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The global dairy market is expected to grow at a CAGR of 2.7% between 2023 and 2028, driven by increasing demand for derived products and rising awareness of health benefits.
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Dairy refers to milk and products derived from milk such as butter, cheese, yogurt, or cream. Dairy products contain calcium, proteins, vitamin A, vitamin B, vitamin B12, riboflavin and other nutrients and minerals, and are known for strengthening bones. Most commonly dairy milk is obtained from cows, goats, camels, and sheep, among others.
Based on product, 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. On the basis of region, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The dairy market report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
At a global level, the dairy milk market share is the single largest segment worldwide in the dairy products market, whether in full cream form, skimmed, powdered, flavoured, or any other format. Consumption of milk is considered a daily tradition in households across the world, particularly for children, whether with added flavours or with cereals.
Cheese is another popular dairy product with a sizable dairy industry market share that is extensively used in cooking preparations, particularly in pastas, snack items, sandwiches, salads, and pizzas. Butter also finds wide applications in baking. According to the dairy market research, soft cheeses, milk, and yoghurt are widely preferred by consumers because of their growing health consciousness. Dairy ice-cream is immensely popular and has a considerable dairy market share as it is a tasty dessert and also contains nutrients.
Asia Pacific is in a leading position in the global dairy market due to the high volumes of milk production, increasing populations, and rising disposable incomes. Significant milk producers in the region include India and China, while other substantial markets include Japan, Malaysia, Indonesia, and the Philippines.
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The region of Europe also accounts for a considerable segment in the dairy market size, particularly for cheeses and butters. The European Union is a significant producer of cow milk, along with over 300 types of cheeses and other dairy products. In North America, the US dairy market size is substantially large, with high levels of production and consumption.
Historically, there has been a surplus in dairy production with extensive exports to regions with relatively lower production, resulting in stable dairy market prices.\
Danone S.A. founded in 1919 has its headquarter in Paris, France. It is a multinational French food company that delivers healthy products like plant-based products, medical nutrition, dairy products, bottled water, and early life nutrition.
Arla Foods amba is a Danish-Swedish dairy company which was established in 2000 and has its headquarter in Denmark. It is a farmer-owned company that produces most of the milk they supply. Their objective is to contribute to a sustainable future by providing naturally built solutions.
Nestlé S.A. founded in 1866 has its headquarter in Vevey, Switzerland. It is the largest food and beverage company in the world. With a company motto of ‘Good Food, Good Life’, they believe in discovering the power of food and then producing and supplying it to the world to improve the quality of everyone’s life.
Other market players include Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Dairy Farmers of America, Inc., Lactalis Group, Saputo Inc., and China Mengniu Dairy Company Limited, among others.
REPORT FEATURES | DETAILS |
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Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Dairy Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Historical Market (2018-2022)
8.3 Global Dairy Market Forecast (2023-2028)
8.4 Global Dairy Market by Product
8.4.1 Fluid/UHT/Flavoured Milk
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cream
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Butter
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Ghee
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Anhydrous Milk Fat (AMF)
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Skimmed Milk Powder/Non-Fat Dry Milk
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Whole Milk Powder
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2018-2022)
8.4.7.3 Forecast Trend (2023-2028)
8.4.8 Whey Protein (Powder and Concentrate)
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2018-2022)
8.4.8.3 Forecast Trend (2023-2028)
8.4.9 Indian Cheese (Paneer)
8.4.9.1 Market Share
8.4.9.2 Historical Trend (2018-2022)
8.4.9.3 Forecast Trend (2023-2028)
8.4.10 Lactose
8.4.10.1 Market Share
8.4.10.2 Historical Trend (2018-2022)
8.4.10.3 Forecast Trend (2023-2028)
8.4.11 Casein
8.4.11.1 Market Share
8.4.11.2 Historical Trend (2018-2022)
8.4.11.3 Forecast Trend (2023-2028)
8.4.12 Cheese
8.4.12.1 Market Share
8.4.12.2 Historical Trend (2018-2022)
8.4.12.3 Forecast Trend (2023-2028)
8.4.13 Yoghurt
8.4.13.1 Market Share
8.4.13.2 Historical Trend (2018-2022)
8.4.13.3 Forecast Trend (2023-2028)
8.4.14 Ice-Cream
8.4.14.1 Market Share
8.4.14.2 Historical Trend (2018-2022)
8.4.14.3 Forecast Trend (2023-2028)
8.4.15 Probiotic Dairy Products
8.4.15.1 Market Share
8.4.15.2 Historical Trend (2018-2022)
8.4.15.3 Forecast Trend (2023-2028)
8.5 Global Dairy Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
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.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Royal FrieslandCampina N.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Arla Foods amba
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Nestlé S.A.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Fonterra Co-operative Group Limited
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Dairy Farmers of America, Inc.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Lactalis Group
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Saputo Inc.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 China Mengniu Dairy Company Limited
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Dairy Market: Key Industry Highlights, 2018 and 2028
2. Global Dairy Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Dairy Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Dairy Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Dairy Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. North America Dairy Historical Market: Breakup by Country (USD Billion), 2018-2022
7. North America Dairy Market Forecast: Breakup by Country (USD Billion), 2023-2028
8. Europe Dairy Historical Market: Breakup by Country (USD Billion), 2018-2022
9. Europe Dairy Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Asia Pacific Dairy Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Asia Pacific Dairy Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Latin America Dairy Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Latin America Dairy Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Middle East and Africa Dairy Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Middle East and Africa Dairy Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 global market for dairy is expected to grow at a CAGR of 2.7% between 2023 and 2028.
Increase in population, changing dietary habits, and awareness of benefits of dairy products are the major market drivers.
The key trends of the market are rise in demand, new tastes and preferences of consumers, and growing usage by end-user sectors.
The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players in the global market are Danone S.A., Royal FrieslandCampina N.V., Arla Foods amba, Nestlé S.A., Fonterra Co-operative Group Limited, Dairy Farmers of America, Inc., Lactalis Group, Saputo Inc., and China Mengniu Dairy Company Limited, among others.
Dairy milk is mostly obtained from the lactating mammals such as cows, goats, camels, sheep, and others.
The market is segmented based on product and region.
The major dairy products in the 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 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 2023-2028.
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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