Complete line, a yogurt drink with probiotics, protein, and prebiotics for gut health.
What Can be Explored with the Dairy Products Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Dairy Products Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Dairy Products
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Dairy Products market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Dairy Products market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Dairy Products Manufactures, Dairy Products Suppliers, Dairy Products Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.