Dairy Snacks Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.49 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dairy Snacks Market Analysis
During the time frame of the forecast, the global dairy snack market is expected to register a CAGR of 3.49 %.
The main thing that drives sales of dairy snacks all over the world is that people want easy and healthy snacks they can eat on the go.Dairy-based snacks naturally have a lot of calcium in them, so people think of them as a healthy way to snack.People all over the world are drinking probiotic drinks because they are good for their health, especially because they help with digestion and the immune system.People are more likely to buy dairy snacks that are low in fat, don't have lactose, and are high in calcium because of health and wellness trends.
Health and wellness trends have also made people want dairy snacks that are low in fat, don't have lactose, and are high in calcium.The dairy industry continues to ramp up investments throughout the supply chain, from farm families to milk processors, including product and ingredient manufacturers, in order to deliver an expanded range of dairy ingredients that meet customers' evolving product and business needs. Also, flavors, clean labeling, and textures, among other things, are expected to make a difference in how well a product sells in the near future. As consumer tastes change, this will be a key factor in making sure there is a steady supply of raw materials.
Also, people are becoming more aware of environmental issues, which has led to a higher demand for sustainable packaging and processing of dairy snacks. Sustainability efforts have come a long way, leading food and drink companies, including those that make dairy snacks, to make packaging that can be recycled or breaks down naturally. The fast-growing organic and all-natural trend in the business world is pushing the yogurt market to become more diverse. Organic dairy snacks, especially yogurts, are becoming more and more popular in the United States. This is partly because companies are putting out new products with more unique ingredients.
Dairy Snacks Market Trends
This section covers the major market trends shaping the Dairy Snack Market according to our research experts:
Surging Demand for Nutritious and Healthy On-The-Go Snacking
Globally, consumers are increasingly looking for snacks that deliver health benefits, taste good, and offer a healthy snacking experience. Healthy dairy snacks have been made because people care more about their health and are more willing to try new things. Demand for dairy snack products is going up because people are becoming more health-conscious, health problems are popping up because of sedentary lifestyles, and people are moving away from supplements and toward dairy products that are fortified. This changing trend has led manufacturers to come up with variants, like low-fat, calcium-rich, and lactose-free variants, in the market studied. In addition, the demand for dairy snacks is increasing at a faster pace, and they are becoming extremely popular, especially among working-class people, teenage children, and bachelors. Many popular snack foods, such as chips, candy, and snack mixes, are high in calories, fat, and excess sugar. Healthy alternatives, like dairy snacks, are easy to grab on the go and are full of vitamins, minerals, and energy that the body needs. This is helping to grow the market. For example, in May 2021, Food Union started selling bifido yogurts and ice cream, which were based on curd snacks. The company says that the antioxidants in these products make them good choices for snacks because they are healthy.
Europe Dominates the Market Growth
Europe dominates the worldwide dairy snack market. The biggest markets in this region are Germany, France, and the United Kingdom. In the United Kingdom, consumers are trying to achieve a healthy lifestyle. Consumers are also more focused on making choices with regard to their formal healthcare options that would help improve their health and wellness. This trend is increasing the demand for dairy snacks, as they have probiotics and various other health-beneficial properties. High growth is projected for low-calorie frozen yogurt, ice creams, and other dairy snacks, owing to the low sugar content of these products. Consumers' desire for products that are high in protein or fiber, contain zero or low sugar, and are minimally processed is expected to boost the demand for dairy snacks in the European market. For instance, in February 2021, Nick's, a Swedish ice cream brand, expanded its range of sugar-free ice cream products in Germany and other European markets. Further, Germany is widely known for its long-standing dairy industry, and the resulting product is a daily part of national food consumption. The enormous selection of both dairy snack types and brands on the German market covers a multitude of consumer tastes and preferences. Therefore, these factors are expected to leverage the increase in consumption of various dairy snacks in the European region.
Dairy Snacks Industry Overview
The global dairy snack market is highly fragmented and comprises regional and international competitors. Players like Nestle SA, General Mills Inc., Unilever Plc, Danone SA, and Gujarat Cooperative Milk Marketing Federation Ltd. are among those that dominate the market. The leading players in the dairy snack market enjoy a dominant presence worldwide. These players focus on leveraging the opportunities posed by emerging markets to expand their product portfolios so that they can cater to the requirements of various product segments, especially snacking cheese and yogurt. Moreover, these global companies are merging with local dairy product companies so as to leverage their brand value, distribution, and supply chain. Companies compete on different factors, including product offerings, quality, taste, flavors, price, functionality, size, packaging, and marketing activities, in order to gain a competitive advantage in the market.
Dairy Snacks Market Leaders
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Nestle SA
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Unilever PLC
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General Mills Inc.
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Danone SA
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Gujarat Cooperative Milk Marketing Federation Ltd
*Disclaimer: Major Players sorted in no particular order
Dairy Snacks Market News
- January 2023: Magnum UK expanded its range of vegan ice cream in the country. The brand updated its vegan and mini multipack product lines with new flavors, suiting the preferences of consumers in the country.
- December 2022: Philadelphia Cream Cheese launched its plant-based version of cream cheese spread in its original-flavored variant. The company launched its products in selected retailers in the Southeastern United States, including Atlanta, Miami, Nashville, Charlotte, and Houston.
- June 2022: Danone North America launched its new probiotic drink, namely, Activia+ Multi-Benefit Probiotic Yogurt Drinks. The company claims to add vitamins C, D, and zinc to the probiotic drink, thereby improving the immune system of consumers. The company offers this product in different flavors, including peach, strawberry, and raspberry.
Dairy Snacks Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Cheese
5.1.2 Yogurt
5.1.2.1 Spoonable Yogurt
5.1.2.2 Drinkable Yogurt
5.1.3 Ice Cream
5.1.4 Other Types
5.2 Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Specialty Stores
5.2.4 Online Retail Stores
5.2.5 Other Distribution Channels
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Spain
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 United Arab Emirates
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 The Kraft Heinz Company
6.3.2 Danone SA
6.3.3 Gujarat Cooperative Milk Marketing Federation Ltd (Amul)
6.3.4 Nestle SA
6.3.5 Unilever Plc
6.3.6 General Mills Inc.
6.3.7 Fonterra Co-operative Group Limited
6.3.8 Dairy Farmers of America Inc.
6.3.9 Arla Foods amba
6.3.10 Saputo Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
Dairy Snacks Industry Segmentation
Dairy snacks, like ice cream, cheese, and yogurt, are small meals that are mostly made of milk. They are always in high demand. Type, distribution channel, and geography are the market segments for dairy snacks. On the basis of type, the market is segmented into cheese, yogurt, ice cream, and other types. The yogurt segment is further bifurcated into spoonable yogurt and drinkable yogurt. On the basis of the distribution channels, the market is segmented into supermarkets and hypermarkets, convenience stores, specialty stores, online retail stores, and other distribution channels. Moreover, the study analyzes the dairy snacks market in emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, market sizing and forecasts have been done based on value (in USD million).
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Dairy Snacks Market Research FAQs
What is the current Dairy Snack Market size?
The Dairy Snack Market is projected to register a CAGR of 3.49% during the forecast period (2024-2029)
Who are the key players in Dairy Snack Market?
Nestle SA , Unilever PLC , General Mills Inc. , Danone SA and Gujarat Cooperative Milk Marketing Federation Ltd are the major companies operating in the Dairy Snack Market.
Which is the fastest growing region in Dairy Snack Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dairy Snack Market?
In 2024, the Europe accounts for the largest market share in Dairy Snack Market.
What years does this Dairy Snack Market cover?
The report covers the Dairy Snack Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dairy Snack Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dairy Snacks Industry Report
Statistics for the 2024 Dairy Snacks market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dairy Snacks analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
