Global industry analysts predict global dairy market to reach $ 569.4 billion by 2026
SAN FRANCISCO, September 23, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Dairy products – Trajectory and analysis of the world market”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 18; Posted: April 2021
Executive pool: 7777
Companies: 2072 – Actors covered include Agropur CoopÃ©rative; Arla Foods amba; Dairy Farmers of America Inc .; Danone; Dean Foods Company; Fonterra Co-Operative Group Limited; Gujarat Milk Marketing Cooperative Federation Ltd .; Megmilk Snow Brand Co. Ltd .; Meiji Co. Ltd .; NestlÃ© SA; SPA Parmalat; Royal FrieslandCampina NV; SanCor Cooperativas Unidas Limitada; Saputo inc .; Savencia Fromage & Laiterie; The Kraft Heinz Company; Unilever NV et al.
Blanket: All major geographies and key segments
Segments: Type (milk, cheese, yogurt, dessert, butter, powdered milk, cream, other types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global dairy market to reach $ 569.4 billion by 2026
Amid the COVID-19 crisis, the estimated global dairy market US $ 458.1 billion in 2020, is expected to reach a revised size of US $ 569.4 billion by 2026, with a CAGR of 3.6% over the analysis period. Milk, one of the segments analyzed in the report, is expected to register a CAGR of 3.1% and reach 172.5 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Cheese segment is readjusted to a revised CAGR of 3% for the next 7 year period.
The US market is estimated at $ 127.5 billion in 2021, when China is expected to reach $ 115.7 billion by 2026
The market for dairy products in the United States is estimated at US $ 127.5 billion in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 115.7 billion by 2026, with a CAGR of 6.4% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 1.1% and 2.7% respectively over the analysis period. In Europe, Germany is expected to grow by about 1.8% CAGR.
Yogurt segment to reach 72.7 billion US dollars by 2026
In the global Yoghurt segment, United States, Canada, Japan, China and Europe will lead to the estimated 4.1% CAGR for this segment. These regional markets representing a combined market size of US $ 41.6 billion in 2020 will reach a projected size of US $ 55 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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About Global Industry Analysts, Inc. and StrategyR â¢
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influencer-focused market research company in the world. Proudly serving more than 42,000 clients in 36 countries, GIA has been recognized for its accurate forecasting of markets and industries for more than 33 years.
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Global Industry Analysts, Inc.
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