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Global Dairy Market – Industry Trends and Forecast to 2031

Food & Beverage

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Global Dairy Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Dairy Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 711.92 Billion
Diagram Market Size (Forecast Year) USD 1,099.84 Billion
Diagram CAGR %

Major Markets Players

  • Nestle (Switzerland)
  • Unternehmensgruppe Theo Müller (Germany)
  • Savencia SA (France)
  • Valio Ltd (Finland)
  • Hochland SE (Germany)

Global Dairy Market, By Product Type (Milk, Cheese, Butter, Yogurt, Dairy Dessert, Others), By Brand Category (Branded, Private Label), By Distribution Channel (Store-based Retailing, Non-store Retailing) Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2031.

Dairy Market

Dairy Market Analysis and Size

Dairy is a rich source of essential nutrients such as calcium, protein, vitamin D, and potassium. Increased awareness of the nutritional benefits of dairy products is a key driver of the market. The increasing global population and urbanization also boost the market.

Expanding the range of value-added dairy products and emerging markets in developing countries offers the favorable growth opportunities.

Data Bridge Market Research analyses that the global dairy market was valued at USD 711.92 billion in 2023 and is expected to reach USD 1,099.84 billion by 2031, at a CAGR of 5.6% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Milk, Cheese, Butter, Yogurt, Dairy Dessert, Others), Brand Category (Branded, Private Label), Distribution Channel (Store-based Retailing, Non-store Retailing)

Countries Covered

U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

Nestle (Switzerland), Unternehmensgruppe Theo Müller (Germany), Savencia SA (France), Valio Ltd (Finland), Hochland SE (Germany), Icelandic Provisions (Iceland), Meggle Group GmbH (Germany), Bel Group (France), Yeo Valley Organic Limited (U.K.), Glanbia Plc (Ireland), Parmalat S.P.A. (Italy), Fonterra Co-Operative Group Limited (New Zealand), Gujarat Co-Operative Milk Marketing Federation Ltd (India), The Coca Cola Company (U.S.), Unilever Plc (U.K.), Arla Foods Inc (Denmark), and Granarolo (Italy)

Market Opportunities

  • Emerging Markets in Developing Countries
  • Launch of Product Range with Value-Added Products

Market Definition

The dairy encompasses the production, processing, distribution, and sale of milk and milk-derived products. It includes raw milk, cheese, butter, yogurt, cream, and ice cream, as well as powdered and condensed milk. These products are consumed directly or used in cooking, baking, and manufacturing various food items. The dairy market end-use products also extend to functional foods, beverages, infant formula, and non-food items such as cosmetics and pharmaceuticals, which utilize dairy ingredients for their nutritional and functional properties.

Global Dairy Market Dynamics

Drivers

  •  Growing Awareness of Nutritional Benefits

Dairy is a rich source of essential nutrients such as calcium, protein, vitamin D, and potassium. Health campaigns and scientific studies highlighting these benefits have led to higher consumption of dairy, especially among health-conscious consumers. Products such as Greek yogurt, protein-rich milk, and fortified dairy products have gained popularity as people seek to improve their overall health and wellness. Therefore, the increased awareness of the nutritional benefits of dairy products is a key driver fueling the market growth.

  • Rising Global Population and Urbanization

As more people move to cities, they adopt different dietary habits that often include more dairy products. The urban population generally has higher incomes and better access to supermarkets and convenience stores, where dairy products are readily available. This shift leads to higher demand for milk, cheese, yogurt, and other dairy items. In countries such as China and India, the burgeoning middle-class population is increasingly incorporating dairy into their diets, which is boosting the market.

Opportunities

  • Launch of Product Range with Value-Added Products

There is a significant opportunity in expanding the range of value-added dairy products. Companies are innovating by introducing products such as lactose-free milk, probiotic yogurts, and fortified dairy beverages. These products cater to specific consumer needs and preferences, such as lactose intolerance or a focus on gut health. This trend is anticipated to push the new entrants to increase spending on product innovation and thus, will create new opportunities over the forecast period.

  • Emerging Markets in Developing Countries

Developing countries present vast opportunities for growth in the dairy market. Nations in Africa, Asia, and Latin America have growing population with increasing disposable incomes. These regions are experiencing rapid urbanization and dietary shifts towards more protein and nutrient-rich foods, including dairy. Investing in infrastructure, supply chains, and localized production facilities can help companies tap into these emerging markets, meeting the rising demand for dairy products.

 Restraints/Challenges

  • Fluctuating Milk Prices

The dairy industry faces the challenge of fluctuating milk prices, which can significantly impact profitability. Various factors, including changes in feed costs, weather conditions, and international trade policies, influence milk prices. For instance, droughts can reduce the availability of feed, increasing costs for dairy farmers and, consequently, milk prices. These fluctuations create uncertainty for both producers and processors, making it difficult to maintain stable profit margins.

  • Environmental Concerns and Sustainability Issues

Dairy farming has been criticized for its substantial carbon footprint, water usage, and impact on land degradation. Methane emissions from cows contribute to greenhouse gas emissions, prompting calls for more sustainable practices. Regulatory pressures and consumer demand for environmentally friendly products require the dairy industry to adopt sustainable farming practices, reduce waste, and improve energy efficiency. Balancing sustainability with profitability remains a complex issue for dairy producers. Therefore, the rising environmental concerns pose a major challenge to the dairy market.

This global dairy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Underground Coal Gasification market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Dairy Market Scope

The global dairy market is segmented into product type, brand category, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Milk
    • Fat Content
      • Whole Milk
      • Low Fat
    • Product Type
      • Regular
      • Lactose Free
      • Organic
      • Others
    • Type
      • Milk Powder
        • Regular
        • Full Cream
      • Evaporated Milk
        • Regular
        • Full Cream
      • Skimmed Milk
      • Ready-to-Drink Milk
        • Plain
        • Flavored
          • Chocolate
          • Strawberry
          • Apple
          • Banana
          • Rose
          • Caramel
          • Vanilla
          • Fcoffee
          • Pineapple
          • Mango
          • Orange
          • Others
  • Cheese
    • Milk Type
      • Sheep
      • Goat
      • Cow
      • Buffalo
    • Method of Preparation
      • Bacteria-Ripened
      • Mould-Ripened
      • Un-Ripened
    • Texture
      • Fresh
        • Cottage Cheese
        • Cream Cheese
        • Ricotta
        • Others
      • Hard
        • Cheddar
        • Edam
        • Emmental
        • Gouda
        • Havarti
        • Italian
        • Others
      • Soft
        • Brie
        • Camembert
        • Cambozola
        • Others
    • Color
      • Yellow
      • White
      • Blue
      • Others
    • Form
      • Slices
      • Blocks/Cans
      • Grated
      • Spreads
      • Others
  • Butter
    • Type
      • Salted
      • Unsalted
      • Whipped
      • Clarified
      • Others
  • Yogurt
    • Source
      • Sheep
      • Goat
      • Cow
      • Buffalo
      • Others
    • Processing
      • Standard
      • Fortified
      • Ultra High Processing (UHT)
      • Others
    • Type
      • Regular Yogurt
      • Concentrated Yogurt
      • Probiotic Yogurt
      • Set Yogurt
      • Bio live Yogurt
      • Stirred Yogurt
      • Others
    • Category
      • Drinkable
        • Probiotic
        • Light
        • Regular
      • Frozen
      • Spoonable Yogurt
      • Others
    • Source
      • Sheep
      • Goat
      • Cow
      • Buffalo
      • Others
    • Flavor
      • Plain
      • Flavored
        • Strawberry
        • Chocolate
        • Blueberry
        • Vanilla
        • Pineapple
        • Mango
        • Mix fruit
        • Others
  • Dairy Dessert
    • Type
      • Ice Cream
        • Apple
        • Raspberry
        • Blueberry
        • Strawberry
        • Coconut
        • Vanilla
        • Salted caramel
        • African Berry (AGBALUMO)
        • Banana
        • Chocolate
        • Others
      • Custard
      • Cheese-based Desserts
      • Others
    • Fat Content
      • Full Fat
      • Low Fat
      • No Fat
  • Others

Brand Category

  • Branded
  • Private Label

Distribution Channel

  • Store-based retailing
    • Convenience Stores
    • Supermarkets/Hypermarkets
    • Specialty Stores
    • Grocery Stores
    • Others
  • Non-store based retailing
    • Online
      • Company-Owned
      • Third party websites
    • Vending

Global Dairy Market Regional Analysis/Insights

The global dairy market is analyzed and market size insights and trends are provided by product type, brand category, and distribution channel as referenced above.

The countries covered in the global dairy market report are U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa.

Europe dominates the global dairy market due to its large-scale production, advanced technology, and extensive infrastructure. Countries such as Germany, France, and the Netherlands are leading producers of milk and dairy products. The region benefits from favorable agricultural policies, high-quality standards, and strong export networks. Additionally, Europe's diverse dairy product range and well-established brands contribute to its market leadership. High consumer demand for dairy within Europe and strong global export markets help sustain this dominance.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global dairy market Share Analysis

The global Dairy Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global dairy market

Some of the major players operating in the global dairy market are:

  • Nestlé (Switzerland)
  • Unternehmensgruppe Theo Müller (Germany)
  • Savencia SA (France)
  • Valio Ltd (Finland)
  • Hochland SE (Germany)
  • Icelandic Provisions (Iceland)
  • Meggle Group GmbH (Germany)
  • Bel Group (France)
  • Yeo Valley Organic Limited (U.K.)
  • Glanbia Plc (Ireland)
  • Parmalat S.P.A. (Italy)
  • Fonterra Co-Operative Group Limited (New Zealand)
  • Gujarat Co-Operative Milk Marketing Federation Ltd (India)
  • The Coca-Cola Company (U.S.)
  • Unilever Plc (U.K.)
  • Arla Foods Inc (Denmark)
  • Granarolo (Italy)


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The Dairy Market Industry was worth USD 711.92 billion in 2023 & it is projected to reach USD 1,099.84 billion by 2031.
The Growth Rate of the Dairy Market will be 5.6% by 2031.
The product type, brand category, and distribution channel are the factors on which the Dairy Market research is based.
The Growing Awareness of Nutritional Benefits & Rising Global Population and Urbanization are the growth drivers of the Tag Management System Market.
The major data pointers of the Dairy Market are downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies.
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