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Global Dairy Products Market Size, Analysis, Forecast: By Product: Milk, Cheese, Yogurt, Butter, Others; By Distribution Channel: Supermarkets and Hypermarkets, Convenience Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Dairy Products Market Size
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% |
Global Dairy Products Market Outlook
- As per the industry reports, the total milk production in India reached 230.58 million tonnes in 2023.
- As of 2022, Germany was the largest milk producer in the European Union, followed by France and the Netherlands.
- The U.S. Department of Agriculture (USDA) announced a grant of USD 23 million on June 28th, 2023, to support the dairy businesses in the region for their business development plans, marketing strategies, and innovative production techniques.
Global Dairy Products Market Growth
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 Industry Segmentation
“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
- Milk
- Cheese
- Yogurt
- Butter
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
| 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% |
Global Dairy Products Market Share
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.
Leading Companies in Global Dairy Products Market
The market players are launching their products in the international market to gain a competitive advantage.
- 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
- Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF)
- Others
Key Highlights of the Report
| 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.
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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Dairy Products Market Analysis
8.1 Key Industry Highlights
8.2 Global Dairy Products Historical Market (2018-2023)
8.3 Global Dairy Products Market Forecast (2024-2032)
8.4 Global Dairy Products Market by Product
8.4.1 Milk
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cheese
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Yogurt
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Butter
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Dairy Products Market by Distribution Channel
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Convenience Stores
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Online
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Dairy Products Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Dairy Products 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 Products 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 Products 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 Products 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 Products 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 – 0405)
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 Nestle 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 Arla Foods amba
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 Danone S.A.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certification
18.2.4 Fonterra Co-Operative Group Ltd.
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 MEIJI Holdings Co. Ltd.
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 Royal FrieslandCampina N.V.
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 DMK Deutsches Milchkontor GmbH
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 Dairy Farmers of America, 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 Groupe Lactalis
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 Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF)
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
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Dairy Products Market: Key Industry Highlights, 2018 and 2032
2. Global Dairy Products Historical Market: Breakup by Product (USD Billion), 2018-2023
3. Global Dairy Products Market Forecast: Breakup by Product (USD Billion), 2024-2032
4. Global Dairy Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global Dairy Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global Dairy Products Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Dairy Products Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Dairy Products Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Dairy Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Dairy Products Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Dairy Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Dairy Products Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Dairy Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Dairy Products Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Dairy Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Dairy Products Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Dairy Products Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Dairy Products Market Structure
Key Questions Answered in the Report
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.
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