• +1 (732) 369 9777
  • +1 (609) 857 6083
  • enquiry@dimensionmarketresearch.com

logo Dairy Products Market

Comprehensive Opportunity Analysis and Industry Forecast for Market Growth

  • About Us
  • Insight
    Trending Reports Latest Reports
  • Industries
    Aerospace & Defence
    Agriculture & Horticulture
    Automotive
    BFSI & Education
    Chemical & Material
    Consumer Goods
    Electrical & Semiconductor
    ICT & TMT
    Energy & Power
    Food & Beverages
    Industry Automation & Equipment
    Manufacturing & Construction
    Medical Devices & Healthcare IT
    Metals & Minerals
    Packaging & Logistics
    Pharmaceuticals & Healthcare
    Sports & Fitness
  • News And Media
  • Contact us
Speak to Analyst
Request Free Sample
/images/logo.png
  • home
  • Consumer Goods
  • Dairy Products Market

Global Dairy Products Market By Product (Milk, Cheese, Yogurt, Butter, and Others), By Distribution Channel - Global Industry Outlook, Key Companies (Nestlé S.A., Danone S.A., Arla Foods amba, and Others), Trends and Forecast 2024-2033

Published on : December-2024  Report Code : RC-1248  Pages Count : 275  Report Format : PDF
Overview Table of Content Download Report's Excerpt Request Free Sample

Market Overview

Global Dairy Products Market is forecasted to reach USD 556.2 billion by the end of 2024 and grow to USD 861.8 billion in 2033, with a CAGR of 5.0%.


Dairy products are food items made from milk, primarily sourced from cows, goats, sheep, or other mammals. They include a wide range of products such as milk, cheese, yogurt, butter, and cream. These products are rich in essential nutrients like calcium, protein, vitamins, and minerals, dairy products play a vital role in a balanced diet. 

The increasing consumption of dairy products and the shift in consumer preference from meat to dairy for protein enrichment are key factors driving the growth of this market. The widespread availability of dairy products, facilitated by modern retail channels and efficient cold chain logistics, further contributes to market expansion.

The US Dairy Products Market

The US Dairy Products Market is projected to reach USD 131.4 billion by the end of 2024 and grow substantially to an expected USD 198.7 billion market by 2033 at an anticipated CAGR of 4.7%.


The increasing presence of restaurants and fast-food chains, such as Burger King, Pizza Hut, Domino's, and Yum Brands in this region, is driven by the heavy use of cheese and butter in their offerings. The rising popularity of yogurt and dairy desserts among Americans is expected to further enhance market growth.

The U.S. dairy products market is witnessing a shift towards healthier options, with increasing consumer demand for low-fat and organic products. Moreover, growing consumer awareness of A2 milk is likely to contribute to the market's expansion during this period.

Key Takeaways

  • Market Growth: The global dairy products market is anticipated to expand by USD 280.8 billion, achieving a CAGR of 5.0%.
  • Market Definition: Dairy products are food items produced from the milk of mammals, primarily cows, goats, and sheep.
  • Product Analysis: Milk is projected to hold the largest revenue share of 33.2% based on product analysis in the market in 2024.
  • Distribution Channel Analysis: Supermarkets and hypermarkets are forecasted to lead the global dairy products market based on distribution channel with a revenue share of 64.2%, in 2024.
  • Regional Analysis: Asia Pacific is projected to dominate the global dairy products market, holding a market share of 44.3% by 2024.

Use Cases

  • Nutritional Products: Dairy products such as milk, yogurt, and cheese are rich in essential nutrients like calcium, protein, and vitamins which are required of all ages, promoting bone health, muscle development, and overall nutritional balance.
  • Culinary Applications: Dairy products are integral to countless recipes, enhancing flavor and texture which makes them essential in both home cooking and professional kitchens.
  • Functional Foods: Certain dairy products, like probiotic yogurt and kefir, are promoted for their health benefits, including improved gut health and immune function.
  • Infant and Toddler Nutrition: Specialized dairy products, such as infant formula and fortified milk powders, are designed to meet the nutritional needs of infants and toddlers.

Market Dynamic

Drivers

More Sales of Dairy Foods
According to the United Nations Population Division, the global population is projected to grow to 9.9 billion people by 2050 and that will increase the demand for consumer goods such as milk, butter, yogurt, and among others. With increased disposable income and a growing concern about health products especially meats, milk production and consumption of protein in the growing economies is on the rise. Dairy-based products are called for protein as well as micronutrients that are anticipated to concretely enhance organic dairy product consumption in the expected forthcoming years.

Modern Food Habits
Burger chains are also stimulating the market for cheese, butter, and dairy desserts due to their taste and high protein value. All these come as parts of the widely used foods like pizza and pasta. Furthermore, milk has also become a basic necessity in households and thus has contributed to a good rise in baby food and dairy products during the foreseen period.

Restraints

High Capital Investment in Dairy Processing
Dairy product manufacturers face significant barriers due to high capital investment requirements. Installing dairy processing equipment involves substantial costs, and regular maintenance adds to these expenses, which in turn reduces operating margins. The capital-intensive nature of dairy processing, including equipment installation and upkeep, poses a challenge to the growth of the market.

Impact of Lactose Intolerance and Vegan Diets
The increasing condition of lactose intolerance and allergies to milk-based products is expected to hinder global dairy market growth. Additionally, the growing popularity of vegan diets, driven by perceived health benefits and a focus on healthy living, further restricts the dairy sector’s expansion. This shift in dietary habits, combined with a preference for plant-based alternatives, presents significant restrictions to traditional dairy consumption during the forecast period.

Opportunities

Innovation in Plant-Based Dairy Alternatives
As consumer preferences shift towards health-conscious and environmentally sustainable products, there is a growing demand for plant-based dairy alternatives like almonds, oats, and soy milk. Companies that innovate and expand their plant-based offerings can tap into this growing market segment.

Cosmetic and Personal Care Products
Dairy ingredients have carved a significant niche in the cosmetic and personal care products market, driven by their multifunctional benefits and increasing consumer demand for natural and effective formulations. Milk proteins, such as casein and whey, are known for their moisturizing properties, which help to nourish and hydrate the skin. These proteins can enhance skin elasticity, making them particularly appealing in anti-aging formulations.

Trends

Health and Wellness Focus
Consumers are increasingly seeking dairy products that promote health benefits, such as low-fat, probiotic-rich yogurt and functional dairy products enhanced with vitamins and minerals. This trend aligns with the growing interest in natural, nutritious food options that support overall well-being.

Sustainable Dairy Practices
Sustainability is becoming a major trend, with a focus on reducing the environmental impact of dairy production. Initiatives like eco-friendly packaging, reducing carbon footprints, and promoting animal welfare are becoming key differentiators for dairy companies, as consumers are increasingly prioritizing environmentally responsible choices.

Research Scope and Analysis

By Product

Milk is expected to take the largest market share in the global dairy products market with 33.2% in terms of revenue in 2024 due to its wide array of applications. This growth can be attributed to increasing milk consumption among developing countries, where its nutritional benefits include protein and calcium intake. Milk consumption has been associated with reduced rates of osteoporosis among senior citizens, driving demand. In addition, consumers favoring healthy products like low-fat and organic milk options are increasing consumption rates even further. 

Butter serves as the cornerstone ingredient in various dairy products such as cheese, yogurt, and butter, providing consumers with options like whole milk varieties as well as skim and fortified varieties to meet diverse consumer preferences. Furthermore, milk holds deep cultural meaning in many societies that only serves to strengthen its widespread popularity. Further, dairy alternatives remain far behind it in terms of market strength compared with that of milk as the go-to product. 

Cheese is considered one of the staples in dairy products markets due to its variety of flavors, textures, & applications in cooking. Furthermore, its easy availability and ongoing innovations contribute to this segment. Yogurt production is expected to witness considerable growth over the forecast period particularly among Asian nations; as this product promotes gut health while strengthening immunity.

By Distribution Channel

Supermarkets and hypermarkets are expected to lead the global dairy products market with an anticipated revenue share of 64.2% by 2024 due to an increasing number of supermarkets and hypermarkets as well as their wide array of products available at these locations. These normally have controlled temperature shelves that prevent spoilage of dairy products, making it easy for shoppers to purchase daily necessities at more reasonable costs. 


The retail formats that specialize in milk, cheese, yogurt, and butter provide diverse offerings of products catering to consumer preferences. Supermarkets and hypermarkets have made one-stop shopping experiences convenient for their customers. Because people can get several items all in one place, this increases convenience and encourages higher spending. Besides, these stores normally have competitive price strategies with promotions targeted at catching the eye of a price-sensitive shopper. Positioning dairy products strategically near high-traffic areas increases visibility and encourages impulse purchases. 

Supermarkets and hypermarkets often partner with dairy brands to offer exclusive products or promotions, which help foster customer loyalty while broadening market presence. Private-label dairy products have strengthened their position within the marketplace as they often come at significantly reduced costs compared to national brand counterparts while upholding quality. Convenience stores dominate the dairy products market due to their accessibility and focus on quick shopping experiences, particularly in urban areas, residential neighborhoods, or high-traffic locations. Convenience stores are popular choices among consumers looking for quick purchases.

The Dairy Products Market Report is segmented on the basis of the following

By Product

  • Milk
  • Cheese
  • Yogurt
  • Butter
  • Others

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online
  • Others

Regional Analysis

Asia-Pacific is predicted to lead the global dairy products market with a revenue share of 45.5% by 2024 due to its large population and widespread consumption of liquid milk products by many individuals within this community. These dairy products play a pivotal role in improving children's nutrition and supporting a growing middle class in Asia Pacific. Consumers increasingly look for food with both nutritional value & taste appeal, thus, driving the demand for functional dairy products such as milk & cheese. 


Each has seen their middle classes expand their purchasing power resulting in higher demands for dairy products. Urbanization across Asia-Pacific regions has altered eating patterns significantly. Urban consumers tend to adopt Western-influenced dietary trends more readily; such as increasing consumption of dairy-based products, which drives the growth of this region. 

The Asia-Pacific region witnessed significant investment in dairy processing & supply chains, which increased the production capabilities as well as distribution capacity. Countries like India & New Zealand are major providers of exportable dairy products to both regional & global markets.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Competitive Landscape

The dairy products market is moderately fragmented, with several local companies actively competing for market share. To consolidate their positions and strengthen their positions, key players are engaging in various strategies such as investments, partnerships, mergers, and acquisitions to expand geographical reach and product portfolios while keeping pricing competitive to attract a broader customer base. Innovating products while also offering functional benefits like healthier or organic options is integral in developing consumer loyalty in this competitive space. 

Universal Robina Corp's partnership with Asahi Beverages for the introduction of cultured milk beverages in the Philippines stands as an excellent example of strategic collaboration, taking full advantage of new technologies and consumer trends to stay ahead of competitors in this highly competitive dairy products market. Overall, strategic alliances continue to drive competition within this field.

Some of the prominent players in the global Dairy Products market are
  • Arla Foods amba
  • Fonterra Co-operative Group
  • GCMMF
  • The Kraft Heinz Company
  • Nestle S.A.
  • Danone S.A.
  • Royal Friesl and Campina
  • Dairy Farmers of America, Inc.
  • DMK Group
  • Meiji Holdings Co., Ltd.
  • Other Key Players

Recent Development

  • In October 2024, Nestlé announced the launch of a new plant-based milk alternative called Wunda, made from pea protein, targeting consumers looking for dairy-free alternatives. This product is expected to cater to the growing demand for plant-based dairy.
  • In September 2024, Danone introduced a reformulated version of its flagship Activia yogurt brand, incorporating gut-friendly probiotics with an enhanced nutritional profile.
  • In August 2024, Arla Foods launched a new line of organic dairy products in Northern Europe, including milk, yogurt, and cheese, sourced from sustainable farming practices.
  • In July 2024, Friesl and Campina rolled out a new premium dairy line under the Friso brand, featuring grass-fed milk that is positioned as a high-quality, nutritionally rich product for both infants and adults.
  • In June 2024, Fonterra launched Anchor Protein+, a high-protein milk product aimed at fitness enthusiasts and health-conscious consumers in the Asia-Pacific region.

Report Details

Report Characteristics
Market Size (2024) USD 556.2 Bn
Forecast Value (2033) USD 861.8 Bn
CAGR (2024-2033) 5.0%
Historical Data 2018 – 2023
The US Market Size (2024) USD 131.4 Bn
Forecast Data 2025 – 2033
Base Year 2023
Estimate Year 2024
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Product (Milk, Cheese, Yogurt, Butter, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Arla Foods amba, Fonterra Co-operative Group, GCMMF, The Kraft Heinz Company, Nestle S.A., Danone S.A., Royal Friesl and Campina, Dairy Farmers of America, Inc., DMK Group, Meiji Holdings Co., Ltd., and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users) and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Dairy Products Market?

    The Global Dairy Products Market size is estimated to have a value of USD 556.2 billion in 2024 and is expected to reach USD 861.8 billion by the end of 2033.

  • Which region accounted for the largest Global Dairy Products Market?

    Asia Pacific is expected to be the largest market share for the Global Dairy Products Market with a share of about 44.2% in 2024.

  • Who are the key players in the Global Dairy Products Market?

    Some of the major key players in the Global Dairy Products Market are Nestlé S.A., Danone S.A., Arla Foods amba, and many others.

  • What is the growth rate in the Global Dairy Products Market?

    The market is growing at a CAGR of 5.0 percent over the forecasted period.

  • How big is the US Dairy Products Market?

    The Global US Market size is estimated to have a value of USD 131.4 billion in 2024 and is expected to reach USD 198.7 billion by the end of 2033.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Dairy Products Market Overview
        2.1.Global Dairy Products Market Overview by Type
        2.2.Global Dairy Products Market Overview by Application
      3.Dairy Products Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Dairy Products Market Drivers
          3.1.2.Dairy Products Market Opportunities
          3.1.3.Dairy Products Market Restraints
          3.1.4.Dairy Products Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Dairy Products Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Product, 2017-2032
        4.1.Global Dairy Products Market Analysis by By Product: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Milk
        4.4.Cheese
        4.5.Yogurt
        4.6.Butter
        4.7.Others
      5.Global Dairy Products Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Distribution Channel, 2017-2032
        5.1.Global Dairy Products Market Analysis by By Distribution Channel: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Supermarkets/Hypermarkets
        5.4.Convenience Stores
        5.5.Online
        5.6.Others
      10.Global Dairy Products Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Dairy Products Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Dairy Products Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Dairy Products Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Dairy Products Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Dairy Products Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Dairy Products Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.Arla Foods amba
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.Fonterra Co-operative Group
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.GCMMF
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.The Kraft Heinz Company
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.Nestle S.A.
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.Danone S.A.
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.Royal Friesl and Campina
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.Dairy Farmers of America, Inc.
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.DMK Group
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.Meiji Holdings Co., Ltd.
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
        11.14.Other Key Players
          11.14.1.Company Overview
          11.14.2.Financial Highlights
          11.14.3.Product Portfolio
          11.14.4.SWOT Analysis
          11.14.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
    If your country is missing in the list, we apologize that we still do not serve in your country.

    Your personal details are safe and secured with us.

    If your country is missing in the list, we apologize that we still do not serve in your country.

    Your personal details are safe and secured with us.

    Select License Type


    • RC-1248

    • December-2024
      • ★★★★★
        ★★★★★
      • 80
    • $3190
    • $4590
    • $5690
    Download Free Brochure Customization Request Buy Country Level Reports Request Discount
    Chat on WhatsApp

    Get in Touch with Us

      USA Flag
    • UNITED STATES
      Phone: +1 732 369 9777
      India Flag
    • India
      Phone: +91 882 677 4855

    Recent Report

    • Textile Market
    • Cultural Tourism Market
    • Pet Accessories Market
    • Honeycomb Paper Market
    • Embroidery Market
    • Luxury Villas Market
    • Training Shoes Market
    • Luxury Watches Market
    • Fitness Apparel Market
    • Global Sun Protection Products Market
    Secured Payment Options
      /images/payment.png
    Legal
    • Privacy Policy
    • Refund Policy
    • Frequently Asked Questions
    • Terms and Conditions
    Explore Company
    • About Us
    • Contact Us
    • Trending Reports
    • Latest Reports
    • All Industries
    • How to Order
    Contact Detail
    • 957 Route 33, Suite 12 #308
            Hamilton Square, NJ-08690 USA
    • +1 (123) 456 4562 (International)
    • +1 (609) 857 6083 (International)
    • +91 882 677 4855 (Asia)
    • sales@dimensionmarketresearch.com
    Copyright Market Research. ©2025 All rights reserved