The global dairy product market is segmented to product type such as milk, butter, cheese, yoghurt, casein and lactose. Among these segments, milk and cheese is anticipated to flourish in the upcoming year. Increasing trade of dairy product market in the form of tradable and non-tradable goods is expected to impel the growth of the market. Growing diet concern among urban people regarding various types of dairy products and its benefit is anticipated to impel the growth of the market. Further, development and production of low calories product is impacting milk product and driving the growth of the market.
Global dairy product market is expected to flourish at a significant CAGR during the forecast period. Rising bakery & confectionary products and increasing disposable income are some of the key factors driving the growth of the dairy product market. Moreover, the global dairy product market is expected to garner noteworthy revenue by the end of 2027.
North America captured the largest market share in overall dairy product market and is expected to continue its dominance over the forecast period. Rising production of bakery product and milk in the region is anticipated to aid the growth of the market. Further, increasing disposable income coupled with rising demand for casein is expected to accelerate the growth of milk product market in the upcoming years. Asia Pacific and Europe dairy product market is anticipated to witness lucrative growth during the forecast period. Moreover, Middle East is anticipated to grow at modest CAGR during the forecast period.
Healthy Growth of Dairy Products
Increasing use of milk products in frozen food market is expected to drive the market globally. The major driver for dairy product consumption comes from the increasing demand in developing countries tied with growing people inclination for dairy farm products with their applications. Moreover, increasing global population coupled with increasing per capita income is anticipated to bolster the growth of the dairy product market in the years ahead.
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Government Regulation toward Dairy Products
Government majorly focuses on licensure and inspection of dairy farms and dairy plants for the production and sale of milk product. Exporting of dairy products through across the globe is wholly depending on the government regulation. Government of every exporting country assigns licensure of qualified milk or dairy product samplers and testers. These regulation are believed to favor the growth of the market in the long-run.
Dairy products can cause problem for an individual who have lactose intolerance and milk allergy. Excessive use of milk product can make sudden increase in cholesterol which can lead to heart disease. Milk and other milk product are perishable in nature which is not good for the long term process and it can also dampen the market of dairy products.
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The report titled “Dairy Product Market: Global Historical Growth (2013-2017) & Future Outlook (2018-2027) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global dairy product market in terms of market segmentation by product, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global dairy product market which includes company profiling of Amul, Agra Industrier, Dairy Farmers, Kraft Foods Inc., Fonterra group Cooperative Limited, Dairy Farmers of America Inc., Arla Foods UK Plc., Meiji Dairies Corporation, Nestle SA , Royal Friesl and Campina. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global dairy product market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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