The global dairy food market size is expected to grow from $700.06 billion in 2021 to $768.53 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The dairy food market is expected to grow to $1,072.06 billion in 2026 at a CAGR of 8.7%.
What is the Global Dairy Food Market?
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. The dairy food market is segmented into milk and butter, cheese, dry, condensed, and evaporated dairy products and ice cream, and frozen dessert.
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What drives the Global Dairy Food Market?
The increasing demand for local, sustainable and organic food production is expected to positively impact the dairy food market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumer demands for organic produce. This growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the dairy food market during the forecast period.
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Global Dairy Food Market Segments
The global dairy food market is segmented:
By Type: Milk and Butter, Cheese, Dry, Condensed, and Evaporated Dairy Products, Ice Cream and Frozen Dessert
By Source: Cattle, Sheep, Goat, Camel
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others
By Geography: The regions covered in the dairy food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Dairy Food Global Market Report 2022provides market size and growth forecasts for the global dairy food market, global dairy food market share, dairy food market segments and geographies, dairy food market competitive landscape including 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.
Global Dairy Food Industry Playersinclude Groupe Lactalis S.A., Danone S.A., Fonterra Group Cooperative Limited, Inner Mongolia Yili Industrial Group Co. Ltd., Saputo Inc, Nestle S.A., Frieslandcampina, Arla Foods amba, The Kraft Heinz Company, and Savencia Fromage & Dairy. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
