Global Dairy Products Market: Overview

Global Dairy Product Market is anticipated to worth USD 645.5 million by 2025, with a CAGR of 5.3% during 2019-2025. Owing to the growing world population base, rising per capita income, increasing awareness regarding nutritional values of dairy products and, changing consumer dietary patterns. The major factors driving the growth of the global dairy Products market are an increase in process food consumption and the growing fast-food industry. Introduction of new dairy products such as omega-3 fatty acids enriched milk, and A2 milk, as well as other health-oriented dairy products like standard milk with less fat, probiotic yogurts, and lactose-free goat cheese products, are supporting the growth of the global dairy products market.

A rise in awareness of health benefits is resulting in the growing concern among people towards a healthier lifestyle which is driving the growth of the dairy products market. In addition, there is a growing demand for supermarkets and hypermarkets as their penetration is increasing which in turn is growing the demand for dairy products market. The Supermarkets and Hypermarket sector has grown over the years, benefiting from a strengthening economy. The rising demand for high protein food and increasing consumption of premium dairy products are the key drivers regulating market growth. These factors are constantly accelerating the growth of the dairy products market.

Global Dairy Products Market: Product Insights

Based on the product, the dairy products market is bifurcated into Milk, Butter, Cheese, Ice cream, Lactose, and Yoghurt. Among them, Milk and Cheese segment holds the lion’s share of the overall dairy products market and project to dominate the market over the forecast period 2019-2025. Due to the growing consumer interest in probiotic beverages, as a result of their positive health effect, changing consumer dietary patterns, rising demand for dairy products from developing countries and enhancements in operational efficiency are some of the key factors backing the market growth. The high growth rate of the fast food industry is predicted to result in increased consumption of cheese in the near future. Ice cream segment is projected to have steady market growth owing to the growing demand and rising usage rates in all levels of population.

Global Dairy Products Market: Application Insights

On the basis of application, the global dairy products market is segmented into Frozen food, Bakery and Confectionary and, Clinical nutrition. Due to nutritional values and benefits of dairy products are also administered by clinical professionals to patients suffering from some disorders and undergoing surgery. Frozen food includes ice creams and other condensed milk products to be maintained for longer durations. Bakery industry also has applications of dairy products such as cream, cheese, and butter during the production of various types of biscuits and bread.

Global Dairy Products Market: Sales Channel Analysis

On the basis of the distribution channel, the Global dairy products market has been segmented into Online Channel, and Retail Stores. The retail store’s channel is witnessing high growth. Retail stores have high growth potential due to the presence of large middle-income group further new wave of expansion through the compact store format will favor the dairy products demand in retail stores. Convenience stores represent the largest segment followed by supermarkets and hypermarkets owing to the rising number of health-conscious consumers, expanding the working population and increasing urbanization are boosting the dairy Products market. Apart from standard stores e-commerce is the next big sector. The growing online sales of products, increasing demand for premium dairy products, and products innovation offerings are the key driver for the market.

Globally Dairy Products Market: Regional Insights

Geographically, the Global dairy products market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific accounted for the maximum market share in 2018 lead by India and projected to dominate the overall dairy products market over the forecast period. Owing to the expansion of the middle-class population, rapidly growing fast food industry, increasing disposable income, rapid urbanization. Change in the dietary preferences of consumers in countries like China, India, and Australia has led to an increased demand for the dairy products in the region. Easy accessibility of raw material and the existence of animal farming in the region are the key markets in this region which are increasing the demand for dairy products. Latin America is the fastest growing region of the overall dairy products industry owing to the presence of the second largest dairy herd present in Brazil after India.

Objective of the Study:

To analyze and forecast market size of the Global dairy products market, in terms of value.

To examine the careful market segmentation and forecast the market size, in terms value, on the basis of region by segmenting dairy products market into five regions, namely, North America, Europe, Asia Pacific, Middle East and their leading countries.

To outline, categorized and forecast the global dairy products market on the basis of product, application, and sales channel.

To examine competitive developments like expansions, technological advancement, services, and regulative framework within the global dairy products market.

To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Global Dairy Products Market: Competitive Landscape

Companies such as Amul, Dairy Farmers, Kraft Foods Inc., Fonterra group Cooperative Limited, Dairy Farmers of America Inc., Arla Foods UK Plc., Meiji Dairies Corporation, Nestle SA, Royal Friesl and Campina N.V., SanCor Cooperatives, Megmilk Snow Brand Co. Ltd, Dean Foods Company, Parmalat S.P.A, Danone and Unilever are the leading players of dairy products market across the globe.

Key Target Audience:

· Market research and consulting firms

· Industry associations

· Global dairy products manufacturers

· Research organizations and consulting companies

· Organizations, associations and alliances related to dairy products market

· Regulatory bodies

Scope of the Report

By Product

· Milk

· Butter

· Cheese

· Ice cream

· Lactose

· Yoghurt

By Application

· Frozen food

· Bakery and Confectionary

· Clinical nutrition

By Sales Channel

· Online Channel

· Retail Stores

In addition, the report provides analysis of the dairy products market with respect to the following geographic segments and their high performing regions:

· North America

· Europe

· Asia Pacific (APAC)

· LATAM

· MEA

Business Questions answer by the report

· How will the market drivers, restraints and opportunities affect the market dynamics?

· What will be the market size in terms of value and volume and market statistics with detailed classification

· Which segment dominates the market or region and one will be the fastest growing and why?

· A comprehensive survey of the competitive landscape and the market participant players

· Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

· With five additional company detail analysis.

· Additional country analysis.

· Detailed segment analysis.