Global Dairy Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
May. 15, 2018
DUBLIN--(BUSINESS WIRE)--May 15, 2018--The "Global Dairy Market - Segmented by Product Type, Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global dairy market was valued at US$413.8 billion in 2017 and is expected to register a decent growth rate during the forecast period. The global dairy sale has surpassed 192884 million kg in 2017, with milk accounting for the largest category. The global dairy market observed volume growth of 1.8% during the past five years.
The Asia-Pacific is the most significant market, holding a market share of 42% in 2017, driven by the growing appetite for dairy in India and China. EU, US, New Zealand, Australia, and Argentina are the primary dairy producing countries globally. China is the fastest growing dairy market, witnessing a CAGR of 8.9% during the forecast period. Affordability and expanding retail distribution, such as supermarkets/hypermarkets, remains the key driver for emerging markets.
Rising consumer interest in the probiotic beverage as a result of its positive health effect drives the drinkable yogurt sale. Asia-Pacific remains the fastest growing drinkable yogurt market registering a CAGR of 13.6%, during the forecast period. Drinkable yogurt currently holds only 5% of volume share, which is expected to gain 6,849 million kg during the forecast period.
The retail sale of conventional packaged milk observed a considerable decline in past five years which is expected to continue. However, the organic milk is growing at a faster rate. In the US alone, the retail Organic milk sale increased by 22% during 2010-2015, offering new growth in the category.
Companies MentionedNestle SA Arla Foods amba Land O'Lakes Inc. The Lactalis Group Mller Group Groupe Danone Fonterra Co-operative Group Limited Chobani LLC Dairy Farmers of America Dean Foods FrieslandCampina Yili Group Saputo Inc. Unilever PLC Kraft Heinz Company
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. List of Company Profiles
7. Companies Covered
For more information about this report visit https://www.researchandmarkets.com/research/vqw69p/global_dairy?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180515005739/en/
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Related Topics:Dairy Products
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 05/15/2018 06:26 AM/DISC: 05/15/2018 06:26 AM