Dairy Snack Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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 (North America, Europe, Asia-Pacific, South America, and Middle -East and Africa) The report offers the market size and forecasts for the Dairy Snack market in value (USD million) for all the above segments.

Dairy Snack Industry Overview

Dairy Snack Market Growth
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 3.49 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Dairy Snack Market Analysis

The global dairy snack market is projected to register a CAGR of 3.49% during the forecast period 2022 - 2027.

The COVID-19 outbreak has put even more pressure on the Dairy Snack industry. 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. The disruption of supply chains, notably dairy snacks, is a serious issue, as countries closed their borders or boosted trade barriers during the shutdown. As a result, producers and exporters faced fierce rivalry in the export market. Air freight has been significantly reduced for commercial use, while many goods are usually shipped via this means of transport Therefore, producers face difficulties in honoring their orders, and businesses slow down.

Consumer demand for fast and healthful on-the-go snack options is driving sales of dairy snack items around the wor d. The need for snacks is driven by customers' changing lifestyles, including the consumption of smaller meals.

Calcium is naturally abundant in dairy-based snack foo s. As a result, they are regarded as a healthy snacking alternati e. Probiotic beverages' health benefits, particularly their capacity to enhance digestion and the immune system, are drawing customers of all ages.

Dairy Snack Industry Segments

Dairy snacks are small meals comprised primarily of milk like ice cream, cheese, and yogurts are always in high demand. 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 primary 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 primary channels of distribution globally. Moreover, the study analyzes 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. For each segment, the market sizing and forecasts have been done based on value (in USD million).

By Type
Cheese
Yogurt
Spoonable Yogurt
Drinkable Yogurt
Ice cream
Others
By Distribution Channel
Super Markets/ Hyper Markets
Convenience Stores
Specialty Stores
Online Retail Stores
Others
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
United Arab Emirates
South Africa
Rest of Middle-East & Africa

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Dairy Snack Market Trends

This section covers the major market trends shaping the Dairy Snack Market according to our research experts:

Rising Demand for Natural, Authentic Cheeses

Craft and artisanal cheese products, which are intimately tied to real cheese and basic ingredients, are becoming increasingly popular among consumers. Consumers perceive cheese to be a nutritious snack since it is abundant in calcium, protein, and vitamin D. Still, it has a terrible reputation for being high in fat and unhealthy. The term "naturally functional whole food" applies to cheese. As a result, several manufacturers promote cheese snacks as healthy snacks. Cheese snacks have long been popular in regions such as North America and Europe, and their popularity has now spread worldwide. According to the USDA, cheese consumption has increased by 43% in the last 25 years. Consumers can try new and unusual flavors while eating a less processed snack with specialty cheese.

Dairy Snack Market Share

Europe Dominates the Global Dairy Snack Market

Europe dominates the worldwide dairy snack market. The biggest markets in this region are Germany, France, and the United Kingdom. However, the rise in lactose sensitivity among consumers limits expansion in this region. The Asia-Pacific area, on the other hand, will be the fastest-growing market throughout the projected period, owing to the region's growing population, booming middle class, rising income levels, increased brand awareness, and westernization. During the forecast period, the Middle East and Africa are also expected to grow.

Dairy Snack Market Size

Dairy Snack Market Competitor Analysis

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 aims 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.

Dairy Snack Market Top Players

  1. Nestle SA

  2. Unilever PLC

  3. General Mills Inc.

  4. Danone SA

  5. Gujarat Cooperative Milk Marketing Federation Ltd

*Disclaimer: Major Players sorted in no particular order

Nestle SA, Unilever PLC, General Mills Inc., Danone SA, Gujarat Cooperative Milk Marketing Federation Ltd

Dairy Snack Market Recent Developments

In September 2020, Nestle launched an R&D Accelerator to drive dairy product innovation. The R&D Accelerator, based in Konolfingen, Switzerland, offers a platform for start-ups, students, and scientists to use Nestle’s unique dairy and plant protein expertise to develop ideas from concept to commercialization quickly.

In May 2019, General Mills Launched Drumstick Ice Cream Cereal In Classic Vanilla And Mint Chip Flavors. Products were already available in a few stores.

In February 2019, Unilever Inc acquired the holding company of graze, the UK’s leading healthy snacking brand. Graze is an online snack retailer delivering natural food, flapjacks, cakes, and popcorn to residential homes or workplaces daily via post.

Dairy Snack Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Cheese

      2. 5.1.2 Yogurt

        1. 5.1.2.1 Spoonable Yogurt

        2. 5.1.2.2 Drinkable Yogurt

      3. 5.1.3 Ice cream

      4. 5.1.4 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Super Markets/ Hyper Markets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online Retail Stores

      5. 5.2.5 Others

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 The Kraft Heinz Co.

      2. 6.4.2 Danone SA

      3. 6.4.3 Gujarat Cooperative Milk Marketing Federation Ltd (Amul)

      4. 6.4.4 Nestle SA

      5. 6.4.5 Unilever

      6. 6.4.6 Sancor Cooperativas Unidas Limited

      7. 6.4.7 Fonterra Group Cooperative Limited

      8. 6.4.8 Dairy Farmers of America Inc.

      9. 6.4.9 Arla Foods amba

      10. 6.4.10 Creamline Dairy Products Limited

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
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Dairy Snack Market Research FAQs

The Dairy Snack Market is studied from 2018 - 2028.

The Dairy Snack Market is growing at a CAGR of 3.49% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

Europe holds highest share in 2021.

Nestle SA , Unilever PLC , General Mills Inc. , Danone SA, Gujarat Cooperative Milk Marketing Federation Ltd are the major companies operating in Dairy Snack Market.

Dairy Snack Industry Reports

In-depth industry statistics and market share insights of the Dairy Snack sector for 2020, 2021, and 2022. The Dairy Snack research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Dairy Snack report PDF.

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