Dairy foods and beverages are an essential part of our life, they have a great demand in the market. Consumers’ daily needs are satisfied with dairy products. There are a number of low-fat, lactose-free and cholesterol-free dairy products have entered the market.
The main functions of the dairy product industry are manufacturing dairy products like pasteurized milk, cream, yogurt, and dry, condensed and evaporated milk. Due to the fluctuations in raw milk prices and an economic recession the dairy products industry has been volatile. Newly introduced dairy products such as frozen dessert, ice cream, yogurt sectors, and cheese have attracted a large group of consumers to boost the dairy products market.
Dairy Products Market Report (2018-2023)
The Dairy Products market is expected grow at a robust CAGR during the forecast period (2018-2023).
The Global Dairy Products Market classified by type and application. By type, the market is segmented into Cheese, yogurt, butter, buttermilk, ice cream, lactose-free milk, cream and frozen and others. By application, the market is segmented into Bakery and confectionery, frozen food and clinical nutrition. Dairy Products Market geographical analysis by North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Due to various reasons like increasing population and animal husbandry being one of the major occupations the Asia Pacific is expected to dominate the global market. Latin America is likely to grow at a high CAGR while North America is expected to grow at a sluggish rate.
Some of the major companies operating in the current Market are
Arla Foods UK Plc., Nestle SA, Amul, Fonterra Group Cooperative Limited, Dairy Farmers of America Inc., Kraft Foods, Inc., Megmilk Snow Brand Co. Ltd., Danone, Parmalat S.P.A, Meiji Dairies Corp., Dean Foods Company, Sancor Cooperativas Unidas Limited, Unilever N, Parmalat S.P.A, Royal FrieslandCampina N.V., Groupe Lactalis SA.
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