Global Dry, Condensed, And Evaporated Dairy Products Market Size, Drivers, Trends, Opportunities And Strategies – Includes Dry, Condensed, And Evaporated Dairy Products Market Growth
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The increasing demand for local, sustainable, and organic food production are expected to drive innovation in dry, condensed, and evaporated dairy products manufacturing, thus driving the market during the forecast period.
The global dry, condensed, and evaporated dairy products market is expected to grow from $111.75 billion in 2022 to $120.06 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The dry, condensed, and evaporated dairy products market is expected to grow to $154.51 billion in 2027 at a CAGR of 6.5%.
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Global Dry, Condensed, And Evaporated Dairy Products Market Segments Include:
- By Type: Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product
- By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
- By End Use: Food, Beverages, Intermediate Products, Condiments, Other End Users
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global dry, condensed, and evaporated dairy products market in 2021.
Major Market Players in the dry, condensed, and evaporated dairy products market include Kerry Group plc, Tate & Lyle, Rhodes Food Group, Nestlé S.A, The J.M. Smucker Company, GCMMF PVT Ltd.
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 Dry, Condensed, And Evaporated Dairy Products Global Market Report 2023 provides a dry, condensed, and evaporated dairy products market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The dry, condensed, and evaporated dairy products market forecast analyzes dry, condensed, and evaporated dairy products market size, dry, condensed, and evaporated dairy products 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.
Dry dairy products are manufactured by converting dairy products into a dry powder requires removing nearly all water by methods such as spray drying; drum drying and others. A condensed dairy product is formed by removing 60% of the water from the dairy product. Evaporated dairy products are made through the process of removing water from dilute liquid foods to obtain a product with a desired solid concentration.
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