According to a new report by Expert Market Research, ‘Global Dairy Market Report and Forecast 2020-2025’, the global dairy market is expected to grow by 2.5% per annum till 2020. The dairy market was aided by the 2% growth in the milk output in 2019, as compared to the previous year, attaining about 827 million tons.
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The global dairy market is being driven by the growing demand for dairy across the world. Dairy demand, especially for products like butter and dairy fat, is witnessing a resurgence in developed countries due to the change in eating habits and a more favourable view of dairy fat in recent years. In developing countries, the consumption of dairy products is expected to increase due to a rise in incomes, population growth, and increasingly globalised dietary habits. However, the per capita dairy consumption in emerging economies, while projected to see a growth, is still expected to remain much lower than developed countries in the forecast period. While fresh dairy products are consumed more extensively in emerging nations like India and Pakistan, the consumers in developed economies tend to prefer processed dairy products. In developed countries, most of the milk produced is transformed into cheese, butter, SMP and WMP. They are expected to witness a 9% growth in milk production in the forecast period with the majority of the milk being processed into cheese followed by SMP, butter, and WMP. In developing countries, the increase in milk production will be over 30% with the majority of the milk being used to produce fresh milk products.
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Global Dairy Market Breakup by Product:
1 Fluid/UHT/Flavoured Milk
2 Cream
3 Butter
4 Ghee
5 Anhydrous Milk Fat (AMF)
6 Skimmed Milk Powder/Non-fat Dry Milk
7 Whole Milk Powder
8 Whey Protein (Powder and Concentrate)
9 Indian Cheese (Paneer)
10 Lactose
11 Casein
12 Cheese
13 Yoghurt
14 Ice-cream
15 Probiotic Dairy Products
Global Dairy Market Breakup by Region:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- Nestlé S.A (SWX: NESN)
- Danone S.A. (EPA: BN)
- Lactalis Group.
- Dairy Farmers of America, Inc
- Royal FrieslandCampina N.V.
- Fonterra Co-operative Group Limited
- Arla Foods amba
- Saputo Inc.
- Inner Mongolia Yili Industrial Group Co Ltd
- China Mengniu Dairy Company Limited
- Dean Foods Company
- Saputo Inc.
Related Reports:
Mascarpone Cheese Market: https://www.expertmarketresearch.com/reports/mascarpone-cheese-market
Fluid Milk Market: https://www.expertmarketresearch.com/reports/fluid-milk-market
Flavoured Milk Market: https://www.expertmarketresearch.com/reports/flavoured-milk-market
Whole Milk Powder Market: https://www.expertmarketresearch.com/reports/whole-milk-powder-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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