The global dairy snacks market is projected to grow at a CAGR of 4.8% during the forecast period (2020-2026). The key factors that drive the growth of the market include the rising demand for ready meals or on-the-go snacks along with a continuous change in consumer preferences. With an increase in urban working culture and fast-paced lifestyles, there is limited time available for cooking and meal preparation, owing to which processed foods such as ready-to-eat products have become popular, majorly in urban areas. Dairy snacks such as flavored milk drink aids in enhancing the mood levels of the consumers and elevate their energy levels. Besides, it helps in gaining body fats, thus leading to an improved body mass ratio. Hence, owing to such benefits offered by dairy snacks, the market is likely to witness over the forecast period.
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Furthermore, owing to the increasing disposable income, rising awareness regarding healthy snacks, rising launches of innovative snacks, and expansion of global snack manufacturers across the globe are some other factors that tend to drive the growth of the global dairy snacks market over the forecast period. Moreover, rising awareness regarding protein-enriched products has also increased the adoption of dairy-based products, which in turn, has contributed to the growth of the market over the forecast period. However, the factor that limits the growth of the market includes increasing lactose intolerance among the consumers and a shift to non-dairy products.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Dairy Snacks Market by Product
- Cheese
- Yogurt
- Ice cream
- Others
Global Dairy Snacks Market by Distribution Channel
- Retail &Supermarkets
- Online Distribution Channel
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Almarai Co.
- Arla Foods Group
- Califia Farms, LLC
- China Mengniu Dairy Co., Ltd.
- Dairy Farmers of America Inc.
- Danone SA
- Fage International S.A.
- Fonterra Group Cooperative Ltd.
- General Mills Inc.
- Gujarat Cooperative Milk Marketing Federation Ltd (Amul)
- Lactalis Group
- Megmilk Snow Brand Co. Ltd.
- Meiji Holdings Co. Ltd.
- Mondelez International Inc.
- Nestle SA
- Parmalat SpA
- Royal Friesland Campina NV
- Sancor Cooperativas Unidas Ltd.
- Saputo Inc.
- Schreiber Foods Inc.
- The Bel Group
- The Coca-Cola Co.
- Unilever Plc
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global dairy snacks market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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