Dairy Market To Grow At A Higher Rate
Posted by sainath on January 11th, 2019
The Business Research Company’s global dairy market, covers the year-on-year growth of the global dairy historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.
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The global dairy market is forecast to grow at a CAGR (compound annual growth rate) of around 6 % to 2022.
Dairy Market Market Trends
Lactose-free dairy products, increasing demand for clean label products and increasing demand for organic cheeses are the major trends witnessed in the global dairy market. With population growth in many countries in Asia, shift towards organic dairy products, government initiatives to provide subsidized milk products in countries such as India and rising disposable income, the scope and potential for the global dairy market is expected to significantly rise in the forecast period.
Milk & Butter was the largest segment in the dairy market accounting for 40 % of the market. This was due to the presence of a large number of milk manufacturing companies catering to a large customer base. This segment includes establishments manufacturing processed milk products such as pasteurized milk, cream, creamery butter, sour cream and fluid milk dairy substitutes from soybeans and other non-dairy substances.
The global dairy is primarily driven by population growth in many countries in Asia, shift towards organic dairy products, government initiatives to provide subsidized milk products in countries such as India and rising disposable income.
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The global dairy market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With emergence increasing demand for cheese, yogurt and ice creams in emerging markets due to rising disposable income in developing countries the global dairy is expected to increase in potential and scope. TBRC’s report also covers the global dairy market report drivers and restraints in the market.
The global dairy market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global dairy report are Nestle, Dairy Farmers of America, Fonterra Group Cooperative Limited, Danone, Arla Foods
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Joined: June 13th, 2018
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