“Dairy Products Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on dairy products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
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- Benchmark performance against key competitors.
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Where is the largest and fastest growing market for dairy products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The dairy products market global report ” from The Business Research Company 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.
Scope
Markets Covered:
- 1) By Product Type: Milk; Cheese; Butter; Desserts; Yogurt; Other Types
- 2) By Distribution Channel: Supermarket; Hypermarket; Specialty Store; Online Retail; Other Channels
- 3) By Application: Bakery and Confectionary; Clinical Nutrition; Frozen Foods; Other Applications
- Companies Mentioned: Arla Foods AMBA; Fonterra Co-operative Group Limited; The Kraft Heinz Company; Nestle S.A.; Danone S.A.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- 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,
- 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.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the dairy products market are Arla Foods AMBA, Fonterra Co-operative Group Limited, The Kraft Heinz Company, Nestle S.A., Danone S.A., Royal FrieslandCampina N.V., Dairy Farmers of America Inc., DMK Group, Gujarat Cooperative Milk Marketing Federation, Meiji Holdings Co. Ltd., Parmalat SPA, Sodiaal Group, Unilever N.V., Inner Mongolia Yili Industrial Group Co. Ltd., China Mengniu Dairy Co. Ltd., Megmilk Snow Brand Co. Ltd., Saputo Inc., Lactalis International, and Dean Foods Company.
The global dairy products market is expected to grow from $480.52 billion in 2022 to $501.84 billion in 2023 at a compound annual growth rate (CAGR) of 4.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The dairy products market is expected to grow to $587.74 billion in 2027 at a CAGR of 4.0%.
The dairy products market consists of sales of paneer, ice cream, whey protein, and condensed milk. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Dairy products refer to food products that contain or are derived from milk and its derivatives by secretion of the glands of mammals, such as cows, sheep, or goats. The milk is processed and turned into a variety of products. They are used for nutrients and health benefits that help in building and maintaining strong bones.
Asia-Pacific was the largest region in the dairy products market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the dairy products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The major types of dairy products are milk, cheese, butter, desserts, yogurt, and others. Milk refers to a liquid that is secreted by the mammary glands of female mammals and that nourishes their young immediately after birth. These are sold through various distribution channels, such as supermarkets, hypermarkets, specialty stores, online retail, and others. Several applications include bakery and confectionary, clinical nutrition, frozen foods, and others.
Rising demand for cheese is expected to propel the dairy products market going forward. Cheese refers to a dairy product that is made from curds of soured milk that are pressed together and form a soft or hard solid when allowed to ripen. It often consists of coagulated, compressed milk, and usually ripened curd. Cheese is a dairy product that is formed by milk that has been separated for whey and by pressing ripe curds, thus, increasing demand for cheese will propel market growth. For instance, in 2022, according to the USDA Economic Research Service, a US-based provider of information and research on agriculture and economics, the US per capita consumption of cheese increased to 40.3 pounds in 2021 from 40.1 pounds in 2020, and the total U.S. cheese production in 2020 was 13.25 billion pounds. Therefore, the rising demand for cheese is driving the dairy products market.
Product innovations have emerged as a key trend gaining popularity in the dairy products market. Major companies operating in the dairy products market are focused on product innovations to strengthen their market position. For instance, in July 2022, Danone SA, a France-based multi-local food and beverage company, launched Aptamil, the industry's first dairy and plant blend baby formula. It is uniquely designed with combination of dairy and plant blend recipe with 60% of plant protein and 40% of dairy protein. The blend includes selected plant proteins, fats, and fibers that have a 30% lower carbon footprint by using recyclable packaging and supporting regenerative agriculture methods. It is suitable for vegetarian and plant-based diets that also meet the baby's nutritional requirements.
In October 2021, Inner Mongolia Yili Industrial Group Co., Ltd., a China-based dairy products producer, acquired Ausnutria Dairy Co., Ltd. for an undisclosed amount. Through this acquisition, Ausnutria and Yili expect to strengthen and grow Yili's milk formula and make it easier for the company to enter the nutrition goods industry. Ausnutria Dairy Co. Ltd. is a Netherlands-based pediatric milk formula company engaged in the production, processing, and packaging of infant formula and dairy products.
The countries covered in the dairy products market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The dairy products market research report is one of a series of new reports from The Business Research Company that provides dairy products market statistics, including dairy products industry global market size, regional shares, competitors with a dairy products market share, detailed dairy products market segments, market trends and opportunities, and any further data you may need to thrive in the dairy products industry. This dairy products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Dairy Products Market Characteristics
3. Dairy Products Market Trends And Strategies
4. Dairy Products Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Dairy Products Market
- 4.2. Ukraine-Russia War Impact On Dairy Products Market
- 4.3. Impact Of High Inflation On Dairy Products Market
5. Dairy Products Market Size And Growth
- 5.1. Global Dairy Products Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Dairy Products Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Dairy Products Market Segmentation
- 6.1. Global Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Milk
- Cheese
- Butter
- Desserts
- Yogurt
- Other Types
- 6.2. Global Dairy Products Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Supermarket
- Hypermarket
- Specialty Store
- Online Retail
- Other Channels
- 6.3. Global Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Bakery And Confectionary
- Clinical Nutrition
- Frozen Foods
- Other Applications
7. Dairy Products Market Regional And Country Analysis
- 7.1. Global Dairy Products Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Dairy Products Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Dairy Products Market
- 8.1. Asia-Pacific Dairy Products Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Dairy Products Market
- 9.1. China Dairy Products Market Overview
- 9.2. China Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Dairy Products Market
- 10.1. India Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Dairy Products Market
- 11.1. Japan Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Dairy Products Market
- 12.1. Australia Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Dairy Products Market
- 13.1. Indonesia Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Dairy Products Market
- 14.1. South Korea Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Dairy Products Market
- 15.1. Western Europe Dairy Products Market Overview
- 15.2. Western Europe Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Dairy Products Market
- 16.1. UK Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Dairy Products Market
- 17.1. Germany Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Dairy Products Market
- 18.1. France Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Dairy Products Market
- 19.1. Eastern Europe Dairy Products Market Overview
- 19.2. Eastern Europe Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Dairy Products Market
- 20.1. Russia Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Dairy Products Market
- 21.1. North America Dairy Products Market Overview
- 21.2. North America Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Dairy Products Market
- 22.1. USA Dairy Products Market Overview
- 22.2. USA Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Dairy Products Market
- 23.1. South America Dairy Products Market Overview
- 23.2. South America Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Dairy Products Market
- 24.1. Brazil Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Dairy Products Market
- 25.1. Middle East Dairy Products Market Overview
- 25.2. Middle East Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Dairy Products Market
- 26.1. Africa Dairy Products Market Overview
- 26.2. Africa Dairy Products Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Dairy Products Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Dairy Products Market Competitive Landscape And Company Profiles
- 27.1. Dairy Products Market Competitive Landscape
- 27.2. Dairy Products Market Company Profiles
- 27.2.1. Arla Foods AMBA
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Fonterra Co-operative Group Limited
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. The Kraft Heinz Company
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Nestle S.A.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Danone S.A.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Dairy Products Market
29. Dairy Products Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer