Dairy Snacks Market Size to Reach US$ 321.8 Billion, Globally, by 2028 at 5.85% CAGR

PRESS RELEASE
Published March 15, 2023

 According to the latest report by IMARC Group, titled Dairy Snacks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global dairy snacks market size reached US$ 227.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 321.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028.

Market Overview:

Dairy snacks are made from milk products, such as cheese, ghee, yogurt, butter, and ice cream. They are a rich source of essential nutrients, such as calcium, magnesium, selenium, riboflavin, and vitamins A, D, B12, and B5. They are widely available in different sizes, shapes, colors, and flavors to attract a wide consumer base. They assist in improving the physical appearance, boosting energy levels, maintaining strong bones, and enhancing digestive health. Besides this, dairy snacks aid in decreasing the risk of type 2 diabetes, colorectal cancer, osteoporosis, and various chronic diseases among individuals.

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Dairy Snacks Market Trends and Drivers:

At present, the rising demand for ready-to-eat (RTE) dairy snacks due to busy lifestyles and hectic working schedules of individuals represents one of the primary factors contributing to the growth of the market. Besides this, the increasing consumption of dairy snacks among the masses due to the rising awareness about the benefits of dairy products is strengthening the growth of the market. Apart from this, various benefits offered by dairy snacks, such as high-quality protein, calcium, and convenience, are positively influencing the market. Moreover, the wide availability of dairy snacks through various distribution channels, such as hypermarkets, supermarkets, and convenience and online stores, is bolstering the growth of the market. Furthermore, key manufacturers are introducing low-calorie and lactose-free dairy snacks on account of the growing health consciousness among consumers, which is offering a positive market outlook.

Dairy Snacks Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

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:

  • 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
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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