Dairy Product Market is anticipated to worth USD 645.5 million by 2025
Published | 17 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
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.
Get Help
Related Report
Publish Date: October 2021
Global demand for dairy products is expected to grow at a high CAGR because of increasing awareness of the health benefits of dairy product consumption, growing urbanization, and a shift in dietary habits. Additionally, technological advancements in dairy processing also drives the global dairy products market.
Relevant Press Releases
- Global Sweet Red Wine Market is majorly driven by the changing consumer habits and growing demand for red wines during the forecast period
- The Global Smart Automotive Bumper market is projected to reach the valuation of USD 1,452.84 Million by 2026 with a CAGR of 4.11%
- The global Iron Ore pellets Market is projected to reach a valuation of 62.13 million by the year 2027 by growing at a CAGR of 3.37% during the forecast period 2021-2027.
- Data Center Interconnect (DCI) Market is expected to grow at CAGR 10.5% during the forecast period, 2019-2025
- Global Material Jetting 3D Printing Market is Forecast to Touch USD xx Billion by 20xx, Growing at a CAGR of xx% During 20xx to 20xx