San Jose, California (PRWEB) November 19, 2012
Follow us on LinkedIn – Dairy products constitute one of the leading segments within the food industry worldwide. With consumers demanding dairy products that fit their diet and nutritional chart, the potential for growth of innovative and healthier products has increased over the years. Global dairy market expanded mainly due to the introduction of new dairy products, including omega-3 fatty acids-enriched milk and A2 milk, among others. Other health oriented dairy products include probiotic yogurts, standard milk with less fat, fromage frais, and lactose-free goat cheese products. Besides the health aspect, convenience provided by various dairy products has also played a vital role in the growth of the dairy market through the years.
Globally, though developed regions such as North America and Europe continue to dominate dairy consumption, the market for such products continues to be driven by exceptional growth in regions, such as Asia, Latin America, and the Caribbean. The already mature market profile, limited growth in population, and most importantly the growing aging population, which translates to low per capita consumption, has brought down the pace of growth of developed countries in the global market. In contrast, large population, and rising income levels are proving to be the major driving factors for the exceptional growth in consumption of dairy products in developing countries, including Asia, Latin America, and the Middle East.
Regionally, Europe remains the largest regional market for dairy products, as stated by the new market research report on Dairy Products. The US follows Europe as the second largest market, with growth emanating from increasing consumer preference for rich, fortified, fat-specific, and organic variants of various dairy products in the market. However, Asia-Pacific offers the highest growth potential owing to the expanding population and the relatively low per capita consumption levels of various dairy products. Asia-Pacific is forecast to increase at a CAGR of 5.5% during the analysis period, backed by the strong demand for dairy products from India and China. Supported by increasing popularity of dairy products in China and an ever-increasing population in India, such countries are projected to account for over one-third of the global milk consumption by 2020.
With regard to segments that are currently driving growth in the global dairy products market, fluid milk constitutes the largest product segment, with its growth buoyed by rising demand, especially in major developing countries. Cheese is another important segment of the market, with demand for the product witnessing a consistent rise, consequently leading to a surge in production. In comparison to the developing countries where cheese is still perceived as a discretionary spend, in the developed economies of North America and Europe, cheese has a relatively stable consumption pattern, largely because of the fact that cheese in these countries has attained the position of being a staple. Yogurt’s functional capabilities are making the product popular globally. In several regions, the beneficial bacteria in yogurt remain the driving factor. Drinkable yogurt has been one of the fastest growing food and beverage product categories worldwide, and exhibits immense growth potential for manufacturers to explore the segment further.
Going forwards, the dairy products market is expected to witness significant growth due to a wave of new product introductions, such as healthier and fortified items, and organic additives. In the global market, one trend that is gaining steam is the growing demand for organic products. This trend is being witnessed in almost all the segments of the dairy products market, particularly milk and cheese. Growing demand for such products is therefore expected to push up the momentum on innovation, as it will result in producers shifting focus from finding new supply sources towards product innovations. With reference to milk, butter, and cream that are increasingly acquiring the status of commodities, except for certain amount of improvisation in the form of flavoring, most of the demand for these products is in the basic form. However, the demand drivers of these categories include new packaging and repositioning of brands. The market for these products will be determined by enhanced portability, smaller volume packages, indulgence promotion through premium positioning, and value addition.
Major players profiled in the report include Agropur Cooperative, AMUL, Arla Foods amba, Dairy Farmers of America Inc., Danone, Dean Foods Company, Parmalat S.P.A., Fonterra Group Cooperative Limited, Groupe Lactalis SA, Kraft Foods Inc., Megmilk Snow Brand Co. Ltd., Meiji Dairies Corporation, Nestle SA, Royal FrieslandCampina, SanCor Cooperativas Unidas Limitada, Saputo Inc., and Unilever N.V, among others.
The research report titled "Dairy Products: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the global dairy products market, current trends, growth drivers, key issues, detailed product segment analysis, production, export and import statistics, strategic corporate initiatives, product introductions, and profiles of major and niche global and regional companies. The report provides market estimates and projections (in US$) for product segments, such as Fluid Milk; Milk Powder; Butter; Cheese; Ice Cream and Related Products; Yogurt and Related Products; and Cream. Key geographic markets analyzed include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East and Latin America. Market size estimates and forecasts are provided for the years 2010 through 2018. Also, historic analysis is provided for the years 2004 through 2009.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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