The Dairy Products Global Market Report 2023, provides comprehensive information on the dairy products market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Dairy Products Global Market Report 2023, the market size is expected to grow from $480.52 billion in 2022 to $501.84 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global dairy products market size is expected to grow to $587.74 billion in 2027 at a CAGR of 4.0%.
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Product innovations have emerged as a key trend gaining popularity in the dairy products market. Major companies operating in the dairy products market are focused on product innovations to strengthen their market position. For instance, in July 2022, Danone SA, a France-based multi-local food and beverage company, launched Aptamil, the industry’s first dairy and plant blend baby formula. It is uniquely designed with combination of dairy and plant blend recipe with 60% of plant protein and 40% of dairy protein. The blend includes selected plant proteins, fats, and fibers that have a 30% lower carbon footprint by using recyclable packaging and supporting regenerative agriculture methods. It is suitable for vegetarian and plant-based diets that also meet the baby’s nutritional requirements.
The dairy products market is segmented:
1) By Product Type: Milk, Cheese, Butter, Desserts, Yogurt, Other Types
2) By Distribution Channel: Supermarket, Hypermarket, Specialty Store, Online Retail, Other Channels
3) By Application: Bakery and Confectionary, Clinical Nutrition, Frozen Foods, Other Applications
Asia-Pacific was the largest region in the dairy products market in 2022.
The table of contents in TBRC’s dairy products market report includes:
1. Executive Summary
2. Dairy Products Market Characteristics
3. Dairy Products Market Trends And Strategies
4. Dairy Products Market – Macro Economic Scenario
5. Dairy Products Market Size And Growth
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26. Africa Dairy Products Market
27. Dairy Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Dairy Products Market
29. Dairy Products Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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