Europe Dairy Market Report and Forecast 2023-2028

Europe Dairy Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Europe dairy market reached a value of about USD 165 billion in 2022. Aided by the increasing demand for dairy products, the market is projected to grow at a CAGR of 1.2% between 2023 and 2028, reaching a value of USD 177.17 billion by 2028.

Dairy products are an important part of a balanced diet and are necessary for meeting daily nutritional needs. These products—which range from butter and cheese to milk powder and yoghurt to even ice cream—are manufactured from milk that is obtained from cows, goats, and other animals that are related to them. They are a significant source of vitamins, iodine, calcium, protein, and other essential nutrients.

The dairy market is one of the oldest and largest industries in Europe, contributing significantly to the region's economy. The Europe dairy market is driven by the increasing demand for dairy products, rising health awareness, and the popularity of plant-based dairy alternatives. The market is further expected to continue to grow during the forecast period as a result of the growing acceptance of e-commerce platforms.

Common dairy products are increasingly in demand due to their positive health and nutritional effects. The Europe dairy market demand is being boosted by factors such as a growing population, easy access to dairy animals, and a climate that is favourable for dairy production.

The Europe dairy market is also being influenced by the growing demand for dairy products in the foodservice sector. Restaurants, cafes, and bakeries are incorporating dairy products into various dishes and beverages, owing to their versatility, taste, and nutritional benefits. This has led to an increased demand for dairy products from the foodservice industry, further propelling the growth of the market.

Moreover, the growing trend of on-the-go snacking and the increasing demand for functional foods are contributing to the Europe dairy market growth. Dairy products, such as yogurt and cheese, are popular snack options due to their convenience and nutritional benefits. Manufacturers are launching innovative dairy-based snacks and beverages that are enriched with probiotics, prebiotics, and other functional ingredients, which cater to the growing demand for healthy and convenient food options among busy consumers in the region.

Market Segmentation

The market can be divided based on product and country.

Market Breakup by Product

• Fluid Milk/UHT Milk/ Flavoured Milk
• Cream
• Butter
• Anhydrous Milk Fat (AMF)
• Skimmed Milk Powder/Non-fat Dry Milk
• Whole Milk Powder (WMP)
• Whey Protein (Powder and Concentrate)
• Lactose
• Casein
• Cheese
• Yoghurt
• Ice-cream
• Probiotic Dairy Products
• Others

Market Breakup by Country

• Germany
• France
• United Kingdom
• Italy
• Spain
• Netherlands
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Europe dairy companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Nestlé S.A.
• Danone SA
• Groupe Lactalis S.A.
• Royal FrieslandCampina N.V.
• Arla Foods amba
• Unilever PLC
• DMK Deutsches Milchkontor GmbH
• Sodiaal International SA.
• Savencia SA
• Müller Group
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.