Dairy Market Overviews
Dairy Market size was valued at USD 858 Bn. in 2023 and the Dairy revenue is expected to grow at a CAGR of 5.01% from 2024 to 2030, reaching nearly USD 1208.10 Bn. by 2030.
The dairy industry comprises dairy farms that produce milk and dairy factories that process it into various products. Common dairy products include milk, cheese, yogurt, butter, cream, and milk powder. Over the past 50 years, the dairy industry has undergone significant restructuring. Farming practices have evolved from relying heavily on human and animal labor to becoming largely mechanized, including automated milking processes.
Several factors have driven the growth of the dairy market, including rapid urbanization, increased awareness of health and nutrition, significant technological advancements, rising demand for dairy snacks, shifting eating habits, and supportive government policies and regulations.
Dairy Market Scope and Methodology:
The increasing consumption of dairy products is driven by their significant nutritional benefits, including essential vitamins, minerals, calcium, and protein. Advances in dairy industry technology have introduced a range of options such as flavored, organic, and lactose-free products, attracting more consumers. The demand for convenience is rising, with ready-to-eat dairy items like cheese sticks, yogurt drinks, and single-serve portions catering to busy lifestyles and snack preferences. Additionally, the growing focus on fitness and wellness has boosted the popularity of high-protein diets, with dairy products like milk, cheese, and yogurt playing a key role. These factors collectively contribute to the growth of the dairy market.
Dairy Market Regional Insights
In 2023, Asia Pacific dominated the Dairy market. Large Asian economies such as China, India and Japan further drive the growth of the dairy business in Asia Pacific. The growing retail distribution of dairy products is expected to benefit the Asia-pacific dairy market, coupled with an increase in the number of new products by regional as well as international industry participants is fuelling the dairy market in the region. Huge population of the region, and number of local players in the region are one of the major reasons for the growth of the dairy market in the region.
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Dairy Market Segmentation
The Dairy Market is segmented into Fluid Milk, Cheese, Yoghurt, Flavoured Milk, Milk Powder, and Others. Among these, Fluid Milk holds the largest market share due to its widespread global consumption. It serves as the cornerstone of the dairy industry and is a key ingredient in the production of other dairy products, maintaining high demand. Fluid Milk is also popular as a standalone beverage, appreciated for its nutritional benefits, including protein, calcium, vitamins, and minerals. Innovations have led to the availability of various types of milk, such as whole, skimmed, and lactose-free, catering to diverse consumer preferences. These factors collectively drive the growth of the Fluid Milk segment in the dairy market.
Dairy Market Key Players
Danone
Groupe Lactalis
Simple Love Yogurt
Fage
Madeta
Ornua
Kwality
Lato Milk
Milk Mantra
Nomadic Foods
The Collective NZ
Mihan Dairy & Ice Cream
Alliston Creamery and Dairy Ltd
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Key questions answered in the Dairy Market are:
- What is Dairy ?
- What was the Dairy market size in 2023?
- What is the growth rate of the Dairy Market?
- Which are the factors expected to drive the Dairy market growth?
- What are the different segments of the Dairy Market?
- What growth strategies are the players considering to increase their presence in Dairy ?
- What are the upcoming industry applications and trends for the Dairy Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Dairy Market?
- Who are the leading companies and what are their portfolios in Dairy Market?
- What segments are covered in the Dairy Market?
- Who are the key players in the Dairy market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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