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Dairy Snack Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
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.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
Europe
CAGR:
3.49 %
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Market Overview
The global dairy snack market is projected to register a CAGR of 3.49% during the forecast period 2020 - 2025.
- Globally, the consumer demand for convenient and healthy on-the-go snack options is primarily contributing to the sales of dairy snack products. The changing lifestyle of consumers, including the consumption of smaller meals, is driving the demand for snacks.
- Dairy-based snack products are naturally high in calcium. Hence, they are perceived as a nutritional snacking option. The health benefits of probiotic drinks, especially their ability to improve digestion and the immune system, are attracting consumers across all age groups.
- During the initial wave of business and community shutdowns, dairy products are in high demand online, with e-commerce prices and out-of-stock levels increasing as more shoppers shift from brick and mortar retailers due to COVID-19. A major issue is the disrupted supply chains, including dairy snacks, as, during the lockdown, countries closed their borders or raised trade barriers. As a result, manufacturers and exporters were facing high competition to export their goods. Air freight has been significantly reduced for commercial use while many goods are usually shipped via this means of transport. Therefore, producers face difficulties to honor their orders and businesses slowed down.
Scope of the Report
The dairy snack market is segmented by product type into cheese, yogurt, ice cream, and other types. 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. Supermarkets/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 Type | ||||
| Cheese | ||||
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| Ice cream | ||||
| Others |
| By Distribution Channel | |
| Super Markets/ Hyper Markets | |
| Convenience Stores | |
| Specialty Stores | |
| Online Retail Stores | |
| Others |
| By Geography | |||||||||
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Key Market Trends
Rising Demand for Natural, ‘Authentic’ Cheeses
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 healthy 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
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 represent key growth drivers in the region. The Middle East and Africa are also expected to grow during the forecast period.
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Competitive Landscape
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.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
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
5.1.1 Cheese
5.1.2 Yogurt
5.1.2.1 Spoonable Yogurt
5.1.2.2 Drinkable Yogurt
5.1.3 Ice cream
5.1.4 Others
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
5.2.5 Others
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Spain
5.3.2.7 Rest of Europe
5.3.3 Asia Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 United Arab Emirates
5.3.5.2 South Africa
5.3.5.3 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
6.4.5 Unilever
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
8. IMPACT OF COVID-19 ON THE MARKET
*List Not Exhaustive
** Subject to Availability
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