12 February 2019:
Dairy
Product Market is anticipated to grow at a significant CAGR in
the upcoming period as the scope, product types, and its applications are
increasing across the globe. Dairy product, or “Milk Product” or “Lacticinia”
is an essential part of our daily diet. It has been witnessing a significant
demand and is anticipated to grow over the forthcoming period. There are
several advantages of dairy product such as low-fat, cholesterol-free, and
lactose-free content.
The factors that propel the growth of the Dairy Product
Market include absence of stringent governing frameworks, influx of funds from
public and private segments, flourishing animal and agriculture farming
industry in several regions, and growing concerns toward health. On the other
hand, there are factors that may hamper the growth of the market including
reduced milk trade among nations.
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The market may be explored by type, application,
distribution channel and geography. The market may be explored by type as
lactose free milk, yoghurt, cheese, buttermilk, butter, cream and frozen, ice
cream and others. The key applications that could be explored in the Dairy
Product Market include Frozen food, Bakery & Confectionery, and Clinical
Nutrition. The market could be explored based on Distribution channel as
Hypermarkets/Supermarkets, Convenience stores, department stores, and
discounters. The “Hypermarkets/Supermarkets” segment led the Dairy Product
Market in 2016 and is anticipated to maintain its dominance by 2021.
Asia-Pacific accounted for the major share of the Dairy
Product Market Size in 2016 and will continue to lead in the forecast period.
The factors that could be attributed to the growth include the presence of
animal husbandry as one of the significant industries, easy availability of raw
materials, and expansion of the customer base. North America is likely to
record moderate to sluggish growth during the upcoming period.
Some of the key players that fuel the growth of the Dairy
Product Market comprise Nestle SA, Amul, Dairy Farmers of America Inc., Arla
Foods UK Plc., Fonterra Group Cooperative Limited, Danone, Parmalat S.P.A,
Kraft Foods, Inc., Megmilk Snow Brand Co. Ltd., Dean Foods Company, Meiji
Dairies Corp., Unilever N, Groupe Lactalis SA, Sancor Cooperatives Unidas
Limited, Royal FrieslandCampina N.V., and Parmalat S.P.A. The leading companies
are taking up partnerships, mergers and acquisitions, and joint ventures in
order to boost the inorganic growth of the industry.
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Dairy Product Market
by Geographical Regions:-
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
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