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Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Dairy Products Market By Product Type, By Application, By Distribution Channel, and Geography
Dairy Products Market By Product Type, By Application, By Distribution Channel, and Geography
Dairy Products Market size was valued at US$ 482.09 billion in 2023 and is expected to grow at a compound annual growth rate CAGR of 2.7% from 2024-2030. Dairy products are derived from the milk of buffaloes, cattle, camels, sheep, and goats. Majorly used dairy products include cheese, butter, yogurt, and buttermilk among others. dairy products are used for nutritional purposes. Moreover, a few dairy products such as butter and cheese are used in confectioneries and other bakery products.
Dairy Products Market Key Developments:
In February 2018, Lewis road creamery launched chocolate mint milk in New Zealand collaborated with Whittakers Chocolate.
Study Period
2024-2030Base Year
2023CAGR
2.70%Largest Market
North AmericaFastest Growing Market
Europe
Increase in global population, surge in demand for nutritional food products is expected to drive the global dairy products market. Moreover, increase in the number of dairy players, increase in dairy production due to rise in preference for animal farming in rural areas, development of newer dairy products such as lactose-free and cholesterol-free dairy products by market players, and grow in importance for balanced and nutritional diet are fuel the global dairy products market over the forecast years. However, cost fluctuations of dairy products, allergies with dairy products, and religious issues are anticipated to restrain the growth of global dairy products market over the forecast years.
Geographically, dairy products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dairy products market is poised to grow at an unprecedented CAGR due to rise in demand for nutritional products, increase in number of dairy products industries in U.S., and increased per capita income. Europe dairy products market is witnessed healthy growth opportunities due to increase in consumption of frozen foods and bakery products, surge in demand for dairy products. However, Asia pacific dairy products market recording the fastest growth attributed to rise in preference for dairy animal farming, huge population base in India, China, and increase in economic growth are expected to boost the market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 482.09 billion |
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Market CAGR |
2.70% |
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By Product Type |
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By Application |
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By Distribution Channel |
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By Region |
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The global dairy products market size was valued at US$ 482.09 billion in 2023 and is projected to grow at a CAGR of 2.7% from 2024 to 2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Disclaimer The above mentioned segmentation is tentative; it is changed according to clients requirement, or research feasibility.
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.