DAIRY MARKET - GROWTH, TRENDS, AND FORECASTS (2023 - 2028)

 Over the anticipated period, the dairy industry is anticipated to grow at a CAGR of 5.35 percent. The outlook for the dairy industry over the long run is still favourable. The main factor driving dairy product sales globally is the demand from consumers for quick and wholesome on-the-go snacks. Dairy products are thought of as a healthy snack option because they naturally contain a lot of calcium.

The health advantages of probiotic beverages, particularly their capacity to strengthen the immune system and digestion, have been drawing customers from all over the world. Consumers are increasingly drawn to low-fat, lactose-free, and calcium-rich dairy snack options thanks to health and wellness trends.

The usage of dairy products outside of the home resumed after the epidemic. However, dairy product usage at home has grown recently. Dairy Global estimates that Lactalis, a significant competitor in this industry, saw sales increase by 5.9% in FY 2021. Additionally, consumers now have access to a wider variety of dairy products, which increases their interest in them. Thus, the market is being driven by the constant development of new goods.

Functional dairy products are nutritious dairy items that contain probiotics, vitamins, and minerals, as well as substances that improve energy. Milk containing omega-3 fatty acids, cheese, and yoghurt containing probiotics are examples of dairy products that hold a considerable market share. These dairy products have additives that promote health and provide physiologic advantages in addition to essential nutrition.

Food with functional features, such as sour milk, are in high demand due to consumer trends towards healthier lifestyles, which has a positive impact on the market under study throughout the review period. To satisfy the growing demand for goods with a balanced nutritional profile, functional and organic dairy products have been introduced. 

India produces 22% of all milk produced globally, according to the Food and Agriculture Organisation (FAO), followed by China, the United States, and Pakistan. But people are becoming more interested in other dairy products. For instance, cheese is very new to the area. Given that the area welcomes innovation and is open to experimenting with new cheese-flavoured items, it is getting a lot of traction as people are prepared to try new cheese-flavored foods and beverages. Cheese is simple to incorporate into regional meals and traditions, making experimentation and adoption straightforward.

Major Players: Nestlé SA, Lactalis Corporation, Danone SA, Fonterra Co-operative Group Limited, and FrieslandCampina Food company

Read The Full Market Report





























Comments

Post a Comment

Popular posts from this blog

Shipping Containers Market Projected to Reach USD 12.77 Billion by 2030, Driven by E-commerce Growth and Cold-Chain Expansion

  Introduction   The global shipping containers market is experiencing steady growth, with projections indicating an increase from USD 10.27 billion in 2025 to USD 12.77 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.46%. According to Mordor Intelligence Shipping Containers Market Report , this expansion is primarily fueled by the surge in e-commerce activities, the need for efficient cold-chain solutions, and advancements in intermodal transportation.   Key Trends   E-commerce Fulfillment   The rapid growth of e-commerce has significantly impacted on the shipping containers market. The demand for faster and more efficient delivery systems has led to increased use of standardized containers, particularly 40-foot units, which accounted for 52.64% of the market share in 2024.   Cold-Chain Expansion   The pharmaceutical and food industries' need for temperature-controlled transportation has driven the demand for refrigerated c...
Read more

DATA CENTER POWER MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

  The IT industry requires on-premise private data storage and hyper-scale data centres for its operations, depending on the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth among SaaS providers, enabling cloud storage providers to expand their capacities. Hence, the increasing data load requires more power. This creates a requirement for efficient power solutions in IT applications. According to the Data Center Survey recently published by Vertiv, 98% of the participants voted for IT utilization to be above 20% by 2025. This indicates that IT companies are focusing on deploying an efficient power source for their data centres and increasing their utilization rate. Cloud storage providers, like AWS, Microsoft, and Google, are expanding their storage capabilities to offer more efficient workflows in the cloud. These companies are making investments in hyperscale deals. For instance, in June last year, Amazon Web Service...
Read more

Second Hand Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

 The Off-the-Shelf Second Hand Furniture Market is segmented into the distribution channel, which is further segmented into online and offline, out of which the offline segment, with a larger market share in 2021, is anticipated to have the largest share during the forecast period. However, with the rise of an increasing number of smartphone users and increasing penetration of internet users, the market share for the online segment is expected to grow at a higher rate over the forecast period. The Asia Pacific is expected to account for a larger share in terms of revenue during the forecast period. The increasing size of the online marketplace for second-hand goods is anticipated to drive the growth of the Asia Pacific regional market.  The Off-The-Shelf Second Hand Furniture Market size is estimated at USD 21.30 billion in 2023, and is expected to reach USD 29.28 billion by 2028, growing at a CAGR of 6.57% during the forecast period (2023-2028). The market is increasi...
Read more