Dairy Market Size, Share, Trends & Competitive Analysis By Type: Liquid Dairy Products, Milk, Cheese, Yogurt, Butter, Others By Application: Food and Beverages, Bakery and Confectionery, Dairy Products Processing, Others By Distribution Channel: By Regions, and Industry Forecast, Global Report 2024-2032

  • Report ID: FDS1116
  • Forecast Period: 2023-2030
  • No. of Pages: 150+
  • Industry: Food and Beverages

The global Dairy Market size was valued at USD 1001.20 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.3% during the forecast period, reaching a value of USD 1780.34 billion by 2030.

Dairy Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analyzing the Market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.


Dairy products encompass a wide range of foods derived from milk, including cheese, yogurt, butter, and ice cream. These products are rich sources of essential nutrients such as calcium, protein, and vitamins, making them crucial components of a balanced diet. Additionally, dairy consumption has been linked to various health benefits, including improved bone health and reduced risk of osteoporosis."

However, it's important to note that some individuals may be lactose intolerant, meaning they have difficulty digesting lactose, the sugar found in milk. In such cases, alternative dairy-free options like almond milk or soy yogurt can provide similar nutrients without the discomfort. Overall, understanding the role of dairy in nutrition is key to making informed dietary choices for optimal health and well-being.


The increasing consumer awareness about the health benefits of dairy products and the rising demand for protein-rich foods. Moreover, advancements in dairy processing technologies have led to the development of innovative products, expanding the market further. Additionally, the growing population and rising disposable incomes in emerging economies present significant opportunities for dairy producers to expand their market presence."

However, the fluctuating milk prices due to changes in supply and demand dynamics. Furthermore, concerns about lactose intolerance and dairy allergies among some consumers pose challenges for market growth. Nevertheless, initiatives to develop lactose-free and plant-based dairy alternatives offer avenues for overcoming these obstacles and tapping into new market segments.



Liquid dairy products, including milk and flavored milk beverages, hold a significant share in the market due to their widespread consumption as staples in many households worldwide. Milk, in particular, remains a cornerstone of the dairy industry, valued for its essential nutrients and versatility in various culinary applications.

Cheese stands out as another major player in the dairy market, with its diverse range of flavors and textures catering to diverse consumer preferences. From traditional cheddar and mozzarella to artisanal varieties, cheese continues to enjoy steady demand, driven by its popularity in both home cooking and foodservice sectors. Similarly, yogurt has emerged as a key segment, fueled by growing interest in probiotic-rich foods and healthy snacking options.

Butter, despite facing competition from margarine and plant-based alternatives, maintains its prominence in the dairy market, prized for its rich flavor and versatility in baking and cooking. Other dairy products, including cream, condensed milk, and dairy desserts, also contribute to the market's dynamics, offering a wide array of choices to consumers.


Within the food and beverages sector, dairy products serve as essential ingredients in a wide range of products, including ready-to-drink beverages, snacks, and prepared meals. The versatility of dairy makes it indispensable in the formulation of products such as smoothies, protein bars, and dairy-based sauces, catering to diverse consumer preferences for taste and nutrition.

In the bakery and confectionery industry, dairy plays a vital role in enhancing the taste, texture, and nutritional profile of baked goods and sweet treats. Butter, milk, and cream are key ingredients in pastry dough, cakes, cookies, and chocolates, imparting richness and moisture while contributing to the desired mouthfeel. Moreover, dairy products like cheese and yogurt are increasingly utilized in innovative bakery and confectionery formulations, adding depth of flavor and nutritional value to the final products.

Dairy products processing represents another significant application area within the dairy market, encompassing activities such as pasteurization, homogenization, and packaging. Efficient processing techniques and equipment are essential for ensuring product quality, safety, and shelf-life while meeting regulatory standards. The processing sector plays a critical role in the dairy supply chain, enabling the transformation of raw milk into a diverse range of value-added dairy products for distribution and consumption.


Hypermarkets and supermarkets serve as key distribution channels for dairy products, offering a wide assortment of options under one roof. These retail giants leverage their expansive reach and promotional strategies to drive sales of dairy items, providing consumers with convenience and variety during their shopping trips.

Convenience stores also play a vital role in the dairy market, particularly for on-the-go consumers seeking quick and accessible options. These outlets stock a selection of dairy products, including milk, yogurt, and cheese, catering to immediate consumption needs. With their strategic locations and extended operating hours, convenience stores capitalize on impulse purchases and convenience-driven buying behaviors to capture a share of the dairy market.

Specialty stores, focusing on niche markets and gourmet offerings, provide a curated selection of premium dairy products to discerning consumers. These outlets prioritize quality, authenticity, and unique flavor profiles, attracting customers willing to pay a premium for artisanal and specialty dairy items. Additionally, the rise of online retail has transformed the dairy market landscape, offering consumers the convenience of ordering dairy products from the comfort of their homes and accessing a wider range of options from both local and international suppliers.


North America boasts a mature dairy market, driven by high per capita consumption of dairy products and strong demand for premium offerings. In contrast, Europe exhibits a diverse landscape, with countries like France renowned for their cheese production and others prioritizing sustainable dairy practices. Asia Pacific emerges as a burgeoning market, fueled by rising disposable incomes, urbanization, and a growing appetite for Western-style dairy products. Latin America showcases potential for growth, with countries like Brazil and Argentina leading in dairy production and consumption, while the Middle East and Africa present unique challenges and opportunities due to varying levels of dairy infrastructure and cultural preferences.


  • Nestlé SA
  • Danone S.A.
  • Lactalis Group
  • Fonterra Co-operative Group Limited
  • Dairy Farmers of America, Inc.
  • Arla Foods
  • Saputo Inc.
  • Dean Foods Company
  • Yili Group
  • Inner Mongolia Yili Industrial Group Co., Ltd.
  • Mengniu Dairy Company Limited
  • Meiji Holdings Co., Ltd.
  • FrieslandCampina
  • Kraft Heinz Company
  • Sodiaal
  • Land O'Lakes, Inc.
  • Royal FrieslandCampina N.V.
  • Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF)
  • Müller Group
  • Savencia Fromage & Dairy
  • DMK Deutsches Milchkontor GmbH
  • Grupo Lala
  • China Mengniu Dairy Company Limited
  • Schreiber Foods, Inc.
  • Agropur Cooperative

Table of Contents
Executive Summary
Market Overview
Market Dynamics
Dairy Market Segmentation
By Type
By Application
By Distribution Channel
By Region
Competitive Landscape
Company Profiles
Future Outlook

Dairy Market Segmentation

By Type:

  • Liquid Dairy Products
  • Milk
  • Cheese
  • Yogurt
  • Butter
  • Others

By Application:

  • Food and Beverages
  • Bakery and Confectionery
  • Dairy Products Processing
  • Others

By Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Retail
  • Others

By Geography:

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.

This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.

Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.

With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:

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With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.

The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.

Primary Research:

Primary Research


Desk Research


Company Analysis


•       Identify key opinion leaders

•       Questionnaire design

•       In-depth Interviews

•       Coverage across the value chain


•       Company Website

•       Company Annual Reports

•       Paid Databases

•       Financial Reports


•       Market Participants

•       Key Strengths

•       Product Portfolio

•       Mapping as per Value Chain

•       Key focus segment


Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.

The aforementioned helps to:

  • Validate and improve data quality and strengthen the research proceeds
  • Develop a market understanding and expertise
  • Supply authentic information about the market size, share, growth, and forecasts

The primary research interview and discussion panels comprise experienced industry personnel.

These participants include, but are not limited to:

  • Chief executives and VPs of leading corporations specific to an industry
  • Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research:

A broad array of industry sources for the secondary research typically includes, but is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor  presentations for a competitive scenario and shape of the industry
  • Patent and regulatory databases to understand technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles, web-casts, and other related releases to evaluate the market
  • Internal and external proprietary databases, key market indicators, and relevant press releases for  market estimates and forecasts



•       Top executives of end-use industries

•       C-level executives of the leading Parenteral Nutrition companies

•       Sales manager and regional sales manager of the Parenteral Nutrition companies

•       Industry Consultants

•       Distributors/Suppliers


•       Annual Reports

•       Presentations

•       Company Websites

•       Press Releases

•       News Articles

•       Government Agencies’ Publications

•       Industry Publications

•       Paid Databases


Analyst Tools and Models:



·         Arriving at
Global Market Size

·         Arriving at
Market Size

·         Market Share
of Key Players

·         Key Market Players

·         Key Market Players

·         Market Share
of Key Players

·         Arriving at
Market Size

·         Arriving at
Global Market Size


Dairy Market Dynamic Factors


  • Rising consumer awareness regarding the health benefits of dairy products.
  • Increasing demand for protein-rich diets globally.
  • Growth of the food and beverage industry, leading to higher dairy product consumption.
  • Technological advancements in dairy farming and processing techniques.
  • Expansion of distribution channels, including online platforms.
  • Government initiatives promoting dairy farming and production.


  • Fluctuating milk prices due to supply-demand imbalances.
  • Environmental concerns related to dairy farming practices.
  • Competition from plant-based milk alternatives.
  • Regulatory challenges and compliance requirements.
  • Health concerns regarding saturated fats in dairy products.
  • Volatility in input costs such as feed and energy.


  • Emerging markets in developing countries with increasing disposable incomes.
  • Product innovation and diversification to cater to changing consumer preferences.
  • Adoption of sustainable practices to enhance brand image and attract environmentally conscious consumers.
  • Expansion of dairy product exports to new markets.
  • Collaboration with foodservice providers and restaurants to introduce dairy-based menu items.
  • Investments in research and development for functional dairy products.


  • Intense competition among dairy companies leading to price wars.
  • Rising operational costs, including labor and energy expenses.
  • Animal welfare concerns impacting consumer perceptions.
  • Supply chain disruptions due to logistical challenges or natural disasters.
  • Vulnerability to diseases affecting livestock health and milk production.
  • Shifting consumer trends towards dairy-free or vegan lifestyles.

Frequently Asked Questions

The global Dairy Market size was valued at USD 1001.20 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 5.3% during the forecast period, reaching a value of USD 1780.34 billion by 2030.

Key factors driving the growth of the Dairy Market include rising consumer awareness of dairy's nutritional benefits, technological advancements in dairy farming and processing, and expanding distribution channels.

Current trends and advancements in the Dairy Market include the introduction of innovative dairy products, such as lactose-free and probiotic-enhanced options, and the adoption of sustainable practices in dairy farming.

Several regions and countries are expected to dominate the Dairy Market, including the United States, China, India, and European countries like Germany and France, driven by large populations and growing disposable incomes.

Major challenges in the Dairy Market include fluctuating milk prices, competition from plant-based alternatives, and regulatory hurdles. However, opportunities lie in expanding into emerging markets, diversifying product offerings, and investing in research and development for functional dairy products.
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