Global Dairy Products Market size was valued at over USD 18 billion in 2018 and is projected to witness more than 10.5% CAGR from 2018 to 2025.
Dairy products (and dairy alternatives) are packed with calcium, protein and lots of other essential nutrients. Calcium is vital for healthy teeth and bones. It is also important for muscles, heart and to help body form blood clots. Protein is an important nutrient body needs to grow and repair cells. But only around one in ten Australians meet the recommendations for dairy or dairy alternatives each day.
Most dairy products need to be refrigerated. The main exceptions are powdered milk products and UHT (ultra-high temperature) products, which can store in the pantry. And, of course, ice cream, which needs to be kept in the freezer. The best thing to do is follow the instructions on the product label. The best-before date gives an idea of how long dairy product will last before it starts to lose its quality (as long as have stored it correctly). But it doesn’t necessarily mean that after this date, the dairy product is dangerous to eat or drink.
Dairy foods are good sources of calcium, which is important in pregnancy because it helps unborn baby’s developing bones form properly. But there are some cheeses and other dairy products that should avoid during pregnancy, as they may make ill or harm baby. Milk and dairy products are an important part of a young child’s diet. They’re a good source of energy and protein, and contain a wide range of vitamins and minerals, including calcium, that young children need to build healthy bones and teeth. Cheese can form part of a healthy, balanced diet for babies and young children, and provides calcium, protein and vitamins such as vitamin A.
Increase in lactose Intolerance and milk allergy
• Lactose intolerance and milk allergy is one of the major reasons of growth for the dairy alternative products. However, from the past few years the increasing awareness and changing lifestyle has helped the market to grow. Health consciousness among consumers has increased, mainly about their weight and diabetic diseases.
Increasing lifestyle in obesity and gastrointestinal
• Consumers are also becoming more health conscious due to the growing incidences of gastrointestinal diseases. Due to increasing incidences of gastrointestinal diseases in the population, consumers avoid dairy products, which in-turn drives the market for Dairy Products. On the other hand, increased disposable income and rising population in developing countries provides an opportunity to grow in the coming years.
The major factors driving the Dairy Products market include consumers perceiving a vegan diet to be healthy. These consumers prefer consuming Dairy Products such as soy milk, almond milk, rice milk, and other plant-based milk as a substitute for dairy milk. Further, increasing cases of lactose intolerance and milk allergies among individuals promote the consumption of Dairy Products globally and is expected to drive the market.
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Yogurt is the fastest-growing for Dairy Products. With the rise in awareness among consumers and the demand for new varieties and alternatives, the market for dairy-free yogurts is expected to grow. The growing market for dairy-free yogurts is opening up new opportunities for applications in the Dairy Products market. Dairy yogurt alternatives available in the market are cholesterol-free, are fortified with calcium and vitamin D, and function as a healthy replacement for dairy yogurts for vegans and lactose-intolerant consumers.
Lack of proper nutrients available in dairy alternative raw materials may hamper the growth of the market. Availability of various counterfeited, low-cost products in the market is considered as the market growth hampering factor over the period. Absence of proteins, cross contamination of raw materials and high cost associated with Dairy Products may hamper the dairy alternative market.
The Dairy Products market is segmented on the basis of its Application, Type, Formulation, Sales Channel and Region. Considering the market segmentation of Dairy Products, there are various food and beverage options available in supermarkets, convenience stores, pharmacies and health stores to grab the attention of the consumer. However, the major market share is taken by beverages in the global scenario and it is expected to grow in the coming years. The sales channel followed by Dairy Products is similar to that of dairy options in convenience stores and supermarkets.
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North America is estimated to account for the largest share of the market. The market in the region is driven by higher economic power among consumers and increase in the consumption of soymilk, which is cheap and abundant in this region. Food manufacturers have been launching varied soymilk forms to meet the increasing consumer demand for healthy beverages and pasteurized soymilk as Dairy Products and provide unique flavors of soy drinks.
Robust economic growth, rising urbanization, explosion of in the middle class population are the significant factors of the growth of dairy alternative in Europe region. Also, vegan diet is gaining acceptance in the European countries which is anticipated to fuel the growth of dairy alternative during the forecast period.
The Asia Pacific market accounted for the largest share in the market. The large market share in this region is attributed to rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. Apart from this, rise in income, purchasing power, rapid growth of the middle-class population, increase in consumer awareness about health & fitness, and consumer demand for nutritional & healthy products provide promising prospects to the market players for growth and diversification in the region’s food sector.
Some of the major players in the Global Dairy Products market are The Whitewaves Food Company, The Hain Celestial Group, Blue Diamond Growers, Sunopta, Sanitarium Health and Wellbeing Company, Freedom Foods Group, Eden Foods, Nutriops S.L., Earth’s Own Food Company, Triballat Noyal, Valsoia S.P.A , Dohler GmBh, Organic Valley, and Panos Brands LLC .