The Business Research Company’s latest report Dairy Food Global Market Report 2020 covers Dairy Food market drivers, Dairy Food market trends, Dairy Food market segments, Dairy Food market growth rate, Dairy Food market major players, and Dairy Food market size. The report provides in-depth analysis of the impact of COVID-19 on the Dairy Food industry, along with revised market numbers due to the effects of the coronavirus.
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Dairy Food Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global dairy food market is expected to grow from $675.3 billion in 2019 to $692.8 billion in 2020 at a compound annual growth rate (CAGR) of 2.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $847.2 billion in 2023.
The global dairy food market is segmented by type into milk and butter manufacturing, cheese manufacturing, dry, condensed, and evaporated dairy product manufacturing, ice cream and frozen dessert manufacturing, by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, others. Subsegments covered are milk-dairy, butter, natural cheese, processed cheese, dry dairy product, condensed dairy product, evaporated dairy product, ice cream, frozen dessert.
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