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Report Overview
The global dairy market attained a value of approximately USD 561.66 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 3.60%, reaching a value of around USD 799.97 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- According to Dairy UK, 12,000 active dairy farmers produce nearly 15 billion litres of milk annually, contributing to a £9.2bn wholesale value of dairy products.
- APEDA confirms India leads the world in milk production, producing approximately 230.58 million tonnes of milk in the 2022-23 period.
- FAO reports global milk production reached 965.7 million tonnes in 2023, showing a 1.5% growth from the previous year.
Dairy Market Competitive Landscape
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.
Dairy Market Report Snapshots
Dairy Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global dairy market attained a value of USD 561.66 Billion.
The global dairy market is expected to grow at a CAGR of 3.60% between 2025 and 2034.
The market is estimated to reach USD 799.97 Billion by 2034.
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 market is broken down into North America, Europe, Asia Pacific, Latin America, 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 market key players 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.
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