The global dairy product packaging market is projected to experience steady growth over the next decade, expanding at a compound annual growth rate (CAGR) of 2.7%, according to a new report. The market, valued at USD 33.0 billion in 2024, is expected to reach USD 43.1 billion by 2034.
Growing consumer demand for healthy on-the-go snack options drives sales of dairy products worldwide. Dairy-based products contain calcium naturally, making them a healthy snack option.
Due to their health benefits, probiotic drinks have gained popularity, especially due to their ability to improve digestion and immunity. Health and wellness trends have led consumers to choose dairy snacks that are low-fat, lactose-free, and calcium-rich.
Key Trends Shaping the Future of Dairy Product Packaging:
- Rising Consumption of Dairy Products: The growing popularity of dairy products, particularly single-serve options and yogurt drinks, is driving demand for specialized packaging solutions. The convenience of on-the-go options is a significant factor propelling market growth.
- Shift Towards Single-Serve and On-the-Go Formats: Consumer preference for single-serve milk and yogurt drinks is boosting sales in the dairy product packaging sector. Initiatives such as school milk programs are also contributing to increased demand.
- Adaptation to Consumer Preferences: Key industry players are responding to consumer demands for aesthetically appealing, sustainable, and convenient packaging formats. Innovations in design and materials are playing a crucial role in capturing consumer interest.
- Rising International Trade: Increased international trade to fulfill dairy product demand in regions with lower domestic production is further driving the need for effective dairy product packaging solutions.
- Emphasis on Freshness: Consumers’ heightened focus on freshness is leading to greater demand for packaging that preserves the quality and shelf life of dairy products. Packaging technologies that enhance product preservation are becoming increasingly important.
Key Takeaways from Market Study
- The dairy products market is expected to record a CAGR of 4.8% over the forecast period.
- According to estimates, the dairy products market in the Asia Pacific might remain strong throughout the length of the forecast period.
- The butter segment was valued at US$ 23.25 billion in 2023 and is expected to register a CAGR of 3.5% during the forecast period.
- The cheese segment was valued at US$ 96.86 billion in 2023 and is expected to record a CAGR of 3.8% from 2023 to 2033.
- It is expected that the market in India is anticipated to demonstrate a high level of growth by the year 2033.
- The milk segment is expected to record a CAGR of 3.1% between 2023 and 2023, reaching US$ 310.07 billion in 2023.
Competitive Landscape:
Several local companies are operating in the moderately fragmented market. Market players use various strategies to gain market share, including investments, partnerships, acquisitions, and mergers. Furthermore, companies are striving to keep their products competitive and to improve their products.
Several prominent companies dominate this market, including Arla Foods Amba, Nestle, Danone, Fonterra, Lactalis, Frieslandcampina, DMK Group, GCMMF, Dairy Farmers of America, Inc., Meiji Holdings Co. Ltd., The Kraft Heinz Company and others.
Recent Developments:
- There is a newly developed drinkable yogurt product in the works from Danone called Activia+. It is available in March 2022 in the United States and other parts of North America. The products come in strawberry, peach, and raspberry flavors.
- In February 2022, Danone North America released its Light+Fit yogurt under the Light+Fit brand. Lemon and orange are the flavors available in the market.
- The dairy company announced the launch of two all-new dairy products in February 2022, expanding its refrigerated shelf presence in New Berlin, New York. Ultra-filtered milk, lactose-free, protein-dense ultra-filtered milk, and half & half. They are made from locally sourced milk and come in paper-based packaging that is widely recyclable, like many of the company’s other new products.
- In March 2019, the Wallaby yogurt brand was introduced in the United States in three flavors to cater to health-conscious consumers. It is a no-sugar-added yogurt.
- To reduce its carbon footprint, Arla Foods partnered with Walki in August 2019 to provide sustainable and recyclable packaging solutions.
Access Full Report: https://www.futuremarketinsights.com/reports/dairy-products-packaging-market
Dairy Products Market Segmentation by Category
By Product Type:
- Milk
- Cheese
- Yogurt
- Dessert
- Butter
- Milk Powder
- Cream
- Others
By Distribution Channel:
- Hypermarket / Supermarket
- Convenience Store
- Speciality Store
- Other
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
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