MarketReportsOnline.com offers "Global Milk and Dairy Products Market: 2014 Edition" research report, which profiles Nestlé S.A., Danone S.A., Unilever Group, and Fonterra Cooperative Group Limited.
Global Milk and Dairy Products Market: 2014 Edition research report says global demand for milk and dairy products is becoming increasingly insatiable. In recent years, the wedge between demand and supply has continued to grow. Increasing real incomes coupled with rising willingness to spend, changing consumer dietary patterns, increasing consumer awareness regarding the nutritional values of dairy products and waning price responsiveness are the major factors influencing the market growth. On the supply side, relatively favorable weather conditions, higher export prices, improved efficiency gains and continued focus on innovation and technology has resulted in improved supplies around the globe.
As per the report, "Global Milk and Dairy Products Market: 2014 Edition", despite increasing supplies, the dairy industry will remain tight but dynamic in near future. Recent industry developments and explosive demand trend arising largely from emerging countries led by China have placed the market comfortably on a higher growth path. Smaller domestic production capacities, volatile global feed prices, the increasing use of high quality feed in traditional pasture-based regions, rising cost of primary inputs (land and labor) and sharp volatility in overall prices have fueled production costs in these countries which in turn has restricted production. This void has largely been filled up by imports rather than boosting domestic capacities.
This research prudently analyzes the development of the respective market, with a focus on the top 7 milk producing regions of the world which includes the EU, the US, India, China, Brazil, Russia and New Zealand. The report contains the major trends, growth drivers as well as issues being faced by the industry. The global milk and dairy market is predominated by a handful of players including Nestlé, Danone, Fonterra and Unilever contending and vying for greater market share.
The market for dairy products is one of the major segments of the overall food industry. Traditionally, the dairy market has offered a range of milk-based products, with processed milk, butter, cheese, and curd, dominating the market. However, changing consumer dietary patterns, increasing consumer awareness regarding the nutritional values of dairy products, higher willingness to spend and waning price responsiveness have led to further diversification of products on shelf which include infant milk formula-based products, skimmed and whole milk powder, lactose-based products and casein-derived products.
Transformation of the traditional structure of dairy farming into modern technological set-up has brought the entire dairy market on an advanced platform, which is now outfitted with high-tech equipment, technology and heavy investment. Technological innovations and improvements in the production process and efficiency gains have enabled dairy producers worldwide to cater to the increasing needs of customer in different forms like condensed milk, homogenized milk, buttermilk, cheese, casein, yogurt, gelato, and ice creams, while maintaining the quality standards at the same time. Production and consumption of cheese remains the highest amongst all dairy products worldwide. This segment has shown significant growth in the last few years. Except Oceania and South Asia, the rest of the world has strengthened its cheese consumption on the back of increased demand.
