Dairy Products Market

Dairy product is defined as milk and any of the foods made from milk including butter, cheese, ice cream, yogurt, and condensed and dried milk. Dairy products are extremely diverse, as a result of the robust composition of milk and the types of microorganisms that can grow in milk. Majority of the organisms used for fermenting dairy products include lactic acid bacteria because of their ability to convert lactose to lactic acid efficiently. Lactic acid helps to increase acidity, coagulate proteins, and prevent the growth of undesirable organisms. Some minor metabolic end products and degradation of proteins and lipids also contribute to the flavor of dairy products.

Market Dynamics

Growing consumer awareness towards healthy lifestyle and nutritional food is boosting demand for dairy products. For instance, in 2019, International Food Information Council Foundation (IFICF) conducted a consumer survey in North America about diet preferences. More than 48% of consumers said that they often include dairy products in their daily meals as a source of protein and vitamins. Thus, above mentioned factors are expected to boost demand for dairy products, thereby driving the market growth.

Additionally, various other factors such as increasing milk production, favorable polices for dairy industry, rising population, increasing consumer disposable income, growing foreign investment, increasing demand for western dairy products such as yogurt, sour milk, etc., and technological advancements in dairy processing are expected to boost demand for dairy products, which in turn is expected to drive the dairy products market growth.

Increasing dairy products sales through various popular online distribution channels such as Just Milk, Sainsbury’s, Ocado, Mr. Case, and Walmart is expected to create lucrative opportunities for market during the forecast period. Some companies also deliver the product online through their mobile application.

For instance, India-based, Gujarat Cooperative Milk Marketing Federation (GCMMF Amul) delivers milk and other dairy products through its mobile app. additionally, growing usage of internet and improved connectivity across the world will also augment the dairy products market growth. Thus, innovation in dairy products & significant products sales through online distribution channels are expected to create lucrative opportunities for the market during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of the global dairy products market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global dairy products market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Arla Foods Amba, Dairy Farmers of America, Inc., Danone S.A., DMK Group, Fonterra Co-operative Group Limited, Frieslandcampina, GCMMF, Lactalis International, Meiji Holdings Co. Ltd., Nestle S.A., Dean Foods Company, Saputo Inc., Megmilk Snow Brand Co., Ltd., Parmalat S.p.A., and Unilever N.V.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global dairy products market report caters to various stakeholders in this industry including investors, suppliers, extruded aluminum profiles manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global dairy products market

Detailed Segmentation:

• Global Dairy Products Market, By Product Type:
  • Milk
  • Cheese
  • Butter
  • Dessert
  • Yogurt
  • Others
• Global Dairy Products Market, By Distribution Channel:
  • Supermarket/Hypermarket
  • Specialty Stores
  • Convenience Stores
  • Others
• Global Dairy Products Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • By Country:
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest Of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • South Korea
      • ASEAN
      • Australia
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Country/Region:
      • Middle East
      • Africa
• Company Profiles
  • Arla Foods Amba*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Dairy Farmers of America, Inc.
  • Danone S.A.
  • DMK Group
  • Fonterra Co-operative Group Limited
  • Frieslandcampina
  • GCMMF
  • Lactalis International
  • Meiji Holdings Co. Ltd.
  • Nestle S.A.
  • Dean Foods Company
  • Saputo Inc.
  • Megmilk Snow Brand Co., Ltd.
  • Parmalat S.p.A.
  • Unilever N.V.

“*” marked represents similar segmentation in other categories in the respective section.