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New York, June 3, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announced the release of the report “Global Dairy Market, By Product Type, By Distribution Channel, By Region, Competition, Forecast and Opportunity, 2026”- https://www.reportlinker.com/p06089425/?utm_source=GNW
The global dairy products market is valued at approximately US$711 billion in 2020 and is expected to grow rapidly at a rate of 4.78% during the forecast period. The global dairy market is mainly driven by healthy aging, consumer health awareness and gym culture. In addition, the supply of high-quality dairy products of improved varieties and hybrid varieties, the adoption of new government policies, and the strong marketing activities of leading companies have also contributed to market growth. The United States Department of Agriculture (USDA) states that adults should consume 3 servings of dairy products a day, and children should consume about 2 or 2.5 servings a day, depending on their age. Dairy products are rich in calcium, which can strengthen bones and are necessary for other functions such as muscle contraction and neurotransmission. This is one of the main reasons why the US Department of Agriculture and the National Institutes of Health (NIH) recommend that people should consume dairy products every day The product.
The global dairy market is segmented according to product types, distribution channels, regions, and companies. In terms of product types, the global dairy product market is segmented into drinking milk, cheese, yogurt, butter, etc.
Among them, due to people’s increasing concern about health, drinking milk occupies a leading position in the market, followed by cheese. Due to the increasing demand for cheese in food services, the cheese market is gradually growing.
The ready supply of various cheeses, more dining out and ethnic cuisine with cheese as the main ingredient are becoming more and more popular, supporting the growth of cheese consumption. In recent years, mozzarella cheese has been the most popular variety, followed by cheddar cheese.
The increase in demand for fast food such as pizza, pasta, and burgers has also driven the growth of the cheese market. France, Germany, the United States, Saudi Arabia, Brazil, Mexico, Australia, India and other countries have the highest cheese consumption.
From a regional perspective, the global dairy product market has been subdivided into multiple regions, including Asia Pacific, Europe, North America, South America, the Middle East and Africa. Among these regions, the Asia-Pacific is the leading market, followed by changes in North American consumer tastes and preferences, population growth, the shift of consumption patterns to branded dairy products, and consumers’ propensity to consume dairy products.
In the Asia-Pacific region, due to the huge popularity of dairy products and consumer preference, India will occupy the majority of the dairy market in 2020. The development of the Indian dairy industry began with a plan called “Operation Flood” launched on January 13, 1970. This is the world’s largest dairy development plan and a landmark project of the National Dairy Development Board (NDDB) in India.
In addition, during the forecast period, the acceleration of urbanization, changes in eating habits, and higher penetration of processed foods will become the main driving forces for future dairy product consumption and growth.
The main players operating in the global dairy market are American Dairy Farmers, Laquetalis Group, Fonterra Group Cooperative Group Co., Ltd., Danone, Yili Group, etc. In order to maintain in the ever-growing market, the company continuously invests in R&D and technological upgrading, and many companies have established contacts with different family farmers in different countries. In addition, the company is looking for a home for their milk, operating factories to process their milk, and investing in new opportunities, all of which are expected to further promote the growth of the global dairy market during the forecast period.
Years considered in this report:
Historical year: 2016-2019
Base year: 2020
Expected year: 2021E
Forecast period: 2022F-2026F
Research purposes:
• Analyze the historical growth of the global dairy market market size from 2016 to 2020.
• Estimate and forecast the market size of the global dairy products market from 2021 to 2026 and the growth rate to 2026.
• Define, classify and forecast the global dairy market based on product type (milk, cheese, yogurt, butter and others), distribution channel (department store, independent store, hypermarket/supermarket, online) and company.
• Identify the dominant region or market segment of the global dairy products market.
• Identify the drivers and challenges of the global dairy market.
• Study the development of competition in the global dairy product market, such as expansion, new product launches, mergers and acquisitions, etc.
• Identify and analyze profiles of leading companies operating in the global dairy market.
The analyst conducted preliminary research and detailed secondary research for this research. Initially, the analyst looked for a list of global manufacturers.
Subsequently, the analyst conducted a preliminary research survey on the identified company. While interviewing, the interviewees also asked their competitors.
With this technique, analysts can include manufacturers that cannot be identified due to the limitations of the secondary research. Analysts checked the manufacturers, distribution channels and presence of all major players worldwide.
The analyst calculated the market size of the global dairy products market using bottom-up and top-down methods, which recorded data on various market segments and forecasted the next few years. Analysts obtain these values from industry experts and company representatives, and conduct external verification by analyzing historical data of these product types and distribution channels to obtain an appropriate overall market size.
Analysts also studied various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports.
Main target audience:
• Dairy product manufacturers, suppliers, distributors and other stakeholders.
• Government agencies, such as regulators and policy makers.
• Market research and consulting companies.
• Organizations, forums and alliances related to dairy product manufacturers.
The research helps answer several key questions that are important to industry stakeholders (such as manufacturers, suppliers and partners, end users, etc.), and also allows them to develop investment strategies and take advantage of market opportunities.
Report scope:
In this report, in addition to industry trends, the global dairy product market is also subdivided into the following categories, and industry trends are also detailed below:
• Global dairy products market, by product type:
o Drink milk
o Cheese
Or yogurt
o Butter
o Other
• Global dairy products market, by distribution channel:
o Department Store
o Independent store
o Hypermarket/Supermarket
o Online
• Global dairy products market, by region:
• Asia-Pacific
India
Or China
o Japan
Or Australia
new Zealand
o South Korea
o Rest of Asia Pacific
• North America
o United States
Or Mexico
o Canada
o Rest of North America
• Europe
o Germany
o Italy
o United Kingdom
France
o Spain
o Rest of Europe
• South America
Or Brazil
Or Colombia
Argentina
o Rest of South America
• Middle East and Africa
o South Africa
Saudi Arabia
o UAE
o Other MEA
• Global dairy products market, by company:
o American Dairy Farmers
o Lactalis Group
o Fonterra Cooperative Group Co., Ltd.
o Danone SA
o Yili Group
o Other
Competitive landscape
Company Profile: Detailed analysis of major companies in the global dairy market.
Available customizations:
According to the given market data, we can provide customized services according to the specific needs of the company. The following customization options are available for reporting:
company information
• Detailed analysis and profiling of other market participants (up to five).
Read the full report: https://www.reportlinker.com/p06089425/?utm_source=GNW
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