Dairy
products industry is one of the most dynamic markets globally.
Growing health concerns due to consumption of non-vegetarian foods
has prompted consumers to go for vegetarian foods and dairy products.
Dairy products include a very broad range of products such as cheese,
yoghurt, butter, buttermilk, ice cream, lactose free milk, cream and
frozen desserts among others.
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With
the introduction of the functional dairy products, diary industry is
expected to witness robust growth during the years to come. New
product introductions in the ice cream, frozen dessert, yoghurt and
cheese sectors have attracted a large group of consumers thereby
boosting the dairy products market. In addition, launch of innovative
dairy products such as organic, vitamin enriched and ready-to-eat
convenient foods has propelled the dairy products market growth. On
the other hand, reduced milk trade between countries is expected to
hinder the progress of global dairy products market in the near
future. The dairy products market in Asia Pacific and Latin America
is expected to exhibit healthy growth in the near future. Europe is
the leading producer and consumer of processed dairy products, such
as cheese, butter, yogurt, and yellow fats category products.
Some
of the key players in dairy products market include Amul, Danone,
Arla Foods UK Plc., Dairy Farmers of America Inc., Parmalat S.P.A,
Dean Foods Company, Groupe Lactalis SA, Fonterra Group Cooperative
Limited, Kraft Foods, Inc., Meiji Dairies Corp., Megmilk Snow Brand
Co. Ltd., Nestle SA, Sancor Cooperativas Unidas Limited, Royal
FrieslandCampina N.V., and Unilever N among others.
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