(Food-Beverage-News.Com, September 18, 2018 ) The dairy market comprises establishments involved in manufacturing dairy products from raw milk and processed milk products, manufacturing dry, condensed, concentrated and evaporated dairy, and producing some dairy substitute products.
Diary market in this report is segmented into milk & butter, cheese, dry, condensed & evaporated diary product, ice cream & frozen desert.
The global dairy market has been growing in the past years with a CAGR of almost 4%. The year 2017 recorded growth in this market with a net market value more than 12% higher than that of 2013, as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the global dairy market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
The demand for clean label products is increasing rapidly owing to significant rise in awareness of healthy eating. Clean label dairy products do not contain additives, artificial flavor enhancers, dyes or artificial preservatives. Also, many food service and retail grocery store chains are stating lists of ingredients that cannot be present in food items in their stores or restaurants. According to a survey of 1,000 customers in the UK and Russia by Ingredion, 70% of consumers purchasing dairy and bakery products are aware of clean labels and the presence of clean labels influences their buying decisions and 30% of consumers are looking for
Companies included in the report are Nestle SA, Dairy Farmers of America, Fonterra Group Cooperative Limited, Danone, Arla Foods, FrieslandCampina, Yili, Saputo, Dean Foods, and Agropur.
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