The dairy beverage market is anticipated to show lucrative growth at a CAGR of around 7.0% during the forecast period. The dairy beverage market is a highly fragmented market. Around 150 million households globally are working in the dairy production sector. In the emerging economies, a large portion of the milk is bought by the small stakeholders and is a part of the people’s household livelihoods, as the dairy industry is relative offers quick returns for small-scale producers.
A full report of Dairy Beverage Market is available at: https://www.omrglobal.com/industry-reports/dairy-beverage-market
A substantial rise has been witnessed by the developing economies in the share of global dairy production. It is mostly due to an increase in the number of milk-producing animals rather than increased productivity. It is mostly due to poor-quality feed resources, diseases, and inadequate access to markets and services related to health, credit, and training. Moreover, a number of emerging economies such as India, Pakistan, and Brazil have hot and/or humid climates that are also unfavorable for dairy activities.
Amid the unfavorable conditions, global milk production has increased by around 60% in the last three decades as per the Food and Agriculture Organization of the United Nations. The milk production has increased from 530 million tons in 1988 to 843 million tons in 2018. India has become the largest milk-producing country all across the globe with a 22% share in global production. It is followed by the US, China, Pakistan, and Brazil. Most of the growth in milk production can be attributed to South Asian countries as they are the key driver of milk production growth.
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/dairy-beverage-market
Huge support is provided by governments to increase milk production in emerging economies. For instance, the ‘White Revolution’ or ‘Operation Flood’ was launched by the Indian government to increase the dairy market of the country result of which, India become the largest producer of milk in 1988. Co-operative companies are set up all across the globe to increase productivity and supply chain efficiency among rural milk-producing regions and urban milk consuming regions. Some of the major co-operative working in the global dairy industry include DMK GROUP, Gujarat Cooperative Milk Marketing Federation Ltd., Fonterra Co-operative Group Ltd., Murray Goulburn Co-operative Co. Ltd., Dairy Farmers of America Inc., and The Agropur Dairy Cooperative. The objective of the co-operatives is more inclined toward increasing the income of its members and not the co-operative’s profits. Along with the co-operative many private companies have also expanded their operations all across the globe and are working significantly in the market. Some of the major companies include Nestle SA, Lactalis International, and Danone S.A.
Global Dairy Beverage Market- Segmentation
By Type
- Standard Milk
- Flavored Milk
- Yogurt
- Other
By Packaging
- Metal
- Glass Bottle
- Plastic
- Others
By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Store
- Specialist Retailers
