Global
Dairy Products Market: Overview
The
dairy industry is one of the more lucrative areas under the food and
beverages sector. Players in the global dairy products market cater
to a massive consumer base from every region. They provide a myriad
products, including cream, milk, buttermilk, yoghurt, cheese, butter,
ice cream, and even lactose-free dairy products. Dairy products are
known to be an excellent source of nutrients essential for a body’s
growth and repair, and are therefore highly sought-after in all
regions. This demand is further augmented by the relative ease with
which dairy products can be obtained through certain mammals that can
adapt to their surroundings and thrive.
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The
global dairy products market is explained in extremely minute details
across the report, cleanly highlighting the facts and statistics that
are crucial in helping the report’s user understand how the market
is going to progress over the coming years. The report thus includes
the latest statistics on the global dairy products market in order to
create a precise picture of the market segments and their related
competitive landscape. With updated knowledge on the market segments
and the recent activities performed by the leading players in the
market, the report thus
Global
Dairy Products Market: Trends and Opportunities:
One
of the leading drivers for the global dairy products market is the
increasing consumption of dairy products by vegetarians. Consumers
refraining from non-vegetarian foods tend to consume higher
quantities of dairy products to gain the additional nutrients in
them. Another factor significantly working in the favor of the global
dairy products market is the inclusion of functional foods. The
rapidly growing types and volumes of functional dairy products are
adding to the demand in the market and is expected to continue
boosting revenues for the coming years.
Current
key trends in the global dairy products market include product
innovations in the type-based segments of yoghurts, frozen desserts,
cheeses and
ice creams. These product innovations help keep a constantly high
demand for dairy products, especially in developed economies. Further
innovative additions made to the global dairy products market include
vitamin-enriched and/or organic dairy products that act as
supplementary foods to a regular diet. The global dairy products
market also incorporates a growing number of ready-to-eat products
that fall into the modern busy lifestyle and add a great convenience
factor to them.
There
are, however, a few factors that are currently restraining the global
dairy products market
include the limitations that have been implemented on international
dairy trade. The reductions in dairy trade are expected to reduce the
overall profits earned by regional and key global players in the
market.
Global
Dairy Products Market: Region-wise Outlook:
Europe
has consistently been the leader in the global dairy products market
in terms of both production as well as consumption. This region is
expected to witness a steady growth rate in the consumption of dairy
products due to a growing preference for functional dairy products
and an already high consumption rate of yellow fats dairy products,
butter, yoghurt, and cheese.
Asia
Pacific and Latin America, on the other hand, are showing a meteoric
rise in the consumption rate of dairy products. Asia Pacific in
particular has consistently been a high volume producer and consumer
of dairy products. Further growth in population and the emergence of
higher quality and globally recognized dairy products and brands is
also possible owing to an increasing amount of disposable income
among consumers.
Companies
Mentioned in the Research Report:
The top players in the global dairy products market either hold extremely strong hold over key regions or are globally prominent and rapidly expanding to previously untapped regions. The list of top players in this market includes Dairy Farmers of America Inc., Parmalat S.P.A, Dean Foods Company, Groupe Lactalis SA, Amul, Danone, Arla Foods UK Plc., 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.
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