Strategic Assessment of Worldwide Dairy Snacks Market – Forecast Till 2023- Market Data Forecast


Posted December 24, 2018 by BasavaKumar

Dairy Snacks Market By Type (Cheese, Yogurt, Butter, Buttermilk, Ice Cream, Lactose Free Milk And Others), By Taste(Sweet And Sour)

 
Dairy Snacks Market Overview

Snacks sales are on growing and almost all segments in the food & Beverage sector are experiencing an exponential extension rate along with a continuous change in consumer preferences. Increasing demand for dairy snacks in emerging countries coupled with the launch of fresh snacks variants has resulted in an increased demand for global dairy snacks during the forecast period. Dairy Snacks, such as flavored milk drink benefits in elevating the mood of the consumers and improves their energy levels. Increasing demands of ready to go food are trending in the market. Flavored milk, a type of Dairy Snack, aids in earning of body fats thus leading to the improved body mass ratio. Dairy Snacks help in increasing physical performance of the consumers and can help in fighting depression. Taste, ingredients, convenience, and price represent the various influential factors that determine the demand for Dairy Snacks.

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Primary factors accounted for driving the market are rising disposable income, the introduction of various flavors attracting all categories of consumers, a gradual shift of consumers towards dairy products and product innovation creating sugar-free as well as no lactose-free variants. Though, stringent government regulations increasing lactose intolerance are the factors hindering the growth of the market.

Dairy Snacks Market Report (2018-2023)

The market is set to expand rapidly in the near future.

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Dairy Snacks Market Segmentation

The Global market for Dairy Snacks is classified based on Type, Taste and Distribution Channel. Based on Type it is segmented into Cheese, Yogurt, Butter, Buttermilk, Ice cream, Lactose-Free Milk and Others. Non Based on Taste is segmented as Sweet and Sour. Based on Distribution Channel it is classified into Supermarkets, Convenience Stores, Grocery Stores, Online and Others. Based on the geographical analysis, the market is segmented into regions of North America, Latin America, Europe, the Middle East, and Africa and the Asia Pacific. Europe holds the primary share in the market due to the presence of market leaders as well as a huge population of Dairy Snacks consuming individuals. The Asia Pacific is the fastest growing region due to rising demand and product innovation and growing disposable income. Ice Creams are the widespread dairy snack product in terms of both volume as well as market share due to universal love for ice creams while yogurt snack products are the fastest growing due to developing consumer preference for probiotic and prebiotic yogurt drinks and flavored yogurt. Based on Distribution channel supermarkets carry the major share in the market while online retails are anticipated to grow the fastest.

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Major Players

Some of the major companies operating in the current Market are

Amul, Arla Foods UK Plc.,
Blue Bell Creameries,
Breyers, Dairy Farmers of America Inc.,
Danone, Dean Foods Company,
Nestle SA,
Fonterra Group Cooperative Limited,
Kraft Foods


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Last Updated December 24, 2018