Increasing consumption of dairy products by vegetarians and inclusion of functional products are among the most prominent factors for the growing demand in the global market for dairy products, finds Transparency Market Research. The report, titled “Dairy Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019,” observes the dairy industry as one of the most lucrative areas under the food and beverages sector and forecasts a healthy growth rate during the forecast period.
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The report notes that vendors in the global dairy products market cater to a massive consumer base from respective regions. The products include cream, milk, buttermilk, cheese, butter, yoghurt, ice cream and lactose-free dairy products. Dairy products are known as an excellent source of nutrients that are essential for body’s growth and therefore are highly sought-after globally. The demand for dairy products also feeds off the relative ease with which it can be obtained from certain mammals that can adapt to their surroundings.
According to the report, one of the growing trends in the global dairy product market is product innovation in the type-based segments of frozen desserts, yoghurts, cheeses, and ice creams. It is noted that the developed economies contributed to the most prominent demand for these innovative dairy products. Moreover, dairy products market also includes growing number of ready-to-eat items that are convenient ways of obtaining nutrition in the busy lifestyles. Conversely, the report highlights the limitations that have been implemented on international dairy trade as a cause of reduction in overall profits earned by regional and key global players in the dairy products market.
The report features the facts and statistics that are vital in understanding the dynamics of the current market and future prospects. These recent statistics on global and regional dairy product market are aimed at presenting a precise picture of the market segments and the competitive landscape.
Geographically, the report puts Europe as the leader in the global dairy products market, both in terms of production and consumption. Growing preference for functional dairy products is expected to sustain Europe as the leading market during the forecast period. However, Asia Pacific and Latin America are also showing exponential rise in the consumption due to rising population and emergence of higher quality and globally recognized dairy products. Also, increased disposable income among the consumers is also noted to increment the demand.
The report reveals that top players in the global dairy products market either have extremely strong hold over key regions or are globally prominent. These players are also aggressively expanding into untapped regions. Some of the key players in the market global market for dairy products include Dairy Farmers of America Inc., Parmalat S.P.A, Groupe Lactalis SA, Dean Foods Company, Amul, Danone, Arla Foods UK Plc., Kraft Foods, Inc., Meiji Dairies Corp., Fonterra Group Cooperative Limited, Megmilk Snow Brand Co. Ltd., Nestle SA, Sancor Cooperativas Unidas Limited, Royal FrieslandCampina N.V., and Unilever N.
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