Dairy Products Market to Grab the Largest Market Share by 2019: TMR
Dairy products industry is one of the most dynamic markets globally. Growing health concerns due to consumption of non-vegetarian foods has prompted consumers to go for vegetarian foods and dairy products. Dairy products include a very broad range of products such as cheese, yoghurt, butter, buttermilk, ice cream, lactose free milk, cream and frozen desserts among others.
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A 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 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.
With the introduction of the functional dairy products, diary industry is expected to witness robust growth during the years to come. New product introductions in the ice cream, frozen dessert, yoghurt and cheese sectors have attracted a large group of consumers thereby boosting the dairy products market. In addition, launch of innovative dairy products such as organic, vitamin enriched and ready-to-eat convenient foods has propelled the dairy products market growth. On the other hand, reduced milk trade between countries is expected to hinder the progress of global dairy products market in the near future. The dairy products market in Asia Pacific and Latin America is expected to exhibit healthy growth in the near future. Europe is the leading producer and consumer of processed dairy products, such as cheese, butter, yogurt, and yellow fats category products.
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 key players in dairy products market include Amul, Danone, Arla Foods UK Plc., Dairy Farmers of America Inc., Parmalat S.P.A, Dean Foods Company, Groupe Lactalis SA, Fonterra Group Cooperative Limited, Kraft Foods, Inc., Meiji Dairies Corp., Megmilk Snow Brand Co. Ltd., Nestle SA, Sancor Cooperativas Unidas Limited, Royal FrieslandCampina N.V., and Unilever N among others.