This report describes and evaluates the global dairy food market. It covers three five-year periods: 2016-2021, termed the historic period, and the forecast periods of 2021-2026 and 2026-2031. The report evaluates the market across each region as well as for the major economies within each region.
The global dairy food market reached a value of nearly $722.14 billion in 2021, having grown at a compound annual growth rate (CAGR) of 5.1% since 2016, and is expected to grow at a CAGR of 7.0% to nearly $1,012.98 billion by 2026. Also, the market is expected to grow to $1,360.11 billion in 2031 at a CAGR of 6.1%.
Growth in the historic period resulted from strong economic growth in emerging markets, global population growth, a rise in disposable income, growing number of health-conscious consumers, and low interest rate environment. Factors that negatively affected growth in the historic period were shortage of labor, reductions in free trade, and counterfeit products.
Going forward, the covid-19 pandemic, rising population, rising penetration of organized retail, improvement in cold chains, increased dietary consciousness and increasing product launches will drive the growth. Factors that could hinder the growth of the dairy food market in the future include government initiatives towards milk alternatives and an increase in lactose intolerance among consumers.
The dairy food market is segmented by type into milk and butter, cheese, dry, condensed, and evaporated dairy product, and ice cream and frozen dessert. The milk and butter market was the largest segment of the dairy food market, accounting for 43.8% of the total market in 2021. Going forward, the cheese market is expected to be the fastest growing segment in the dairy food market segmented by type, at a CAGR of 7.8% during 2021-2026.
The milk and butter market is further segmented by type into milk and butter. The milk was the largest segment of the milk and butter market, accounting for 91.6% of the total market in 2021. Going forward, the butter market is expected to be the fastest growing segment in the milk and butter market segmented by type, at a CAGR of 8.5% during 2021-2026.
The cheese market is further segmented by type into natural cheese, and processed cheese. The processed cheese was the largest segment of the cheese market by type, accounting for 63.7% of the total market in 2021. Going forward, the natural cheese market is expected to be the fastest growing segment in the cheese market segmented by type, at a CAGR of 9.2% during 2021-2026.
The dry, condensed, and evaporated dairy products market is further segmented by type into dry dairy product, condensed dairy product and evaporated dairy product. The dry dairy product was the largest segment of the dry, condensed, and evaporated dairy products market by type, accounting for 69.4% of the total market in 2021. Going forward, the condensed dairy product market is expected to be the fastest growing segment in the dry, condensed, and evaporated dairy products market segmented by type, at a CAGR of 6.8% during 2021-2026.
The ice cream and frozen dessert market is further segmented by type into ice cream and frozen dessert. The frozen dessert was the largest segment of the ice cream and frozen dessert market by type, accounting for 63.5% of the total market in 2021. Going forward, the frozen dessert market is expected to be the fastest growing segment in the ice cream and frozen dessert market segmented by type, at a CAGR of 6.9% during 2021-2026.
The dairy food market is also segmented by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, and others. The supermarkets/hypermarkets market was the largest segment of the dairy food market, accounting for 50.1% of the total market in 2021. Going forward, the e-commerce market is expected to be the fastest growing segment in the dairy food market segmented by distribution channel, at a CAGR of 14.1% during 2021-2026.
Asia Pacific was the largest region in the dairy food market, accounting for 42.1% of the total in 2021. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the dairy food market will be South America, and Middle East where growth will be at CAGRs of 8.9% and 8.8% respectively. These will be followed by Africa, and Asia Pacific, where the markets are expected to grow at CAGRs of 8.7% and 8.3% respectively.
The dairy food market is fairly fragmented, with a large number of players. The top ten competitors in the market made up to 18.92% of the total market in 2020. Major players in the market include Groupe Lactalis S.A., Danone S.A., Fonterra Co-operative Group Limited, Inner Mongolia Yili Industrial Group Co., Ltd., Nestle S.A., Saputo Inc, Frieslandcampina, Arla Foods amba, Dairy Farmers of America, and The Kraft Heinz Company.
The top opportunities in the dairy food market segmented by type will arise in the milk and butter segment, which will gain $125.1 billion of global annual sales by 2026. The top opportunities in the milk and butter market segmented by type will arise in the milk segment, which will gain $111.7 billion of global annual sales by 2026. The top opportunities in the cheese market segmented by type will arise in the processed cheese segment, which will gain $55.6 billion of global annual sales by 2026. The top opportunities in the dry, condensed, and evaporated dairy product market segmented by type will arise in the dry dairy product segment, which will gain $19.4 billion of global annual sales by 2026. The top opportunities in the ice cream and frozen dessert market segmented by type will arise in the frozen dessert segment, which will gain $23.9 billion of global annual sales by 2026. The top opportunities in the dairy food market segmented by distribution channel will arise in the Supermarkets/Hypermarkets segment, which will gain $124.0 billion of global annual sales by 2026. The dairy food market size will gain the most in China at $69.5 billion.
Market-trend-based strategies for the dairy food market include internet of things (IoT) technology, increasing dairy food companies’ collaboration with e-commerce companies, increasing demand for clean label products, robotics and automation in dairy industry, partnerships and acquisition for brand expansions. Player-adopted strategies in the dairy food market include product innovation and new opportunities for business development, expand its dairy business through strategic acquisitions, product innovation through strategic partnerships, expand its customer reach through digital platforms.
To take advantage of the opportunities, the publisher recommends the dairy food companies focus on internet of things (IoT) technology in supply chain management, invest in robotics and automation, focus on clean label products, collaborate with e-commerce companies, expand in emerging markets, set up authorized distributors and sales representatives, adopt market-based pricing, offer competitively priced products, leverage social media use to maximize reach, target local departmental stores to spread awareness and build strategic relationships with large-scale end-use industries.
Table of Contents
1. Dairy Food Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure8. Dairy Food Market Product Analysis - Product Examples30. Copyright and Disclaimer
6. Introduction
7. Dairy Food Market Characteristics
9. Dairy Food Market, Supply Chain Analysis
10. Dairy Food Market Customer Information
11. Dairy Food Market Trends And Strategies
12. Impact Of COVID-19 On The Dairy Food Market
13. Global Dairy Food Market Size And Growth
14. Dairy Food Market, Regional Analysis
15. Global Dairy Food Market Segmentation
16. Global Dairy Food Market Comparison with Macro Economic Factors
17. Asia-Pacific Dairy Food Market
18. Western Europe Dairy Food Market
19. Eastern Europe Dairy Food Market
20. North America Dairy Food Market
21. South America Dairy Food Market
22. Middle East Dairy Food Market
23. Africa Dairy Food Market
24. Global Dairy Food Market Competitive Landscape
25. Key Mergers And Acquisitions In The Dairy Food Market
26. Market Background: Food And Beverages Market
27. Dairy Food Market Opportunities And Strategies
28. Dairy Food Market, Conclusions And Recommendations
29. Appendix
Executive Summary
Dairy Food Global Market Opportunities And Strategies To 2031: COVID-19 Impact And Recovery provides the strategists; marketers and senior management with the critical information they need to assess the global dairy food market as it emerges from the COVID-19 shut down.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 48 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description:
Where is the largest and fastest growing market for dairy food? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The dairy food market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider dairy food market; and compares it with other markets.
The report covers the following chapters
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report.
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives a brief introduction about segmentation by geography, segmentation by type and segmentation by distribution channel.
- Market Characteristics - The market characteristics section of the report defines and explains the dairy food market. This chapter includes different products covered in the report and basic definitions.
- Product Analysis - The product analysis section of the report describes the leading products in the market along with key features and differentiators for those products/services.
- Supply Chain - The supply chain section of the report defines and explains the key players in the dairy food market supply chain.
- Customer Information- This section covers recent customers’ trends/preferences in the global dairy food market.
- Trends And Strategies - This section describes the major trends shaping the global dairy food market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the dairy food market.
- Global Market Size And Growth - This section contains the global historic (2016-2021) and (2021-2026 and 2026-2031) market values, and drivers and restraints that support and restrain the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2016-2021) and forecast (2021-2026 and 2026-2031) market value and growth, and market share comparison by region.
- Market Segmentation - This section contains the market values (2016-2031) and analysis for segment by type in the market.
- Regional Market Size And Growth - This section contains the region’s market size (2021), historic (2016-2021) and forecast (2021-2026 and 2026-2031) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa).
- Competitive Landscape - This section covers details on the competitive landscape of the global dairy food market, estimated market shares, and company profiles of the leading players.
- Key Mergers And Acquisitions - This section gives information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Background - This section describes the food and beverages market of which the dairy food market is a segment. This chapter includes the food and beverages market 2016-26 values, and regional analyses for the food and beverages market.
- Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for dairy food providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations, and currencies codes used in this report.
Scope
Markets Covered:
- 1) By Type: Milk And Butter; Cheese, Dry, Condensed, And Evaporated Dairy Products; Ice Cream And Frozen Dessert; Others
- a) By Type of Milk And Butter; Milk, Butter
- b) By Type of Cheese; Natural Cheese, Processed Cheese
- c) By Type of Dry, Condensed, And Evaporated Dairy Products; Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product
- d) By Type of Ice Cream And Frozen Dessert; And Others; Ice Cream, Frozen Dessert
- 2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
Companies Mentioned:
Groupe Lactalis S.A.; Danone S.A.; Fonterra Co-operative Group Limited; Inner Mongolia Yili Industrial Group Co., Ltd.; and Nestle S.A.
Countries:
China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia, South Korea, Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, New Zealand, Hong Kong, Belgium, Sweden, Austria, Denmark, Netherlands, Norway, Finland, Portugal, Switzerland, Ireland, Poland, Czech Republic, Romania, Canada, Mexico, Argentina, Peru, Venezuela, Colombia, Chile, Saudi Arabia, Turkey, UAE, Israel, South Africa, Egypt, Nigeria
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; Dairy food indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Groupe Lactalis S.A.
- Danone S.A.
- Fonterra Co-operative Group Limited
- Inner Mongolia Yili Industrial Group Co., Ltd.
- Nestle S.A.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 336 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 722.14 Billion |
| Forecasted Market Value ( USD | $ 1360.1 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
