The Business Research Company Global Dry, Condensed and Evaporated Dairy Products Market Report 2021 – Impact and Recovery of COVID-19
LONDON, GREATER LONDON, UK, September 29, 2021 /EINPresswire.com/ – According to new ‘Dry, Condensed, and Evaporated Dairy Products Global Market Report 2021 – COVID-19 Impact and Recovery’ market research report released by The Business Research Company, the market for dry, condensed and evaporated dairy products is expected to grow from $ 85.46 billion in 2020 to $ 93.46 billion in 2021 at a compound annual growth rate (CAGR) of 9, 4%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. The market is expected to reach $ 118 billion in 2025 at a CAGR of 6%. The growing demand for local, sustainable and organic food production is expected to positively impact the dry, condensed and evaporated dairy product manufacturing market during the forecast period.
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The dry, condensed and evaporated dairy products market includes sales of dry, condensed and evaporated dairy products by entities (organizations, independent traders and partnerships) that produce dry, condensed and evaporated milk and dairy substitutes. Companies in the sector package and distribute their products through various distribution channels both to individual customers and to commercial establishments. The dry, condensed and evaporated dairy products market is segmented into dry dairy products; condensed milk product and evaporated milk product.
Global market trends for dry, condensed and evaporated dairy products
Internet of Things (IoT) technology is increasingly used to track dairy products and ensure safe handling of products. IoT technology is a network of devices, vehicles or other elements that constantly exchange data and provide information about a process or system. This technology is used to track the ingredients used in products. Internet-connected equipment in trucks and storage coolers can be used to monitor dairy products and label them with environmental conditions such as temperature or location that provide information on safe handling of products during transport. For example, the Chinese government has established the National Food Safety and Quality Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.
Global Dry, Condensed and Evaporated Dairy Products Market Segments:
The global dry, condensed and evaporated dairy market is further segmented:
By type: dry dairy product, condensed dairy product, evaporated dairy product
By distribution channel: supermarkets / hypermarkets, mini markets, e-commerce, others
By end use: food, beverages, intermediates, condiments, others
By Geography: The global dry, condensed and evaporated dairy products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa. Among these regions, the Western European dry, condensed and evaporated dairy market accounts for the largest share of the global dry, condensed and evaporated dairy market.
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The Global Dry, Condensed and Evaporated Dairy Products Market report 2021 is part of a series of new reports from The Business Research Company that provides Dry, Condensed and Evaporated Dairy Products market overviews, analysis, and forecast on market size and growth for global dry, Condensed and Evaporated Dairy Products market, Dry, condensed and evaporated dairy products market share, Dry, condensed and evaporated dairy products market players, market segments and geographies Dry, Condensed and Evaporated Dairy Products, Dry, Condensed and Evaporated Dairy Products revenue, profiles and market share of major competitors in the product market. The Dry, Condensed and Evaporated Dairy Products market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read The Business Research Company’s 2021 Global Dry, Condensed & Evaporated Dairy Market Report 2021 for insight into the following:
Data segments: market size, global, by region and by country; Historical and forecast size, and growth rate for the world, 7 regions and 12 countries
Market organizations for dry, condensed and evaporated dairy products: NestlÃ© SA; The JM Smucker Company; GCMMF PVT LTD; Magnolia Inc .; Goya Foods Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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