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Export subsidies can make locally produced dairy products more competitive in the global market, potentially increasing a country's export volumes.

Milk is traded globally as a commodity, with prices influenced by international supply and demand, impacting the revenue of dairy farmers.

Shifts in consumer health consciousness, environmental concerns, and dietary preferences greatly influence demand for specific dairy products.

Dairy producers use market segmentation to target specific consumer groups, such as those looking for lactose-free, organic, or A2 milk products.

Strong branding can differentiate dairy products in a saturated market, enabling producers to command higher prices and customer loyalty.

Understanding the product life cycle allows dairy businesses to manage the stages of a dairy product, from introduction to decline, effectively.

The dairy industry creates value-added products such as cheese or yogurt to increase profitability and offer consumers diversified options.

Elasticity measures how sensitive the quantity demanded or supplied is to a given price change in dairy products.

Government-imposed price floors can ensure dairy farmers receive a minimum price for their milk, protecting against market price fluctuations.