Dairy Food Market overview:
Food items produced from or containing milk are referred to as dairy products or milk products. They are also known as lacticinia. The Dairy Food Market Group includes milk, yogurt, cheese, lactose-free milk, fortified soy milk, and yogurt. Milk is the most consumed dairy product worldwide due to its easy availability and high nutritional content.
The Dairy Food Market is projected to grow at a significant pace reaching a CAGR of approximately 5.2%, over the forecast period of 2022–2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
In a recent research report by Reports Insight Consulting Pvt. Ltd, the Dairy Food Market is expected to surpass USD 936.08 Billion by the year 2028, from USD 656.45 Billion in 2021.
Yogurt is estimated to grab more traction in places like Brazil, China, and India, due to high awareness, and increased consumption. Further, due to its significance in preserving a healthy gut and enhancing immunity, consumers in China, and India prefer to include yogurt in their diet. Additionally, the popularity of low-sweet and flavored yogurt products in this nation influences the expansion of the dairy food market.
North America is estimated to gain significant market attention in the forecast period. Due to the high consumption of cheese and milk in the country and the innovation of milk products such as low-fat and no-sugar milk, fewer calories are intended to enhance the consumption of milk. Further, Europe is estimated to support the growth of the market due to rising consumer demand for cheese, desserts, creamers, and other products.
The study is consolidated into major segments and further into sub-segments, such as by Type (Lactose, Lactose-Free), Product (Milk, Cheese, Butter, Yogurt, Dessert, and Others), Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialty Store, Online Retail), to forecast the Size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the Dairy Food Market Report includes a regional analysis and country analysis with the latest trends, along with the major key players including Nestle S.A., BIONX International Corporation, Robert Bosch GmbH, Yamaha Motor Group, Derby Cycle Holding GmbH, Giant Group, KWANG YANG MOTOR CO., LTD., Merida Centurion Germany GmbH (MCG), Samsung Electronics Co., Ltd., Continental AG, Prodeco Technologies LLC, Tianjin Fuji-ta Group Co., Ltd., Trek Bicycle Corporation, PEDEGO INC, and Shimano Inc.