The milk and dairy products have a prominent place in the global food products market. Due to factors like rising concerns about vegetarianism, health advantages of milk and dairy products over non-vegetarian foods, and ecological balance, the use of milk and dairy products is increasing globally. This has resulted in increased worldwide production of milk.
Middle East dairy market is one of the major markets of the global milk and dairy industry. The changing socio political environment of the Middle East has made its milk and dairy products market more attractive, demonstrating great potential for long-term growth. China is also one of the emerging markets in the global milk and dairy industry. The dairy industry of Japan is expected to be adversely affected in the coming years due to reduced number of dairy cows in milk and extreme summer temperatures. India will remain the world's largest producer of milk owing to increased governmental efforts to raise the per capita availability of milk. The United States dairy market suffered a decline in 2009 mainly due to high production costs. The milk and dairy products market of European Union is poised for long-term growth due to recovery in world dairy prices.
The world butter trade is expected to increase significantly in the next ten years; and New Zealand, EU & Australia are expected to remain the worlds largest butter exporters. The global cheese demand is on continuous rise leading to increased production. Countries like India, Ukraine, and Brazil are emerging as leading exporters of nonfat dry milk product category. The worldwide production of whole milk powder is also expected to increase in the near future owing to increased import demand from Asia, Australia and New Zealand.
The projected rise in the prices for most of the dairy products is an important factor driving the growth of the global milk and dairy products market. However, extreme volatility in prices can also hamper the industry's growth. The rising incomes and changing diet patters coupled with economic growth in mainly developing countries and other dairy importing regions will lead to increase in demand for milk and other dairy products.
The global milk and dairy products market is characterized by intense competition. Owing to increase in competitive pressures, the leading global players such as Nestle, Unilever, Danone, Fonterra and Dean foods, among others, are increasingly adopting different tools to reduce cost and increase profit margins. At the same time the shrinking base of retailers is also a cause of heightened competition for the milk and dairy products manufacturing companies worldwide.
The report offers an overview of the dairy industry and discusses its various segments. It presents an analysis of the milk and dairy products market in India, China, the U.S., the European Union, Gulf Corporation Council countries, and Japan. It also discusses the key growth drivers of the dairy industry. Further, the report analyzes the major trends prevalent in the market and profiles the major companies, with a focus on their business strategies.
By combining SPSS Inc.s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.