San Jose, California (PRWEB) March 17, 2008
The worldwide dairy products market is projected to exceed US$305 billion by 2010. Factors such as growing significance of value-added products, advent of innovative packaging, marketing in niche areas, development of strong brands, desire for premium products, and trade liberalization are contributing to the rising demand for dairy products across the world. Stringent regulations related to processing practices and packaging, changing eating habits with emphasis on nutrition, and rising demand for organic products are the other key factors driving market expansion.
The US, Europe and Asia-Pacific regions together account for more than 70% share of the global dairy products market, as stated by Global Industry Analysts, Inc. Burgeoning middle class with expanding disposable incomes, particularly in developing countries, and changing dietary patterns are key factors driving the demand for milk and other processed dairy products. Asia-Pacific is projected to be the fastest growing regional market over the period 2001-2010.
Europe is the largest market for dairy products worldwide, with an estimated 42% of the worldwide market in 2007. In Europe, cheese market accounted for more than 50% of the sales in the region for 2007. In the relatively mature markets of US and Western Europe, growth is primarily anticipated from enhanced demand for exotic cheeses and products with innovative tastes and flavors. Although developed regions continue as leading regions for dairy consumption, the decline in population and per capita consumption has brought down the pace of growth in these regions. However, the high-income regions continue to drive demand for premium-priced valued added dairy products across the world.
The fluid milk market is projected to capture the largest share of the United States market, with sales totaling US$23 billion by 2010. In North America, the production of fluid milk reaches its peak during early summer and late spring seasons due to favorable factors such as ideal temperature, improved quality of forage and greener pastures.
In Asia-Pacific, yogurt market is projected to register the highest compound annual growth rate of 5.6% for the period 2001-2010. Yogurt is emerging as the new profitable sector for dairy companies in China.
Regional fragmentation is the most striking aspect of the dairy industry given that dairy products have short shelf life. The extent of fragmentation in the worldwide market can be judged by the fact that the leading ten players account for a mere one-fourth share of the total sales. The intensely competitive worldwide dairy products market is currently witnessing a spate of mergers and acquisitions, as players seek to consolidate their positions through alliances or takeovers of smaller or regional manufacturers.
The report titled "Dairy Products: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and issues, drivers, challenges, product profile, players, competitive landscape, new product introductions, recent developments, mergers, acquisitions, alliances and other strategic industry activities. The study analyzes recent past, current and future market data and analytics over the period 2001-2010, historical data (1991-2000) and long-term projections (2011-2015) for regions including the United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America. Segments analyzed in the study include Fluid Milk, Milk Powder, Butter, Cheese, Ice Cream and Related Products, Yogurt and Related Products, and Cream.
The report reviews major players in the global and regional players in the dairy products market including Agropur Cooperative, Arla Foods amba, Dairy Farmers of America, Inc., Dean Foods Company, Groupe Danone SA, Groupe Lactalis SA, Kraft Foods, Meiji Dairies Corporation, Nestle SA, Parmalat S.P.A., Sancor Cooperativas Unidas Limitada, Saputo, Inc. and Unilever NV.
For more details about this research report, please visit http://www.strategyr.com/Dairy_Products_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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