The dry, condensed, and evaporated foodstuff
manufacturing market consists of sales of dry, condensed, and evaporated dairy
products by entities (organizations, sole traders and partnerships) that
produce dry, condensed and evaporated milk and dairy substitute products. The
dairy companies operating in the industry package distribute their products
over various distribution channels to both individual customers and commercial
establishments. The global dairy products industry is beginning to gain more
strength as the innovations in technology for providing better quality
products, service, measurement and reach of the dairy products and
statistically improvised results have made dairy products industry to be one
among the most important contributor to the worldwide economy. Of all the
products, milk represents quite 35% of overall dairy products consumption
within the market. Milk is used by almost all the global population, and used
for several purposes, so the milk leads the dairy products market. Milk is the
central component of the average diet of majority. Higher demand from emerging
economies across the globe and higher feed prices at dairy farms have driven
milk prices to shoot up and at the same time, the economic slump has led to
lowering of demand over the higher margin for the dairy products.
According to the study “Dry,
Condensed, And Evaporated Dairy Product Manufacturing Report 2019” Some
of key manufacturers are Nestlé S.A, The J.M. Smucker Company, GCMMF PVT LTD,
Magnolia Inc., Goya Foods Inc ,Danone, Amul, Nandini, Dean Foods, Fonterra and
Unilever.
Dairy products industry comprises of companies
which operate by selling primarily milk, cheese and butter products. Operators
in the dairy product industry mainly manufacture dairy products such as pasteurized
milk, cream, yogurt, and dry, condensed and evaporated milk. The dairy products
industry also manufactures substitute dairy products made up of soybeans and
other nondairy ingredients. Dairy products industry has been volatile,
particularly due to the fluctuations in raw milk prices and economic recession.
But dairy products industry is one of the most dynamic markets worldwide and it
is growing rapidly in almost all demographics with thriving success.
Asia Pacific is one of key and leading region
for the dairy products manufacturing market followed by Western Europe being
the second largest region for dry, condensed, and evaporated dairy product
manufacturing market. However, the African region is the smallest region in
terms of volume and value for global dry, condensed, and evaporated dairy
product manufacturing market.
The demand for clean label products is
increasing rapidly due to significant rise in awareness of healthy eating.
Clean label dairy products don't contain additives, artificial flavor
enhancers, dyes or artificial preservatives. Also, many food service and retail
grocery chains are stating lists of ingredients that can't be present in food
items in their stores or restaurants. Based on an analysis customers within the
UK and Russia nearly 70% of consumers purchasing dairy and bakery products are
conscious of clean labels and therefore the presence of unpolluted labels
influences their buying decisions and 30% of consumers are trying to find some
quite clean label claim.
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Ankur Gupta, Head Marketing &
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