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Global Dairy Market to See Incredible Growth During 2018 – 2023

(CityRegions.Com, May 17, 2018 ) The global Dairy Market was at USD 413.8 billion in 2017 and is expected to register a decent growth rate during the forecast period. The global dairy sale has surpassed 192884 million Kg in 2017, with milk accounting for the largest category. The global dairy market observed a volume growth of 1.8% during the past five year.

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Asia-Pacific is the most significant market holding a market share of 42% in 2017 driven by growing appetite for dairy in India and China. EU, US, New Zealand, Australia, and Argentina are the primary dairy producing countries globally. China is the fastest growing dairy market witnessing a CAGR of 8.9%, during the forecast period. Affordability and expanding retail distribution, such as supermarkets/hypermarkets remains the key driver for emerging markets. Consumer interest in fermented dairy products owing to its digestive health benefits have become popular.

Organic the new Trend
The retail sale of conventional packaged milk observed a considerable decline in past five years which is expected to continue. However, the organic milk is growing at a faster rate. In the US alone, the retail Organic milk sale increased by 22% during 2010-2015, offering new growth in the category. Increased health awareness among consumers is the key driver for organic dairy sale. Organic milk is expected to gain tough competition from dairy alternative, such as almond, coconut milk owing to the healthier composition. Many multinational companies invested in organic milk production are shifting their concentration to other organic dairy products, such as cheese, butter, and powdered milk. Organic Valley, which is the largest farmers Organic cooperative in the US invested USD 16 million in plant expansion to convert organic milk into butter and skim milk powder.

Drinkable yogurt is the Fastest Moving Category
Rising consumer interest in the probiotic beverage as a result of its positive health effect drives the drinkable yogurt sale. Asia-Pacific remains the fastest growing drinkable yogurt market registering a CAGR of 13.6%, during the forecast period. Drinkable yogurt currently holds only 5% of the volume share, which is expected to gain 6,849 million Kg during the forecast period. Innovation in probiotic drinks by incorporating various flavors in convenient pack size is another major factor accelerating the sales. Yakult, Groupe Danone which are the famous drinkable yogurt brand in Asia are expanding its presence in the developed region. Changing dairy product consumption pattern, such as inclination towards cheese from butter in Asia continues to drive the market growth. Mozerella, cream cheese, parmesan and cheddar have a high demand due to increase traction for western cuisine such as pizza. Packaged milk sale accounts for over 70% of the global milk consumption by volume, which is moving at stable growth rate. China constitutes about half of the global urban population that are driving western style food & beverages. Increased urbanization is the further accelerates the milk demand. China, India, UK, and Japan are the key consumers of fresh milk that collectively surpassed 48,900 million Kg in 2017.UHT milk remains a significant category holding a volume share of 23% in the overall milk category. UHT milk sale is growing at a faster rate in developing countries owing to urbanization and increasing apartment culture despite its declining sales in the matured market.

Key Developments
May 2017 - Parag Milk Foods launched new mango drink in India, which is a combination of mango juice and milk. Compared to traditional milk beverages such as lassi, buttermilk, and plain flavored milk, fruit juice mix with milk has performed received large consumer acceptance. Companies are focusing on fruit based milk drink production as the demand for dairy based beverage is growing in emerging countries
October 2017 - Danone launched 100 percent natural yogurt range in France available in both natural and flavored version. The company is targeting to tap growing demand for clean label dairy products in France by reinventing its products range

The global Dairy Market is highly fragmented with large number of domestic and multinational player competing for market share. Companies focusing on new product launch with natural/organic claim as their key marketing strategy.


Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porters five forces analysis
Market dynamics scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Market value (USD Million) and volume (Kg Million) data for each segment and sub segment
Distribution Channel sales Analysis by Value
Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

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Some of Major Point From TOC

1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Market

2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation

3. Market Overview
3.1 Market Trends
3.2 Market Dynamics
3.2.1 Drivers Rising Demand for Fermented Dairy Products Affordability and Increased Adoption of Western Dairy Products Innovation in Product and Convenient Pack Demand
3.2.2 Restraints Fluctuating Commodity Prices Growing Demand for Dairy Alternative Products
3.2.3 Opportunities Growing Preference for Organic Dairy
3.2.4 Porter's Five Forces Analysis Bargaining Power of Suppliers Bargaining Power of Buyers Threat of New Entrants Threat of Substitute Products and Services Degree of Competition

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