Global Dairy Products Market to Owe Growth to Innovation and Launch of Newer Products

Dairy Products1A new market intelligence study by Transparency Market Research presents a detailed overview of the global dairy products market. The report is titled “Global Dairy Products Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.” The report provides a comprehensive analysis of the growth drivers, factors challenging growth, trends, innovations, and projections of the market for the period from 2013 to 2019.

The dairy products market is one of the most active and successful markets across the globe. Traditionally, the dairy products market has been composed of a range of milk-based products such as processed milk, cheese, butter, and curd. However, the dairy product industry is now diversified and exploring newer milk-based items owing to changing consumer preferences and demand. Innovations in dairy products have resulted in the availability of items such as condensed milk, frozen desserts, buttermilk, cream, casein, ice-creams, yogurt, gelato, lactose-free milk, and homogenized milk.

The availability of a wide product range has helped the global dairy products market to grow significantly. The rising competition among manufacturers of dairy products has given rise to newer dairy products with attractive packaging. These products are now available in varying quantities as per the requirements of a consumer, thus encouraging sales.

The dairy products market is driven by an increasing awareness among consumers regarding the health benefits of consuming dairy products. The market is significantly expanding owing to the launch of innovative products such as vitamin-enriched food items, ready-to-eat convenient foods and organic dairy products. A rise in the disposable income of consumers has also led to the growth of the market, as more income typically translates to greater willingness to spend on lactose-based products, infant milk formula-based products, skimmed and whole milk powders, and casein-derived products.

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One of the factors that may hamper the growth of the global dairy products market is the reduction in milk trade between different countries. Meeting international standards for maintaining the quality of dairy products is also a challenge that the operators in the dairy products market face.

The report states that the global dairy products market in Asia Pacific and Latin America will grow significantly. Europe is currently the leading producer and consumer of dairy products such as butter, cheese, yellow fats, and yogurt.

Some of the leading players operating in the global dairy products market that have been profiled in the report are: Amul, Nestle SA, Danone, Megmilk Snow Brand Co. Ltd., Parmalat S.P.A, Dairy Farmers of America Inc., Unilever N, Royal FrieslandCampina N.V., Dean Foods Company, and Arla Foods UK Plc.