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Global Dairy Food Market Poised for $88.1 Billion Growth by 2028

World 16.10.2024
Source: DairyNews.today
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According to Technavio, the Global Dairy Food Market is expected to witness robust growth, adding $88.1 billion in incremental revenue from 2024 to 2028. The market is projected to expand at a CAGR of 2.09% over this period, with significant contributions from the Asia-Pacific (APAC) region, which is anticipated to account for 46% of this growth.
Global Dairy Food Market Poised for $88.1 Billion Growth by 2028

The rise in health-conscious consumer behavior is propelling demand for dairy products, particularly through online retail channels. E-commerce platforms like Amazon, BigBasket, and Natures Basket are capitalizing on this trend, providing consumers with the convenience of competitive pricing, bulk purchase options, and home delivery. Additionally, the market’s fragmented structure, with multiple players, supports a diverse array of dairy products such as milk, yogurt, cheese, spreads, and ice creams, increasingly marketed for their nutritional value.

Key trends include a growing emphasis on lactose-free and premium dairy products, along with sustainability-focused production methods to mitigate labor shortages and address milk supply challenges. Innovations by major players like Fonterra, Danone, and Arla Foods underscore the sector's commitment to enriched dairy offerings, featuring added vitamins, bioactive peptides, and probiotics. Furthermore, while plant-based alternatives gain traction, traditional dairy continues to hold a dominant position, supported by strong sales in supermarkets, hypermarkets, and online retail.


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