Overview and Scope
Dairy products refer to food products that contain or are derived from milk and its derivatives by secretion of the glands of mammals, such as cows, sheep, or goats. The milk is processed and turned into a variety of products. They are used for nutrients and health benefits that help in building and maintaining strong bones.
Sizing and Forecast
The dairy products market size has grown steadily in recent years. It will grow from $500.83 billion in 2023 to $524.15 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to urbanization and changing lifestyles, rising disposable income, population growth and demographic shifts, innovation in product offerings, trade liberalization..
The dairy products market size is expected to see steady growth in the next few years. It will grow to $628.29 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to cultural diversity and adaptation, global trade and market expansion, health and nutrition trends, plant-based alternatives growth, premiumization and specialty offerings.. Major trends in the forecast period include cultural preferences and diversity, nutritional awareness, clean label and transparency, globalization and international markets, convenience and snacking..
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Segmentation & Regional Insights
The dairy products market covered in this report 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 2023. Asia-Pacific is expected to be the fastest-growing region in the dairy products market during the forecast period. The regions covered in the dairy products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Major companies operating in the dairy products market report are Arla Foods amba, Fonterra Co-operative Group Limited, The Kraft Heinz Company, Nestlé S.A., Danone S.A., Royal FrieslandCampina N.V., Dairy Farmers of America Inc., DMK Group, Gujarat Cooperative Milk Marketing Federation Ltd., Meiji Holdings Co. Ltd., Parmalat S.p.A., Sodiaal Group, Unilever N.V., Inner Mongolia Yili Industrial Group Co. Ltd., China Mengniu Dairy Co. Ltd., Megmilk Snow Brand Co. Ltd., Saputo Inc., Lactalis International, Dean Foods Company, Agropur Cooperative, Kaira District Co-operative Milk Producers’ Union Limited., Arion Dairy Products BV, Bel Group S.A., Savencia SA, Cabot Creamery Cooperative Inc., California Dairies Inc., Clover Sonoma Inc., Darigold Inc., Davisco Foods International Inc., Foremost Farms USA, Glanbia plc., Hilmar Cheese Company Inc., Idaho Milk Products, Kerry Group plc., Land O’Lakes Inc., Leprino Foods Company .
Key Industry Players
Major companies operating in the dairy products market are focused on developing technologically advanced processes such as DelvoONE’ for manufacturing various dairy products to strengthen their position in the market. The new platform integrates artificial intelligence (AI) and machine learning that enables the yogurt manufacturers to deliver unique solutions. For instance, in October 2022, Koninklijke DSM N.V., a Netherlands-based manufacturer of nutritional ingredients announced the launch of the ‘DelvoONE’ product portfolio of all-in-one cultures for fermented milk products that are developed using the new ‘Culture Co-Creation Platform’. The platform enhances the precision and efficiency of new product development for dairy producers by simplifying the trial complexity in the culture selection process.
The dairy products market report table of contents includes:
1. Executive Summary
2. Dairy Products Market Characteristics
3. Dairy Products Market Trends And Strategies
4. Dairy Products Market – Macro Economic Scenario
5. Global Dairy Products Market Size and Growth
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31. Global Dairy Products Market Competitive Benchmarking
32. Global Dairy Products Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Dairy Products Market
34. Dairy Products Market Future Outlook and Potential Analysis
35. Appendix
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