According to IMARC Group’s latest report, titled “Global Dairy Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the dairy market value.

The global dairy market size reached US$ 893 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,243 Billion by 2028, exhibiting a growth rate (CAGR) of 5.79% during 2023-2028. Dairy products are produced by using milk that is harvested from animals. Some of the common dairy items include cheese, ice cream, butter, yogurt, etc. Dairy production plants use two types of processing, such as heat treatment and dehydration. These processes aid in extending the shelf life and ensuring the safety of the end product for human consumption. Dairy products are rich in carbohydrates, protein, calcium, potassium, phosphorus, riboflavin, vitamins A, D, and B12, etc. These compounds offer numerous health benefits, such as supporting body growth, building and repairing muscle tissues, maintaining strong bones, regulating blood pressure, etc.

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Global Dairy Market Trends:

The increasing demand for ready-to-eat (RTE) items, including butter, frozen desserts, milk powder, yogurt, etc., on account of the hectic working schedules of individuals, is primarily augmenting the global dairy market. Furthermore, the development of quick service restaurants (QSR) and fast-food chains, where a wide array of cheese, condensed milk, buttermilk, sour milk, etc., are used as major ingredients, is also catalyzing the market growth. Apart from this, the easy availability of flavored milk and ice creams in innovative flavors, such as chocolate, strawberry, vanilla, almond, etc., is acting as another significant growth-inducing factor. Moreover, the rising investments by key market players to improve the milk procurement network and promote domestic dairy farming practices are also bolstering the global market. Besides this, the introduction of modern retail facilities and continuous enhancements in cold chain logistics are further propelling the market growth. Additionally, extensive R&D activities are expected to fuel the global dairy market in the coming years.

Global Dairy Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the dairy market has been studied in the report with the detailed profiles of the key players operating in the market.

Key Market Segmentation:

The report has segmented the global dairy market on the basis of segment and region.

Breakup by Segment:

• Liquid Milk
• Flavoured Milk
• Cream
• Butter
• Cheese
• Yoghurt
• Ice Cream
• Anhydrous Milk Fat (AMF)
• Skimmed Milk Powder (SMP)
• Whole Milk Powder (WMP)
• Whey Protein
• Lactose Powder
• Curd
• Paneer

Breakup by Region:

• United States
• China
• India
• Japan
• Germany
• France
• United Kingdom
• Italy
• Spain
• Australia
• New Zealand
• Canada
• Brazil
• Mexico
• Turkey

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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