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The latest report by IMARC, titled “ Dairy Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-20 28
” " the global dairy snacks market size reached US$ 227.5 Billion in 2022.
Dairy snacks are food products prepared from milk or milk-based ingredients that are consumed as a snack between meals. It consists of numerous nutrients, such as calcium, magnesium, selenium, riboflavin, pantothenic acid, and vitamin B12 and B5. Their moderate consumption helps in reducing the risk of colorectal cancer, type 2 diabetes, and non-communicable diseases (NCDs), including osteoporosis. Besides, the carbohydrates found in dairy snacks, such as yogurt and pudding cups can provide a quick source of energy, while the protein in cheese and cottage cheese can help keep you feeling full and satisfied for longer periods of time. They are a popular choice among individuals who are looking for a convenient and nutritious snack option that can be consumed on the go or as part of a balanced diet.
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The growing demand for ready-to-eat food products among the masses is driving the global market. This can be attributed to shifting consumer preferences towards high-value products due to changing dietary patterns. Moreover, the growing awareness among individuals about the importance of adopting a healthy lifestyle is positively influencing the demand for dairy snacks among individuals. In response to the escalating demand, several leading players are introducing fortified dairy snacks with improved nutritional content, such as iron, plant sterols, and stanols, thus providing a boost to the market. In line with this, key players are also offering low-calorie and lactosefree variants, which are gaining prominence among the masses. Furthermore, rapid urbanization and the growing demand for protein-fortified foods and beverages are significantly strengthening the market. Apart from this, the escalating popularity of craft and artisanal cheese products due to their nutritional content is catalyzing the growth of the demand. Moreover, the easy availability of dairy snacks through online and offline organized distribution channels and the advent of home delivery models are further creating a positive market outlook. Other factors, such as continuous technological developments in the production process, the emerging e-commerce sector, continual improvements in the food and beverage sector, and the development of aggressive marketing strategies and innovative packaging solutions, are also influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 321.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 20232028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Type:
• Cheese
• Yogurt
• Ice Cream
• Others
Breakup by Nature:
• Organic
• Conventional
Breakup by Distribution Channel:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others
Breakup by End Use:
• HoReCa
• Foods and Beverages Industry
Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
Competitive Landscape with Key Players:
Arla Foods Ingredients Group
• Dairy Farmers of America Inc.
• Danone S.A.
• Fonterra Co-operative Group Limited
• Friesland Campina
• Lactalis International
• Megmilk Snow Brand Co.Ltd
• Meiji Holdings Co. Ltd.
• Nestle S.A
• Organic Valley
• The Kraft Heinz Company
• Unilever PLC
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/dairy-snacks-market
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