Dairy Product Market is anticipated to worth USD 645.5 million by 2025
Published | April 2019
According to BlueWeave Consulting, the global Dairy Product market is anticipated to worth USD 645.5 million by 2025, with a CAGR of 5.3% during 2019-2025. The Global Dairy Product Market is anticipated to grow with a significant growth rate during the forecast period, due to the changing lifestyle and fast- pace working hours, consumers have less time for health. Therefore, food with several health benefits, less fat content is preferred to stay fit.
Rising health-conscious population across the world is likely to fuel the demand for dairy products. Driving factors such as the increased consumption of processed food, changing lifestyles, growing urbanization, and the rise in disposable income will set to witness considerable growth in the dairy products market.
The government of India has introduced numerous schemes and initiatives aimed at the development of the dairy sector in the country. For instance, the “National Dairy Programme (Phase-I)” aims to boost cattle productivity and increase the production of milk, strengthening and expanding the rural milk procurement infrastructure and provide greater market access to the farmers. The major factors pushing the growth of the global dairy products market are increasing process food consumption and the growing fast-food industry. Moreover, due to an increase in obesity-related problems, most people are avoiding food with high-fat content; thus, increased the demand for low-fat dairy products.
Cheese & Milk segment holds for the largest share of the overall dairy products market during the forecast period.
Among dairy products type, the Milk and Cheese segment dominates the entire dairy products market due to their nutritional qualities, unique taste, and increasing health consciousness among consumers. In the dairy sector, the most significant value-added product is the fresh pasteurized milk, which is sold to the consumer directly. The demand for cheese was and still is popular among travel foods due to its portability, long shelf life. Cheese is a highly nutritious and pleasant-tasting milk-derived food product found in a wide range of textures, tastes, and aromas. Increasing incomes, rising standards of living, and health consciousness among the consumers have likewise pushed the growth of the market in a positive direction.
Asia-Pacific is the leading region of the global dairy products market during the forecast period.
Geographically, Asia-Pacific dominated the overall dairy products market and projected to lead the market over the forecast period. The rising necessity for nutritious, healthy, and organic products on account of increasing awareness regarding health is expected to augment market demand. India and China are the leading countries contributing to the high demand for dairy products in this region. Growing adoption levels of a lazy routine, unhealthy food habits, and increasing awareness levels for nutritional food products are also projected to increase demand for the market. Government arbitration plays a significant role in regulating the market growth. Latin America is projected to have healthy growth throughout the forecast period.
Explore full report with detailed TOC, “Global Dairy Products Market Size, By Product (Milk, Butter, Cheese, Ice Cream, Lactose And Yoghurt), By Application (Frozen Food, Bakery And Confectionary, And Clinical Nutrition), By Sales Channel (Online Channel, And Retail Stores), By Region (North America, Europe, Asia Pacific, Middle East & Africa And Latin America), Trend Analysis, Competitive Market Share And Forecast, 2015-2025” at https://www.blueweaveconsulting.com/global-dairy-products-market-bwc19153
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.