Dairy products industry includes various sectors dealing primarily with milk, cheese and butter products. The main products manufactured in this industry are pasteurized milk, dry milk, condensed or evaporated milk, cream and yogurt. Other products include substitute dairy products made from non-dairy ingredients such as soybeans.
Dairy products market segmentation is done on the basis of product types and their applications. Broadly by product types, market is categorized into milk, cheese, casein, lactose, ice cream and yogurt. The milk and cream segment holds the largest market share and is expected to continue dominating the market for the next few years. Demand for various types of ice creams is on the rise, which is expected to contribute to the dairy market growth. On the basis of applications, dairy market is segmented into bakery & confectionery, frozen food and clinical nutrition. By geography, China has emerged as the biggest regional market for dairy products, owing to its large population.
Dairy products market is driven by several factors, increasing consumer concerns towards health being the major one. Growing health awareness has also given rise to demand for organic dairy products, which depends on organic farming. Demand for organic dairy products is picking up, but higher cost remains the major restrain for the market.
Other factors contributing towards the growth of the dairy products market are improved operational efficiency, growth in applications and changing dietary patterns. In addition, considering the changing consumer demands, dairy market is witnessing rise in various functional products like vitamin enriched and ready-to-eat items.
Dairy products market is very fragmented and is experiencing collaborations, mergers and acquisitions and joint ventures. Major players operating in the dairy products market include Amul, Danone, Dairy Farmers of America Inc., Arla Foods UK Plc., Dean Foods Company, Fonterra Group Cooperative Ltd., Kraft Foods, Inc., Meiji Dairies Corp., Nestle SA, and Unilever and others.
ASDReport.com has an extensive collection of reports on dairy products market. These reports provide market insights on various dairy products such as butter, cheese, cream, milk, yogurt and many more.