Wilmington, Delaware, May 29, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Dairy Market By Type (Milk, Cheese, Yogurt, Butter, Cream, Others), By End User (Commercial, Residential), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, B2B, E-Commerce): Global Opportunity Analysis And Industry Forecast, 2023-2032: Global Opportunity Analysis and Industry Forecast, 2023-2032. According to the report, the global Dairy industry generated $883.2 billion in 2022 and is anticipated to generate 1.
5 trillion by 2032, witnessing a CAGR of 5.1% from 2023 to 2032. Download PDF Brochure: Prime determinants of growth The demand for protein continues to rise, this is attributed to rising consumer awareness towards their health.
Dairy products are a rich source of essential nutrients like calcium, protein, and vitamins. An increasing awareness of the nutritional benefits of dairy is driving consumer demand for these products, especially in regions where dietary diversity may be limited. However, the rising demand for plant-based products such as soy milk, almond milk are hampering the market growth of dairy products.
The increasing demand for "clean label" products, where consumers seek dairy items with minimal additives, preservatives, and natural ingredients is rising in the market. Report coverage & details: The milk segment to maintain its leadership status throughout the forecast period. Based on type, the milk segment held the highest .
