The Business Research Company’s Dairy Food Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Dairy Food Global Market Report 2023 evaluates dairy food market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global dairy food market has exhibited remarkable growth, expanding from a valuation of $944.39 billion in 2022 to a substantial $1,018.35 billion in 2023. This impressive uptrend represents a significant compound annual growth rate (CAGR) of 7.8%, marking a robust trajectory for the industry.
Nevertheless, the course of global economic recovery from the COVID-19 pandemic has faced turbulence due to the Russia-Ukraine conflict. In the short term, this geopolitical confrontation has engendered a host of challenges, including economic sanctions levied against multiple nations, substantial surges in commodity prices, and significant disruptions in global supply chains. These consequences have rippled through various sectors, leading to inflationary pressures across a spectrum of goods and services. The global dairy food market, while resilient, remains subject to these prevailing headwinds as it charts a path towards a projected valuation of $1,329.15 billion by 2027, demonstrating a slightly adjusted CAGR of 6.9%.
Amidst this dynamic landscape, the dairy food market is experiencing notable shifts in consumer preferences. An escalating demand for locally sourced, sustainable, and organic food production is poised to exert a favorable influence on the industry in the forthcoming years. Notably, organic food production, including the production of organic dairy products, has emerged as a pivotal point of focus. This holistic approach places a strong emphasis on safeguarding consumer health, preserving the environment, and ensuring the welfare of animals involved in the production process.
Modern consumers are increasingly conscientious about the origins and preparation of their food, willing to invest slightly more in products that align with their perception of health and ethics. Notably, Europe grapples with a considerable imbalance between the demand for organic produce, particularly fruits and vegetables, and the local production capacity. This stark incongruity has resulted in a substantial reliance on imports, making the quest for sustainable and organic options a top priority for both the industry and its patrons. As we navigate this evolving landscape, it becomes increasingly evident that the dairy food market is poised for a transformative journey characterized by both challenges and opportunities.
The dairy food market segments in the report are:
1) By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert
2) By Source: Cattle, Sheep, Goat, Camel
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
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The table of contents in TBRC’s dairy food market report includes:
1. Dairy Food Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…
26. Market Background: Food And Beverages Market
27. Dairy Food Market Opportunities And Strategies
28. Dairy Food Market, Conclusions And Recommendations
30. Copyright and Disclaimer
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