Dairy Food Global Market Opportunities and Strategies to 2031: COVID-19 Impact and Recovery

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Dec 16, 2022, 07:15 ET

DUBLIN, Dec. 16, 2022 /PRNewswire/ -- The "Dairy Food Global Market Opportunities And Strategies To 2031: COVID-19 Impact And Recovery" report has been added to ResearchAndMarkets.com's offering.

This report describes and evaluates the global dairy food market. It covers three five-year periods: 2016-2021, termed the historic period, and the forecast periods of 2021-2026 and 2026-2031. The report evaluates the market across each region as well as for the major economies within each region.

The global dairy food market reached a value of nearly $722.14 billion in 2021, having grown at a compound annual growth rate (CAGR) of 5.1% since 2016, and is expected to grow at a CAGR of 7.0% to nearly $1,012.98 billion by 2026. Also, the market is expected to grow to $1,360.11 billion in 2031 at a CAGR of 6.1%.

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Growth in the historic period resulted from strong economic growth in emerging markets, global population growth, a rise in disposable income, growing number of health-conscious consumers, and low interest rate environment. Factors that negatively affected growth in the historic period were shortage of labor, reductions in free trade, and counterfeit products.

Going forward, the covid-19 pandemic, rising population, rising penetration of organized retail, improvement in cold chains, increased dietary consciousness and increasing product launches will drive the growth. Factors that could hinder the growth of the dairy food market in the future include government initiatives towards milk alternatives and an increase in lactose intolerance among consumers.

The dairy food market is segmented by type into milk and butter, cheese, dry, condensed, and evaporated dairy product, and ice cream and frozen dessert. The milk and butter market was the largest segment of the dairy food market, accounting for 43.8% of the total market in 2021. Going forward, the cheese market is expected to be the fastest growing segment in the dairy food market segmented by type, at a CAGR of 7.8% during 2021-2026.

The milk and butter market is further segmented by type into milk and butter. The milk was the largest segment of the milk and butter market, accounting for 91.6% of the total market in 2021. Going forward, the butter market is expected to be the fastest growing segment in the milk and butter market segmented by type, at a CAGR of 8.5% during 2021-2026.

The cheese market is further segmented by type into natural cheese, and processed cheese. The processed cheese was the largest segment of the cheese market by type, accounting for 63.7% of the total market in 2021. Going forward, the natural cheese market is expected to be the fastest growing segment in the cheese market segmented by type, at a CAGR of 9.2% during 2021-2026.

The dry, condensed, and evaporated dairy products market is further segmented by type into dry dairy product, condensed dairy product and evaporated dairy product. The dry dairy product was the largest segment of the dry, condensed, and evaporated dairy products market by type, accounting for 69.4% of the total market in 2021. Going forward, the condensed dairy product market is expected to be the fastest growing segment in the dry, condensed, and evaporated dairy products market segmented by type, at a CAGR of 6.8% during 2021-2026.

The ice cream and frozen dessert market is further segmented by type into ice cream and frozen dessert. The frozen dessert was the largest segment of the ice cream and frozen dessert market by type, accounting for 63.5% of the total market in 2021. Going forward, the frozen dessert market is expected to be the fastest growing segment in the ice cream and frozen dessert market segmented by type, at a CAGR of 6.9% during 2021-2026.

The dairy food market is also segmented by distribution channel into supermarkets/hypermarkets, convenience stores, e-commerce, and others. The supermarkets/hypermarkets market was the largest segment of the dairy food market, accounting for 50.1% of the total market in 2021. Going forward, the e-commerce market is expected to be the fastest growing segment in the dairy food market segmented by distribution channel, at a CAGR of 14.1% during 2021-2026.

Asia Pacific was the largest region in the dairy food market, accounting for 42.1% of the total in 2021. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the dairy food market will be South America, and Middle East where growth will be at CAGRs of 8.9% and 8.8% respectively. These will be followed by Africa, and Asia Pacific, where the markets are expected to grow at CAGRs of 8.7% and 8.3% respectively.

Market-trend-based strategies for the dairy food market include internet of things (IoT) technology, increasing dairy food companies' collaboration with e-commerce companies, increasing demand for clean label products, robotics and automation in dairy industry, partnerships and acquisition for brand expansions. Player-adopted strategies in the dairy food market include product innovation and new opportunities for business development, expand its dairy business through strategic acquisitions, product innovation through strategic partnerships, expand its customer reach through digital platforms.

To take advantage of the opportunities, the publisher recommends the dairy food companies focus on internet of things (IoT) technology in supply chain management, invest in robotics and automation, focus on clean label products, collaborate with e-commerce companies, expand in emerging markets, set up authorized distributors and sales representatives, adopt market-based pricing, offer competitively priced products, leverage social media use to maximize reach, target local departmental stores to spread awareness and build strategic relationships with large-scale end-use industries.

Key Topics Covered:

1. Dairy Food Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction
6.1. Segmentation By Geography
6.2. Segmentation By Type
6.3. Segmentation By Distribution Channel

7. Dairy Food Market Characteristics
7.1. Market Definition
7.2. Segmentation By Type
7.2.1. Milk And Butter
7.2.2. Cheese
7.2.3. Dry, Condensed, And Evaporated Dairy Products
7.2.4. Ice Cream And Frozen Dessert
7.3. Segmentation By Distribution Channel
7.3.1. Supermarkets/Hypermarkets
7.3.2. Convenience Stores
7.3.3. E-Commerce
7.3.4. Others

8. Dairy Food Market Product Analysis - Product Examples

9. Dairy Food Market, Supply Chain Analysis
9.1.1. Raw Material Suppliers
9.1.2. Manufacturers
9.1.3. Wholesalers And Distributors
9.1.4. Retailers
9.1.5. End Users

10. Dairy Food Market Customer Information
10.1. Americans Purchasing Behaviors And Preferences Of Dairy Consumers
10.2. Driver Behind Purchase Of Functional Beverages Is The Immune System Support
10.3. Cheese Consumption Culture In Central Spain
10.4. Consumers Behavior and Preferences Towards Milk And Dairy Products In Romania

11. Dairy Food Market Trends And Strategies
11.1. Internet Of Things (IoT) Technology In Supply Chain Management
11.2. Increasing Dairy Food Companies Collaboration With E-Commerce Companies
11.3. Increasing Demand For Clean Label Products
11.4. Robotics And Automation In Dairy Industry
11.5. Partnerships And Acquisition For Brand Expansions

12. Impact Of COVID-19 On The Dairy Food Market
12.1. Introduction
12.2. Increasing Demand For Dairy Food Due To COVID-19
12.3. Supply Chain Challenges
12.4. COVID Impact On Consumers Purchasing Behavior For Dairy Food
12.5. Future Outlook

13. Global Dairy Food Market Size And Growth
13.1. Market Size
13.2. Historic Market Growth, 2016 - 2021, Value ($ Billion)
13.2.1. Drivers Of The Market 2016 - 2021
13.2.2. Restraints On The Market 2016 - 2021
13.3. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Billion)
13.3.1. Drivers Of The Market 2021 - 2026
13.3.2. Restraints On The Market 2021 - 2026

14. Dairy Food Market, Regional Analysis
14.1. Global Dairy Food Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
14.2. Global Dairy Food Market, 2016 - 2026, Historic And Forecast, By Region
14.3. Global Dairy Food Market, 2021 - 2026, Growth And Market Share Comparison, By Region

15. Global Dairy Food Market Segmentation
15.1. Global Dairy Food Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
15.1.1. Global Milk And Butter Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
15.1.2. Global Cheese Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
15.1.3. Global Dry, Condensed, And Evaporated Dairy Products Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
15.1.4. Global Ice Cream And Frozen Dessert Market, Segmentation By Type, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)
15.2. Global Dairy Food Market, Segmentation By Distribution Channel, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Billion)

16. Global Dairy Food Market Comparison with Macro Economic Factors
16.1. Dairy Food Market Size, Percentage Of GDP, Global
16.2. Per Capita Average Dairy Food Market Expenditure, Global
16.3. Dairy Food Percentage of GDP, 2021, Major Countries