Global Milk Substitutes (Non dairy milk) Market

The farm machinery and equipment market consists of sales of farm machinery and equipment by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing agricultural and farm machinery and equipment, and other turfs and grounds care equipment, including planting, harvesting, and grass mowing equipment (except lawn and garden-type). Only goods and services traded between entities or sold to end consumers are included. The global farm machinery and equipment market is expected to grow from $183.85 billion in 2020 to $201.83 billion in 2021 at a compound annual growth rate (CAGR) of 9.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $276.85 billion in 2025 at a CAGR of 8.2%. The farm machinery and equipment market covered in this report is segmented by type into cotton ginning machinery; feed processing equipment; fertilizing machinery; haying machines; milking machines; planting machines; plows; poultry brooders, feeders, and waterers; combines (i.e., harvester-threshers); other farm machinery and equipment. The integration of Internet of Things (IoT) applications in farm equipment is expected to drive the market of farm machinery and equipment. The world's population will surpass 9 billion people by 2050. Farmers need access to better instruments and practices that will help them to deliver more agricultural products in less time. Farmers need to adopt new and modern technologies to produce food for the ever-expanding population. For instance, the utilization of a smart greenhouse which operates with the help of IoT enables to monitor and control climate without human intervention. The IoT sensors in the smart greenhouse provide information on the light levels, pressure, humidity, and temperature and also control the actuators automatically to open a window, turn on lights, control a heater, turn on a mister, or turn on a fan. Therefore, IoT help increases production with reduced labor and drives the farm machinery and equipment market. Eco-friendly electric tractors are likely to be an emerging trend in the farm machinery and equipment market. Eco-friendly tractors operate through electronic batteries that can be recharged simply by plugging them into a standard socket and doesn’t require any kind of fuel that creates air pollution. There are also many tractors where farmers can install wind or solar power to produce electricity to charge the tractor’s batteries. For instance, in India, in March 2020, a startup company Cellestial E-Mobility launched an electric tractor, which is not only eco-friendly and cost-effective but also gives the same power as that of its diesel counterpart and available cheaper than diesel tractors. The zero-emission tractor features battery swapping, regenerative braking, and also helps to power an UPS. In April 2018, Tractors and Farm Equipment Limited (TAFE), an Indian tractor manufacturer acquired Serbian based tractor and agriculture equipment brand IMT for INR 45 million ($0.60 million). The acquisition will help TAFE to expand its footprint in the Balkans and Eastern Europe. The acquisition will also give TAFE the right to use the Brand and Intellectual Property Rights, including the designs, trademarks, and copyright (IPR) of IMT. The major players covered in the global farm machinery and equipment market are AGCO Coporation, CLAAS KGaA mbH, CNH Industrial N.V., Escorts Group, ISEKI & Co. Ltd., John Deere (Deere & Company), Kubota Corporation, Mahindra & Mahindra Limited, Same Deutz-Fahr Group S.p.A. (SDF), Valmont Industries Inc., China National Machinery Industry Corporation, Amazone Ltd., APV-Technischne Produkte GmbH, Bellota, Horsch Maschinen GmbH, J.C. Bamford Excavators Ltd., Klever, Kongskilde, Krukowiak Pvt. Ltd., Kuhn Group S.A., Kverneland A.S., Lemken, Mascar S.p.A., Maschio Gaspardo S.P.A, MaterMacc S.p.A., Morris Industries Ltd, Rostselmash, Morris Industries Ltd, Rostselmash. The countries covered in the global farm machinery and equipment market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global farm machinery and equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global farm machinery and equipment market is segmented - 1) By Type: Cultivator, Rotator, Chisel Plow, Harvester, Roller, Field Sprayer And Spreader, Irrigation System, Livestock equipment, Tractors, Others 2) By Application: Spraying, Water Supply And Conservation, Cultivation, Harvesting, Seeding, Weeding, Livestock Farming, Others 3) By Capacity: Small, Medium, Large 4) By Operation: Manual, Semi-Autonomous, Fully-Autonomous

The refrigerated goods trucking market consists of sales of refrigerated goods trucking services and related goods by entities (organizations, sole traders, and partnerships) that provide over-the-road transportation of refrigerated goods. Only goods and services traded between entities or sold to end consumers are included. The global refrigerated goods market is expected to grow from $47.54 billion in 2020 to $50.02 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $59.27 billion in 2025 at a CAGR of 4.3%. The refrigerated goods trucking market covered in this report is segmented by vehicle type into the light commercial vehicle; medium heavy commercial vehicles; heavy commercial vehicles. Increasing demand for perishable foods such as ready-to-eat food items, milk and dairy products, and fruits and vegetables are predicted to contribute to the growth of the refrigerated goods trucking market. The surging demand for frozen food items is propelling suppliers to equip their refrigerated units with multi-temperature systems, computer controls, and thermal liners to keep the food at the required temperature. According to Dairy Global’s statistics published in June 2018, the global milk production was about 876 million tons in 2018 and is projected to reach 1,168 million tons by the end of 2030, recording a growth of 35% during the period. Moreover, according to the National Dairy Development Board (NDDB), the demand for milk in the Indian market is expected to reach 180 million tons by 2022. Therefore, increasing demand for refrigerated food products is expected to drive the market for refrigerated goods trucking market during the forecast period. Lack of infrastructure for cold storage in developing countries is anticipated to limit the growth of the refrigerated goods trucking market over the forecast period. Cold chain management (CCM) is a recently adopted concept in supply chain management. CCM is a network of cold stores, refrigerators, freezers, refrigerated trucks, and cold boxes that are organized to maintain the temperature of the food items during storage, transportation, and distribution from the factory. Lack of proper cold chain management leads to loss of food and losses. According to the Food and Agriculture Organization of the United Nations (FAO)’s report on 16 countries from sub-Saharan Africa showed that cold chains are very poorly developed or inexistent in most subsectors in the region. Moreover, the International Institute of Refrigeration (IIR) estimated that in developed countries cold storage capacity in urban areas is about 200 liters per capita (where 70% of the population is urban) whereas in developing countries it is about 19 liters per capita (where 50% of the population is urban). Thus, lack of cold chain infrastructure especially in developing economies will result in low demand for refrigerated goods trucking services which is likely to act as a major restraint for the growth of the market. Major companies operating in this market are continuously investing in introducing new technologies such as cloud computing, IoT solutions, solar-powered systems, and communication technologies such as machine learning, GPS, 5G for greater accountability, visibility, and performance in refrigerated storage and transport. It is estimated that the investments in this field are likely to cross $40 billion by the end of 2020. Moreover, in April 2020, Carrier Transicold launched a solar charging system for transport refrigeration unit batteries which has an innovative design that conveniently fits on top of the unit. The innovative solar charging system is capable of delivering 2.0-amp power delivery by combining ultrapure silicon cells with a high-performance charge controller. In January 2020, Nolan Transportation Group (NTG), truckload brokerage and third-party logistics services provider, acquired Eagle Transportation LLC, a cold chain logistics specialist for an undisclosed amount. With the acquisition of Eagle Transportation LLC, Nolan Transportation Group (NTG) plans to expand nationwide supply chain solutions offerings with enhanced temperature-controlled capabilities and expertise of the company. Eagle Transportation LLC is a Mississippi-based brokerage and transportation company engaged in providing on-time temperature-controlled shipping services. The major players covered in the global refrigerated goods trucking market are Schmitz Cargobull AG, Great Dane LLC, China International Marine Containers, Kogel Trailer GmbH & Co, Hyundai Translead Inc., Wabash National Corporation, KRONE, GRW Tankers and Trailers. The countries covered in the global refrigerated goods trucking market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global refrigerated goods trucking market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global refrigerated goods trucking market is segmented - 1) By Vehicle Type: Light Commercial Vehicle, Medium Heavy Commercial Vehicles, Heavy Commercial Vehicles 2) By Temperature: Single Temperature, Multi-Temperature 3) By Application: Food Products, Poultry, Meat, and Seafood, Dairy and Beverages, Bakery And Confectionery, Pharmaceutical, Others

The milking machines market consists of sales of milking machines by entities (organizations, sole traders, or partnerships) that are engaged in manufacturing milking machines that are used for milk extraction from dairy animals, especially dairy cattle. Only goods and services traded between entities or sold to end consumers are included. The global milking machines market is expected to grow from $3.67 billion in 2020 to $4.22 billion in 2021 at a compound annual growth rate (CAGR) of 15%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $6.87 billion in 2025 at a CAGR of 13%. The milking machines market covered in this report is segmented by product type into fully automatic, semi-automatic, by livestock into cow, sheep, goat, buffalo, others, by application into micro-dairy farms, macro dairy farms, others. An increase in the rearing of dairy cattle is expected to drive the demand for the milking machines market. According to the Food and Agriculture Organization of the United Nations, the world has 1.46 billion heads of cattle, of which 159 million (11%) belong to Europe and Central Asia. According to the 20th Livestock Census, in 2019, the total number of cattle in India was 192.49 million, showing an increase of 0.8% over the previous census. It includes 145.5 million female cattle (cows) which showed an increase of 18% compared to 2012. Therefore, the growth in dairy cattle population across the globe led to increasing in milking production, which in turn propelled the revenues generated for the milking machinery market. The robotic milking machines has created immense demand in the milking machinery market. More dairy farmers are looking to robotic-milking systems as a result of the difficulty in finding a dependable workforce or being able to afford labor costs. In January 2019, GEA launched a GEA DairyRobot R9500 Milking Robot which brings a new level of intelligent milking to the farm. Similarly, in April 2018, LELY introduced a new robot milking machinery called Astronaut A5. Lely Astronaut A5 is intended to convey top-level usability, longevity, and reliability and produces a healthy and stress-free milking experience for both the farmers and their cows. With the Lely Astronaut A5, cow convenience has been furthermore advanced with a new hybrid arm that is placid, faster, energy-efficient, and more precise than results in concordant milking. Robotic Milking machinery is increasingly being used by dairy farmers for extracting milk from cattle. Animals (in robotic-milking systems) are undergoing less physical pressure and have expanded autonomy and freedom of movement, less-organized timetables, and lower pressure, all resulting in a better quantity of milk. In July 2020, DeLaval, a Swedish-based company that produces equipment for the dairy farmer, acquired Milkrite InterPuls for approximately $233.58 million. The acquisition is expected to help DeLaval to increase their investments in the future of dairy solutions and services and the agreement is subjected to clearance from the relevant antitrust authorities. Milkrite InterPuls is a global company providing dairy intelligence products and services for milking equipment that are innovative, durable, and competitive in price. The major players covered in the global milking machines market are Lely Holding S.a.r.l., GEA Group, DeLaval Inc., Fullwood Ltd, BouMatic Robotics B.V., S. A. Christensen & Co, AMS-Galaxy USA, Bon-Matic, Universal, Afimilk Ltd., Milkplan Farming Technologies, Prompt Dairy Tech, ADFmilking Ltd., Impact Technologies, Bisstarr Milking Systems, Vansun Technologies Pvt. Ltd., Caprine Supply, Agrifac Machinery BV, Bob-White Systems Inc., Pjur Group Luxembourg S.A., Kanters Holland BV. The countries covered in the global milking machines market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global milking machines market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global milking machines market is segmented - 1) By Product Type: Fully Automatic, Semi-Automatic 2) By Livestock: Cow, Sheep, Goat, Buffalo, Others 3) By Application: Micro Dairy Farms, Macro Dairy Farms, Others

The market for specialty foods consists of sales of specialty foods and their related services. Specialty foods are made from high quality ingredients and have limited distribution with unique or beautiful packaging. The specialty foods consist of cheese & plant-based cheese, non-RTD cocoa and coffee, refrigerated and frozen poultry/seafood/meat, yogurt, candy, pretzels/snacks/chips, bread & baked goods, and others. The global specialty foods market is expected grow from $138.79 billion in 2020 to $161.52 billion in 2021 at a compound annual growth rate (CAGR) of 16.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $247.2 billion in 2025 at a CAGR of 11%. The specialty foods market covered in this report is segmented by product type into cheese and plant-based cheese; frozen or refrigerated meat, poultry, and seafood; chips, pretzels, and snacks; bread and baked goods; chocolate and other confectionery; others and by distribution channel into food service; retail; online. The growth in the number of millennials preferring at-home and healthy meals coupled with growing interest in having nutritious food for a healthy lifestyle is increasing the demand for specialty foods. According to Specialty Foods Association (SFA), millennials are twice likely to plan at-home meals and giving high preferences for specialty products to create interesting and healthy eating experiences. Moreover, according to the research from the NDP Group in 2019, millennials, Gen X, and baby boomers are expected to eat more meals at home. Thus, growth in at-home cooking activities of millennials and preferences for healthy foods is anticipated to boost the revenue for specialty foods market over the forthcoming years. The high cost of specialty food is likely to hinder the growth of the specialty foods market during the period. Specialty foods are made from high-quality ingredients such as gluten-free, non-GMO, and ingredients rich in vitamins and minerals, thus include a higher cost of raw materials. According to Specialty Foods Association, the high cost of ingredients, certifications, and production is increasing the prices of specialty foods making it unaffordable for the large group of the populace. Therefore, the high cost of specialty foods is predicted to hinder the growth of the specialty foods market during the forecast period. The launch of high quality and innovative products such as plant-based, convenience, better-for-you, non-GMO products with authenticity, and products with unique attributes such as low fat, low calorie, low sodium, high protein, no dairy and organic is a major trend shaping the growth of the specialty foods industry. For instance, in February 2020, PANOS Brands, engaged in production and sales of a unique portfolio of specialty and natural brands announced the launch of its new products which includes Amore Organic Ready-To-Eat Legumes, KA•ME Asian Rice Crackers, Amore Organic Ready-To-Eat Legumes, Chatfield’s Premium Allergen-Safe Organic Baking Bars, Andrew & Everett rBGH-BST Hormone Free Melting Cheese, and MI-DEL Organic Apple Cinnamon Cookies. Therefore, the launch of new innovative and healthy products is likely to be a major trend driving the sales of the specialty foods industry. In August 2018, Indiana Packers Corporation (IPC), producer of Indiana Kitchen premium pork products announced the acquisition of Specialty Foods Group, LLC (SFG) based in Owensboro, Kentucky for a purchase-price between $ 25-27 million. The acquisition is expected to strengthen the Indiana Packers Corporation (IPC) growth for manufacturing, marketing, sales, and raw material utilization capabilities. Specialty Foods Group LLC is a manufacturer and distributor of private-labelled and premium branded meat products in the USA. The major players covered in the global specialty foods market are Compass Group, Chobani, World Central Kitchen, Eden Creamery, AeroFarms, Safe Catch Foods, Union Wine Co., Daily Harvest, a2 Milk, Amy’s Kitchen, Archer Daniels Midland Company, E.I. du Pont de Nemours and Company, Cargill, Incorporated, Kerry Group, Ingredion Incorporated, Tate & Lyle PLC, Pacmoore Products Inc. The countries covered in the global specialty foods market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global specialty foods market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global specialty foods market is segmented - 1) By Product Type: Cheese and Plant-based Cheese, Frozen or Refrigerated Meat, Poultry, Seafood, Chips, Pretzels, Snacks, Bread and Baked Goods, Chocolate and Other Confectionery, Others 2) By Distribution Channel: Food Service, Retail, Online 3) By Consumer Generation: Gen-Z, Millennials, Gen-X, Baby Boomers

The food and beverages market consists of sales of beverages, food, pet food and tobacco products by entities (organizations, sole traders and partnerships) that produce beverages, food, pet food and tobacco products. The companies in the food and beverages industry process raw materials into food, pet food and tobacco products, package and distribute them through various distribution channels to both individual customers and commercial establishments. The food and beverages market is segmented into alcoholic - beverages; non alcoholic - beverages; grain products; bakery & confectionary; frozen and fruit & veg; dairy food; meat, poultry and seafood; syrup, seasoning, oils, & general food; animal and pet food; tobacco products and other foods products. The global food and beverages market is expected to grow from $5838.8 billion in 2020 to $6196.15 billion in 2021 at a compound annual growth rate (CAGR) of 6.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $8163.61 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global food and beverages market, accounting for 42% of the market in 2020. North America was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global food and beverages market. Many countries across the globe are experiencing falling prices of crops due to overcapacity; this is expected result in low raw material costs for food and beverage companies. For example, in 2019, the Indian government spent $873 million to subsidize the export of sugar as a result of overproduction of sugarcane, thereby reducing prices. Thus, overproduction of certain crops is likely to result in higher profit margins for food and beverage companies. Higher profit margins will enable food and beverage companies to increase their production and drive the market going forward. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the food and beverages market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the food and beverages market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Frozen food manufacturers are using technologies such as individual quick freezing (IQF) to improve yield and quality of frozen foods. The IQF method involves transferring the individual food items on a conveyor belt into a blast freezer that quickly freezes the items. With IQF method, every individual piece of food is frozen separately, as opposed to bulk or block freezing. This method boosts yield by 1.5-3% and results in better quality products with high nutritional value and less wastage. Examples of IQF foods include fruits such as blueberries, strawberries and peaches, and vegetables such as corn, peas and green beans. The global IQF vegetable market is expected to reach $2 billion by 2026, thus indicating significant demand for IQF food products in future. Major companies in the market include Nestle S.A; Philip Morris International Inc; PepsiCo; JBS S.A.; Anheuser Busch InBev. The countries covered in the global food and beverages market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global food and beverages market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global food and beverages market is segmented - 1) By Type: Alcoholic - Beverages, Non Alcoholic - Beverages, Grain Products, Bakery & Confectionary, Other Foods Products, Frozen And Fruit & Veg, Dairy Food, Meat, Poultry And Seafood, Syrup, Seasoning, Oils, & General Food, Animal And Pet Food, Tobacco Products 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Nature: Organic, Conventional Subsegments Covered: Beer, Wine And Brandy, Spirits, Coffee And Tea, Soft Drink And Ice, Flour, Rice And Malt, Other Grain Products, Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla, Perishable Prepared Food, Snack Food, All Other Miscellaneous Food, Frozen Food, Canned And Ambient Food, Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert, Meat Products, Poultry, Seafood, Flavoring Syrup And Concentrate, Seasoning And Dressing, Fats And Oils, Pet Food, Animal Food, Cigarettes, Cigars And Cigarillos, Smoking And Other Tobacco Products

The milk and butter market consists of sales of milk and butter by entities (organizations, sole traders and partnerships) that produce processed milk products such as pasteurized milk, cream, creamery butter, sour cream and fluid milk dairy substitutes from soybeans and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The milk and butter market is segmented into milk dairy and butter. The global milk and butter market is expected to grow from $299.72 billion in 2020 to $316.44 billion in 2021 at a compound annual growth rate (CAGR) of 5.6%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $417.26 billion in 2025 at a CAGR of 7%. Asia Pacific was the largest region in the global milk and butter market, accounting for 49% of the market in 2020. Western Europe was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global milk and butter market. The increasing demand for local, sustainable and organic food production is expected to positively impact the milk and butter manufacturing 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 consumption demands for organic produce. For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the milk and butter manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the milk and butter manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. The internet of things (IoT) technology is increasingly being used to track dairy products including milk and butter and to 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. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve quality and safety of food production supply chains. Major companies in the market include Nestle; Danone; Arla Foods; Müller Group; Lactalis. The countries covered in the global milk and butter market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global milk and butter market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global milk and butter market is segmented - 1) By Type: Milk-Dairy, Butter 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Application: Food, Beverages, Intermediate Products, Condiments, Other Subsegments Covered: Butter Milk, Powdered Milk, Liquid Milk, Concentrated Milk

The cheese market consists of sales of cheese by entities (organizations, sole traders and partnerships) that produce cheese products (except cottage cheese) from raw milk and/or processed milk products, and cheese substitutes from soybean and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The cheese market is segmented into natural cheese and processed cheese. The global cheese market is expected to grow from $201.99 billion in 2020 to $216.88 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $296.24 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global cheese market, accounting for 36% of the market in 2020. North America was the second largest region accounting for 29% of the global market. Africa was the smallest region in the global cheese market. The increasing demand for local, sustainable and organic food production is expected to positively impact the cheese manufacturing 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 consumption demands for organic produce. For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products such as cheese offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the cheese manufacturing industry market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the cheese manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Food and beverage manufacturers depend on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. Also, restrictions on trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the cheese manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. 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. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve quality and safety of food production supply chains. Major companies in the market include Arla Foods Limited; Bongrain AG; Murray Goulburn Co-operative Co. Limited; Fonterra Co-operative Group Limited; Leprino Foods Company Inc. The countries covered in the global cheese market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global cheese market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global cheese market is segmented - 1) By Type: Natural Cheese, Processed Cheese 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Source: Cow Milk, Sheep Milk, Goat Milk, Buffalo Milk 4) By Product: Mozzarella, Cheddar, Feta, Parmesan, Roquefort, Others

The dry, condensed, and evaporated dairy product market consists of sales of dry, condensed, and evaporated dairy products by entities (organizations, sole traders and partnerships) that produce dry, condensed and evaporated milk and dairy substitute products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.