Global Dairy Spread Market
Market Overview
The global dairy spread market amounted to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in and is likely to continue growth in the immediate term.
In value terms, dairy spread production fell to $ in estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by %. Global production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
China ( tons) remains the largest dairy spread producing country worldwide, accounting for % of total volume. Moreover, dairy spread production in China exceeded the figures recorded by the second-largest producer, Brazil ( tons), fivefold. The third position in this ranking was held by Bangladesh ( tons), with a % share.
From 2007 to, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+% per year) and Bangladesh (-% per year).
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked in and is likely to continue growth in the immediate term.In value terms, dairy spread production fell to $
in estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by %. Global production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.China (
tons) remains the largest dairy spread producing country worldwide, accounting for % of total volume. Moreover, dairy spread production in China exceeded the figures recorded by the second-largest producer, Brazil ( tons), fivefold. The third position in this ranking was held by Bangladesh ( tons), with a % share.From 2007 to
, the average annual growth rate of volume in China was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Brazil (+% per year) and Bangladesh (-% per year).Consumption
In , global dairy spread consumption stood at tons, stabilizing at . In general, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at tons in 2019; afterwards, it flattened through to .
The global dairy spread market size amounted to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level in and is likely to see gradual growth in the immediate term.
, global dairy spread consumption stood at tons, stabilizing at . In general, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at tons in 2019; afterwards, it flattened through to .The global dairy spread market size amounted to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level in and is likely to see gradual growth in the immediate term.Consumption by Country
The countries with the highest volumes of consumption in were China ( tons), the United States ( tons) and India ( tons), with a combined % share of global consumption. Japan, Indonesia, Brazil, Russia, the UK, Bangladesh, Nigeria, Pakistan, Mexico and Turkey lagged somewhat behind, together accounting for a further %.
From 2007 to, the biggest increases were recorded for Indonesia (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($), the United States ($) and Japan ($) appeared to be the countries with the highest levels of market value in , together comprising % of the global market. These countries were followed by India, Mexico, Nigeria, Turkey, Brazil, Indonesia, Pakistan, Russia, Bangladesh and the UK, which together accounted for a further %.
Indonesia, with a CAGR of +%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of dairy spread per capita consumption in were Brazil ( kg per persons), Bangladesh ( kg per persons) and China ( kg per persons).
From 2007 to, the biggest increases were recorded for Brazil (with a CAGR of +%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.
were China ( tons), the United States ( tons) and India ( tons), with a combined % share of global consumption. Japan, Indonesia, Brazil, Russia, the UK, Bangladesh, Nigeria, Pakistan, Mexico and Turkey lagged somewhat behind, together accounting for a further %.From 2007 to
, the biggest increases were recorded for Indonesia (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.In value terms, China ($
), the United States ($) and Japan ($) appeared to be the countries with the highest levels of market value in , together comprising % of the global market. These countries were followed by India, Mexico, Nigeria, Turkey, Brazil, Indonesia, Pakistan, Russia, Bangladesh and the UK, which together accounted for a further %.Indonesia, with a CAGR of +
%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.The countries with the highest levels of dairy spread per capita consumption in
were Brazil ( kg per persons), Bangladesh ( kg per persons) and China ( kg per persons).From 2007 to
, the biggest increases were recorded for Brazil (with a CAGR of +%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.Market Forecast
Driven by increasing demand for dairy spreads worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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