Dairy Food Global Market To Reach Value Of About $956 Billion In 2025
20 Apr, 2021
The dairy food market consists of sales of dairy products by entities (organizations, sole traders and partnerships) that produce dairy products from raw milk and processed milk products, produce dry, condensed, concentrated and evaporated dairy, and/or produce some dairy substitute products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.
Global Dairy Food Market Size And Drivers:
The global dairy food market is expected to grow from $675.78 billion in 2020 to $722.14 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The market is expected to reach $956.26 billion in 2025 at a CAGR of 7%.
The increasing demand for local, sustainable and organic food production is expected to positively impact the dairy food market during the forecast period.
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Trends In The Global Dairy Food Market
The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles or other items that continuously exchange data and provide insights about a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation.
Global Dairy Food Market Segments:
The global dairy food market is further segmented based on type, distribution channel, and geography.
By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
Subsegments Covered: Milk-Dairy, Butter, Natural Cheese, Processed Cheese, Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product, Ice Cream, Frozen Dessert.
By Geography: The global dairy food market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global dairy food market, accounting for 42% of the total market.
Read More On The Report For The Global Dairy Food Market At:https://www.thebusinessresearchcompany.com/report/dairy-food-global-market-report-2020-30-covid-19-impact-and-recovery
Dairy Food Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides dairy food market overviews, analyzes and forecasts market size and growth for the global dairy food market, dairy food market share, dairy food market players, dairy food market segments and geographies, dairy food market’s leading competitors’ revenues, profiles and market shares. The dairy food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.