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Dairy products market set to grow

26 August 2019

A market research document points to a growth in the global dairy products market. 

Meticulous Research has published a market research report on the dairy products segment. The report states that the global Dairy Products market will increase at a CAGR of 5.2% from 2019 to reach $645.8 billion by 2025, driven by factors such as a growing population and decreasing food resources, rising urbanisation, increasing per capita consumption of milk, and increase in consumer awareness levels regarding nutritional food.

The report provides analysis of this market by segmenting it on the basis of product (milk, cream, butter, cheese, yogurt, dairy desserts, milk powder and others), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa).

Geographically, Europe commanded the largest share in this market, followed by Asia-Pacific. The major share of Europe is mainly attributed to the high per capita consumption of milk and milk products and the presence of more than 12,000 dairy processing units, with some being well-known brands across the globe.

“Irrespective of Europe, the growth of the Asia-Pacific dairy products market is mainly driven by rising population; increasing consumer disposable income; growing foreign investment; increasing demand for western dairy products such as yogurt, sour milk,” said Uddhav Sable, research director at Meticulous Research. 

Among its products, the milk segment commanded the largest share in this market. The largest share of this segment is primarily attributed to it being the most consumed, processed and marketed dairy product across the globe.

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