The Dairy Products Market Size was esteemed at USD 491.7 billion out of 2022 and is supposed to arrive at USD 635.17 billion by 2030, and develop at a CAGR of 3.25% over the forecast period 2023-2030.
The rising interest in dairy items is driven by a few factors like the developing populace, rising individual discretionary cash flow of the customer, rising wellbeing mindfulness, expanding creation of milk in emerging countries, and rising utilization of protein-enhanced food. The developing populace is supposed to drive the interest for milk, margarine, yogurt, different other dairy items attributable to its broad purposes in different dishes and direct utilization. Dairy items offer high-benefit protein and fundamental micronutrients to the shoppers.
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The dairy products market is supposed to become inferable from the rising government plans and drives in regards to drain creation and further developing cows’ efficiency. For example, the National Dairy Program by the public authority of India centers around the improvement of steers and milk creation. The rising infiltration of inexpensive food chains is altogether helping the utilization of dairy items like cheddar, dairy treats, and margarine. These dairy products are widely utilized in different dishes like pasta, burger, pizza, and some more. The heavenly taste and protein content of the dairy items is pushing the utilization of dairy items in families. Further, milk is presently thought to be a fundamental and everyday use item in the larger part of the families. In this manner, the worldwide dairy products market is supposed to develop at an impressive rate during the gauge time frame.
Lately, there have been huge mechanical progressions in the Indian dairy industry, including an AI stage created by startup MooFarm which will help tackle mastitis, an illness of the cow udder which prompts a yearly loss of a portion of a billion bucks in India. Upheld by an award from Microsoft, MooFarm is attempting to give stand-by help to ranchers and wants to have staff situated in country regions.
Driving Factors:
Developing mindfulness about creature government assistance.
Developing populace.
Restraining Factors:
Quickly creating dairy choices industry with new item advancements like non-dairy frozen yogurts, cheddar analogs, and whipped creams.
Opportunity:
Rising individual discretionary cash flow of the shopper, rising well-being mindfulness.
Expanding the creation of milk in non-industrial countries, and rising utilization of protein-enhanced food.
Challenges:
Expanding rate of lactose bigotry, like sensitivities from milk or milk-based products.
A shift toward vegetarianism consumes fewer calories because of potential medical advantages presented by a veggie lover diet and sound ways of life.
The COVID19 emergency had fundamentally impacted the market. There was an adjustment in purchasing conduct of the buyers. This was a direct result of the way that customers were leaning toward a larger part of dairy items in their eating regimen as the utilization of dairy items gives strength and helps in building and keeping up major areas of strength for with. Accordingly, the shopper's interest in dairy items raised during the pandemic. During the pandemic, the out-of-home utilization of dairy items declined, however, the development was raised in the in-home utilization of dairy products.
Russia's unwavering assault on Ukraine will demolish the continuous disturbances in the dairy production network. Also, expansion in dairy markets could start to debilitate dairy utilization, especially in Russia and low-pay countries. Betty Berning, the examiner with the Daily Dairy Report, expressed that while Russia's attack on Ukraine will in all likelihood diminish dairy utilization in those nations, "it will likewise affect the worldwide dairy industry, not be guaranteed to through organic market shifts, yet by causing costs of basic data sources like oil, petroleum gas, and compost to increment."
Product type:
Result type, the milk fragment drove the worldwide dairy products market with surprising income share and is expected to hold its predominance all through the estimated period. The strength of milk is credited to the expanded utilization of milk in families and different business units all around the globe. The dietary properties of milk and the expanded mindfulness with respect to the medical advantages of milk are driving the development of this portion across the worldwide market.
Distribution Channel:
The stores draw in an immense client base because of the accessibility of a wide assortment of food and refreshments items and family food. Along these lines, shoppers like to purchase family basics and food on a week-by-week or month-to-month premise. On the other hand, the others fragment is supposed to be the quickest developing section because of the rising reception of food conveyance stages among the customers. The quick development of the web-based food and staple conveyance stages in the worldwide market has helped the deals of the dairy items and is supposed to fill quickly in the approaching years.
By Product:
Milk
Yogurt
Butter
Others
By Distribution Channel:
Supermarkets/Hypermarkets
Convenience Stores
Online
Others
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The locale is described by a tremendous populace, expanded interest for milk, expanding milk creation, rising government drives for supporting milk creation, rising extra cash, and fast urbanization. The rising buyer mindfulness with respect to the medical advantages of dairy items is powering the market development. Also, the expanded use of milk in pretty much every family in countries like India and China had essentially contributed to the dairy items utilization. In this way, the Asia Pacific locale is supposed to support its predominance all through the figure period.
Then again, North America is assessed to be the shrewdest market during the gauge time frame. This is because of the expanded entrance of cafés and cheap food chains like Burger King, Pizza Hut, Domino's, and Yum Brands. These eateries broadly use cheddar and margarine in most of their items. Besides the developing prevalence of yogurt and dairy treats among the North American buyers is supporting the development of the North American dairy items market during the conjecture time frame. The rising customer mindfulness in regards to A2 milk is supposed to fuel the market development in North America.
Arla Foods amba, Fonterra Co-operative Group, GCMMF, The Kraft Heinz Company, Nestle S.A., Danone S.A., Royal FrieslandCampina, Dairy Farmers of America, Inc., DMK Group, Meiji Holdings Co., Ltd.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 491.7 Billion |
| Market Size by 2030 | US$ 635.17 Billion |
| CAGR | CAGR 3.25% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Product Type (Milk, Cheese, Butter, Desserts, Yogurt, and Others) • by Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Convenience Stores, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Arla Foods amba, Fonterra Co-operative Group, GCMMF, The Kraft Heinz Company, Nestle S.A., Danone S.A., Royal FrieslandCampina, Dairy Farmers of America, Inc., DMK Group, Meiji Holdings Co., Ltd. |
| Drivers | •Developing mindfulness about creature government assistance. •Developing populace. |
| Market Opportunities | •Rising individual discretionary cash flow of the shopper, rising well-being mindfulness. •Expanding the creation of milk in non-industrial countries, and rising utilization of protein-enhanced food. |
Ans: The base year calculated in the Dairy Products Market report is 2021.
Ans: Companies covered in Dairy Products Market markets are Arla Foods amba, Fonterra Co-operative Group, GCMMF, The Kraft Heinz Company, Nestle S.A., Danone S.A., Royal FrieslandCampina, Dairy Farmers of America, Inc., DMK Group, Meiji Holdings Co., Ltd.
Ans: The Asia Pacific holds the most extreme portion of the overall industry of the Dairy Products Market.
Ans: Developing populace and Expanding rate of lactose bigotry, like sensitivities from milk or milk-based items, are the elements driving and resulting in opportunities for the Dairy Products Market.
Ans: The Global Dairy Products Market Size is supposed to develop at a CAGR of 3.25% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Dairy Products Market segmentation, Product:
8.1 Milk
8.2 Cheese
8.3 Yogurt
8.4 Butter
8.5 Others
9. Global Dairy Products Market segmentation, By Distribution Channel:
9.1 Supermarkets/Hypermarkets
9.2 Convenience Stores
9.3 Online
9.4 Others
10. Global Dairy Products Market, by region/ country
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company profiles
11.1 Arla Foods amba
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 Fonterra Co-operative Group
11.3 GCMMF
11.4 The Kraft Heinz Company
11.5 Nestle S.A.
11.6 Danone S.A.
11.7 Royal FrieslandCampina
11.8 Dairy Farmers of America, Inc.
11.9 DMK Group
11.10 Meiji Holdings Co., Ltd.
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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