Press Release

2019 – 2024 Dairy Market Covers Current Market Scenario, Market Dynamics with Market Drivers, Restraints, and Upcoming Opportunities

Dairy

The “Dairy Market” report delivers data about the landscapes which drive the development of Dairy industry. The Dairy market consists of large key companies who play a vital role in the production, manufacturing, sales, and distribution of the products. Dairy market research report provides crucial information related to overall Dairy market with respect to market size, applications, end-user industry size, types, and various other factors.

Scope of the Report:

  • Global Dairy Market is segmented by product types such a Milk, Cheese, Butter, Cream, Yoghurt, Dairy Desserts, Others. The other dairy-based products include sour cream, Quark and fromage frais and by Distribution channel as supermarket/hypermarket, convenience stores, specialist stores, and Geography.
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    Market Overview:

  • Global Dairy Market is projected to grow at a CAGR of 5% to reach USD 703.5 Billion by 2024.
  • – Global milk output in 2018 is estimated at 843 million tonnes, an increase of 2.2% from 2017, driven by production expansions in India, Turkey, the European Union, Pakistan, the United States of America and Argentina, but partially offset by declines in China and Ukraine, among few others.
  • – Increasing demand is driven by a growing population, higher income, and more health consciousness. The global market is highly dominated by milk followed by butter, and cheese. Yoghurt and frozen desserts remain the fastest growing market globally.
  • – Global butter exports expanded by 7.5% in 2018, mainly contributed by countries like New Zealand, the United States of America and India, However, the European Union market for butter has declined.<

    Competitive Landscape: The report also presents the market competitive landscape and a corresponding detailed analysis of the major players in the market. Dairy Market Segment by Key Players 

  • Nestle
  • Lactalis Group
  • Danone S.A.
  • Fonterra
  • Frieslandcampina
  • Arla Foods
  • Dean Foods
  • Yili
  • Mengniu

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    Key Market Trends:

    Lactose-Free Dairy Driving sales

    More than 5% of US population is Lactose Intolerant and more than 10% of Europe and 90% of China population are Lactose intolerant. Lactose intolerant dairy is driving sales in these markets. People perceive products with low levels of lactose and sugar to be better for them. The offer of lactose-free products is now more and more diversified. Products with less lactose content, lactose-free dairies, yoghurts, milk or cheeses, lactose-intolerant consumers have access to a dizzying array of choices on the store shelves. The United States accounts for 29% of all the Lactose-free food consumed around the world. Lactose-free dairy is growing at a CAGR of 7%.

    Developing countries contributing to the growth

    Dairy product sales in developing countries form a major part contributing more than 50% of global sales. As the western market shows sluggish growth driven by product innovation, developing countries are growing at a higher rate driven by health consciousness. South America is the fastest growing region followed by the Middle East and Africa. Demand for dairy products is growing rapidly worldwide. This has led to the modernization of dairy production in developing countries. Efficient and sustainable dairy production in these countries is playing a large part in feeding the world’s growing population. Many women and children are benefiting from the day-to-day income from milk sales. Modernization also led to much lower greenhouse gas emissions, better milk quality and commercial opportunities for local dairy processing.

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    There are 4 key segments covered in this Dairy Market report:

    • Competitor segment
    • Product type segment
    • End-use/application segment
    • Geography segment

    What does this report deliver?

    • Comprehensive analysis of the Dairy market with respect to regions.
    • Complete coverage of all the segments in the Dairy market to analyze the trends, developments in the global market and forecast of market size up to 2024.
    • Comprehensive analysis of the companies operating in the Dairy market.
    • The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
    • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

    Dairy Market Report TOC Contains the Following Points:

    • Introduction of Market or Scope of Report
    • Research Methodology of Dairy Market
    • Executive Summary of Dairy Market
    • Overview of Dairy Market
    • Market Drivers, Restraints, Opportunities, and Key Challenges of Dairy Market
    • Dairy Market Segmentation by Product Type, Applications, and End-Users
    • Competitive Landscape by New Product Launches, Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships
    • Dairy Market Analysis by Key Players
    • Future Trends and Recent Developments of Dairy Market

    For Detailed TOC Click Here

     

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  • About the author

    Kaden Gilbert

    Kaden Gilbert

    I am a writer with over 10 years of experience in professional writing, six years of which as a full-time freelance writer – and two years as a full-time babysitter to my two-year-old son. With over 2,000 lifetime projects and countless positive feedbacks. My track record speaks for itself. I have worked and developed content for countless clients around the world – from startups to large corporations.