Global Milk & Cream Manufacturing Market Size To Exceed USD 1596.5 Billion By 2035 | CAGR of 5.12%
Category: Food & BeveragesGlobal Milk & Cream Manufacturing Market Size To Exceed USD 1596.5 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Milk & Cream Manufacturing Market Size is Expected to Grow from USD 912.5 Billion in 2024 to USD 1596.5 Billion by 2035, at a CAGR of 5.12% during the forecast period 2025-2035.
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Browse 298 Market Data Tables And 45 Figures Spread Through 130 Pages and In-Depth TOC On the "Global Milk & Cream Manufacturing Market Size, Share, and COVID-19 Impact Analysis, By Product & Service (Fluid Milk, Milk Powder, and Cream), By Major Market (Wholesalers & Supermarkets, Food Service Operators, Convenience Stores, and Discount Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/milk-cream-manufacturing-market
The milk & cream manufacturing market refers to the industry encompassing the production, processing, and distribution of milk and cream products. Milk & cream manufacturing includes receiving and processing of raw milk, separating cream from milk, pasteurization, homogenization (if required), and packaging. Milk and cream are increasingly used among foodservice operators and food & beverage producers. Inclination towards organic products owing to the consumers' increasing health consciousness provides lucrative opportunities for dairy cream manufacturers, thereby escalating the market growth for milk & cream manufacturing. The significant demand for functional dairy products and consumers increasing health awareness of dairy products are driving the market. Further, technological advancement in the production process is significantly promoting the market growth. On the contrary, the raw material price volatility and supply chain disruptions are hampering the market.
The fluid milk segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product & service, the milk & cream manufacturing market is divided into fluid milk, milk powder, and cream. Among these, the fluid milk segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The popularity of fluid milk, along with the growing preference for sustainable products, with a priority on sourcing from local and organic dairy farms, is propelling the market growth in the fluid milk segment.
The wholesalers & supermarkets segment accounted for a significant share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the major market, the milk & cream manufacturing market is divided into wholesalers & supermarkets, food service operators, convenience stores, and discount stores. Among these, the wholesalers & supermarkets segment accounted for a significant share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Wholesalers quickly adapt to the demand, with diversifying product lines and adjusting their supply chains.
Europe is expected to hold the majority share of the global milk & cream manufacturing market during the forecast period.
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Europe is expected to hold the majority share of the global milk & cream manufacturing market during the forecast period. The region’s food industry, reflecting the rich tradition of dairy consumption and a diverse range of products, is driving the milk & cream manufacturing market in the region. Further, the region’s traditional market for cream products, with the presence of several cream product customers, is propelling the market.
Asia Pacific is anticipated to grow at the fastest pace in the global milk & cream manufacturing market during the forecast period. This is attributed to the growing urbanization, and the adoption of the Western diet is driving the demand for milk and cream products. The increasing foodservice sector and number of cream-consuming customers are contributing to driving the market. Further, organic dairy food products, due to their various advantages, are promoting the market.
North America is anticipated to hold a significant share of the milk & cream manufacturing market during the predicted timeframe. An increasing food and drink products, such as chocolate, pastries, fresh dairy products, broth, and others that make use of cream, is propelling the market demand. Evolving consumer behaviour with a notable shift towards out-of-home consumption patterns contributes to driving the milk and cream manufacturing market.
Major vendors in the global milk & cream manufacturing market are Arla Foods, Groupe Danone, Nestle SA, Dairy Farmers of America, Amul Industries Private Limited, Kraft Foods, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In July 2024, Fonterra and Nourish Ingredients joined forces to develop innovative new products. Fonterra has started working with Nourish Ingredients, a leader in specialty fats and precision fermentation, to accelerate the development of dairy products with innovative fats.
- In July 2024, Governor Hochul celebrated Wells Enterprises' significantly expanded $425 million investment at its Dunkirk Ice cream manufacturing facility.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Milk & Cream Manufacturing market based on the below-mentioned segments:
Global Milk & Cream Manufacturing Market, By Product & Service
- Fluid Milk
- Milk Powder
- Cream
Global Milk & Cream Manufacturing Market, By Major Market
- Wholesalers & Supermarkets
- Food Service Operators
- Convenience Stores
- Discount Stores
Global Milk & Cream Manufacturing Market, By Distribution Channel
- Direct Sales
- Insurance Aggregators
- Brokers
- Others
Global Milk & Cream Manufacturing Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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