Dairy Foods Market to Register a CAGR worth 6.39% by 2028: Britannia Unveils Milk Magic Brand to Augment Product Portfolio

The global dairy foods market size was USD 708.70 billion in 2020. The market is projected to grow from USD 771.35 billion in 2021 to USD 1,190.39 billion in 2028 at a CAGR of 6.39% during the 2021-2028 period.

This information is provided by Fortune Business Insights, in its report, titled, “Dairy Foods Market Size, Share & COVID-19 Impact Analysis, By Source (Cattle, Sheep, Goat, and Camel), Type (Lactose and Lactose-free), Product Type (Milk, Cheese, Butter, Dessert, Yogurt, and Others), Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online Retail), and Regional Forecast, 2021-2028.”

According to our expert analysts, the promptly developing food and foodservice industry with novel arrangements is projected to further amplify the demand for milk and other products such as ice creams, desserts, as well as flavored dairy beverages.

COVID-19 Impacts:

Demand & Supply Imbalance of Dairy Products to Hinder Market amid COVID-19 Pandemic

The dairy industry has perceived an abrupt disorder amid the outbreak of the COVID-19 pandemic owing to the principal modification in demand dynamics. The country-wide lockdowns in several established as well as evolving nations also blocked the foodservice and hospitality industry, which has noticeably deteriorated the demand for milk and other dairy products.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/dairy-foods-market-103890

Lactalis Ingredients Unveils Skimmed Milk Powder for Condensed Milk

Lactalis Ingredients presented a high heat, heat stable (HHHS), Skimmed Milk Powder (SMP) for condensed milk producers in search of SMP for their processes or usage. As per Lactalis Ingredients, ingestion of evaporated milk and sweetened condensed milk endures to grow and is anticipated to document a 2% average yearly growth from the year 2019 to 2024.

Drivers and Restraints:

Growing Prominence on Dairy Proteins to Help Business Development

The developing trend of numerous protein-enriched diets for weight managing and complete upkeep of health powers the demand for dairy-based products. Dairy products are linked with complete and wholesome amino acid profiles, refining overall health and immunity. The surging population following a vegetarian diet also drives the demand for dairy proteins to recompense for the necessity of proteins in the diet. This is estimated to bolster the dairy foods market growth during the mentioned timeframe.

Competitive Landscape:

Mergers among Companies to Strengthen Their Brand Values in Market

All the fundamental players in the market are continuously rooting for effective approaches to promote their products and establish their positions in the market. One such operative strategy is to unveil new products by collaborating with other key companies in order to extend their reach regarding end-users.

Industry Developments:

• August 2019- Britannia has unveiled milk magic brand, which is a B2C brand for dairy products. Through this brand, the company is focusing on fortifying their product portfolio involving paneer, butter, as well as cheese in India.

List of Key Players Mentioned in the Dairy Food Market Report:

• Fonterra Co-operative Group Limited (Auckland, New Zealand)


• Royal Friesland Campina N.V. (Amersfoort, Netherlands)


• Danone S.A. (Paris, France)


• Nestle S.A. (Vevey, Switzerland)


• Dairy Farmers of America, Inc. (Kansas, U.S.)


• Lactalis International (Laval, France)


• Arla Foods Group (Viby, Denmark)


• DuPont de Nemours, Inc. (Delaware, U.S.)


• Unilever Plc (London, U.K.)


• The Kraft Heinz Company (Illinois, U.S.)

Further Findings:

Based on the source, the segment includes cattle, sheep, goat, and camel. The ample availability of cattle milk as compared to other sources primarily drives the segmental growth.

Asia Pacific endures to hold the largest dairy foods market share owing to the growing demand for clean-label and sustainable milk and dairy products from developing countries such as India, Australia, China, and Japan.

Table of Segmentation: