Global Dairy Foods Market to Reach About USD 1,368.47 Billion by 2032, Aided by the Rising Demand for Dairy Foods from the E-Commerce Sector

The growing sales for dairy foods from the online retail sector are propelling the growth of the market. With the emerging trend of snacking, the demand for ready-to-eat and convenient dairy foods is increasing, which is adding to the market growth. The development of innovative dairy products with premium and versatile flavours is expected to bolster the market growth. The market is also being fuelled by rapid urbanisation and increasing disposable incomes, which, in turn, is surging the demand for dairy products like cheese. The increasing consumption of yoghurt owing to its probiotics and protein component is also augmenting the market growth. With the rising health awareness, dairy products such as yoghurt are increasingly consumed for weight management and health benefits. Furthermore, the deployment of innovative technologies such as artificial intelligence (AI), advanced analytics, and the Internet of things (IoT) in the dairy sector to enhance the productivity, reduce wastage, and develop logistics infrastructure is likely to fuel the market growth of dairy foods in the forecast period.

Some of the leading companies in the market are Unilever plc (NYSE: UL) and Arla Foods amba. The latter would build a state-of-the-art commercial dairy farm in Northern Nigeria in June 2021. The farm is slated to open in 2022 and house 400 dairy cows while being equipped with modern milking parlours and technology. The farm would expect to produce about 10 tonnes of milk per day that would be processed by the company’s dairy plant in Kaduna State and supply locally dairy products to Nigerian consumers. The development of such dairy foods by the leading companies is augmenting the growth of the market.

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Market Analysis by Source, Type, Product, Distribution Channel, and Region:

• The market, on the basis of source, can be divided into cattle, sheep, goat, and camel.

• Based on type, the industry can be divided into lactose and lactose-free.

• The major products of dairy foods include milk, cheese, dessert, yoghurt, and butter, among others.

• By distribution channels, the market is segmented into hypermarkets and supermarkets, speciality stores, online retail, and convenience stores, among others.

• The regional markets for dairy foods include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing health-consciousness and the rising awareness regarding the health benefits of dairy foods are augmenting the growth of the market.

• The market growth can be attributed to the expansion of online distribution channels for dairy products and the rising demand for dairy foods in the foodservice sector.

• The increasing adoption of automated technologies and the growing access to cutting-edge instruments for herd management and data collection activities are driving the growth of the market for dairy foods.

• The easy availability of dairy foods and the introduction of various government initiatives to boost milk production and enhance cattle productivity are propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for dairy foods for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the sources, types, products, distribution channels, and major regions of dairy foods.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global dairy foods market are Unilever Plc, Nestle S.A., Arla Foods amba, Danone S.A., and Dairy Farmers of America, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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