Global Dairy Market to Exhibit A Steady Growth from 2017 Onwards

Growing health consciousness, increasing disposable incomes and healthy innovations in dairy products suiting the current lifestyle trends are expected to drive the global demand of dairy products during the next five years.

IMARC group’s recently published report titled “Global Dairy Market Report Trends and Forecast (2016-2021)”provides a detailed analysis of various segments and sub-segments of the global dairy market. According to the report, the market was worth US$ 584.8 Billion in 2015, growing at a CAGR of 2.6% during 2008-2015. Several factors like rising incomes, growth of emerging markets, rapidly growing population of health conscious consumers and a thriving food and beverage industry have proved proactive in maintaining a stable growth of the global dairy market for the past decades. However, the market has experienced an imbalanced demand-supply ratio in recent years due to a sluggish demand in the key import markets. The sudden fall in the imports from the two largest dairy importers, China and Russia resulted in the fall of dairy prices. Fortunately, a steady recovery is expected from the year 2017 onwards. Growing health consciousness, increasing disposable incomes and healthy innovations in dairy products suiting the current lifestyle trends are expected to sustain the global demand of dairy products during the forecast period.

The report has segmented the global dairy market on the basis of 17 major product segments. They include Fluid Milk, UHT Milk, Flavoured Milk, Cream, Butter, Ghee, Anhydrous Milk Fat, Skimmed Milk Powder, Whole Milk Powder, Whey Protein (Powder and Concentrate), Casein Powder, Lactose Powder, Cheese, Yogurt, Ice-Cream, Cottage Cheese and Probiotic Dairy Products. Currently, fluid milk represents the biggest product segment with Asia being the largest consumer. The report has further analysed different aspects of the dairy product segments such as the global production volume, value and prices, regional market breakup, composition of the product and its manufacturing process, machinery and equipment, cost-analysis and profit margins, competitive landscape and the market forecast.

The study has also analysed the global dairy market in the following countries: USA, Brazil, Argentina, India, China, Japan, New Zealand, Australia, Germany, Ireland and Italy. Currently, India is the largest producer of milk in the world but most of its dairy produce is consumed domestically. India is followed by Europe, the United States, New Zealand and Australia who are among the top dairy producers and also represent the biggest exporters of dairy products. On the other hand, Russia, China and Mexico are among the largest importers of dairy products globally. Mapping out the competitive landscape, the report has examined the profiles of the following key players: Nestle, Danone, Lactalis, Fonterra, FrieslandCampina, Dairy Farmers of America, Arla Foods, Dean Foods and DMK.

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