The dry, condensed, and evaporated dairy products market size is expected to see strong growth in the next few years. It will grow to $150.99 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to health-conscious consumer preferences, sustainability and ethical practices, clean label and natural ingredients, global market expansion, digital marketing and e-commerce. Major trends in the forecast period include lactose-free and dairy-free options, functional and fortified products, alternative milk powders, flavored and instant varieties, customized and specialty products.
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Scope Of Dry, Condensed, And Evaporated Dairy Products Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Dry, Condensed, And Evaporated Dairy Products Market Overview
Market Drivers –
The increasing demand for local, sustainable, and organic food production is expected to positively impact the dry, condensed, and evaporated dairy product manufacturing market during the forecast period. Organic food products, including dry, condensed, and evaporated dairy products, place a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. For instance, in June 2022, the Organic Trade Association, a US-based trade association representing over 9,500 organic businesses, sales of organic fruits and vegetables increased by 4.5% with revenue of $21 billion representing 15 percent of the total product market in the year 2021 in the US. This growing demand for organic products offers considerable opportunities for dry, condensed, and evaporated dairy product producers in both developed and developing countries, which is likely to drive the market during the forecast period.
Market Trends –
The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.
The dry, condensed, and evaporated dairy products market covered in this report is segmented –
1) By Type: Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By End Use: Food, Beverages, Intermediate Products, Condiments, Other End Users
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Regional Insights –
Western Europe was the largest region in the dry, condensed, and evaporated dairy products market in 2023. Asia-Pacific was the second-largest region in the dry, condensed, and evaporated dairy products market. The regions covered in the dry, condensed, and evaporated dairy products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the dry, condensed, and evaporated dairy products market include Kerry Group plc, Tate & Lyle plc, Rhodes Food Group, Nestlé S.A, The J.M. Smucker Company, Gcmmf Ltd., Magnolia Inc., Goya Foods Inc., Fonterra USA Inc., Darigold, Prairie Farms Dairy Inc., Crystal Creamery, Milk Specialties Company, Merrick’s Inc., PBM Covington LLC, Lactalis American Group Inc., Schreiber Foods Inc., Saputo Inc., Glanbia plc, Dairy Farmers of America Inc., Hiland Dairy Foods Company LLC, Borden Dairy Company, Foremost Farms USA Cooperative, Land O’Lakes Inc., Leprino Foods Company, Agropur Cooperative, Associated Milk Producers Inc., California Dairies Inc., First District Association, Great Lakes Cheese Co Inc., Kraft Heinz Ingredients, MCT Dairies Inc., Michigan Milk Producers Association, Pacific Cheese Co Inc., Tillamook County Creamery Association.
Table of Contents
1. Executive Summary
2. Dry, Condensed, And Evaporated Dairy Products Market Report Structure
3. Dry, Condensed, And Evaporated Dairy Products Market Trends And Strategies
4. Dry, Condensed, And Evaporated Dairy Products Market – Macro Economic Scenario
5. Dry, Condensed, And Evaporated Dairy Products Market Size And Growth
…..
27. Dry, Condensed, And Evaporated Dairy Products Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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