Opportunities in the Global Dairy & Soy Food Sector 2024

The global dairy & soy food sector was valued at $654.2 billion in 2023 and will reach $776.7 billion in 2028 at a CAGR of 3.5%. The sector’s volume sales will reach 212.9 billion kg in 2028 and will generate a CAGR of 1% during 2023-28. In 2023, milk was the largest category by value sales, accounting for 33.5%, followed by cheese with 24%. China was the leading country in value terms globally in 2023, amassing a share of 15.8%. Asia-Pacific and the Americas were the leading markets for dairy & soy food in 2023, with value shares of 33.1% and 29.4%, respectively. ?The top five companies in the global dairy & soy food sector accounted for a combined value share of 16.6% in 2023. The sector was led by Groupe Lactalis, which held a value share of 5.2%, followed by Danone Group, with 4.2%. Yili Group, Nestlé, and China Mengniu Dairy were the other leading companies in the sector. Private labels accounted for 13% in 2023.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global dairy & soy food sector, analyzing data from 107 countries. It includes analysis of the following :

• Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.
• Change in consumption: Provides an overview of consumption changes in the dairy & soy food sector over 2018- 28 at global and regional levels.
• High-potential countries: Provides risk- reward analysis of the top high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.
• Country and regional analysis: Provides a deep-dive analysis of 10 high-potential countries covering value growth during 2023- 28 and key trends. It also includes regional analysis covering the future outlook for each region.
• Competitive environment and brand shares: Provides an overview of the leading companies and brands at global and regional levels. Market shares of brands and private labels in each region are also detailed.
• Key distribution channels: Provides an analysis of the leading distribution channels in the global dairy & soy food sector in 2023. It covers hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, cash & carries and warehouse clubs, “dollar stores”, variety stores & general merchandise retailers, department stores, vending machines, drugstores & pharmacies, and other retail channels.
• Packaging analysis*: The report provides percentage share (in 2023) and growth rate analysis (during 2018- 28) for various pack materials, pack types, closures, and primary outer types based on volume sales of dairy & soy food.

Reasons to Buy

• Manufacturers and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the dairy & soy food sector.
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.