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The global dairy market attained a value of about USD 724 billion in 2020. The market is expected to grow at a CAGR of 2.7% during the forecast period of 2022-2027 to reach USD 925 billion by 2026.
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Asia Pacific and Western Europe are the leading markets globally. The global dairy market is affected by the climate of the Asia dairy markets. The dairy consumption has been on a rise in Asia over the years due to a growing population, expanding middle class, and an increase in liberalised trade deals. China and India are the leading producers in the region. Japan, Indonesia, Malaysia, and Philippines are the other significant markets in the region.
The dairy export from key markets like EU, US, New Zealand, Australia, Argentina, and Uruguay increased by nearly 5.2% in volume in March 2018, as compared to Q1 of 2017, attaining 11,600,000 tonnes. The exports also saw a substantial growth in value, growing by 15.3% from 2017 to the initial half of 2018, reaching 11,600,000 tonnes. The dairy exports value in these countries were aided by the increase in the prices of major dairy commodities in 2018. With the imposition of retaliatory tariffs by China on US products, the exports of milk powder, whey, lactose, cheese and butterfat decreased by 47% in October 2018, while US exports rose by 14%. Southeast Asia and Mexico were especially lucrative markets for US dairy exports in 2018.
The global dairy market was aided by the growing milk market whose output reached nearly 827 million tons in 2018, witnessing a 2% growth from 2017. Cheese is one of the leading products globally. In 2018, the global cheese trade saw a slight increase of 1.2% from 2017, reaching 2.6 million tons.
Dairy and its products include drinking milk ranging from whole to semi-skimmed to skimmed milk, and also includes products made of milk like butter, cheese, yoghurt, milk powder, and ice cream, among others. Dairy makes up an essential part of the daily nutritious diet as it contains nutrients like Vitamin A, vitamin B, vitamin B12, calcium, protein, riboflavin, and other essential minerals. Cow’s milk is one of the most popular products globally and contains 3.2 grams of proteins per serving of 100 millilitres. Milk, yoghurt, and cheese are especially rich in vitamin. Dairy has various health benefits like the strengthening of bones.
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The major products available in the market are:
Cheese is a popular dairy product globally while drinking milk remains the leading dairy product that is extensively consumed the world over. While dairy and its products find the majority of their application in the food and beverage sector, they also find applications in related industries like sports nutrition, medical nutrition, and infant formula.
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The EMR report analyses the global dairy market as well as the market in North America, Asia Pacific, Europe, Latin America, and Middle East and Africa regions.
The US was one of the leading markets globally in 2020. In 2019, dairy production in the country increased by 1.4% as compared to the previous year. The US also led the market as the largest cheese producer in 2020.
Globally, there has been a rising trend for the production of dairy and its products. The surplus of dairy production is alleviated by a growing demand for milk and cheese from countries like China. China is a growing market for dairy, driven by an increasing population and rising demand locally. The US dairy exports to China increased by almost a quarter in 2017 as compared to 2016. While the Chinese production of dairy saw a downward trend since 2016, dairy production in China is expected to grow significantly in the coming few years. Belarus, Canada, Iran, and Turkey are emerging markets for dairy exports. Australia is a leading exporter and exports over half of the dairy and its products it produces.
The European Union led the market in 2018 in terms of the total cow milk production, which attained a volume of 154.8 million metric tons. It was followed by the United States and India as leading milk producers. The EU consumes almost 45 million metric tons of dairy products annually and has more than 300 cheese and dairy products. In Germany, specifically, the dairy industry was one of the most significant segments in the food and beverage industry, only second to the meat and meat products segment in 2017.
Products like soft cheese, yoghurt, milk protein, and flavoured milk are seeing growth due to increasing health consciousness among the consumers, and thus driving the global dairy market. In Germany, consumers are using soft cheese as an alternative to meats.
The global dairy prices saw an increase throughout 2017 due to a decline in milk production in late 2016 and early 2017. Butter prices witnessed an impressive growth in 2017, growing at an average of 65% higher than 2016. While the butter witnessed a decline in 2018, they still remained comparatively higher than in recent years. The prices of milk powder, on the other hand, increased in 2018. The report provides the regional price trends of dairy for the periods 2017-2021 and 2022-2027.
The report provides an analysis of the following key players in the global dairy market, looking into their market share, capacity, and latest developments like capacity expansions, mergers and acquisitions, and plant turnarounds:
EMR’s comprehensive report provides an in-depth look into the global dairy market and offers a SWOT analysis of the market along with analysing Porter’s five forces.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Region|
|Breakup by Product||Fluid/UHT/Flavoured Milk, Cream, Butter, Ghee, Anhydrous Milk Fat (AMF),
Skimmed Milk Powder/Non-fat Dry Milk, Whole Milk Powder,
Whey Protein (Powder and Concentrate), Indian Cheese (Paneer), Lactose, Casein, Cheese, Yoghurt, Ice-cream, Probiotic Dairy Products
|Breakup by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends-Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Nestlé S.A, Danone S.A., Lactalis Group., Dairy Farmers of America, Inc, Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited,
Arla Foods amba, Saputo Inc., China Mengniu Dairy Company Limited, Others
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Dairy Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Historical Market (2017-2021)
8.3 Global Dairy Market Forecast (2022-2027)
8.4 Global Dairy Market by Product
8.4.1 Fluid/UHT/Flavoured Milk
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.5 Anhydrous Milk Fat (AMF)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.4.6 Skimmed Milk Powder/Non-Fat Dry Milk
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.7 Whole Milk Powder
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.4.8 Whey Protein (Powder and Concentrate)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.9 Indian Cheese (Paneer)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.4.15 Probiotic Dairy Products
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.5 Global Dairy Market by Region
8.5.1 Market Share
126.96.36.199 North America
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
18.104.22.168 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
22.214.171.124 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 04)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Danone S.A.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.2.2 Royal FrieslandCampina N.V.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.2.3 Arla Foods amba
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.2.4 Nestlé S.A.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.2.5 Fonterra Co-operative Group Limited
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.2.6 Dairy Farmers of America, Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.2.7 Lactalis Group
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.2.8 Saputo Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.2.9 China Mengniu Dairy Company Limited
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Dairy Market: Key Industry Highlights, 2017 and 2027
2. Global Dairy Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Dairy Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Dairy Historical Market: Breakup by Region (USD Billion), 2017-2021
5. Global Dairy Market Forecast: Breakup by Region (USD Billion), 2022-2027
6. North America Dairy Historical Market: Breakup by Country (USD Billion), 2017-2021
7. North America Dairy Market Forecast: Breakup by Country (USD Billion), 2022-2027
8. Europe Dairy Historical Market: Breakup by Country (USD Billion), 2017-2021
9. Europe Dairy Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Asia Pacific Dairy Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Asia Pacific Dairy Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Latin America Dairy Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Latin America Dairy Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Middle East and Africa Dairy Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Middle East and Africa Dairy Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Dairy Market Structure
The major drivers of the global dairy market, such as rising global populations, rising demand for dairy products, changing dietary habits, rapid urbanisation, and increasing incomes, are expected to aid the market growth.
The key market trend guiding the growth of the market includes the rising dairy consumption from the emerging economies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product of dairy in the dairy market are fluid/UHT/flavoured milk, cream, butter, ghee, anhydrous milk fat (AMF), skimmed milk powder/non-fat dry milk, whole milk powder, whey protein (powder and concentrate), Indian cheese (paneer), lactose, casein, cheese, yoghurt, ice-cream, and probiotic dairy products.
The major players in the dairy market are Nestlé S.A, Danone S.A., Lactalis Group, Dairy Farmers of America, Inc, Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Arla Foods amba, Saputo Inc., Inner Mongolia Yili Industrial Group Co Ltd, China Mengniu Dairy Company Limited, and Dean Foods Company.
The global dairy market is being driven by rising global populations. Aided by the technological advancements, the market is expected to witness a moderate growth in the forecast period of 2022-2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the market can be segmented into fluid/UHT/flavoured milk, cream, butter, ghee, anhydrous milk fat (AMF), skimmed milk powder/non-fat dry milk, whole milk powder, whey protein (powder and concentrate), Indian cheese (paneer), lactose, casein, cheese, yoghurt, ice-cream, and probiotic dairy products. The major regional markets for dairy are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the dairy market include Nestlé S.A, Danone S.A., Lactalis Group., Dairy Farmers of America, Inc, Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Arla Foods amba, Saputo Inc., China Mengniu Dairy Company Limited, Others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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