Dry, Condensed, And Evaporated Dairy Products Market Forecast 2023-2032 – Market Size, Drivers, Trends, And Competitors
The Business Research Company’s Dry, Condensed, And Evaporated Dairy Products Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LONDON, GREATER LONDON, UK, December 1, 2023 /EINPresswire.com/ — The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global market for dry, condensed, and evaporated dairy products is witnessing robust growth, demonstrating a substantial increase from $111.75 billion in 2022 to $120.06 billion in 2023, reflecting a significant compound annual growth rate (CAGR) of 7.4%. The market size is poised to continue its upward trajectory, reaching an estimated $154.51 billion by 2027, sustaining a steady CAGR of 6.5%.
1. Embracing Sustainability: Driving the Demand for Organic Dairy Products
Local, Sustainable, and Organic Trends Transforming the Dairy Landscape
The forecast period reveals a promising outlook for the dry, condensed, and evaporated dairy products market, primarily fueled by the escalating demand for local, sustainable, and organic food production. Consumers are increasingly prioritizing products that emphasize health, environmental protection, and animal welfare. The emphasis on organic food is gaining traction, with consumers willing to invest more in products recognized as healthy. In the US, the Organic Trade Association reported a 4.5% increase in organic fruit and vegetable sales in 2021, reaching $21 billion and representing 15% of the total product market. This shift toward organic preferences opens substantial opportunities for producers in both developed and developing countries, positioning the market for significant growth.
2. IoT Revolutionizing Product Tracking for Enhanced Safety
Ensuring Safe Product Handling through IoT Technology
The integration of the Internet of Things (IoT) technology is becoming increasingly prevalent in the dry, condensed, and evaporated dairy product industry, transforming product tracking and ensuring enhanced safety measures. IoT, characterized by a network of devices continuously exchanging data, is being leveraged to track ingredients used in dairy products. Connected equipment in vehicles and storage coolers facilitates real-time monitoring and tagging of dairy products with environmental conditions such as temperature and location. For instance, the Chinese government’s implementation of the National Food Quality Safety Traceability Platform utilizes IoT technology to improve the quality and safety of food production supply chains, fostering a new era of transparency and safety assurance.
3. Regional Dominance and Comprehensive Market Segmentation
Western Europe Leading; In-Depth Market Segmentation Reflecting Dynamics
In 2022, Western Europe emerged as the largest region in the dry, condensed, and evaporated dairy products market. The market is segmented based on:
•Type: Dry Dairy Product, Condensed Dairy Product, Evaporated Dairy Product
•Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
•End Use: Food, Beverages, Intermediate Products, Condiments, Other End Users
Learn More On The Market By Requesting A Free Sample (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=3555&type=smp
4. Strategic Utilization of Market Insights for Business Growth
Empowering Stakeholders for Informed Decision-Making
Stakeholders across the dairy products spectrum can leverage the comprehensive market report to drive business growth:
•Manufacturers: Gain insights into changing consumer preferences and capitalize on organic and sustainable trends for product innovation.
•Retailers: Identify emerging market segments and distribution channels to cater to evolving consumer demands.
•Investors: Make informed investment decisions by understanding the market dynamics and growth opportunities.
•Researchers: Stay abreast of technological advancements, such as IoT integration, shaping the future of the dairy products market.
Read More On The Dry, Condensed, And Evaporated Dairy ProductsGlobal Market Report At:
https://www.thebusinessresearchcompany.com/report/dry-condensed-and-evaporated-dairy-products-global-market-report
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Market Characteristics
3. Dry, Condensed, And Evaporated Dairy Products Market TrendsAnd Strategies
4. Dry, Condensed, And Evaporated Dairy Products Market – Macro Economic Scenario
5. Dry, Condensed, And Evaporated Dairy Products Market Size And Growth
……
27. Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Market
29. Market Future Outlook and Potential Analysis
30. Appendix
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