The Latin America dairy market was valued at USD 56.74 Billion in 2025. The industry is expected to grow at a CAGR of 4.50% during the forecast period of 2026-2035 to attain a valuation of USD 88.12 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.5%
Value in USD Billion
2026-2035
*this image is indicative*
The dairy market in Latin America is witnessing a growing milk production. In 2018, South America milk production rose by a slight 1.1% from 2017, to reach 64 million tonnes. The milk production is expected to continue growing in countries like Argentina, Colombia, Chile and Uruguay. However, the milk output in Brazil, a major player in the region, is expected to decline due to truckers’ strike in May which disrupted feed delivery and milk collection. In 2018, the milk output in Brazil was 34.9 million tonnes, a drop of 1.1% from 2017. This decline in Brazil might affect the dairy market in the region.
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Dairy and its products make an essential part of the daily balanced diet. Dairy products contain important nutrients like vitamin A, vitamin D, calcium, protein, potassium and others. They are a rich source of calcium with cheese being especially rich in proteins. They are finding uses in the food and beverage, infant nutrition and sports nutrition sectors, among others.
Market Breakup by Product
Market Breakup by Structure
Market Breakup by Region
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The Latin America dairy market is driven by the rapidly growing urbanisation and the rise of the emerging markets. With an increasing health consciousness among the consumers, there has been a growing demand for dairy nutrition, which are low in calorie and are lactose-free. The increasingly busy schedules of the consumers are also leading to a rising demand for convenient and on-the-go products like yoghurt. With the expansion of dairy distribution channels like convenience stores and supermarkets, the markets for packaged milk and single serve drinking yoghurt bottles are expected to grow in the coming years in the region.
Cheese is one of the leading products in the Latin America region along with milk and yoghurt. The cheese trade in South America saw a growth of 5.7% in 2018, as compared to the previous year. The export of dairy products from Uruguay and Argentina is expected to expand in the coming years. Despite the drought conditions experienced by Argentina in early 2018, the country witnessed a 7% growth in its dairy exports from 2017 to reach 10.8 million tons in 2018. The reducing cow herd size since 2012 in the country is being offset by the higher milk yields per cow.
Brazil is a leading market in the region and any changes in the market affects the Latin America dairy market as a whole. In Brazil, there has been a rising demand for traditional dairy products like requeijão cheese, driving the demand for processed cheese. Milk is a major product consumed in the region as a daily staple food across income groups. However, due to the feed supply shortage caused by the truckers’ s strike, milk yields in the country will take time to recover. The growth of the cheese market in the country will also be affected due to the reduced milk output.
In 2017, the average price of dairy export rose by 31% as compared to 2016. This was due to the rise in export prices between May to September 2017 owing to a tightened supply from major producing countries in Europe and South America along with an increase in the demand for dairy products in Asia. The dairy prices, however, started to decrease in the last quarter of 2017 with an increase in supplies from leading producing nations.
The EMR report analyses the regional price trends in the Latin America dairy market.
The report presents a detailed analysis of the following key players in the Latin America dairy market, covering their market share, capacities, and latest turn of events such as capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive EMR report gives an in-depth insight into Latin America dairy market providing an analysis of the value chain, price trends, and manufacturing processes. It also offers Porter’s five forces analysis.
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In 2025, the market attained a value of nearly USD 56.74 Billion.
The major drivers of the industry such as rising disposable incomes, increasing population, rapid urbanisation, and the rising demand from the emerging markets.
The rising export of dairy products from Uruguay and Argentina is expected to be a key trend guiding the growth of the industry.
Brazil, Argentina, and Colombia are the leading regions in the market.
The leading products in the market include fluid/UHT/flavoured milk, cream, butter, anhydrous milk fat (AMF), whey protein (powder and concentrate), lactose, casein, cheese, yoghurt, ice-cream, and probiotic dairy products.
The leading players in the market are SanCor Cooperativas Unidas Limitada, Mastellone Hermanos SA, Nestle S.A., Lactalis Group, Alpina SA, Lacteos Betania SA.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 88.12 Billion by 2035.
The market is assessed to grow at a CAGR of 4.50% between 2026 and 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Product |
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| Breakup by Structure |
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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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| 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. |
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