Dairy Industry Market Report 2025 (Global Edition)

Global Dairy Industry Market Report 2025 Market Size Split by Dairy Product (Milk, Cheese, Butter, Yogurt, Creamers, Others), by End Use (Bakery & Confectionery, Snacks & Savouries, Ready Meals, HoReC...

Dairy Industry Market Report Description

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Competitive Landscape of the Dairy Industry Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Dairy Industry news

In February 2024, Deliciously Dairy: the innovation behind Ben & Jerry's oat-based ice creams. With a growing plant-based portfolio and consumers seeking ice cream experiences as indulgent as dairy, Ben & Jerry's has reformulated its non-dairy portfolio to use a new, extra smooth oat base. We speak to flavor guru João Piva to find out more.

(Source: https://www.unilever.com/news/news-search/2024/deliciously-nondairy-the-innovation-behind-ben-jerrys-oatbased-ice-creams/)

In May 2021, Nutricia will introduce healthcare professionals to the open science education platform Danone Nutricia Campus. Besides the challenge of accessing the latest nutrition research, healthcare professionals are looking for the opinions of independent clinicians and academics. Danone Nutricia Campus is overseen by a not-for-profit foundation with the purpose of advancing the field of nutrition through open science, training, and education.

Top Companies Market Share in Dairy Industry Industry: (In no particular order of Rank)

• Almarai Company
• Arla Foods Amba
• China Mengniu Dairy Company Ltd
• Dairy Farmers of America Inc.
• Danone SA
• Fonterra Co-operative Group Limited
• Groupe Lactalis
• Gujarat Co-operative Milk Marketing Federation Ltd
• Inner Mongolia Yili Industrial Group Co. Ltd
• Nestlé SA
• Saputo Inc
• Unilever PLC
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional analysis of the Dairy Industry Market

Which Region will dominate the Dairy Industry Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The dominance of North America in the dairy industry market can be attributed to several factors. Firstly, the region boasts a well-established dairy infrastructure, including advanced farming practices, modern processing facilities, and efficient distribution networks. These factors contribute to the region's ability to meet domestic demand while also serving as a major exporter of dairy products to international markets. Additionally, North America benefits from a large and affluent consumer base with a strong appetite for dairy products.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in the Milk category, reflecting changing dietary habits, rising incomes, and shifting consumer preferences across the region. This growth is driven by several key factors that are reshaping the dairy market landscape in Asia Pacific. One significant driver of the increase in the milk category is the region's rapid urbanization and expanding middle class. As urbanization accelerates and disposable incomes rise, more consumers in urban areas are incorporating milk into their diets as a convenient and nutritious source of protein, calcium, and other essential nutrients.

The current report Scope analyzes Dairy Industry Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Dairy Industry Market Analysis

According to Cognitive Market Research, the global Dairy Industry Market size was estimated at USD 891254.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 356501.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2024 to 2031. In North America, Milk maintained a dominant market share throughout the forecast period, primarily due to its status as a staple and versatile dairy product with widespread consumer appeal. As a rich source of essential nutrients such as calcium, protein, vitamins, and minerals, milk is valued for its contribution to overall health and nutrition. Its versatility allows for various consumption methods, including drinking plain, adding to cereals or coffee, and using it as an ingredient in cooking and baking. 

Country Analysis

• According to Cognitive Market Research, the US had a major share in the dairy industry market with a market size of USD 281279.83 million in 2024, which is projected to grow at a CAGR of 2.6% during the forecast period. This indicates a steady growth trajectory for the US dairy industry, driven by various factors such as population growth, rising incomes, evolving dietary preferences, and technological advancements in dairy production and processing.
• The Canada Dairy Industry Market had a market share of USD 42780.20 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. This growth trajectory suggests continued expansion and development within the Canadian dairy industry, driven by factors such as population growth, increasing consumer demand for dairy products, technological advancements in dairy farming and processing, and evolving dietary preferences.
• The Mexico Dairy Industry Market is projected to grow at a CAGR of 3.3% during the forecast period, reaching a market size of USD 32441.65 million in 2024.

Europe Dairy Industry Market Analysis

According to Cognitive Market Research, with a market value of USD 891254.2 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 267376.26 million. Milk maintained a dominant market share throughout the forecast period, primarily due to its status as a staple and versatile dairy product with widespread consumer appeal. As a rich source of essential nutrients such as calcium, protein, vitamins, and minerals, milk is valued for its contribution to overall health and nutrition. Its versatility allows for various consumption methods, including drinking plain, adding to cereals or coffee, and using it as an ingredient in cooking and baking.

• The United Kingdom Dairy Industry Market had a market share of USD 44919.21 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. This growth forecast indicates continued expansion and development within the UK dairy industry, driven by various factors such as population growth, rising consumer demand for dairy products, technological advancements in dairy production and processing, and evolving dietary preferences.
• The French Dairy Industry Market is projected to grow at a CAGR of 2.3% during the forecast period, reaching a market size of USD 24598.62 million in 2024.
• According to Cognitive Market Research, the German Dairy Industry Market was valued at USD 52940.50 million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. Factors like innovation in product development, expansion of distribution channels, and the focus on sustainability and animal welfare in dairy production may also contribute to the growth of the dairy industry in Germany.
• The Italy Dairy Industry Market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 22994.36 million in 2024.
• The Russian Dairy Industry Market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 41443.32 million in 2024.
• The Spanish Dairy Industry Market is projected to grow at a CAGR of 2.2% during the forecast period, reaching a market size of USD 21924.85 million in 2024.
• The Luxembourg Dairy Industry Market is projected to grow at a CAGR of 3.2% during the forecast period, reaching a market size of USD 8288.66 million in 2024.
• The Portugal Dairy Industry Market is projected to grow at a CAGR of 2.9% during the forecast period, reaching a market size of USD 5614.90 million in 2024.
• The Greece Dairy Industry Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 3208.52 million in 2024.
• The rest of Europe's Dairy Industry Market is projected to grow at a CAGR of 1.8% during the forecast period, reaching a market size of USD 41443.32 million in 2024.

Asia Pacific Dairy Industry Market Analysis

According to Cognitive Market Research, the global Dairy Industry Market size was estimated at USD 891254.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 204988.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031. Milk held the major market share over the forecast period, primarily due to its status as a staple and versatile dairy product with widespread consumer appeal. As a rich source of essential nutrients such as calcium, protein, vitamins, and minerals, milk is valued for its contribution to overall health and nutrition. Its versatility allows for various consumption methods, including drinking plain, adding to cereals or coffee, and using it as an ingredient in cooking and baking.

• According to Cognitive Market Research, the size of the China Dairy Industry Market was valued at USD 92244.81 million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. This indicates a robust growth trajectory for the Chinese dairy industry, driven by various factors such as population growth, rising disposable incomes, urbanization, changing dietary habits, and increasing awareness of the nutritional benefits of dairy products.
• The Japan Dairy Industry Market is projected to grow at a CAGR of 5.1% during the forecast period, reaching a market size of USD 28288.41 million in 2024.
• The India Dairy Industry Market had a market share of USD 24598.62 million in 2024 and is projected to grow at a CAGR of 8.4% during the forecast period. Changing consumer preferences, increased demand for value-added dairy products, and the expansion of organized retail chains and e-commerce platforms are likely to shape market dynamics in the country.
• The South Korean Dairy Industry Market is projected to grow at a CAGR of 5.7% during the forecast period, reaching USD 20498.85 million in 2024.
• The Australian Dairy Industry Market is projected to grow at a CAGR of 6.3% during the forecast period, reaching a market size of USD 10659.40 million in 2024.
• The Southeast Asia Dairy Industry Market is projected to grow at a CAGR of 7.6% during the forecast period, reaching a market size of USD 14144.20 million in 2024.
• The Rest of the Asia Pacific Dairy Industry Market is projected to grow at a CAGR of 6.4% during the forecast period, reaching a market size of USD 14554.18 million in 2024.

South America Dairy Industry Market Analysis

According to Cognitive Market Research, the global Dairy Industry Market size was estimated at USD 891254.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 44562.71 million in 2024 and will grow at compound annual growth rate (CAGR) of 4.0% from 2024 to 2031. Bakery and confectionery products hold a prominent market share within the food and beverage industry, driven by their widespread popularity and diverse offerings that cater to a wide range of consumer preferences. The category encompasses a vast array of baked goods, including bread, pastries, cakes, cookies, and chocolates, among others, which are enjoyed by consumers of all ages and across various occasions.

• According to Cognitive Market Research, the size of the Brazil Dairy Industry Market was valued at USD 19072.84 million in 2024 and is projected to grow at a CAGR of 4.6% during the forecast period. This indicates a steady growth trajectory for the Brazilian dairy industry, driven by various factors such as population growth, rising disposable incomes, urbanization, and increasing consumer awareness of the nutritional benefits of dairy products.
• The Argentina Dairy Industry Market had a market share of USD 7486.54 million in 2024 and is projected to grow at a CAGR of 4.9% during the forecast period. This indicates a steady expansion trajectory for the Argentine dairy industry, driven by factors such as population growth, rising incomes, changing dietary habits, and increasing consumer awareness of the nutritional benefits of dairy products.
• The Colombia Dairy Industry Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 3966.08 million in 2024.
• The Peru Dairy Industry Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 3654.14 million in 2024.
• The Chile Dairy Industry Market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 3208.52 million in 2024.
• The Rest of the Latin American Dairy Industry Market is projected to grow at a CAGR of 3.1% during the forecast period, reaching a market size of USD 7174.60 million in 2024.

Middle East Dairy Industry Market Analysis

According to Cognitive Market Research, the global Dairy Industry Market size was estimated at USD 891254.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 17825.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Bakery and confectionery products hold a prominent market share within the food and beverage industry, driven by their widespread popularity and diverse offerings that cater to a wide range of consumer preferences. The category encompasses a vast array of baked goods, including bread, pastries, cakes, cookies, and chocolates, among others, which are enjoyed by consumers of all ages and across various occasions.

• According to Cognitive Market Research, the GCC Countries' Dairy Industry Market size was valued at USD 7629.14 million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. Factors such as government initiatives to support dairy farming and processing, investment in infrastructure development, technological advancements, and the expansion of distribution networks may also contribute to the growth of the dairy market in the GCC countries.
• The Egypt Dairy Industry Market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 1871.63 million in 2024.
• The South Africa Dairy Industry Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 2816.36 million in 2024. Changing consumer preferences, increased demand for value-added dairy products, and the expansion of retail chains and e-commerce platforms are likely to shape market dynamics in the country.
• The Turkish dairy industry market is projected to grow at a CAGR of 3.8% during the forecast period, reaching a market size of USD 1532.96 million in 2024.
• The Nigeria Dairy Industry Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 1871.63 million in 2024.
• The Rest of the MEA Dairy Industry Market is projected to grow at a CAGR of 3.3% during the forecast period, reaching a market size of USD 2103.36 million in 2024.

Dairy Industry Market Analysis

Dairy Industry Market Product Segment Analysis

According to Cognitive Market Research, Milk held the major market share over the forecast period, primarily due to its status as a staple and versatile dairy product with widespread consumer appeal. As a rich source of essential nutrients such as calcium, protein, vitamins, and minerals, milk is valued for its contribution to overall health and nutrition. Its versatility allows for various consumption methods, including drinking plain, adding to cereals or coffee, and using it as an ingredient in cooking and baking. Furthermore, milk's popularity stems from its affordability and accessibility, making it a household staple in many regions around the world.

Cheese is the fastest-growing category over the forecast period, propelled by several key factors driving consumer demand and market expansion. Firstly, changing dietary habits and increasing urbanization worldwide have led to a surge in cheese consumption. As consumers adopt more Westernized diets and lifestyles, the popularity of cheese as a versatile ingredient and standalone snack has soared. Moreover, cheese's versatility and wide range of flavors, textures, and types appeal to diverse consumer preferences, driving its popularity across various demographic segments. From indulgent varieties like aged cheddar and creamy brie to more exotic options like blue cheese and feta, there is a cheese to suit every taste and occasion.

• Milk
• Cheese
• Butter
• Yogurt
• Creamers
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Dairy Industry Industry. Request a Free Sample PDF!

Dairy Industry Market End-Use Segment Analysis

According to Cognitive Market Research, Bakery and confectionery products hold a prominent market share within the food and beverage industry, driven by their widespread popularity and diverse offerings that cater to a wide range of consumer preferences. The category encompasses a vast array of baked goods, including bread, pastries, cakes, cookies, and chocolates, among others, which are enjoyed by consumers of all ages and across various occasions. One of the key factors contributing to the prominence of bakery and confectionery products is their appeal as indulgent treats and comfort foods.

Snacks & Savouries is the fastest-growing category over the forecast period, propelled by several key factors that are reshaping consumer preferences and driving market expansion. Firstly, changing lifestyles and busy schedules have led to a rise in snacking occasions, with consumers seeking convenient and portable options to satisfy their hunger cravings between meals. Snacks and savories offer a convenient solution, providing a quick energy boost and satiating hunger pangs on the go. Moreover, the growing trend towards healthier eating habits has fueled demand for snacks and savories that are perceived as nutritious and wholesome.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Dairy Industry Sales Channel Segment Analysis

According to Cognitive Market Research, supermarkets/hypermarkets hold a prominent market share, serving as key channels for the distribution and sale of a wide variety of consumer goods, including groceries, household items, electronics, apparel, and more. These large-format retail stores offer consumers a one-stop shopping experience, providing convenience, variety, and competitive pricing under one roof. One of the primary reasons for the prominence of supermarkets and hypermarkets is their ability to offer a vast assortment of products catering to diverse consumer needs and preferences. With expansive floor space and extensive product offerings, these retail formats provide consumers with a comprehensive selection of brands, sizes, and price points, enabling them to fulfill their shopping needs in a single location.

Convenience Stores are the fastest-growing category over the forecast period, propelled by several key factors that are reshaping consumer preferences and driving market expansion. Firstly, changing lifestyles and busy schedules have led to an increased demand for convenient shopping solutions, with consumers seeking quick and hassle-free access to essential items. Convenience stores offer a convenient alternative to traditional supermarkets and hypermarkets, providing a curated selection of products in easily accessible locations, such as urban centers, transportation hubs, and residential neighborhoods.

• Supermarket/Hypermarket
• Convenience Stores
• Specialty Stores
• E-commerce
• Others

Author's Detail

Anushka Gore

Research Associate at Cognitive Market Research

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Profile

Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.

Author's Conclusion