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Global Dairy Market Size, Industry Report and Outlook 2019-2024

February 19, 2020 GMT

Sheridan, Wyoming, USA, Feb 19, 2020 (Wired Release) IMARC Group According to the global dairy market report by IMARC Group, the market reached a value of US$ 673.8 Billion in 2018. Looking forward, IMARC expects the market to reach a value of US$ 1032.7 Billion by 2024, growing at a CAGR of around 8% during the next five years. Dairy products are consumed across the globe, owing to the presence of essential nutrients, such as phosphorus, potassium, magnesium, riboflavin, calcium and vitamin A, D and B12. They aid in strengthening bones, controlling blood pressure and reducing the risk of type-2 diabetes and cardiovascular diseases. Moreover, dairy products containing probiotics help in enhancing the good bacteria in the gut and improving overall health.

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Global Dairy Market Trends:

With the increasing population, the consumption of milk and milk products has increased globally. In addition to this, the rise in the per capita income and the growing awareness about the health benefits of dairy products have increased their demand, especially among the urban population. To meet this escalating demand, manufacturers are adopting high-end technologies, such as data analytics, for improving their milk production capacities. Apart from this, government intervention plays a significant role in market growth. Governments in numerous countries are monitoring the pricing structure and the process of storing dairy products to maintain quality and avoid unnecessary wastage.

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Global Dairy Market Segmentation:

Market Breakup by Product Type

1. UHT Milk

2. Flavoured Milk

3. Fluid Milk

4. Cream

5. Table Butter

6. Ghee

7. Anhydrous Milk Fat (AMF)

8. Skimmed Milk Powder

9. Whole Milk Powder

10. Whey Protein (Powder and Concentrate)

11. Lactose Powder

12. Casein

13. Cheese

14. Yogurt

15. Ice-Cream

16. Indian Cheese (Paneer)

17. Probiotic Dairy Products

Market Breakup by Region

1. USA

2. Brazil

3. Argentina

4. India

5. China

6. Japan

7. New Zealand

8. Australia

9. Germany

10. Ireland

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11. Italy

Some of the major players operating in the industry include Nestl S.A. (NSRGY), Fonterra Co-operative Group Limited (FCG.NZ), Royal FrieslandCampina N.V., Arla Foods amba, Danone S.A., Lactalis Group, Dairy Farmers of America Inc., Dean Foods (DF), and DMK Group.

Key highlights of the report:

Market Performance

Market Outlook

Porters Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Competitive Structure

Profiles of Key Players

Browse related reports:

Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

UHT Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Flavoured Milk Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Whole Milk Powder Market Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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