Global Dairy Products Market Segments 2024, Forecast To 2033
5 Mar, 2024
The dairy products market has demonstrated steady growth, increasing from $500.83 billion in 2023 to $524.15 billion in 2024, with a 4.7% CAGR. Historical drivers include urbanization, rising disposable income, population growth, and innovation. The market is expected to continue steady growth, reaching $628.29 billion in 2028, with a 4.6% CAGR. Anticipated trends include cultural diversity, global trade expansion, health and nutrition, plant-based alternatives, and premiumization and specialty offerings.
Global Dairy Products Market Key Driver
The dairy products market is set to witness growth driven by the rising demand for cheese. In 2021, the U.S. per capita consumption of cheese increased to 40.3 pounds, reflecting a growing appetite for dairy products. Cheese, as a versatile dairy product, sees increased demand due to its use in various culinary applications. With the total U.S. cheese production reaching 13.25 billion pounds in 2020, the dairy products market is poised for expansion, driven by the sustained popularity of cheese among consumers.
Get A Free Sample Of The Global Dairy Products Market ReportGlobal Dairy Products Market Segments
The dairy products market covered in this report is segmented –
1) By Product Type: Milk, Cheese, Butter, Desserts, Yogurt, Other Types
2) By Distribution Channel: Supermarket, Hypermarket, Specialty Store, Online Retail, Other Channels
3) By Application: Bakery and Confectionary, Clinical Nutrition, Frozen Foods, Other Applications
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the dairy products market in 2023. Asia-Pacific is expected to be the fastest-growing region in the dairy products market during the forecast period. The regions covered in the dairy products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Dairy Products Industry Players
Arla Foods amba; Fonterra Co-operative Group Limited; The Kraft Heinz Company; Nestlé S.A.; Danone S.A.; Royal FrieslandCampina N.V.; Dairy Farmers of America Inc.; DMK Group; Gujarat Cooperative Milk Marketing Federation Ltd.; Meiji Holdings Co. Ltd.; Parmalat S.p.A.; Sodiaal Group; Unilever N.V.; Inner Mongolia Yili Industrial Group Co. Ltd.; China Mengniu Dairy Co. Ltd.; Megmilk Snow Brand Co. Ltd.; Saputo Inc.; Lactalis International; Dean Foods Company; Agropur Cooperative; Kaira District Co-operative Milk Producers' Union Limited.; Arion Dairy Products BV; Bel Group S.A.; Savencia SA; Cabot Creamery Cooperative Inc.; California Dairies Inc.; Clover Sonoma Inc.; Darigold Inc.; Davisco Foods International Inc.; Foremost Farms USA; Glanbia plc.; Hilmar Cheese Company Inc.; Idaho Milk Products; Kerry Group plc.; Land O'Lakes Inc.; Leprino Foods Company
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AIOps Dairy Products Market Overview
Dairy products refer to food products that contain or are derived from milk and its derivatives by secretion of the glands of mammals, such as cows, sheep, or goats. The milk is processed and turned into a variety of products. They are used for nutrients and health benefits that help in building and maintaining strong bones.
Dairy Products Global Market Report 2023 provides data on the global dairy products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dairy products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.