Market Trends of dairy Industry
The consumption of milk and milk-related products is driven by increasing health-consciousness, awareness of nutritional benefits, and preference for organic and natural products.
- Consumption of milk and milk-related products is growing due to health-conscious consumers, along with awareness of the nutritional benefits of different dairy products. In 2022, the per capita consumption of the European dairy industry observed a growth rate of 1.35% compared to 2021. Consumers in developed countries like the United States, Germany, and the United Kingdom have gradually become more interested in consuming milk and other dairy products produced organically or using other natural techniques as they believe them to be more natural and healthy.
- Dairy products play a vital part in the diets of Americans as they use cheese, dairy desserts, and butter significantly in different food items like pizza, pasta, and burger. This has led to increased demand for different dairy products across the region. Owing to high domestic consumption, there is significant growth in terms of the production and import of dairy products. In 2021, the United States imported USD 3.3 billion worth of dairy products. Production of cheese also increased by 2.8% to 13.6 billion pounds in 2021.
- Strong growth is projected for free-from dairy products, including yogurt, in developed countries like the United States, Australia, the United Kingdom, and Germany. Products with low sugar content, high protein or fiber, and zero or minimally processed sugar are increasingly desired by consumers. Owing to the growing per capita consumption of yogurt, production has also witnessed significant growth. For example, the production volume of yogurt was approximately 463,000 tonnes in the United Kingdom in 2021.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Butter production is driven by improvements in animal husbandry practices, increased milk production, favorable weather conditions, and rising domestic demand
- Rising number of pounds of milk per cow, coupled with weather conditions, is among the major factors impacting milk production
- Cheese production is driven by factors such as the growth in milk production, increasing demand for cheese-based foods, rising incomes, and urbanization
