Dairy Market Growth, Share, Size, Price, Analysis 2020-2025 | ExpertMarketResearch.Com
The dairy industry is a corporation dealing with the processing and procurement of animal milk. The industry procures milk from animals like cow, horse, buffalo, camel, as well as sheep.
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The key highlights of the report include:
The primary factor in the growth of this market is the growing demand for milk and food ingredients. This can be attributed to the population growth, rising wages, health consciousness, and the thriving food and drink industry. The integration of automation technologies in dairy farms is another major development in the industry. Farmers now have easier access to modern technologies that help quantify information, including in the management of grass and herd.
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Industry Definition and Major Segments
Based on products, the market can be segmented into:
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An essential growth-inducing factor for the global dairy market is the increasing preference for organic and clean label goods, which are free of additives, artificial preservatives, or chemicals. Technological advancements in the dairy industry are expected to drive the market further. The rising adoption of production methods, including sensors, robots, drones, data processing, and digital technology, is further influencing the market positively.
Key Market Players
The major players in the market are Nestle S.A, Danone S.A., Lactalis Group, Dairy Farmers of America, Inc, Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Arla Foods amba, Saputo Inc., Inner Mongolia Yili Industrial Group Co Ltd, China Mengniu Dairy Company Limited, and Dean Foods Company, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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