The dairy products market is estimated to grow at an average annual growth rate of 5.3% by 2025. Food and dairy drinks are an essential part of our diet and are expected to do so over the forecast period. As several manufacturers have addressed the health needs of the world's population, several low-fat, lactose-free, and cholesterol-free dairy products have come onto the market.
Market Drivers and Restraints:
The absence of strict regulatory frameworks and the increasing volume of public and private sector funds have stimulated the growth of the global dairy market. The flourishing agriculture and livestock industry in several regions of the world were responsible for the growing production of dairy products. The increasing number of hypermarkets, supermarkets, department stores, and online sales across the globe has also fueled the market growth. A large number of products offered by numerous brands have flooded the market.
Report segmented as
- frozen Food,
- Clinical Nutrition
- lactose-Free Milk
- Cream And Frozen
- Ice Cream
Geographically, the dairy products market is divided into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. The Asia-Pacific region is expected to dominate the world market for several reasons, including population growth and animal husbandry as one of the main occupations. North America is expected to grow slowly, while Latin America is expected to show a high annual growth rate.
Important Market Players:
Major dairy market leaders include Arla Foods UK Plc., Nestle SA, Amul, the Cooperative of Fonterra Group Limited, Dairy Farmers of America Inc., Kraft Foods Inc. and Megmilk Snow Brand Co. Ltd., Danone. Parmalat SPA, Meiji Dairies Corp., Dean Foods Company, Unilever N, Parmalat SPA, Royal Friesland Campina NV and Groupe Lactalis SA
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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