by According to Precedence Research, The dairy products market size garnered US$ 468.7 billion in 2020 and is expected to generate US$ 642.2 billion by 2030, manifesting a CAGR of 3.2% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The dairy products market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace.
Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the major players in the global dairy products market include:
- Arla Foods Amba
- Nestle
- Danone
- Fonterra
- Lactalis
- Frieslandcampina
- DMK Group
- GCMMF
- Dairy Farmers of America, Inc.
- Meiji Holdings Co. Ltd.
- The Kraft Heinz Company
Dairy Products Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Crucial factors accountable for market growth are:
- Rising consumer awareness regarding the health benefits of dairy products
- New product launches by the market players
- Rising consumer expenditure on healthy and functional food
- Growing government initiatives to boost the dairy sector
- Increasing milk production in developing nations like India, Indonesia, and China
- Surge in the production and consumption of milk
- Rising penetration of restaurant chains
- Rising penetration of cafes
- Growing popularity of online groceries and food delivery apps
Dairy Products Market Report Highlights
- Based on the product type, the milk was the dominating segment in 2020. This is attributable to the increased consumption of milk among the consumers. Milk is the most common dairy product consumed by the population across the globe. Further, the rising focus of the government to develop the dairy sector in order to generate employment in the rural areas has had fueled the growth of this segment in the past years.
- Based on the distribution channel, the others segment is estimated to be the opportunistic segment. This is owing to the rapid growth of the online sales channels. Rising popularity of online food and grocery delivery platform in both developed and developing markets is exponentially boosting the sales of dairy products.
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Dairy Products Market Dynamics
Driver – The rising population of the lactose intolerant population in the major markets like China, Europe, and US is expected to drive the demand for the lactose free dairy products, thereby fostering the growth of the global dairy products market in the upcoming years. The lactose-free and sugar-free food products are perceived to be healthier among the consumers and hence the demand for the lactose-free dairy products is expected to grow during the forecast period.
Restraints – The high cost of products like paneer and cheese in the developing nation may restrict the growth of the dairy products market. Further, rising lactose intolerant population may result in the decline in the demand for the milk in nations like China where the huge population is lactose intolerant.
Opportunities – The rising demand for the organic food products is expected to propel the dairy products market. Further, new product launches by the various market players may provide new growth avenues in the upcoming future.
Challenges – According to the United Nations, in developing countries, more than 80% of the milk is marketed and handled by the informal traders. This is due to the high perishability of the milk and milk-based products. Further most of the consumers prefers to buy milk from the informal traders and opt to process the milk themselves by simple boiling. Therefore, the increased penetration of the informal traders of milk may hamper the growth of the market.
Regional Snapshots
Asia Pacific is the largest market for the dairy products. Milk is the most common dairy product that is consumed in majority of the households. The presence of huge population propels the demand for the dairy products in the region. Further, rising health awareness is boosting the milk and yogurt consumption. The developing infrastructure in the Asia Pacific region is enhancing the supply of milk and other dairy products thereby propelling the growth of the market.
The rapid urbanization is boosting the penetration of restaurants, cafes, and fast-food chains in the region that extensively uses dairy products in their dishes. Moreover, the rising adoption of smartphones and internet is boosting the sales of various dairy products through the online food and grocery platforms. Hence, the Asia Pacific is estimated to be the largest market and is anticipated to sustain it position throughout the forecast period.
North America is estimated to be the fastest growing market in the upcoming future. This is attributed to the increased consumer awareness regarding the health benefits of consuming dairy products. Moreover the demand for cheese and yogurt is increasing in the region for the preparation of a variety of dishes and desserts. The increased disposable income coupled with rising expenditure on functional food is boosting the growth of the dairy products market in the region. Therefore, North America is estimated to be the most opportunistic market in the forthcoming years.
Market Segments Covered
By Product Type
- Milk
- Cheese
- Butter
- Desserts
- Yogurt
- Others
By Distribution Channel
- Supermarket/Hypermarket
- Specialty Stores
- Convenience Stores
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Research Objective
- To provide a comprehensive analysis of the dairy products industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global dairy products market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the dairy products
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Dairy Products Market, By Product
7.1. Dairy Products Market, by Product Type, 2021-2030
7.1.1. Milk
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Cheese
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Butter
7.1.3.1. Market Revenue and Forecast (2019-2030)
7.1.4. Desserts
7.1.4.1. Market Revenue and Forecast (2019-2030)
7.1.5. Yogurt
7.1.5.1. Market Revenue and Forecast (2019-2030)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Dairy Products Market, By Distribution Channel
8.1. Dairy Products Market, by Distribution Channel, 2021-2030
8.1.1. Supermarket/Hypermarket
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Specialty Stores
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Convenience Stores
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Dairy Products Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.3.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.4.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.3.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.4.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.5.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.6.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.3.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.4.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.5.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.6.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.3.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.4.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.5.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.6.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.3.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.4.2. Market Revenue and Forecast, by Distribution Channel (2019-2030)
Chapter 10. Company Profiles
10.1. Arla Foods Amba
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Nestle
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Danone
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Fonterra
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Lactalis
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Frieslandcampina
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. DMK Group
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. GCMMF
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Dairy Farmers of America, Inc.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Meiji Holdings Co. Ltd.
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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The purpose of Precedence Research’s dairy products market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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