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Dairy Products Market size is estimated to reach $445.82 Billion by 2025 and is poised to grow at a CAGR of 4.12% during the forecast period 2020-2025. Dairy products are types of foods made from mammalian milk, and they are mainly cows, buffaloes, goats, sheep, yaks, and camels. Since milk is a liquid product it is susceptible to unwanted microbial growth resulting in product breakdown. To avoid this problem, and to extend the shelf life of milk, it is processed to form various dairy products such as cheese, butter, milk powder, ice cream, yogurt, and others. Increased awareness of health awareness, along with increased demand for protein-rich foods and increased consumption of premium dairy products, are major factors driving the growth of the global dairy market. Additionally, the demand for dairy products in sports nutrition is one of the major factors that is estimated to drive the growth of the global dairy products market over the forecast years 2020-2025.

Dairy Products Market Segment Analysis – By Product

The global Dairy Products Market based on Mode of Product, can be further segmented into Milk, Butter, Cheese, Cream, Desserts, Milk Powder, Yogurt, and others. Milk segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR over the forecast years 2020-2025. This is owing to the high demand and increased utilization rates at all levels of the population. Rising levels of consumption of foods like ice cream and milkshakes is also estimated to drive market growth during the forecast period. (2020-2025).

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Dairy Products Market Segment Analysis – By Distribution Channel

The global Dairy Products Market based on Mode of End-Use, can be further segmented Supermarkets/Hypermarkets, Online Channel, Specialty Stores, and others. The Supermarkets/Hypermarkets segment registered for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025 owing to the one-stop shopping experience for consumers, and a wide range of availability for dairy products.

Dairy Products Market Segment Analysis – By Geography

The global Dairy Products Market based on Geography, can be further segmented into North America, Asia-Pacific, Europe, and Rest of World. Asia-Pacific registered for the highest revenue in 2019 and is set to grow at highest CAGR over the forecast period 2020-2025 owing to the increase in the population base, the high consumption of dairy products, and the increasing economic growth in this region are the factors attributed to the great growth. However, North America is estimated to outpace all the regions by clocking the highest CAGR during the forecast period 2020-2025 owing to the increasing consumer’s awareness of food products, and introducing advanced milk processing equipment in the region.

Dairy Products Market Drivers

Rise in Demand

The global Dairy Products Market is driven by the rising awareness of healthy lifestyle along with the increasing disposable income among the consumers around the globe. Increased awareness of health awareness, along with increased demand for protein-rich foods and increased consumption of premium dairy products, are major factors driving the growth of the global dairy market. Additionally, the nutritional benefits which are offered by the dairy products and the increasing demand of dairy products in sports nutrition are the other major factors that are estimated to drive the growth of the global dairy market over the forecast years 2020-2025.

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Dairy Products Market Challenges

Rise in Veganism

The rise in the veganism and the plant-based eating preferences of the vegan population has led to a reduction in the consumption of dairy products. Lactose intolerance, dairy allergy, consumer shift towards plant-based food products, and misconceptions related to milk consumption are the major factors, which are hampering the growth of global dairy products market. However, the availability of cholesterol-free alternatives, toned milk, soy milk, rice milk, potato milk and almond milk is estimated to impede the growth of the global dairy market during the forecast period 2020-2025.

Dairy Products Market Industry Outlook:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Dairy Products Market. Key companies of this market Arla Foods UK Plc, Amul, Kraft Foods Inc, Dairy Farmers of America Inc., Lactalis, Nestle SA, Megmilk Snow Brand Co. Ltd, Fonterra Group Cooperative Limited, Dean Foods Company, Parmalat S.P.A, Danone and Unilever.

Acquisitions/Product Launches:

In August 2020, Amul announced the launch of Haldi Ice Cream, which helps people in following the ancient ways of keeping the immunity high with the help of Ayurveda and practicing a healthy lifestyle.

In January 2019, Lactalis has acquired India based Prabhat Dairy in a deal of worth $239 million to gain leading market share in Western India, thereby marching towards its goal of turning into a pan Indian company.

Key Takeaways

Geographically, the Asia-Pacific area is poised to see extraordinary development owing to the increase in the population base, the high consumption of dairy products in the region and is set to continue during forecast period 2020-2025.

The global demand for the Dairy Products Market is owing to the increasing health awareness, along with increased demand for protein-rich foods and increased consumption of premium dairy products.

The rise in the veganism and the plant-based eating preferences of the vegan population has led to a reduction in the consumption of dairy products, which is estimated to restrain the market growth during the forecast period 2020-2025.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Dairy Products Market report.

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https://www.industryarc.com/Report/18809/dairy-processing-cleaning-products-market

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Contact Information:

Venkat Reddy
Sales Director
Email: [email protected]
Website: https://www.industryarc.com
Phone: (+1) 970-236-3677

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