Dairy Market by Product Type (Fluid Milk, Flavoured Milk, Drinkable Yogurt, Cheese, Ice-Cream, UHT Milk, Milk Powder, Others), by Distribution Channel (Specialty Retailers, Hypermarkets/Supermarkets, Convenient Stores, Online Channels, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Dairy Market size was valued at USD 892.3 USD Billion in 2023 and is projected to reach USD 1263.95 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Milk is liquid food used to produce several kinds of dairy products differently characterized by their properties and uses. They include milk, cheese, yogurt, butter and cream which are examples of Milk. Milk is a main ingredient for nearly all kinds of dairy products and provides hydration as well as nutrients. Cheese being a product derived from curdling and aging is used in foods to provide the much-needed texture and flavour. Serum: Yogurt is specifically cultured to enhance digestion and it delivers the useful, beneficial bacteria, known as probiotics. From cream, butter is churned out, and is widely useful in baking and cooking due to its flavour. Cream with different fat content is used in dessert and sauce preparation. These dairy products belong to cooking and food preparation, cuisines, nutritional needs, and food processing technological processes.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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