Global Dairy Food Market Size, Drivers, Trends, Opportunities And Strategies – Includes Cutlery And Hand Tools Market Growth
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The increasing demand for local, sustainable, and organic food production are expected to drive innovation in dairy food manufacturing, thus driving the market during the forecast period.
The global dairy food market is expected to grow from $944.39 billion in 2022 to $1,018.35 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The dairy food market is expected to grow to $1329.15 billion in 2027 at a CAGR of 6.9%.
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Global Dairy Food Market Segments Include:
- By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert
- By Source: Cattle, Sheep, Goat, Camel
- By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
- 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 in 2021.
Major Market Players in the dairy food market include Groupe Lactalis S.A., Danone S.A., Fonterra Group Cooperative Limited, Inner Mongolia Yili Industrial Group Co. Ltd., Saputo Inc., Nestle S.A.
The internet of things (IoT) technology 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 into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.
The Dairy Food Global Market Report 2023 provides a dairy food market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The dairy food market forecast analyzes dairy food market size, dairy food market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Dairy products are foods that are made from milk. Dairy has been linked to improved heart and bone health. Dairy products are high in protein, calcium, and vitamins.
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