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, IMARC Group expects the market to reach US$ 302.5 Billion by 2027, exhibiting at a CAGR of 6% during 2022-2027.
Dairy snacks are dairy-based products rich in essential nutrients like calcium, vitamins B12 and B5, magnesium, pantothenic acid, and riboflavin. Some commonly consumed dairy snacks include cheese, yogurt and ice cream. Dairy snacks offer numerous health benefits, such as reducing the risk of type 2 diabetes, colorectal cancer, and non-communicable diseases (NCDs) like osteoporosis, if consumed in moderation. As a result, dairy snacks have gained popularity as a nutritional snacking option.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global dairy snacks market is primarily driven by the escalating demand for convenient and on-the-go snacks due to changing dietary patterns, hectic lifestyles and elevating incomes. Additionally, the growing awareness regarding the benefits of dairy snacks and the importance of adopting a healthy lifestyle has augmented product demand. Furthermore, the shifting consumer preferences toward high-value foods and several product innovations like the introduction of lactose-free and low-calorie variants have bolstered the market growth. Other factors, including the emerging trend of healthy snacking, increasing health consciousness among consumers and growing popularity of high protein food products, are also anticipated to impel the market growth.
Breakup by Type:
Cheese
Yogurt
Ice Cream
Others
Breakup by Nature:
Organic
Conventional
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Convenience Stores
Specialty Stores
Online Stores
Others
Breakup by End Use:
HoReCa
Foods and Beverages Industry
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
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
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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