Europe Dairy Market Revenue 2023, Upcoming Trends, Growth, Key Manufacturers, Business Opportunities and Forecast 2032: SPER Market Research
According to SPER Market Research, the Europe Dairy Market is a major dairy market, with diverse products such as milk, cheese, yogurt, and butter. Cheese is the most popular product, accounting for over half of the region’s consumption. The EU is the world’s largest milk producer, with Germany, France, the Netherlands, and Ireland being major producers. The market is expected to experience moderate growth due to rising consumer demand for high-protein diets, increasing health awareness, and the popularity of dairy-based snacks. Sustainability and animal welfare are also becoming important considerations, with many dairy companies investing in environmentally friendly and ethical practices.
Europe Dairy Market Overview:
- Forecast CAGR (2022-2032): 1.65%
- Forecast Market Size (2032): 194.02 billion
The dairy industry plays an important role in the EU’s agricultural sector, as it employs a significant number of people and generates a significant amount of revenue. The European dairy market is a vital part of the region’s food industry, with continued growth and innovation expected in the coming years. The market faces both opportunities and challenges, with the growing demand for sustainable and ethical dairy products being a significant opportunity for the sector.
Impact of COVID-19 on Europe Dairy Market
The COVID-19 pandemic has significantly impacted the European dairy market, resulting in supply chain disruptions, border closures, and changes in trade patterns. The closure of restaurants, hotels, and other food service establishments reduced demand for dairy products, leading to oversupply and lower prices. At the same time, panic buying and hoarding in grocery stores led to temporary shortages of some dairy products. Additionally, lockdowns and quarantine measures affected the availability of migrant labour, causing challenges in milk harvesting and processing. The pandemic has also led to changes in consumer behaviour and preferences, with a growing interest in locally produced, sustainable, and healthy dairy products.
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Europe Dairy Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
Europe Dairy Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Arla Foods amba, Danone SA, DMK Deutsches Milchkontor GmbH, Groupe Lactalis S.A., Groupe Lactalis S.A., Muller Group, Nestlé S.A, Royal Friesland Campina N.V., Savencia SA, Sodiaal International SA, Unilever PLC
Europe Dairy Market Segmentation:
By Product: Based on the Product, European Dairy Market is segmented as; Fluid Milk (UHT) Milk, Flavoured Milk, Cream, Butter, Anhydrous Milk Fat (AMF), Skimmed Milk Powder/Non-fat Dry Milk, Whole Milk Powder (WMP)
By Region: Based on the Region, Europe Dairy Market is segmented as; France, Germany, Italy, Netherlands, Spain, United Kingdom, Others
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