Dairy Market 2024 | Size, Share, Trends and Forecast 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Dairy Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Dairy Market?

The dairy market size reached US$ 901.2 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 1,484.2 Billion by 2032, exhibiting a growth rate (CAGR) of 5.7% during 2024-2032.

What are Dairy?

Dairy refers to products derived from milk, primarily produced by mammals such as cows, goats, and sheep. The common dairy products include milk, butter, cheese, cream, and yogurt, and serves as a valuable source of essential nutrients such as calcium, vitamins, protein, and minerals. These products are an essential part of the human diet, providing several health benefits. They contribute to bone health and help reduce the risk of osteoporosis due to their calcium content. Additionally, dairy products contain protein, which helps in muscle growth and repair. The vitamins present in dairy such as vitamin D, support immune function and continue healthy skin.

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What are the growth prospects and trends in the Dairy industry?

The Dairy market growth is driven by the increasing global population, which rises the demand for food products, including dairy. Additionally, urbanization and changing lifestyles have contributed to an increased consumption of convenient and packaged dairy products. Additionally, the growing awareness of the health benefits associated with dairy consumption, such as bone health and muscle development, has contributed to sustained demand. Furthermore, innovation and variation in dairy products such as UHT milk and other non-refrigerated dairy products to be fortified with probiotics and vitamins without the need for refrigeration, including premium and specialty dairy items. Moreover, concerns about environmental sustainability, animal welfare, and the rise of plant-based alternatives have also influenced the dairy market. As consumer preferences continue to evolve, the industry is adapting by exploring sustainable practices, introducing plant-based alternatives, and promoting transparency in production processes to maintain and enhance the dairy market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

·       Milk

·       Cheese

·       Butter

·       Yogurt

·       Ice cream

·       Others

 

By Packaging:

·       Plastic tubs

·       Glass bottles

·       Others

 

By Distribution Channel:

·       Online Retail

·       Convenience Stores

·       Supermarkets

·       Specialty Retailers

By Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East

Who are the key players operating in the industry?

The report covers the major market players including: 

·       Fonterra Cooperative Group

·       Arla Foods amba

·       Lactalis Group

·       Danone

·       Dairy Farmers of America

·       Amul

·       Savencia Fromage & Dairy

·       Unilever

·       Schreiber Foods

 

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