The dairy products market has witnessed substantial growth over the past few decades owing to increased demand from growing populations worldwide. Dairy products are an important source of nutrients for many populations as they are rich in calcium, vitamins, proteins and minerals. Milk and milk products provide nourishment as well as livelihood to millions of people. Milk being a highly perishable commodity, technological advancements in the cold chain infrastructure has enabled greater distribution of products across regions. The dairy industry has also innovated novel product offerings such as flavored milk, yogurt drinks and cottage cheese to appeal to evolving consumer preferences. Rising health-consciousness globally has further augmented demand for dairy alternatives such as soy, almond and oat milk products. Rapid urbanization accompanied with increasing disposable incomes in developing countries continues to augur well for the dairy market in the coming years.

Market Dynamics:

The dairy products market is primarily driven by rising global population and changing dietary habits. Increasing awareness about benefits of dairy for strong bones and muscles among consumers has catalyzed industry expansion. Developing nations in Asia Pacific and Latin America currently exhibit most potential for growth, attributed to growing middle class consumers opting for protein-rich diets. However, fluctuation in raw milk prices owing to adverse weather conditions poses a major challenge to dairy farmers and processors. Strict norms regarding antibiotics residues and quality standards also add to the operational costs. Furthermore, growing preference for plant-based dairy alternatives among health-conscious millennials is restricting market growth. Nevertheless, technological advancements in cold chain infrastructure, supply chain systems and processed/packaged products are enabling industry players to tap into usually inaccessible markets. Production of low-fat, calcium-fortified goods also addresses health issues among world population.

Key Features of the Study:

• This report provides in-depth analysis of the global dairy products market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global dairy products market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Arla Foods Amba, Dairy Farmers of America Inc., Danone S.A., DMK Group, Fonterra Co-operative Group Limited, Frieslandcampina, GCMMF, Lactalis International, Meiji Holdings Co. Ltd., Nestle S.A., Dean Foods Company, Saputo Inc., Megmilk Snow Brand Co. Ltd., Parmalat S.p.A., Unilever N.V., The Kraft Heinz Company, Royal FrieslandCampina, and DMK Group
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global dairy products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

• By Product Type:
• • Milk
  • Cheese
  • Butter
  • Dessert
  • Yogurt
  • Others
• By Distribution Channel:
• • Supermarket/Hypermarket
  • Specialty Stores
  • Convenience Stores
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Arla Foods Amba
  • Dairy Farmers of America Inc.
  • Danone S.A.
  • DMK Group
  • Fonterra Co-operative Group Limited
  • Frieslandcampina
  • GCMMF
  • Lactalis International
  • Meiji Holdings Co. Ltd.
  • Nestle S.A.
  • Dean Foods Company
  • Saputo Inc.
  • Megmilk Snow Brand Co. Ltd.
  • Parmalat S.p.A.
  • Unilever N.V.
  • The Kraft Heinz Company
  • Royal FrieslandCampina
  • DMK Group