Dairy Snacks Market Growth Analysis Report 2020-2025:
Dairy Snacks Market value is estimated to experience reasonable growth and record an annual growth rate of 5.14% throughout the foreseen period 2021-2026.
Snack sales are on the rise and almost all segments of the food and beverage industry are experiencing exponential growth, as well as a continuous change in consumer preferences. Dairy snacks, like flavored milk beverages, help elevate consumers' mood and boost their energy level. The growing demand for ready-to-eat food is on the market. Flavored milk, a type of dairy snack, helps to gain body fat, leading to a better body mass ratio. Dairy snacks help improve consumers' physical performance and can help fight depression. Flavor, ingredients, convenience, and price are the most influential factors driving the demand for dairy snacks.
Recent Developments
Market Drivers and Restraints:
The increasing popularity of protein fortified foods and beverages has led to increased awareness among consumers to become more aware of the health benefits associated with a diet rich in dairy products. The rising population, urbanization, and increasing need for dairy products in intake of food products are foreseen to accelerate the call for dairy snacks. Increasing innovations in the industry are helping to reduce production costs and incorporate additional benefits into products is also a major driver for the global dairy snack market. However, the increase in lactose intolerance among consumers and the switch to non-dairy products are holding back the growth of this market. The increasing popularity of vegan trends is another limitation for this market.
Market Segmentation:
The global dairy snack market can be categorized on the basis of nature, product type, distribution channel, and geography.
Depending on the type of product, the Dairy Snack can be divided into lactose-free milk, ice cream, buttermilk, butter, yogurt, cheese, and others.
Based on end use, the dairy snack market is segmented into HoReCa, the beverage industry, and the food industry. The beverage industry has a maximum market share.
Based on nature, the global dairy snack market can be divided into Conventional and organic. The consumption of organic snacks is increasing among the health-conscious population, as it contributes to maintaining a healthy lifestyle.
The dairy snack market is further segmented by distribution channel into indirect and direct channels.
Impact of COVID-19 on Dairy Snacks Market
COVID-19 has affected almost every country in the world. Some countries are seriously affected, while others have managed to control the spread by implementing blockade measures and maintaining social distance. The food & beverage sector witnessed huge impact with the coronavirus and it is touted to take considerable time to recover from this. The growing consumer demand for healthy products and meat alternatives is likely to improve the sales of dairy snacks in the coming years.
Regional Analysis:
The Global Dairy Snacks Market has been divided by region into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Europe dominates the world market for dairy snacks. Germany, France and the United Kingdom are the main markets in this region. However, growth in this region is slowing down due to increased lactose intolerance among consumers. On the other hand, the Asia-Pacific region is touted to be the fastest-growing market during the forecast period, owing to the increase in population, the growing middle class, rising income levels, increased awareness brand and westernization. The Middle East and Africa area is also projected to progress throughout the outlook period. The current trend owing to increasing urbanization and the growth of the middle class population with disposable income will stimulate the market.
Leading Company
Nestle SA had the largest share of the Dairy Snacks Market in terms of sales and revenue in 2019.
Key Players
The Dairy Snacks Market is concentrated with key players such as Sancor Cooperativas Unidas Limited, Nestle SA, Friesland Campina, Blue Bell Creameries, Organic Valley, Fonterra Group Cooperative Limited, Groupe Lactalis SA, Unilever, Amul, Parmalat S.p.A, Kraft Foods, and others
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Dairy Snacks Market, By Product Type
6.1.1 Lactose-Free Milk
6.1.2 Ice Cream
6.1.3 Buttermilk
6.1.4 Yogurt
6.1.5 Cheese
6.1.6 Butter
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Dairy Snacks Market, By End-User
6.2.1 Food Industry
6.2.2 Beverage Industry
6.2.3 HoReCa
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Dairy Snacks Market, By Distribution Channel
6.3.1 Indirect
6.3.2 Direct
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Dairy Snacks Market, By Nature
6.4.1 Conventional
6.4.2 Organic
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product Type
7.2.3 By End-User
7.2.4 By Distribution Channel
7.2.5 By Nature
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product Type
7.3.3 By End-User
7.3.4 By Distribution Channel
7.3.5 By Nature
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By End-User
7.4.4 By Distribution Channel
7.4.5 By Nature
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product Type
7.5.3 By End-User
7.5.4 By Distribution Channel
7.5.5 By Nature
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product Type
7.6.3 By End-User
7.6.4 By Distribution Channel
7.6.5 By Nature
8. Key Player Analysis
8.1 Sancor Cooperativas Unidas Limited
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Nestle SA
8.3 Friesland Campina
8.4 Blue Bell Creameries
8.5 Organic Valley
8.6 Fonterra Group Cooperative Limited
8.7 Groupe Lactalis SA
8.8 Unilever
8.9 Amul
8.10 Kraft Foods
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
