The global dairy industry is estimated to register significant growth over the forecast period 2019-2025. The global milk production expanded at a substantial rate especially in India, Turkey, the European Union, Pakistan, the US, and Argentina in 2018, which was partially offset by a decline in milk production output in China and Ukraine. Growing population, higher income levels, rising health consciousness, and new product launches are primarily attributing the increasing demand for dairy products. However, due to the recent COVID-19 outbreak, the global dairy industry is facing a serious crisis as a result of which several US-based dairy farmers are dumping milk. 

The epidemic has disrupted the supply chain of the dairy industry across the globe. As several countries imposed nationwide lockdown, the milk supply chain has seen a host of disruptions that are hampering dairy farmers from getting their products into the market place. With restaurants and schools being kept closed, the industry has seen a substantial shift from wholesale food-service markets to retail grocery stores. This created logistical and packaging nightmares for plants that process milk, butter, and cheese. Transportation and logistics companies are also reporting a shortage of workers to deliver dairy products, hence disrupting the supply chain. 

The report analyzes the global dairy industry on the basis of product type, distribution channel, and geography. Based on product type, the market is segmented into milk, cheese, butter, dairy desserts, and others. The global dairy industry is primarily dominated by the milk segment, followed by butter and cheese segments. Moreover, yogurt and dairy dessert segments are expected to have a significant impact on their revenue-generating capacity due to the COVID-19 outbreak. Since, yogurt and dairy desserts are not accounted that much essential in basic foods as milk and other dairy products, their availability has been impacted much more over other dairy products. Based on distribution channel, the market is classified into supermarkets/hypermarkets, convenience stores, and specialist retailers. 

Geographically, the market is analyzed into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia-Pacific accounted for significant market share in the global dairy industry as the demand for dairy products continues to surge across economies such as India, Indonesia, Pakistan, Australia, and several others. Moreover, efficient and sustainable dairy production across European economies such as Belarus and Ukraine are further positively impacting the global dairy industry growth. Furthermore, the industry consists of several players that are operating in the global dairy industry. Some of the key players of the market include Arla Foods, China Mengniu Dairy Co., Ltd., Danone S.A., Dean Foods, Fonterra Co-operative Group, FrieslandCampina NV, Gujarat Cooperative Milk Marketing Federation Ltd., and several others. 

Research Methodology

The study on the Dairy Industry is incorporated by extensive primary and secondary research conducted by the research team. In secondary research, different approaches have been adopted to derive the market value, market growth rate, and analyze trends in the industry due to the COVID-19 pandemic. In the report, the analysis of the country is provided by analyzing various regional players, laws & policies, consumer behavior, macro-economic factors, and impact of the pandemic. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures. 

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their PRODUCT TYPE catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of the global Dairy Industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global Dairy Industry.
• Insights about market determinants that are stimulating the global Dairy Industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.