The Chinese dairy market is forecasted to grow by 6.6% CAGR until 2022 with consistent sales increases predicted for yogurt and cheese, according to new research from Mintel.
Since 2014 yogurt has posted an annual retail sales growth of over 20% in China, and between 2015 and 2017 cheese saw a growth rate of between 15% and 25%.
The news follows research published last year which predicts that China will overtake the US as the world’s largest dairy market by 2022.
Colostrum is a form of milk produced by mammals in late pregnancies and few days after birth. Cow colostrum contains higher levels of immunoglobulin such as IgG, IgA and IgM, where the amount of IgG is higher than others. Colostrum is easy to digest due to which it is preferred for newborn infants, which contains high amount of antibodies that helps to strengthen their immunity. Colostrum also contains a high concentration of protective white cells that helps in destroying the disease causing bacteria and viruses. Colostrum is also helpful in improving immune system, due to the presence of high concentration of IgG. These factors are expected to drive growth of the colostrum market.
The global colostrum market is anticipated to register a CAGR of over 3.6% in terms of value and 3.2% in terms of volume during the forecast period. Increasing health awareness among consumers coupled with increasing demand for colostrum-based infant formula and probiotic yogurt are key factors fuelling market growth across the globe. Increasing consumer inclination towards purchasing organic colostrum products through e-retail channels is a major trend witnessed in the global colostrum market.
The aim of the Milk Market Observatory (MMO) is to provide the EU dairy sector with more transparency by means of disseminating market data and short-term analysis in a timely manner.
Here is an overview of the site’s content:
Future Markets Insight has published a new report on the global yogurt market.
In the report North America is expected to be the major contributor in terms of value followed by Europe in yogurt market. However, these region is predicted to be a mature market for set yogurt, and is expected to show a stable growth in the near future.
Introduction of new variant in flavors coupled with offering low fat products may fuel the growth of yogurt market in these region. In developing countries of Asia Pacific region China is expected to dominate the market in terms of yogurt consumption followed by India. Moreover Japan is expected to show a substantial growth during the forecast period. Increasing consumption of flavored yoghurt especially in countries such as China and Japan is predicted to support the growth yoghurt market across Asia Pacific region during forecast period.
Rising disposable income coupled with shifting consumer eating habits is expected to drive the demand of yogurt market in the near future. Moreover, increasing availability of flavored yoghurt especially in developing region is predicted to be major factor supporting the growth of ice cream and frozen dessert market during the forecast period. In addition, rising awareness among the people regarding the benefits of yogurt such as it has good bacteria or probiotics that boost the immune system, provide calcium, and help combat constipation and diarrhea and others is also expected to drive the growth of yogurt market in the near future.
Some of the major players operating in yogurt market includes Danone Groupe, Ultima Foods, Chobani, Sodiaal, NESTLÉ, General Mills and Kraft Foods Group, and Yakult Honsha among others.
Valued at USD 15 billion in 2014, the global organic dairy market is expected to exceed USD 26 billion by 2019, growing at a CAGR of 11.7%. The growing focus of consumers toward the consumption of organic food and beverages will compel manufacturers to launch innovative and exotic organic dairy products, Technavio says in a new report on global organic dairy products market.
In the last few years, innovative organic dairy products such as organic spoonable yogurt with granola and fruit toppings, Greek yogurt and organic milk containing anti-oxidants and healthy fatty acids like DHA, and omega 3 have been introduced into the market. These innovations combined with the financial benefits that manufacturers receive from governments to produce organic dairy products are driving the growth of the market.
The global cheese market is expected to exhibit a steady CAGR of 4.40% from 2013 to 2019, according to research released recently by leading market intelligence company Transparency Market Research (TMR). The cheese market was valued at US$79.5 billion in 2012 and is expected to rise in valuation to US$105.1 billion by the end of the forecast period.
According to TMR analysts, the prime drivers of the global cheese market are the increase in the number of fast food chains around the world and the increase in the financial ability of consumer to spend on fine foods such as cheese. On the other hand, the short shelf life of cheese will count against the global cheese market in its trajectory in the coming years.