The Dry, Condensed, And Evaporated Dairy Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Dry, Condensed, And Evaporated Dairy Products Global Market Report 2024, The dry, condensed, and evaporated dairy products market size has grown strongly in recent years. It will grow from $113.09 billion in 2024 to $120.16 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to dairy farming, long shelf life, global dairy production, military and emergency supplies, global export and trade.
The dry, condensed, and evaporated dairy products market size is expected to see strong growth in the next few years. It will grow to $150.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to health-conscious consumer preferences, sustainability and ethical practices, clean label and natural ingredients, global market expansion, digital marketing and e-commerce. Major trends in the forecast period include lactose-free and dairy-free options, functional and fortified products, alternative milk powders, flavored and instant varieties, customized and specialty products.
The increasing demand for local, sustainable, and organic food production is expected to positively impact the dry, condensed, and evaporated dairy product manufacturing market during the forecast period. Organic food products, including dry, condensed, and evaporated dairy products, place a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, sales of organic fruits and vegetables increased by 4.5% with revenue of $21 billion representing 15 percent of the total product market in the year 2021 in the US. This growing demand for organic products offers considerable opportunities for dry, condensed, and evaporated dairy product producers in both developed and developing countries, which is likely to drive the market during the forecast period.
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The dry, condensed, and evaporated dairy products market covered in this report is segmented –
1) By Type: Dry Dairy Product; Condensed Dairy Product; Evaporated Dairy Product
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels
3) By End Use: Food; Beverages; Intermediate Products; Condiments; Other End Users
Top 5 Major Players:
The dry, condensed, and evaporated dairy products market report table of contents includes:
1. Executive Summary
2. Dry, Condensed, And Evaporated Dairy Products Market Characteristics
3. Dry, Condensed, And Evaporated Dairy Products Product/Service Analysis -Product/Service Examples
4. Dry, Condensed, And Evaporated Dairy Products Market Trends And Strategies
5. Dry, Condensed, And Evaporated Dairy Products Market – Macro Economic Scenario
…..
67. Dry, Condensed, And Evaporated Dairy Products Market Competitive Landscape And Company Profiles
68. Global Dry, Condensed, And Evaporated Dairy Products Market Competitive Benchmarking
69. Global Dry, Condensed, And Evaporated Dairy Products Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Dry, Condensed, And Evaporated Dairy Products Market
71. Dry, Condensed, And Evaporated Dairy Products Market Future Outlook and Potential Analysis
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Dry, Condensed, And Evaporated Dairy Products Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Dry, Condensed, And Evaporated Dairy Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Dry, Condensed, And Evaporated Dairy Products Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 144: Kerry Group plc Financial Performance
Table 145: Tate & Lyle plc. Financial Performance
Table 146: Rhodes Food Group Financial Performance
Table 147: Nestlé S.A Financial Performance
Table 148: The J.M. Smucker Company Financial Performance
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