The global market for Dairy Products is estimated at US$585.7 Billion in 2023 and is projected to reach US$864.2 Billion by 2030, growing at a CAGR of 5.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the dairy products market is driven by several factors. Increasing health awareness among consumers has spurred demand for nutrient-rich dairy products, particularly those that support gut health and overall wellness. The expanding middle class in emerging markets has led to higher disposable incomes, fueling the consumption of premium and value-added dairy products. Urbanization and busy lifestyles have increased the demand for convenient and ready-to-eat dairy snacks, while the rise of e-commerce has provided new avenues for distribution and consumer engagement. Sustainability concerns have driven the adoption of environmentally friendly practices and packaging solutions, resonating with eco-conscious consumers. Additionally, the growing popularity of plant-based dairy alternatives has broadened the market, catering to vegan and lactose-intolerant consumers. Marketing strategies, including targeted advertising and influencer partnerships, have enhanced brand visibility and consumer loyalty, further propelling market growth. These factors collectively create a dynamic and expanding dairy products market, poised for continued development and innovation.
The growth in the dairy products market is driven by several factors. Increasing health awareness among consumers has spurred demand for nutrient-rich dairy products, particularly those that support gut health and overall wellness. The expanding middle class in emerging markets has led to higher disposable incomes, fueling the consumption of premium and value-added dairy products. Urbanization and busy lifestyles have increased the demand for convenient and ready-to-eat dairy snacks, while the rise of e-commerce has provided new avenues for distribution and consumer engagement. Sustainability concerns have driven the adoption of environmentally friendly practices and packaging solutions, resonating with eco-conscious consumers. Additionally, the growing popularity of plant-based dairy alternatives has broadened the market, catering to vegan and lactose-intolerant consumers. Marketing strategies, including targeted advertising and influencer partnerships, have enhanced brand visibility and consumer loyalty, further propelling market growth. These factors collectively create a dynamic and expanding dairy products market, poised for continued development and innovation.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Milk segment, which is expected to reach US$248.5 Billion by 2030 with a CAGR of a 5.1%. The Cheese segment is also set to grow at 5.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $154.5 Billion in 2023, and China, forecasted to grow at an impressive 9.0% CAGR to reach $202.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Dairy Products Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Dairy Products Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Dairy Products Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agropur Cooperative, Arla Foods amba, Dairy Farmers of America Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 372 Featured):
- Agropur Cooperative
- Arla Foods amba
- Dairy Farmers of America Inc.
- Danone
- Dean Foods Company
- Fonterra Co-Operative Group Limited
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Megmilk Snow Brand Co. Ltd.
- Meiji Co. Ltd.
- Nestle SA
- Parmalat S.P.A.
- Royal FrieslandCampina N.V.
- SanCor Cooperativas Unidas Limitada
- Saputo Inc.
- Savencia Fromage & Dairy
- The Kraft Heinz Company
- Unilever NV
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Agropur Cooperative
- Arla Foods amba
- Dairy Farmers of America Inc.
- Danone
- Dean Foods Company
- Fonterra Co-Operative Group Limited
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Megmilk Snow Brand Co. Ltd.
- Meiji Co. Ltd.
- Nestle SA
- Parmalat S.P.A.
- Royal FrieslandCampina N.V.
- SanCor Cooperativas Unidas Limitada
- Saputo Inc.
- Savencia Fromage & Dairy
- The Kraft Heinz Company
- Unilever NV
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 358 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 585.7 Billion |
| Forecasted Market Value ( USD | $ 864.2 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
