Dairy Foods Market Size Worth $1,346.32 Billion By 2030 | CAGR: 6.5%

The global dairy foods market size is expected to reach USD 1,346.32 Billion by 2030 according to a new study by Polaris Market Research.

The report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Factors such as the rising consumer disposable income, growing health consciousness, increased milk production in developing countries, as well as increased consumption of protein-enriched foods are expected to contribute to the demand for the products over the forecast period.

The growth of the industry is attributed to the consumers shifting preference from meat to milk-based products for micronutrients and proteins, along with the development of the new innovative product offerings by the manufacturers present across the globe.

The essential nutritional benefits offered by the milk products along with the increased spending of consumers on lactose-free products is boosting the industry demand. In addition, the rising trend of consuming lactose-free products among the young population is further contributing to the global demand.