Global Dry, Condensed, And Evaporated Dairy Products Market Major Players 2024, Forecast To 2033
10 Jan, 2024
The market for dry, condensed, and evaporated dairy products has experienced strong growth, increasing from $113.09 billion in 2023 to $120.16 billion in 2024, with a CAGR of 6.3%. Contributing factors include dairy farming, extended shelf life, global dairy production, military and emergency supplies, and global export and trade. The market is expected to see continued strong growth, reaching $150.99 billion in 2028, with a CAGR of 5.9%. Key drivers include health-conscious consumer preferences, sustainability and ethical practices, clean label and natural ingredients, global market expansion, and the adoption of digital marketing and e-commerce. Noteworthy trends include the development of lactose-free and dairy-free options, the production of functional and fortified products, the introduction of alternative milk powders, and the availability of flavored and instant varieties, along with a focus on customized and specialty products.
Global Dry, Condensed, And Evaporated Dairy Products Market Key Driver
The increasing preference for local, sustainable, and organic food production positively influences the market for dry, condensed, and evaporated dairy product manufacturing. Organic food products, emphasizing health and environmental protection, are gaining popularity. The Organic Trade Association reports a 4.5% increase in organic fruit and vegetable sales in the US, reflecting consumer willingness to pay more for healthy and recognizable products.
Get A Free Sample Of The Global Dry, Condensed, And Evaporated Dairy Products Market ReportGlobal Dry, Condensed, And Evaporated Dairy Products Market Segments
The dry, condensed, and evaporated dairy products market covered in this report is segmented –
1) By Type: Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By End Use: Food, Beverages, Intermediate Products, Condiments, Other End Users
By Geography: The regions covered in the dry, condensed, and evaporated dairy products market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Western Europe was the largest region in the dry, condensed, and evaporated dairy products market in 2023. Asia-Pacific was the second-largest region in the dry, condensed, and evaporated dairy products market. The regions covered in the dry, condensed, and evaporated dairy products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Dry, Condensed, And Evaporated Dairy Products Industry Players
Kerry Group plc, Tate & Lyle plc, Rhodes Food Group, Nestlé S.A, The J.M. Smucker Company, Gcmmf Ltd., Magnolia Inc., Goya Foods Inc., Fonterra USA Inc., Darigold, Prairie Farms Dairy Inc., Crystal Creamery, Milk Specialties Company, Merrick's Inc., PBM Covington LLC, Lactalis American Group Inc., Schreiber Foods Inc., Saputo Inc., Glanbia plc, Dairy Farmers of America Inc., Hiland Dairy Foods Company LLC, Borden Dairy Company, Foremost Farms USA Cooperative, Land O'Lakes Inc., Leprino Foods Company, Agropur Cooperative, Associated Milk Producers Inc., California Dairies Inc., First District Association, Great Lakes Cheese Co Inc., Kraft Heinz Ingredients, MCT Dairies Inc., Michigan Milk Producers Association, Pacific Cheese Co Inc., Tillamook County Creamery Association
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Dry, Condensed, And Evaporated Dairy Products Market Overview
Dry dairy products are manufactured by converting dairy products into a dry powder requires removing nearly all water by methods such as spray drying; drum drying and others. A condensed dairy product is formed by removing 60% of the water from the dairy product. Evaporated dairy products are made through the process of removing water from dilute liquid foods to obtain a product with a desired solid concentration.
Dry, Condensed, And Evaporated Dairy Products Global Market Report 2023 provides data on the global dry, condensed, and evaporated dairy products market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The dry, condensed, and evaporated dairy products market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.