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

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).

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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.

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