Dairy spreads are added to food products to enhance and improve the taste and sensory properties. The global dairy spreads market is expected to register a significant growth rate during the forecast period owing to the high consumption of processed foods and increasing purchasing power of consumers in developing markets. However, the rising prices of end products are hampering the growth of the global dairy spreads market.
Prominent players in the market are focusing on product innovation and geographic expansion as their key strategies to gain a competitive edge. Due to the high demand for processed and RTE foods across the globe, small-scale players are also trying to adopt these strategies to expand their businesses. These players are investing in manufacturing facilities in domestic as well as international markets to introduce new and innovative products. Thus, these factors are expected to offer profitable opportunities to market players in the coming years.
The global dairy spreads market has been segmented based on type, packaging type, distribution channel, and region.
By type, the dairy spreads industry has been classified as cheese, butter, and others.
On the basis of packaging type, the global dairy spreads market has also been segregated into tubs, tubes/pouches, and others.
The global dairy spreads market has also been segregated, on the basis of distribution channel, into store-based and non-store-based. The store-based segment has further been divided into supermarkets and hypermarkets, convenience stores, and others.
The global dairy spreads industry has been studied for four regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American dairy spreads market has further been segmented into the US, Canada, and Mexico. The European dairy spreads market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe. The dairy spreads market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The dairy spreads industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Arla Foods amba (Denmark), Gujarat Cooperative Milk Marketing Federation Ltd. (India), Britannia Industries Limited (India), The Kraft Heinz Company (US), Lactalis Group (France), Parag Milk Foods Ltd (India), Bel Brands USA, Inc. (US), Land O’Lakes, Inc. (US), Organic Valley (US), and Alouette Cheese USA LLC (US) are some of the key players in the global dairy spreads market.
Regional Market Summary
Global Dairy Spreads Market Share (%), by Region, 2018 Source: Secondary Sources and MRFR Analysis
North America is expected to dominate the global dairy spreads market during the forecast period due to the presence of prominent processed food producers in the region and changing consumer preferences for food products with variety and appeal in the US and Canada. The increasing use of dairy spreads in various products to enhance quality, taste, and texture is expected to result in a significant share for the European market in the coming years. However, the market in Asia-Pacific is expected to register the highest CAGR due to economic growth in the region resulting in increasing per capita disposable incomes boosting the sales of dairy spreads.
Global Market, by Type
Global Market, by Packaging Type
Global Market, by Distribution Channel
Global Market, by Region