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The global dairy market size reached US$ 893 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,243 Billion by 2028, exhibiting a growth rate (CAGR) of 5.79% during 2023-2028.
Some of the key factors driving the global dairy market include population growth, rising health consciousness, growth in the food and beverage industry, increasing demand from emerging markets, value addition, etc. From nearly 8 billion in 2021, we expect the global population to reach nearly 10 billion by 2050. With milk products representing an integral part of the diets across both emerging and developed markets, we expect population growth to create a positive impact on the demand of dairy products. Furthermore, driven by rising incomes and health consciousness, dietary habits across the globe have been changing with the share of staples, such as cereals, roots, and tubers, declining, while that of dairy products increasing. Additionally, value addition and premiumization have also aided in the growth of the dairy market. This includes an increased focus on flavor, health, high-quality ingredients, and more appealing packaging.
The report has provided a comprehensive analysis of 14 major dairy segments which include:
Among all the dairy segments, Liquid Milk accounted for the highest market share. Paneer and Ghee, on the other hand, represented the fastest growing dairy segments. For each of the dairy segments covered, the report provides:
The report has also provided a comprehensive analysis of 15 major dairy markets which include:
Among all the regional markets, India represents the biggest market for dairy products. GCMMF (Amul) was the largest player in the country. GCMMF (Amul) was followed by Karnataka Milk Federation, Mother Dairy, Tamil Nadu Cooperative and Saras. For each of the countries covered, the report provides:
The report has also provided a comprehensive analysis of the major companies in the global dairy market. Some of the companies covered in the report include - Nestle, Fonterra, FriesandCampina, Arla Foods, Danone, Lactalis, etc. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report. For each of the companies covered, the report provides:
|Base Year of the Analysis||2022|
|Units||Tons, US$ Billion|
|Segments Covered||Liquid Milk, Flavoured Milk, Cream, Butter, Cheese, Yoghurt, Ice Cream, Anhydrous Milk Fat (AMF), Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), Whey Protein, Lactose Powder, Curd, Paneer|
|Countries Covered||United States, China, India, Japan, Germany, France, United Kingdom, Italy, Spain, Australia, New Zealand, Canada, Brazil, Mexico and Turkey|
|Companies Covered||Nestle, Fonterra, FriesandCampina, Arla Foods, Danone, Lactalis, etc. (Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.)|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 4500
Five User License: US$ 5500
Corporate License: US$ 6500
|Post-Sale Analyst Support||26 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 market was valued at US$ 893 Billion in 2022.
We expect the global dairy market to exhibit a CAGR of 5.79% during 2023-2028.
The rising consumer awareness towards several health benefits of consuming dairy and dairy-based products, such as supporting body growth, building and repairing muscle tissues, maintaining strong bones, and regulating blood pressure, is primarily driving the global dairy 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 and dairy-based products.
Based on the product type, the global dairy market can be bifurcated into liquid milk, flavored milk, cream, butter, cheese, yoghurt, ice cream, Anhydrous Milk Fat (AMF), Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), whey protein, lactose powder, curd, and paneer. Currently, liquid milk exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States, China, India, Japan, Germany, France, United Kingdom, Italy, Spain, Australia, New Zealand, Canada, Brazil, Mexico, and Turkey, where India currently dominates the global market.
Some of the major players in the global dairy market include Nestle, Fonterra, FriesandCampina, Arla Foods, Danone, Lactalis, etc.
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