MarketResearch.com has announced the addition of the new report "Dairy Market Outlook," to its collection of Beverages market reports. For more information, visit http://www.marketresearch.com/Business-Insights-v893/Dairy-Outlook-6856420/
The U.S. was the world's largest milk producer in 2009, followed by India. Other emerging markets have also increased their milk production, but have been unable to fulfill domestic demand. At the same time, new product launches in Asia have accounted for a decreasing share of innovation, while Latin American markets increased their share.
The global dairy market was valued at $323 billion in 2009, and is set to grow at a compound annual growth rate (CAGR) of 3.8 percent between 2009 and 2015, to reach $419 billion by 2015. The European markets accounted for the largest share of sales in the dairy market with approximately 47 percent of value sales in 2010, followed by North America with 17 percent.
The importance of dairy products with functional claims cannot be underestimated: These added value products tap into consumer demands for products that enable them to maintain a healthy lifestyle, and there has been strong growth in the innovation of products that offer consumers beauty benefits.
For more information, visit http://www.marketresearch.com/Business-Insights-v893/Dairy-Outlook-6856420/
