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Global Dairy Foods Market Size, Report, Forecast: By Source: Cattle, Sheep, Goat, Camel; By Type: Lactose, Lactose-Free; By Product: Milk, Cheese, Dessert, Yogurt, Butter, Others; By Distribution Channel, Hypermarkets and Supermarkets, Specialty Stores, Online Retail, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Dairy Foods Market Outlook
The global dairy foods market reached a value of about USD 823.85 billion in 2023. The industry is further expected to grow at a CAGR of about 5.80% in the forecast period of 2024-2032 to reach a value of around USD 1,368.47 billion by 2032.
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Asia Pacific to be one of the Significant Regional Markets for Dairy Foods
The Asia Pacific is the largest market for dairy foods. Milk is the most common dairy product consumed in most households. The presence of a huge population propels the demand for dairy foods in the region. The rising health awareness is boosting milk and yoghurt consumption. The Asia Pacific region's rising infrastructure increases the supply of milk and other dairy products, thus propelling the market growth. The rapid urbanisation is boosting the penetration of restaurants, cafes, and fast-food chains in the region, that extensively use dairy foods in their dishes. Online food and grocery sales of various dairy foods are being driven by the increased usage of smartphones and the internet. As a result, Asia Pacific is likely to be the largest market, and this position is expected to be maintained throughout the forecast period. Moreover, the market is being driven by the region's expansion of online distribution channels. Due to the rising demand for value-added dairy products, such as yoghurt and cheese, India is anticipated to have the fastest growth rate in the regional market.
Milk Segment Dominates the Market Owing to Increasing Consumption
Based on product, the milk segment dominates the global dairy foods industry and is anticipated to retain its dominance throughout the forecast period. The dominance of milk is attributed to the increased consumption of milk in households and various commercial units all over the globe. The nutritional properties of milk and the increased awareness regarding the health benefits of milk are boosting the growth of this segment across the global market. Milk intake lowers the incidence of osteoporosis in the elderly, which is projected to boost demand significantly.
The yoghurt segment is expected to witness significant growth due to the high demand in Brazil, China, and India. Consumers prefer to eat yoghurt as a part of their diet due to its role in maintaining a healthy gut, thus, improving immunity. Moreover, the preference for slightly sweet and flavoured yoghurt products in this country influences the growth of the overall market.
Dairy Foods: Market Segmentation
Lacticinia, sometimes called dairy goods or milk products, are food products manufactured from (or containing) milk. Cow, buffalo, goat, and sheep are the most common dairy animals. Dairy goods include yoghurt, cheese, and butter, common grocery store foods in the Western world. Calcium, proteins, zinc, magnesium, and vitamins D and B12 are all present in these goods.
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By source, the market includes:
- Cattle
- Sheep
- Goat
- Camel
The different types of dairy foods are:
- Lactose
- Lactose-Free
Based on product, the market is divided into:
- Milk
- Cheese
- Dessert
- Yogurt
- Butter
- Others
The several distribution channels of the market are:
- Hypermarkets and Supermarkets
- Speciality Stores
- Online Retail
- Convenience Stores
- Others
The regional markets for the dairy foods industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Growing Health Consciousness Augmenting the Market Growth
One of the key drivers of market expansion is the increased demand for milk and milk-based components. Population growth, rising health awareness, and a thriving food and beverage sector positively impact market growth. During the COVID-19 pandemic, significant product sales through internet distribution channels also aided the market expansion. Dairy products are high in riboflavin, calcium, vitamin D, vitamin A, niacin, potassium, and phosphorus, providing numerous health benefits. Another important trend in the dairy industry is the increased adoption of automated technologies. Farmers now have easier access to cutting-edge instruments that aid in data collection for grass and herd management activities. Likewise, there is a growing desire for clean label items free of additives, artificial preservatives, and chemicals. Owing to this, the manufacturers are prompted to expand their product portfolio by introducing organic dairy products. The easy availability of dairy foods due to modern retail facilities and cold chain logistics further drives the market growth. The dairy foods industry is expected to grow further in the coming years due to rising government schemes and initiatives regarding milk production and improving cattle productivity. For instance, the National Dairy Program by the Indian government focuses on the development of cattle and milk production.
Key Industry Players in the Global Dairy Foods Market
The report gives a detailed analysis of the following key players in the global dairy foods industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Unilever Plc
- Nestle S.A.
- Arla Foods amba
- Danone S.A.
- Dairy Farmers of America, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Type |
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| Breakup by Product |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Dairy Foods Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Foods Historical Market (2018-2023)
8.3 Global Dairy Foods Market Forecast (2024-2032)
8.4 Global Dairy Foods Market by Source
8.4.1 Cattle
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Sheep
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Goat
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Camel
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.5 Global Dairy Foods Market by Type
8.5.1 Lactose
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Lactose-Free
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Dairy Foods Market by Product
8.6.1 Milk
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Cheese
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Dessert
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Yogurt
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Butter
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Dairy Foods Market by Distribution Channel
8.7.1 Hypermarkets and Supermarkets
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Specialty Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Online Retail
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Convenience Stores
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Dairy Foods Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Dairy Foods Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Dairy Foods Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Dairy Foods Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Dairy Foods Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Dairy Foods Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Unilever Plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Nestle S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Arla Foods amba
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Danone S.A.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Dairy Farmers of America, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Dairy Foods Market: Key Industry Highlights, 2018 and 2032
2. Global Dairy Foods Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Dairy Foods Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Dairy Foods Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Dairy Foods Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Dairy Foods Historical Market: Breakup by Product (USD Billion), 2018-2023
7. Global Dairy Foods Market Forecast: Breakup by Product (USD Billion), 2024-2032
8. Global Dairy Foods Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Dairy Foods Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Dairy Foods Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Dairy Foods Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Dairy Foods Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Dairy Foods Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Dairy Foods Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Dairy Foods Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Dairy Foods Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Dairy Foods Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Dairy Foods Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Dairy Foods Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Dairy Foods Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Dairy Foods Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Dairy Foods Market Structure
Key Questions Answered in the Report
In 2023, the global dairy foods market attained a value of nearly USD 823.85 billion.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,368.47 billion by 2032.
The major drivers of the market include rapid urbanisation, expansion of online distribution channels, increased demand for milk and milk-based components, population growth, adoption of automated technologies, and the rising government schemes and initiatives.
Increasing purchasing power and rising health awareness are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The sources of dairy include cattle, sheep, goats, and camel.
The different types of dairy foods are lactose and lactose-free.
The market is divided into milk, cheese, dessert, yogurt, and butter, among others.
The several distribution channels of the market are hypermarkets and supermarkets, speciality stores, online retail, and convenience stores, among others.
The major players in the industry are Unilever Plc, Nestle S.A., Arla Foods amba, Danone S.A., and Dairy Farmers of America, Inc., among others.
Analyst Review
The global dairy foods market reached USD 823.85 billion in 2023, driven by rising health awareness. Aided by the expansion of online distribution channels and increasing purchasing power, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 5.80%. The market is projected to reach USD 1,368.47 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The sources are cattle, sheep, goats, and camel. The different types of dairy foods are lactose and lactose-free. Based on product, the market is divided into milk, cheese, dessert, yogurt, and butter, among others. The several distribution channels of the market are hypermarkets and supermarkets, speciality stores, online retail, and convenience stores, among others. The major regional markets for dairy foods are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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