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Dairy Snacks Market Report by Type (Cheese, Yogurt, Ice Cream, and Others), Nature (Organic, Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), End Use (HoReCa, Foods and Beverages Industry), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A4599
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Market Overview:
The global dairy snacks market size reached US$ 241.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 385.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 241.0 Billion |
| Market Forecast in 2032 | US$ 385.4 Billion |
| Market Growth Rate (2024-2032) | 5.2% |
Dairy snacks have numerous nutrients, such as calcium, magnesium, selenium, riboflavin, pantothenic acid, and vitamin B12 and B5. Their moderate consumption helps in reducing the risk of colorectal cancer, type 2 diabetes, and non-communicable diseases (NCDs), such as osteoporosis. Nowadays, several manufacturers are introducing new variants that aid in combating stress and anxiety and boosting mood. This, coupled with the growing awareness about their benefits, is driving the demand for dairy snacks, such as cheese, yogurt, and ice cream, across the globe.
Dairy Snacks Market Trends:
A considerable rise in the consumption of ready-to-eat (RTE) milk products on account of inflating disposable incomes and the increasing global population represents one of the key factors bolstering the growth of the market. This can also be attributed to shifting consumer preferences towards high-value products due to rapid urbanization and changing dietary patterns. Moreover, the growing awareness among individuals about the importance of adopting a healthy lifestyle is positively influencing the demand for dairy snacks like probiotic drinks. Apart from this, good nutrition plays a pivotal role in the overall growth and development of children. It also assists in protecting against infectious and chronic diseases. This, in confluence with the surging concerns among parents about their children's health, is escalating the demand for dairy snacks. Furthermore, several manufacturers are introducing fortified dairy snacks with the improved nutritional content of iron, plant sterols, and stanols. In line with this, due to the rising health consciousness among individuals, these manufacturers are offering low-calorie and lactose-free variants to cater to the diversified tastes and preferences of the consumers. This is anticipated to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy snacks market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, nature, distribution channel and end use.
Breakup by Type:
- Cheese
- Yogurt
- Ice Cream
- Others
Breakup by Nature:
- Organic
- Conventional
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Breakup by End Use:
- HoReCa
- Foods and Beverages Industry
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arla Foods Ingredients Group, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, Friesland Campina, Lactalis International, Megmilk Snow Brand Co.Ltd, Meiji Holdings Co. Ltd., Nestle S.A, Organic Valley, The Kraft Heinz Company and Unilever PLC.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Type, Nature, Distribution Channel, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Arla Foods Ingredients Group, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, Friesland Campina, Lactalis International, Megmilk Snow Brand Co.Ltd, Meiji Holdings Co. Ltd., Nestle S.A, Organic Valley, The Kraft Heinz Company and Unilever PLC |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global dairy snacks market was valued at US$ 241.0 Billion in 2023.
We expect the global dairy snacks market to exhibit a CAGR of 5.2% during 2024-2032.
The growing demand for protein-fortified and ready-to-eat dairy snacks among health-conscious individuals, along with the introduction of low-calorie and lactose-free product variants, is primarily driving the global dairy snacks market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of dairy snacks.
Based on the type, the global dairy snacks market has been segregated into cheese, yogurt, ice cream, and others. Among these, yogurt currently exhibits a clear dominance in the market.
Based on the distribution channel, the global dairy snacks market can be bifurcated into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others. Currently, supermarkets and hypermarkets hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global dairy snacks market include Arla Foods Ingredients Group, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, Friesland Campina, Lactalis International, Megmilk Snow Brand Co.Ltd, Meiji Holdings Co. Ltd., Nestle S.A, Organic Valley, The Kraft Heinz Company, and Unilever PLC.
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