Global Dairy Food Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Dairy Food Market Report by The Business Research Company covers dairy food market drivers and restraints, dairy food market size, major players, and the impact of COVID-19 on the dairy food market.
The dairy food market consists of sales of dairy products by entities (organizations, sole traders and partnerships) that produce dairy products from raw milk and processed milk products, produce dry, condensed, concentrated and evaporated dairy, and/or produce some dairy substitute products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.
The increasing demand for local, sustainable and organic food production is expected to positively impact the dairy food market during the forecast period.
The global dairy food market is expected to grow from $675.78 billion in 2020 to $722.14 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $956.26 billion in 2025 at a CAGR of 7%.
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Some dairy food market trends include internet of things (IoT) technology. It is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles or other items that continuously exchange data and provide insights about a process or system. This technology is being used to track ingredients being used in products.
Global dairy food market segments include:
1) By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
Subsegments Covered: Milk-Dairy, Butter, Natural Cheese, Processed Cheese, Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product, Ice Cream, Frozen Dessert.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global dairy food market, accounting for 42% of the market.
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The Dairy Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides dairy food market overviews, analyzes and forecasts market size, share, dairy food market players, dairy food market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The dairy food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Dairy Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Nestle, Dairy Farmers of America, Fonterra Group Cooperative Limited, Danone, Arla Foods
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Dairy Food Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Dairy Food Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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