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The global dairy market has progressed promptly over the years and the market is further anticipated to escalate during the forecasted years 2021 to 2025.
The market would augment owing to numerous growth drivers such as escalating disposable income, rising milk products demand, augmenting need for nutritional food, increasing urban population, escalating ice cream industry, etc.
However, the market faces some challenges which are hindering the growth of the market. Some of the major challenges faced by the industry are bulging demand for plant-based food products and fluctuation in dairy products production. Moreover, the market growth would succeed by various market trends like augmenting artificial intelligence technology, escalating IoT technology, surging demand for lactose free products, etc.