Global Dairy Products Market to Witness Sturdy Rise, Introduction of Functional Dairy Products to Drive Growth: QYResearch Reports

Brooklyn, NY, July 13, 2016 (GLOBE NEWSWIRE) -- According to this report, on account of the introduction of functional dairy products, the global dairy products market is likely to witness a sturdy rise in the coming years. The launch of a number of new products in the yoghurt, frozen dessert, ice-cream, and cheese segment is enticing a large group of consumers thereby propelling the market considerably.

In addition to this, innovations in dairy products leading to the introduction of vitamin-enriched, ready-to-eat items are projected to boost this market over the next few years, states the report.

In this research report, the worldwide dairy product industry has been analyzed on the basis of the product and geographical distribution of this industry. Based on product, the market has been segmented into milk and cream, lactose and lactose syrup, ice-cream, cheese, milk oils and fats, yogurt, casein, whey, fermented or acidified milk, and other dairy products.

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The milk and cream segment dominates the global market and is projected to maintain its dominance over the next few years. The ice-cream segment is also anticipated to register a remarkable rise in the coming years, owing to the heavy demand for various types of ice-creams.

Based on the regional spread, the global dairy product industry has been classified into Europe, Japan, China, and the U.S. Among these, China has emerged as the leading regional market for dairy products across the world. The large population base has led to a significant increase in the consumption of dairy products in this region.

The increasing demand for milk and dairy products in the country is likely to aid the China market for dairy products in the coming years, enabling it to maintain its position, reports the market study.

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In conclusion, the research study maps the competitive landscape of the worldwide dairy product industry by profiling major market participants. As per the report, the industry exhibits a fragmented nature. Nestlé, Kraft Foods Inc., Danone, Arla Foods UK Plc., and Unilever are the leading companies operating in the global dairy products industry.

Other significant participants in this industry are Dairy Farmers of America Inc., Megmilk Snow Brand Co. Ltd., Meiji Dairies Corp., Groupe Lactalis SA, Sancor Cooperativas Unidas Limitada, Parmalat S.P.A, Fonterra Group Cooperative Ltd., Amul, Dean Foods Co., and Royal Friesland Campina N.V., states the research report.

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Source: QY Research Reports