Dairy Product Market Grow with a CAGR of 4.21% through 2030F
The global Dairy Product market is expected to grow in the
future owing to the increasing health awareness, rising demand for plant-based
alternatives, population growth, convenience, taste preferences, and product
innovation.
According to
TechSci Research report, “Dairy Product Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2020-2030F”, the
global Dairy Product market stood at USD 651.02
billion in 2024 and is expected to grow USD 923.54 billion
by 2030 with a CAGR of 4.21% during the forecast period. The global Dairy Product
market is expected to grow in the upcoming years owing to various factors such
as the increasing health awareness has led consumers to recognize the
nutritional value of dairy, such as calcium, protein, and vitamins. The demand
for functional foods, including probiotic-rich yogurts and fortified dairy
products, reflects growing interest in health benefits. Innovations in
lactose-free, plant-based, and organic dairy alternatives are catering to
consumers with dietary preferences and restrictions. The convenience of
ready-to-eat dairy products like flavored milk, cheese, and yogurt also fuels market
growth. Also, rising disposable incomes, urbanization, and changing lifestyles
in developing regions are expanding the consumer base. Environmental
sustainability concerns are pushing producers to adopt eco-friendly practices,
further appealing to eco-conscious consumers and boosting market demand.
The global Dairy Product market is expected to grow in the future owing to the increasing consumer preferences for premium and artisanal offerings. As consumers seek high-quality, unique dairy products, brands are innovating with specialty cheeses, organic milk, and grass-fed butter. Also, the rise in e-commerce and online grocery shopping provides greater accessibility to dairy products, expanding market reach, especially in remote or underserved areas. The growth of emerging markets, particularly in Asia-Pacific and Africa, is another key driver, as rising incomes and urbanization lead to increased consumption of dairy. Also, advancements in dairy processing technologies are improving product shelf life, enhancing taste, and reducing costs, contributing to overall market growth. This combination of factors is shaping a dynamic, evolving dairy landscape.
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"Global Dairy Product Market”
The global Dairy
Product market is segmented into product type, nature, end user, distribution
channel, and region.
Based on distribution
channel, the online segment is the fastest growing in the global Dairy Product
market, owing to the increasing adoption of e-commerce and changing consumer
shopping behaviors. With convenience being a key factor, consumers are
increasingly opting for online grocery shopping, allowing them to easily access
a wide variety of dairy products, including niche and specialty items. The
availability of home delivery services, subscription models, and time-saving
options further fuels this growth. Also, e-commerce platforms offer
personalized recommendations and promotions, attracting a broader consumer
base. The online channel's ability to reach remote areas and provide
contactless shopping has accelerated its rise in the market.
Based on the
region, Asia-Pacific is the fastest-growing region in the global Dairy Product
market, driven by factors such as increasing disposable incomes, urbanization,
and changing dietary habits. As populations in countries like China, India, and
Southeast Asian nations grow, there is a rising demand for dairy products,
including milk, yogurt, and cheese. Westernized eating habits, along with the
increasing popularity of functional dairy products like probiotics and
fortified milk, contribute to the market expansion. Also, the growing middle
class is willing to spend higher-quality dairy items. With improvements in
dairy farming and processing technologies, as well as expanding retail
infrastructure, Asia-Pacific is emerging as a key player in the global dairy
market, offering significant growth opportunities.
Major companies
operating in the global Dairy Product market are:
- Arla
Foods amba
- Fonterra
Co-Operative Group Limited
- GCMMF
- Lactalis
Heritage Dairy, Inc.
- Nestle
S.A.
- Danone
S.A.
- Royal
FrieslandCampina N.V.
- Dairy
Farmers of America, Inc.
- DMK Deutsches Milchkontor GmbH
- Meiji
Holdings Co., Ltd
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“The global Dairy
Product market is being fueled by the rising popularity of dairy-based snacks
and convenience foods. As consumer lifestyles become busier, there is an
increasing demand for on-the-go, ready-to-eat dairy products like cheese
sticks, yogurt cups, and flavored milk. These snackable dairy items cater to
the need for quick, nutritious options that align with modern, fast-paced
routines. Also, dairy brands are tapping into the snacking trend by offering
healthier, portion-controlled products, appealing to both adults and children.
This shift towards convenience, combined with the nutritional benefits of
dairy, is fueling the market’s growth in emerging and developed regions alike,
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
"Dairy Product Market – Global Industry Size, Share, Trends, Opportunity and Forecast, By Product Type (Butter,
Cheese, Cream, Dessert, Yogurt, Others), By Nature(Organic, Regular), By End
User (Residential, Commercial), By Distribution Channel (Supermarket &
Hypermarket, Convenience Stores, Specialty Stores, Online, Others), By Region & Competition, 2020-2030F”, has evaluated the future growth potential of global
Dairy Product market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Dairy Product market.
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