A
report from Transparency Market Research, titled ‘Global
Dairy Products Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019,’ states that the global
dairy products market is expected to progress rapidly during the
period between 2013 and 2019 owing to the introduction of various
functional dairy products.
Dairy
products include a broad range of products such as butter, cheese,
yogurt, buttermilk, lactose-free milk, frozen desserts, ice cream,
and cream. The dairy products industry is one of the dynamically
growing markets across the globe. Over the past few years, hospitals
and clinics have registered numerous health concerns due to the
increasing consumption of non-vegetarian food products. This has
resulted in a growth in the demand for dairy products and vegetarian
foods.
The
introduction of new products in the frozen dessert, ice cream,
cheese, and yogurt sectors is predicted to propel the global dairy
products market during the period between 2013 and 2019. The launch
of innovative dairy products, including organic, ready-to-eat, and
vitamin-enriched products, is predicted to contribute further towards
the growth of the global dairy products market in the years to come.
However, reduced trade of milk between many countries is predicted to
hamper the growth of the global dairy products market in the next few
years.
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The
global dairy products market is divided by geography into North
America, Latin America, Asia Pacific, Europe, and Rest of the World.
Currently, the global dairy products market is dominated by Asia
Pacific, followed by Latin America. The introduction of new dairy
products across Asia Pacific makes this region a global leader. The
demand for dairy products across Latin America is predicted to propel
the Latin America dairy products market in the years to come.
However, Europe is the leading producer of many processed dairy
products such as yellow fats category products, butter, cheese, and
yogurt.
The
leading players in the global dairy products market are taking
conscious efforts to improve the quality of all dairy products and
introduce a new set of ready-to-eat dairy products. As people have
become more health conscious, they are increasingly opting for
organic food, vitamin-enriched food, and foods with natural
ingredients. The easy availability of vitamin-enriched dairy products
and organic dairy products is expected to contribute majorly towards
the growth of the global dairy products market in the years to come.
Some
of the prominent players operating in the global dairy products
market are Amul, Danone, Dairy Farmers of America Inc., Dean Foods
Company, Fonterra Group Cooperative Limited, Meiji Dairies Corp.,
Nestle SA, Royal FrieslandCampina N.V., Parmalat S.P.A, Groupe
Lactalis SA, Kraft Foods, Inc., Megmilk Snow Brand Co. Ltd., Sancor
Cooperativas Unidas Limited, and Unilever N.
Currently,
organic dairy products are in demand across the globe. The sales of
organic dairy products are expected to increase in the coming few
years. Considering the safety and nutritional values of organic dairy
products, their demand is expected to increase in the next few years.
The growing varieties of organic dairy products and the entry of new
players will propel the global dairy products market in the forecast
period.
