Base Year
Historical Year
Forecast Year
The global dairy products market reached approximately USD 944.93 billion in 2023. The market is projected to grow at a CAGR of 7.8% between 2024 and 2032, reaching a value of around USD 1,857.7 billion by 2032.
| Global Dairy Products Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 944.93 |
| Market Size 2032 | USD Billion | 1,857.7 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.8% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 10.1% |
| CAGR 2024-2032 - Market by Country | India | 11.6% |
| CAGR 2024-2032 - Market by Country | Brazil | 8.5% |
| CAGR 2024-2032 - Market by Product | Yoghurt | 8.8% |
| CAGR 2024-2032 - Market by Distribution Channel | Online Channels | 8.6% |
| Market Share by Country 2023 | India | 12.5% |
The multiple health benefits of dairy products, the expansion of the retail sector, and the rising demand for organic dairy products are some of the most influential factors boosting the market growth. Dairy products such as milk, cheese, and yoghurt offer nutrients such as vitamin D, calcium, and B12, among others, which can aid muscle growth and bone strength.
Organic dairy products are gaining prominence in the market as they do not contain any harmful pesticides and synthetic hormones that can have a negative impact on health. Several market players are also investing in organic dairy facilities, for instance, Akshayakalpa Organic, announced a new production facility in Chennai, India, on January 22, 2024, with a capacity to produce around 40,000 litres of organic dairy products per day.
Increased introduction of value-added dairy products is one of the crucial trends aiding the market development. Some of these items include Greek yoghurt and protein cheeses which offer additional health benefits and assist the manufacturers in tapping niche market segments. Additionally, several government bodies are entering into trade agreements for niche dairy products. For example, Brazilian and Indian governments are discussing a proposed partnership under which Indian dairy products such as camel milk and special cheese can be traded to Brazil.
Market players are increasing investments in the dairy sector to boost their production capacities and increase market reach. For instance, Arla Foods announced in May 2024 that it aims to invest around £300 million in five of its UK facilities for the expansion and modernisation of its facility.
“Global Dairy Products Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Distribution Channel
Market Breakup by Region
| CAGR 2024-2032 - Market by | Country |
| India | 11.6% |
| Brazil | 8.5% |
| Canada | 7.4% |
| UK | 7.1% |
| Australia | 6.9% |
| USA | XX% |
| Germany | XX% |
| China | XX% |
| Japan | 6.0% |
| Saudi Arabia | XX% |
| Mexico | XX% |
| France | 5.5% |
| Italy | 4.9% |
Due to the large selection of food and beverage items as well as domestic consumables that are available, supermarkets and hypermarkets are dominating the market for dairy products. Moreover, the supermarkets and hypermarkets are situated in easily accessible urban locations. The producers of dairy products receive a steady flow of income from this sales channel.
Additionally, the rise of e-commerce has led to a quick growth in online grocery and food retail stores, which is predicted to support the expansion of the dairy products industry. Sales of dairy products have increased as a result of the worldwide market's expansion in online food and grocery delivery services, and this trend is predicted to continue in the coming years.
The market players are launching their products in the international market to gain a competitive advantage.
| REPORT FEATURES | DETAILS |
| 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:
|
| Breakup by Product |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market reached an approximate value of USD 944.93 billion.
The market is estimated to grow at a CAGR of 7.8% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 1,857.7 billion by 2032.
The market is being driven by multiple health benefits of dairy products, the expansion of the retail sector, and the rising demand for organic dairy products.
The key trends aiding the market include Increased introduction of value-added dairy products, partnerships between government bodies, and increased investments by market players in the dairy sector.
Regions considered in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Based on product, market segmentations include milk, cheese, yogurt, and butter, among others.
Different types of distribution channels are supermarkets and hypermarkets, convenience stores, and online, among others.
The major players in the market are Nestle S.A., Arla Foods amba, Danone S.A., Fonterra Co-Operative Group Ltd., MEIJI Holdings Co. Ltd., Royal FrieslandCampina N.V., DMK Deutsches Milchkontor GmbH, Dairy Farmers of America, Inc., Groupe Lactalis, and Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share