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Global Dairy Snack Market is segmented by Type (Cheese, Yogurt, Ice cream, and Others), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, and Others), and Geography.
Fastest Growing Market:
The global dairy snack market is projected to register a CAGR of 3.49% during the forecast period.
The dairy snack market is segmented by product type into cheese, yogurt, buttermilk, ice cream, milk, and others. The demand for ice creams has been growing rapidly, and consumer indulgence is the major reason for this growth. On the basis of the distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online retail stores, and others. Super markets/hypermarkets are the major channels of distribution, globally. Moreover, the study provides an analysis of the dairy snacks market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
|By Distribution Channel|
|Super Markets/ Hyper Markets|
|Online Retail Stores|
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Consumer demand for crafts and artisanal cheese products is increasing, which are closely linked to real cheese and simple ingredients. Cheese is considered a healthy snack by consumers and is strongly associated with calcium, protein, and vitamin D, but it has a negative perception that it is high in fat and generally lacks health. Cheese owns the tag of a ‘naturally functional whole food’. Hence, numerous manufacturers are marketing cheese snack as a health snack. Cheese snacks have been popular in regions, such as North America and Europe, and now, the demand for cheese snacks has spread across the world. According to the USDA, cheese consumption has grown 43% over the past 25 years. In specialty cheese, consumers can explore new and interesting flavors at the same time having a less processed snack.
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Europe dominates the global dairy snack market. Germany, France and the United Kingdom are the major markets in this region. However, growth in this region is restrained due to the rise in lactose intolerance among the consumers. On the other hand, the Asia-Pacific region is the fastest growing market during the forecast period because consumers are expanding the population, burgeoning middle class, rising income levels, growing brand awareness and westernization represents key growth drivers in the region. The Middle East and Africa are also expected to grow during the forecast period.
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The market for dairy snacks is highly fragmented with many regional and international vendors, who compete for pricing, innovation and distribution. The introduction of lactose-free milk by manufacturers is an attempt to attract the lactose intolerant population and increase the consumer base. Some of the major players in the market include Kraft Foods, Inc., Danone, Amul, Nestle SA, Blue Bell Creameries, and Unilever, among others.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
126.96.36.199 Spoonable Yogurt
188.8.131.52 Drinkable Yogurt
5.1.3 Ice cream
5.2 By Distribution Channel
5.2.1 Super Markets/ Hyper Markets
5.2.2 Convenience Stores
5.2.3 Specialty Stores
5.2.4 Online Retail Stores
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.3 Asia Pacific
126.96.36.199 Rest of Asia-Pacific
5.3.4 South America
188.8.131.52 Rest of South America
5.3.5 Middle East & Africa
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 The Kraft Heinz Co.
6.4.2 Danone SA
6.4.3 Gujarat Cooperative Milk Marketing Federation Ltd (Amul)
6.4.4 Nestle SA
6.4.6 Sancor Cooperativas Unidas Limited
6.4.7 Fonterra Group Cooperative Limited
6.4.8 Dairy Farmers of America Inc.
6.4.9 Arla Foods amba
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability