Dairy Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2023-2028

Author: Elena Anderson

Marketing Manager

Report DescriptionAbout IMARC Group

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Global Dairy Market Research Report 2023-2028:

The latest report by IMARC, titled “ Dairy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global dairy market size reached US$ 893 Billion in 2022.

Dairy refers to a business enterprise or facility that prepares food products from the milk of mammals, such as goats, buffaloes, camels, and cows. These food items are a vital source of proteins, zinc, magnesium and calcium, which assist in maintaining the optimum blood pressure while regulating the fluid balance in the body. They also consist of riboflavin that helps in red blood cell production and improves body growth. In recent years, dairy has gained momentum as it enhances the natural balance of the gut microbiota, resulting in a strong immune system and enhanced metabolism.

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Global Dairy Market Trends:

One of the primary factors driving the market is the rapidly increasing population and escalating demand for ready-to-eat (RTE) dairy products, such as butter, frozen desserts, milk powder, and yogurt. Additionally, the increasing awareness among the masses about the health benefits of dairy products is creating a positive market outlook. Other than this, due to the growing health consciousness, there has been a rising demand for lactose-free, fat-free, and sugar-free dairy items, which is positively influencing the market growth.

Besides this, the availability of different varieties of cheese and the increasing popularity of yogurt, as it plays a vital role in maintaining a healthy gut and improving immunity, is augmenting the market growth. Apart from these factors, the consumption of milk minimizes the risk of osteoporosis among the elderly, which is expected to increase product sales. Furthermore, the inflating income levels, extensive research and development (R&D) activities in the dairy industry, and rapid urbanization and industrialization are other major growth-inducing factors.

Looking forward, IMARC Group expects the market value to reach US$ 1,243 Billion by 2028, expanding at a CAGR of 5.79% during the forecast period (2023-2028).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/global-dairy-market

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Key Market Segmentation

The research report includes the following segments:

Breakup by Product Type:

• Liquid Milk

• Flavoured Milk

• Cream

• Butter

• Cheese

• Yoghurt

• Ice Cream

• Anhydrous Milk Fat (AMF)

• Skimmed Milk Powder (SMP)

• Whole Milk Powder (WMP)

• Whey Protein

• Lactose Powder

• Curd

• Paneer

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Breakup by Region:

• United States

• China

• India

• Japan

• Germany

• France

• United Kingdom

• Italy

• Spain

• Australia

• New Zealand

• Canada

• Brazil

• Mexico

• Turkey

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Competitive Landscape:

• Nestle

• Fonterra

• FriesandCampina

• Arla Foods

• Danone

• Lactalis

1. What was the size of the global dairy market in 2022?

2. What is the expected growth rate of the global dairy market during 2023-2028?

3. What are the key factors driving the global dairy market?

4. What has been the impact of COVID-19 on the global dairy market?

5. What is the breakup of the global dairy market based on the product type?

6. What are the key regions in the global dairy market?

7. Who are the key players/companies in the global dairy market?

Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/global-dairy-market/toc

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