Global Dairy Snacks Market to Reach US$ 385.4 Billion by 2032, Fostered by Increasing Demand for Protein-Rich Foods

April 14, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled "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," the global dairy snacks market size reached US$ 241.0 Billion in 2023. Dairy snacks are food products prepared from milk or milk-based ingredients that are consumed as a snack between meals. It consists of 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), including osteoporosis. Besides, the carbohydrates found in dairy snacks, such as yogurt and pudding cups can provide a quick source of energy, while the protein in cheese and cottage cheese can help keep you feeling full and satisfied for longer periods of time. They are a popular choice among individuals who are looking for a convenient and nutritious snack option that can be consumed on the go or as part of a balanced diet.

Global Dairy Snacks Market Trends:

The growing demand for ready-to-eat food products among the masses is driving the global market. This can be attributed to shifting consumer preferences towards high-value products due to 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 among individuals. In response to the escalating demand, several leading players are introducing fortified dairy snacks with improved nutritional content, such as iron, plant sterols, and stanols, thus providing a boost to the market. In line with this, key players are also offering low-calorie and lactose-free variants, which are gaining prominence among the masses. Furthermore, rapid urbanization and the growing demand for protein-fortified foods and beverages are significantly strengthening the market. Apart from this, the escalating popularity of craft and artisanal cheese products due to their nutritional content is catalyzing the growth of the demand. Moreover, the easy availability of dairy snacks through online and offline organized distribution channels and the advent of home delivery models are further creating a positive market outlook. Other factors, such as continuous technological developments in the production process, the emerging e-commerce sector, continual improvements in the food and beverage sector, and the development of aggressive marketing strategies and innovative packaging solutions, are also influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 385.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

Market Summary:

On the basis of the type, the market has been divided into cheese, yogurt, ice cream, and others.
Based on the nature, the market has been segmented into organic and conventional.
On the basis of the distribution channel, the market has been bifurcated into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others.
Based on the end use, the market has been classified into HoReCa and food and beverage industry.
On the basis of the region, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players 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.

Report Scope:

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
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Global Dairy Snacks Market to Reach US$ 385.4 Billion by 2032, Fostered by Increasing Demand for Protein-Rich Foods

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