Global Dairy Product Market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Dairy product, or “Milk Product” or “Lacticinia” is an essential part of our daily diet. It has been witnessing a significant demand and is anticipated to grow over the forthcoming period. There are several advantages of dairy product such as low-fat, cholesterol-free, and lactose-free content.
The factors that propel the growth of the Dairy Product Market include absence of stringent governing frameworks, influx of funds from public and private segments, flourishing animal and agriculture farming industry in several regions, and growing concerns toward health. On the other hand, there are factors that may hamper the growth of the market including reduced milk trade among nations.
‘Clean’ is the new supreme: Customers are looking for clean label products that do not contain any additives, artificial chemicals or preservatives. Numerous key players in the market for dairy foods have previously made clean label products a way of life, and in 2018, this trend is anticipated to be picked up widely by the other players as well. Clean labels are amongst the most noticeable dairy food trends that are anticipated to surge the trust among consumers and eradicate the brand risk for dairy food corporations.
The market may be explored by type, application, distribution channel and geography. The market may be explored by type as lactose free milk, yoghurt, cheese, buttermilk, butter, cream and frozen, ice cream and others. The key applications that could be explored in the Dairy Product Market include Frozen food, Bakery & Confectionery, and Clinical Nutrition. The market could be explored based on Distribution channel as Hypermarkets/Supermarkets, Convenience stores, department stores, and discounters. The “Hypermarkets/Supermarkets” segment led the Dairy Product Market in 2016 and is anticipated to maintain its dominance by 2021.
Asia-Pacific accounted for the major share of the Dairy Product Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include the presence of animal husbandry as one of the significant industries, easy availability of raw materials, and expansion of the customer base. North America is likely to record moderate to sluggish growth during the upcoming period.
Some of the key players that fuel the growth of the Dairy Product Market comprise Nestle SA, Amul, Dairy Farmers of America Inc., Arla Foods UK Plc., Fonterra Group Cooperative Limited, Danone, Parmalat S.P.A, Kraft Foods, Inc., Megmilk Snow Brand Co. Ltd., Dean Foods Company, Meiji Dairies Corp., Unilever N, Groupe Lactalis SA, Sancor Cooperatives Unidas Limited, Royal FrieslandCampina N.V., and Parmalat S.P.A. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
The reports help answer the following questions:
• What is the current size (volume and value) of the dairy product market in the world and in the top 10 global countries?
• How much dairy products are produced in the world and in the top 10 global countries?
• What is the price for dairy products in the world and in the top 10 global countries?
• How is the market split into different types of dairy products?
• How are the overall market and different product types growing?
• How is the market predicted to develop in the future?
• Who are the market players?
The latest industry data included in the reports:
• Demand (volume and value) for dairy products, 2010-2021
• Production of dairy products, 2010-2021
• Price for dairy products, 2010-2021
• Dairy product market size by product type, 2010-2021
• Growth rates of the overall market and different product segments, 2010-2021
• Shares of different product segments of the overall market, 2010, 2016, and 2021
The market data is given for the following product segments:
• Milk and cream (not concentrated/sweetened, fat not exceeding 1%)
• Milk and cream (not concentrated/sweetened, fat 1-6%)
• Milk and cream (not concentrated/sweetened, fat over 6%)
• Milk in powder, granules or other solid form (fat not exceeding 1.5%)
• Milk in powder, granules or other solid form (unsweetened, fat over 1.5%)
• Milk in powder, granules or other solid form (sweetened, fat over 1.5%)
• Milk and cream (concentrated/unsweetened)
• Milk and cream (concentrated/sweetened)
• Fresh (unripened/uncured) cheese
• Grated or powdered cheese
• Other processed cheese
• Blue-veined cheese
• Other cheese
• Dairy spreads
• Fats and oils derived from milk
• Ice cream
• Buttermilk, curdled milk and cream, kephir and other fermented or acidified milk and cream
• Whey and modified whey
• Milk products of natural milk constituents
• Lactose and lactose syrup
Research Support Specialist, USA