The dairy food market share is expected to grow up to USD 109.07 billion, accelerating at a CAGR of 2.79% during the forecast period. The rising adoption of healthy food habits will offer immense growth opportunities to market vendors. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Report
The dairy food market is segmented by Product (Milk, Cheese, Yogurt, Butter, and Others) and Geography (APAC, Europe, North America, South America, and MEA). The rising demand in online retail is one of the major dairy food market trends that will support market growth.
Based on the product segmentation, the dairy food market growth in the milk segment will be significant during the forecast period. 44% of the market growth will originate from APAC during the forecast period. Factors such as the increasing incidences of bone diseases, growing awareness of the benefits of healthy eating, and growing demand for dairy food products will facilitate the market growth in APAC. India and China are the key markets for the dairy food market in APAC.
The rising adoption of healthy food habits is one of the primary factors driving the growth of the dairy food market. However, the availability of alternatives is one of the challenges that will need to be overcome to drive growth.
The dairy food market report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
The dairy food market is fragmented due to the presence of several players. Arla Foods amba, China Mengniu Dairy Co. Ltd., Dairy Farmers of America Inc., Danone SA, Fonterra Co-operative Group Ltd., Groupe Lactalis, Gujarat Cooperative Milk Marketing Federation, Nestle SA, Royal FrieslandCampina NV, and Saputo Inc. are some of the major dairy food market vendors. The growth of the players depends on several factors such as market conditions, government support, and industry development.
Three major market vendors and their offerings:
The dairy foods market report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report