The dairy market
comprises establishments involved in manufacturing dairy products from raw milk
and processed milk products, manufacturing dry, condensed, concentrated and
evaporated dairy, and producing some dairy substitute products.
Diary market in
this report is segmented into milk & butter, cheese, dry, condensed &
evaporated diary product, ice cream & frozen desert.
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The global dairy market has been growing in the past years with a CAGR
of almost 4%. The year 2017 recorded growth in this market with a net market
value more than 12% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market
for each year with sourced reasons to support the growth claims.
The report also shows
the global dairy market to grow at a higher CAGR by 2021 as compared to 2017,
along with geographies best suited for investments with highest return rate.
The demand for
clean label products is increasing rapidly owing to significant rise in
awareness of healthy eating. Clean label dairy products do not contain
additives, artificial flavor enhancers, dyes or artificial preservatives. Also,
many food service and retail grocery store chains are stating lists of
ingredients that cannot be present in food items in their stores or
restaurants. According to a survey of 1,000 customers in the UK and Russia by
Ingredion, 70% of consumers purchasing dairy and bakery products are aware of
clean labels and the presence of clean labels influences their buying decisions
and 30% of consumers are looking for some kind of clean label claim.
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Companies included in the report are Nestle SA, Dairy Farmers of
America, Fonterra Group Cooperative Limited, Danone, Arla Foods,
FrieslandCampina, Yili, Saputo, Dean Foods, and Agropur.
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