According to the latest report by IMARC Group, titled “Dairy Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global dairy snacks market reached a value of US$ 214.8 Billion in 2021. Looking forward, the market expected to reach US$ 302.5 Billion by 2027, exhibiting at a CAGR of 6% during 2022-2027.
Dairy snacks are small meals that are predominantly made up of milk. These snacks are rich in essential nutrients, such as calcium, magnesium, selenium, riboflavin, pantothenic acid, and vitamin B12 and B5. As the prominence of plant-based diets continues to grow, dairy snacks are evolving to fit the needs of consumers that are looking for healthier options. These snacks are not only a delicious way to enjoy a snack, but they also offer multiple health benefits. A majority of these products are essential for growth as they help meet the daily recommended intake of vitamins and minerals.
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Dairy Snacks Market Trends and Drivers:
The global market is primarily driven by the increasing consumption of ready-to-eat (RTE) milk products. In line with this, various dairy snacks, such as ice creams, cheese, and yogurts, are continuously witnessing a considerable demand among the young population, which, in turn, is contributing to the market expansion. This has also led to offering growth opportunities for manufacturers to introduce innovative dairy products, including variants with powdered ingredients for a longer shelf life. Furthermore, rapid innovations in manufacturing practices, such as the development of soy milk and gluten-free products, are creating a positive outlook for the market. Apart from this, the rising demand for a protein-rich diet due to the growing health consciousness among consumers is positively influencing the product demand. Moreover, the escalating popularity of craft and artisanal cheese products due to their nutritional content is catalyzing the growth of the market. Besides this, the easy availability of dairy snacks through various distribution channels is favoring the market growth. Additionally, rapid urbanization and the growing demand for protein-fortified foods and beverages are strengthening the market.
Dairy Snacks Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Arla Foods Ingredients Group
- Dairy Farmers of America Inc.
- Danone S.A.
- Fonterra Co-operative Group Limited
- Friesland Campina
- Lactalis International
- Megmilk Snow Brand Co.Ltd
- Meiji Holdings Co. Ltd.
- Nestle S.A
- Organic Valley
- The Kraft Heinz Company
- Unilever PLC.
The report has segmented the market on the basis on region, type, nature, distribution channel and end use.
Breakup by Type:
- Ice Cream
Breakup by Nature:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Breakup by End Use:
- Foods and Beverages Industry
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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