DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Dairy Snack Market - Growth Trends and Forecasts (2016 - 2021)" report to their offering.
Dairy-based snacks account for around 13% of the total snacks consumed, globally. Currently, there is almost a 51% greater chance in the dairy snacks innovation, compared to other snack categories. During the last two decades, this industry has not created any new consumer-friendly snacks, due to the refrigeration and portability issues. If this industry can focus on such problem elimination, innovation, and product differentiation, the share of dairy snacks can increase in the global snacks industry. However, there are few good market changes happening, such as rising consumer awareness, the popularity of inherent goodness of milk products, and rising demand for dairy-based ingredients, which can be beneficial for the industry.
The global dairy snack industry is largely driven by rising consumer health consciousness, increasing disposable incomes and growing snack consumption habits. However, increasing lactose intolerance among the consumers and a shift to non-dairy products are restraining the growth of this market. The rise in popularity of vegan trends is another restraint for this market. Regarding opportunities, products with longer shelf-life and innovative products with different ingredients still prevail in the market.
The global dairy snack market is segmented by product type into cheese, yogurt, butter, buttermilk, ice cream, lactose-free milk and others. The demand for ice creams has been growing rapidly, and consumer indulgence is the major reason for this growth. Also, lactose-free milk has gained popularity, globally, due to the rise in lactose intolerance among the people.
Some of the major players in the market include:
- Kraft Foods, Inc.
- Nestle SA
- Blue Bell Creameries
2. Research Approach & Methodology
3. Key Findings of the Study
4. Market Dynamics
5. Market Segmentation
6. Competitive Landscape
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/r4p45g/global_dairy