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Europe Dairy Market to Grow at a CAGR of 10.3% During 2021-2026.

According to a new report by EMR titled ‘Europe Dairy Market Report and Forecast 2021-2026’, the Europe dairy market attained a value of USD 3330 million in 2020. The market is projected to grow at a CAGR of 10.3% in the forecast period of 2021-2026 to reach a value of USD 6020 million by 2026.

The Europe dairy market is one of the major dairy markets globally accounting for nearly 22% of the global milk production. In the European Union, the annual consumption of the dairy products is expected to be about 45 million metric tons, and more than 300 varieties of cheese and dairy products are registered in the region. The EU is a major producer of cheese and is expected to witness a 2% increase in production in 2018, as compared to 2017, driven by the rising demand both in the domestic market and the global market. By 2026, the market share of EU cheese production is projected to be nearly 35%. 

The European cheese exports, as a whole, increased by 2.4% in 2020, as compared to the previous year. The European Union is the largest exporter of cheese, globally. The principal importer of EU cheese is the US followed by Japan and Switzerland. The EU is projected to retain its position as the largest cheese exporter globally and is expected to account for 37% of the global cheese export in 2027. The projected increase in the production of cheese in the EU is expected to be sustained by the increase in cheese exports to Canada with the Comprehensive Economic and Trade Agreement (CETA) coming into effect in 2017.

Since the abolition of EU milk quotas in 2016, EU dairy exports have witnessed a steady increase. It is one of the leading exporters of dairy along with countries like New Zealand and the United States. Cheese, skimmed milk powder (SMP) and packed milk are the primary dairy products exported by the EU. In 2017, EU was the leading exporter of SMP whose volume increased by 36.7% from 2016.  In 2017, China was the largest importer of packed milk produced in the EU and one of the leading importers of SMP after Algeria. EU exports of dairy products like cheese, milk powders, butter, condensed milk, cream, yoghurt, and milk saw an increase of 14.5% in 2017, as compared to the previous year.

Market Analysis by Types and Regions:

  • Fluid/UHT/ Flavoured Milk, cream, butter, anhydrous milk fat (AMF), skimmed milk powder, whole milk powder, whey Protein (powder and concentrate), lactose, casein, cheese, yoghurt, ice-cream, and probiotic dairy products are the different dairy products available in the Europe dairy market.
  • The EMR report analyses the major dairy markets in Europe like Germany, France, United Kingdom, and Russia.

Key Findings of the Report:

  • Growing concerns about health and wellbeing are driving the Europe dairy market with rising demand for nutrition-rich dairy products.
  • Increasing population along with the ease of availability of dairy animals is aiding the Europe market growth. 
  • The Western Europe dairy market is expected to witness a growth in the forecast period of 2021-2026 owing to the rising standards of living and a growing GDP.
  • In 2017, Germany was the only dairy market in Europe that witnessed a growth. 
  • More than 866 million kilograms of cheese, especially edam and gouda cheese, was produced by the Netherlands in 2017.
  • A warm Mediterranean climate and rising standards of living are supporting the Italian dairy market.

Key Offerings of the Report:

  • The report by EMR analyses the historical (2016-2020) and forecasted (2021-2026) global dairy market.
  • The report also provides market information for the Europe dairy market for the periods (2016-2020) and (2021-2026).
  • It offers the historical (2016-2020) and forecasted (2021-2026) market for the dairy products available in Europe.
  • It gives an in-depth look into the regional dairy markets in Europe by analysing their markets, and their price trends for the periods (2016-2020) and (2021-2026).
  • The EMR report offers a detailed analysis of the trade data by looking into the value and volume of the major exporting and importing countries for the year 2018.

Nestlé S.A., Danone S.A., Groupe Lactalis, Royal FrieslandCampina N.V., Arla Foods amba, Unilever, DMK Deutsches Milchkontor GmbH., Sodiaal International SA., Savencia S.A., and Müller Group are the major players in the Europe dairy market analysed by EMR. The EMR report provides the market share, capacity and latest developments of these key players like their capacity expansions, mergers and expansions, and plant turnarounds.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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