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The global dairy market size attained a value of approximately USD 542.14 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.60%, reaching a value of around USD 745.32 billion by 2032.
The dairy market growth is being driven by the rising consumer awareness of health benefits of dairy products and the expanding range of available products. The versatile range of dairy products encourages their widespread consumption, including through direct products such as milk, yogurt, and ice-cream, as well as in cooking, in the form of butter and cheese. The growing trend of organic products is influencing the market for dairy, as more consumers seek organic dairy products that do not have any chemical components. Increase in distribution channels is further augmenting the market for dairy, with consumers able to access dairy products from local convenience stores, larger chain supermarkets/hypermarkets, and online retailers.
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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.
The dairy market segmentation based on product is 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 is 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 report gives a detailed analysis of the following key players in the dairy market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
At a global level, fluid/UHT/flavoured milk accounts for a considerable share in the market for dairy. 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 global dairy products market share that is extensively used in cooking preparations, particularly in pastas, snack items, sandwiches, salads, and pizzas. Soft cheeses, milk, and yoghurt are widely preferred by consumers because of growing health consciousness. Dairy ice-cream is immensely popular and has a considerable share of the market for dairy as it is a tasty dessert and also contains nutrients.
Asia Pacific is in a leading position in the dairy global 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.
The region of Europe also accounts for a considerable share of the global market for dairy, 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 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.
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Danone S.A. was founded in 1919 and has its headquarters in Paris, France. It is a multinational French food company that delivers healthy products like plant-based foods, 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 headquarters in Aarhus, 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 headquarters in Vevey, Switzerland. It is among the largest food and beverage companies 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 Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Dairy Farmers of America, Inc., Lactalis Group, Saputo Inc., China Mengniu Dairy Company Limited, and Meiji Holdings Company, Ltd, among others.
REPORT FEATURES | DETAILS |
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Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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 Opportunities and Challenges in the Market
8 Global Dairy Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Historical Market (2018-2023)
8.3 Global Dairy Market Forecast (2024-2032)
8.4 Global Dairy Market by Product
8.4.1 Fluid/UHT/Flavoured Milk
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cream
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Butter
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Ghee
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Anhydrous Milk Fat (AMF)
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Skimmed Milk Powder/Non-Fat Dry Milk
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Whole Milk Powder
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Whey Protein (Powder and Concentrate)
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Indian Cheese (Paneer)
8.4.9.1 Historical Trend (2018-2023)
8.4.9.2 Forecast Trend (2024-2032)
8.4.10 Lactose
8.4.10.1 Historical Trend (2018-2023)
8.4.10.2 Forecast Trend (2024-2032)
8.4.11 Casein
8.4.11.1 Historical Trend (2018-2023)
8.4.11.2 Forecast Trend (2024-2032)
8.4.12 Cheese
8.4.12.1 Historical Trend (2018-2023)
8.4.12.2 Forecast Trend (2024-2032)
8.4.13 Yoghurt
8.4.13.1 Historical Trend (2018-2023)
8.4.13.2 Forecast Trend (2024-2032)
8.4.14 Ice-Cream
8.4.14.1 Historical Trend (2018-2023)
8.4.14.2 Forecast Trend (2024-2032)
8.4.15 Probiotic Dairy Products
8.4.15.1 Historical Trend (2018-2023)
8.4.15.2 Forecast Trend (2024-2032)
8.5 Global Dairy Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Dairy Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Dairy Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Dairy Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Dairy Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Dairy Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 04)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Danone S.A.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Royal FrieslandCampina N.V.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Arla Foods amba
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Nestlé S.A.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Fonterra Co-operative Group Limited
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Dairy Farmers of America, Inc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Lactalis Group
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Saputo Inc.
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 China Mengniu Dairy Company Limited
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Meiji Holdings Company, Ltd
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.3.11 Others
19 Key Trends and Developments in the Market
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 2032
2. Global Dairy Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Dairy Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Dairy Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Dairy Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Dairy Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Dairy Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Dairy Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Dairy Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Dairy Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Dairy Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Dairy Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Dairy Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Dairy Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Dairy Market Forecast: Breakup by Country (USD Billion), 2024-2032
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
In 2023, the global market for dairy attained a value of USD 542.14 billion.
The global market for dairy is expected to grow at a CAGR of 3.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 745.32 billion by 2032.
Increase in population, changing dietary habits, and awareness of benefits of dairy products are the major market drivers.
The key dairy market trends include development of new dairy products, new tastes and preferences of consumers, and growing usage by end-user sectors.
The major regional markets for dairy are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Dairy milk is mostly obtained from lactating mammals such as cows, goats, camels, and sheep.
The various products in the market for dairy 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 market, according to the report, 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., China Mengniu Dairy Company Limited, and Meiji Holdings Company, Ltd, among others.
The global dairy market attained a value of USD 542.14 billion in 2023, driven by rising global populations. Aided by the awareness of benefits of dairy products, the market is expected to grow at a CAGR of 3.60% between 2024 and 2032, to reach a value of around USD 745.32 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on product, the market is 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 market include 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., China Mengniu Dairy Company Limited, and Meiji Holdings Company, Ltd, among 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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