Dairy Desserts Market to grow by USD 1.32 billion from 2023 to 2028 | The increasing number of product launches to drive market growth

NEW YORK, Nov. 29, 2023 /PRNewswire/ — The dairy desserts market is expected to grow by USD 1.32 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 5.08% during the forecast period. An increasing number of product launches is notably driving the dairy desserts market. However, factors such as the increasing number of product recalls may impede market growth. The market is segmented by product (yogurt, cream, and others), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and Middle East and Africa).

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Key Segment Analysis

The market share growth by the yogurt segment will be significant during the forecast period. All kinds of milk may be used to make it. In addition to its global consumption, the growing awareness of the health benefits of yogurt in preventing osteoporosis and irritable bowel syndrome is a contributing factor. Most vendors in the global dairy desserts market offer yogurts in various flavors. For example, in August 2021, Danone SA (Danone) launched its new plant-based yogurt, Silk Greek yogurt. The product was launched in four flavors, namely blueberry, strawberry, lemon, and vanilla.

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Geographical Market Analysis

Europe is estimated to contribute 34% to the growth of the global market during the forecast period. One of the world’s largest producers of dairy alternatives is Europe. The shift to a healthier diet means that consumers are increasingly buying and eating dairy products produced from plants. Europe’s players are looking to develop and market a wide variety of plant milk products. Moreover, the private-label brands operating in the region are also focusing on expanding dairy dessert production. Furthermore, the export of dairy desserts to this region has increased as a result of the production and store expansion of these private-label brands.

Company Insights

The dairy desserts market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including Royal FrieslandCampina NV, The Kraft Heinz Co., Unilever PLC, Conagra Brands Inc., DANA Dairy Group Ltd., Mondelez International Inc., Nestle SA, Chobani Global Holdings LLC, Unternehmensgruppe Theo Muller, Dodla Dairy Ltd., Siveele BV, Gujarat Cooperative Milk Marketing Federation Ltd., Iceland Foods Ltd., Turkey Hill Dairy, Becoolz Ice Creams and Frozen Desserts, Silver Pail Dairy, Coolhull Farm, General Mills Inc., Mother Dairy Fruit and Vegetable Pvt. Ltd., and Danone SA

View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The Organic Dairy Products Market size is projected to increase by USD 9.01 billion and the market size is estimated to grow at a CAGR of 6.52% between 2023 and 2028.

The Anhydrous Milk Fat (Butter Oil) Market size is projected to increase by USD 1.57 billion and the market size is estimated to grow at a CAGR of 7.51% between 2023 and 2028.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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