Dairy Products Market size was valued at USD 482.09 billion in 2022 and is expected to grow at a compound annual growth rate CAGR of 2.7% from 2023-2029. Dairy products are derived from the milk of buffaloes, cattle, camels, sheep, and goats. Majorly used dairy products include cheese, butter, yogurt, and buttermilk among others. dairy products are used for nutritional purposes. Moreover, a few dairy products such as butter and cheese are used in confectioneries and other bakery products.
In February 2018, Lewis road creamery launched chocolate mint milk in New Zealand collaborated with Whittakers Chocolate.
Fastest Growing Market
Increase in global population, surge in demand for nutritional food products is expected to drive the global dairy products market. Moreover, increase in the number of dairy players, increase in dairy production due to rise in preference for animal farming in rural areas, development of newer dairy products such as lactose-free and cholesterol-free dairy products by market players, and grow in importance for balanced and nutritional diet are fuel the global dairy products market over the forecast years. However, cost fluctuations of dairy products, allergies with dairy products, and religious issues are anticipated to restrain the growth of global dairy products market over the forecast years.
The dairy products market is studied from 2018 - 2029.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Disclaimer The above mentioned segmentation is tentative; it is changed according to clients requirement, or research feasibility.