The Dairy Products Market Report provides an in-depth analysis of the market by assessing the growth trends, products, applications, end-user segment, historical data, and information obtained through interviews of industry experts. This market intelligence report includes a comprehensive evaluation of the market, discussing the value, volume, size, share, growth rate, key trends, demand supply ratio, gross revenue, competitive landscape, regional analysis, manufacturers, product types, and end-user applications to give a 360° overview of the global Dairy Products industry. The study provides key information pertaining to the different elements that are propelling or restraining the growth of the sector. It draws accurate forecasts to estimate the prospective growth of the overall business.
According to Reports and Data the global Dairy Products Market was valued at USD 3,510.7 Million in 2020 and is projected to grow at a CAGR of 8.0 % from 2020 to reach USD 6,209.6 Million by the year 2028. Consumption of dairy has become an important part of the daily routine in the market. Consumers have become more specific about the ingredients they are consuming on daily basis; fat-less food are in trend from pass few years which rises the demand of Dairy Products in the market. Infant formula is one of the classic Dairy Products, and has a large consumption volume throughout the world. Ingredient composition between different infant formulas will change depending on a range of factors.
The food and beverage industry is involved in transforming raw food materials into consumer food products. The sector includes groceries, oils and fats, food additives, functional foods and beverages, canned food, packaged foods, health and natural foods, baby food, animal food, syrup, baked food, soft drinks, alcoholic and non-alcoholic drinks, energy drinks, and packaging. The companies in this industry are looking for innovations in food that meet the changing consumer’s preferences in terms of global flavors, and varieties.
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The industry has been growing steadily over the past decade and CAGR is expected to improve over the forecast period. It is also likely to be one of the industries influencing global revenue generation. Rapidly growing demand, an abundance of raw materials, population growth, financial stability, and product awareness are some of the factors that make progress directly and indirectly in the market.
The report lists significant players operating in the market that are employing strategies to cater to the surging consumer demand. In addition, rising investments by the key industry players for the RD of products and automation of production facilities will bolster market growth during the forecast period. The report also discusses in detail the recent collaborations, partnerships and mergers acquisition in the market to help clients make strategic investment plans accordingly.
The major companies leading the market are Ltd. (New Zealand), Doehler Group (Germany), Agropur ingredients (Canada), Royal FrieslandCampina N.V. (Netherlands), and Kerry Group (Ireland).
Further key findings from the report suggest
- Powdered form accounted for more than 45% share of the overall revenue in 2018. It is broadly used in making infant formulation. It also works as a sugar substitute, emulsifier and stabilizer in ice creams. Furthermore, it is easy to store and has a longer shelf life owing to its dry form.
- Infant formula is predictable to witness the growth with a CAGR of 8.8% from 2019 to 2026. Surge in the number of working females in the corporate world has led to an increase in consumption of infant formulae as they decrease the preparation time required to cook baby food.
- The Asia Pacific is experiencing rapid growth in Dairy Products market over the forecast timeline with a CAGR of about 8.5%. Majority of the demand for Dairy Products was driven by China due to high birth rate, which augmented the demand for infant formula. Moreover, foremost global providers of dairy products are situated in Australia and New Zealand.
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Segments covered in the report:
Based on Type, (Volume Metric Tons, Revenue, USD Million; 2020-2028)
- Dairy Mixtures
- Dairy/Non-dairy ingredients
- Dairy as functional ingredient
- Dairy as carrier
- Others (combinations, dairy/protein derivatives, and dairy/non-dairy fat component)
Based on Form, (Volume Metric Tons, Revenue, USD Million; 2020-2028)
Based on Application, (Volume Metric Tons, Revenue, USD Million; 2020-2028)
- Ice cream
- Infant formula
- Butter cheese spreadable blends
- Others (cocoa preparations, chocolate, and confectionery)
Regional Outlook (Volume Metric Tons, Revenue, USD Million; 2020-2028)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East Africa
- Latin America
Radical Features of the Dairy Products Market Report:
- Valuable insights into the Dairy Products market to impart an in-depth understanding of the business vertical
- An 8-year forecast estimation along with an analysis of key elements of the market
- Technological advancements, regulatory framework, and recent developments covered in the report
- Growth analysis and projections until 2028
- Statistical analysis of the key players operating in the Dairy Products industry
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
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About Reports and Data:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
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