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The Dairy Market report segments the industry into Category (Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt), Distribution Channel (Off-Trade, On-Trade), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Includes five years of historical data and forecasts for the next five years.
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The dairy products market, which will be worth USD 649.88 billion in 2025, is expected to reach USD 813.58 billion by 2035, with a CAGR of 2.3% from 2025 to 2035.
| Metrics | Values |
|---|---|
| Industry Size (2025E) | USD 649.88 billion |
| Industry Value (2035F) | USD 813.58 billion |
| CAGR (2025 to 2035) | 2.3% |
Semi-Annual Demand Space Update
| Particular | Value CAGR |
|---|---|
| H1 (2024 to 2034) | 2.7% |
| H2 (2024 to 2034) | 2.8% |
| H1 (2025 to 2035) | 2.3% |
| H2 (2025 to 2035) | 2.4% |
Segment-wise Analysis
| Segment | Value Share (2025) |
|---|---|
| Milk (Product Type) | 42.3% |
| Segment | Value Share (2025) |
|---|---|
| Convenience Store | 66.6% |
Country-wise Analysis
| Countries | CAGR (2025 to 2035) |
|---|---|
| USA | 4.8% |
| UK | 3.6% |
| France | 3.2% |
| Germany | 3.5% |
| Italy | 3.1% |
| South Korea | 5.2% |
| Japan | 2.9% |
| China | 6.4% |
| Australia | 4% |
| New Zealand | 4.5% |
Competitive Outlook
| Company Name | Estimated Market Share (%) |
|---|---|
| Nestlé | 20-24% |
| Danone | 18-22% |
| Fonterra | 14-18% |
| Arla Foods | 10-14% |
| Lactalis | 8-12% |
| Other Companies (Combined) | 30-40% |
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Plant-Based Dairy Products Market size is valued at around USD 21.92 billion in 2025 and is projected to reach USD 28.83 billion by 2032 at 3.99 % CAGR during 2026-32.
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The international market for milk and milk products free from lactose in the year 2024 was estimated to be USD 13,874.3 million. The market for lactose free milk led to growth in 2025 and thus the overall world market was estimated to have been worth USD 14,581.8 million in 2025. Sales during the forecasting period (2025-2035) would be at a constant average rate of growth of 5.6 % CAGR, finally ending up with a value of USD 25,118.8 million in 2035.
| Attributes | Description |
|---|---|
| Estimated Global Lactose Free Dairy Product Industry Size (2025E) | USD 14,581.8 million |
| Projected Global Lactose Free Dairy Product Industry Value (2035F) | USD 25,118.8 million |
| Value-based CAGR (2025 to 2035) | 5.6 % |
Semi-Annual Market Update
| Particular | Value CAGR |
|---|---|
| H1 | 5.2 % (2024 to 2034) |
| H2 | 5.4 % (2024 to 2034) |
| H1 | 5.5 % (2025 to 2035) |
| H2 | 5.6 % (2025 to 2035) |
Country-wise Insights
| Country | CAGR (2025-2035) |
|---|---|
| USA | 5.2% |
| Germany | 4.8% |
| China | 6.1% |
| Japan | 4.5% |
| India | 7.0% |
Category-Wise Insights
| Segment | Value Share (2025) |
|---|---|
| Milk (By Product Type) | 48.7 % |
| Segment | Value Share (2025) |
|---|---|
| Organic (By Nature) | 37.9% |
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The Fortified Dairy Products Market is Segmented by Product Type (Milk, Cheese, and More), Nutrient Type (Vitamin, Mineral, Protein, Probiotics, Others), Customer Demographics (Children, Pregnant and Lactating Women, and More), Distribution Channel (Supermarkets/Hypermarkets, and More), and Geography (North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).
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The global lactose-free dairy products market was valued at $14,653.5 million in 2023 and is expected to reach $29,158.8 million by 2033, growing at a CAGR of 7.12%.
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The functional dairy products market is expected to witness steady growth between 2025 and 2035, driven by rising consumer demand for nutrient-rich dairy products with health benefits. The market was valued at USD 48,600 million in 2025 and is projected to reach USD 74,100 million by 2035, reflecting a compound annual growth rate (CAGR) of 4.5% over the forecast period.
Metric Overview
| Metric | Value |
|---|---|
| Market Size (2025E) | USD 48,600 million |
| Market Value (2035F) | USD 74,100 million |
| CAGR (2025 to 2035) | 4.5% |
Country-wise Outlook
| Country | CAGR (2025 to 2035) |
|---|---|
| United States | 4.2% |
| Country | CAGR (2025 to 2035) |
|---|---|
| United Kingdom | 3.9% |
| Country | CAGR (2025 to 2035) |
|---|---|
| European Union | 4.1% |
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 3.8% |
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 4.3% |
Competitive Outlook
| Company Name | Estimated Market Share (%) |
|---|---|
| Danone S.A. | 20-24% |
| Nestlé S.A. | 15-19% |
| Yakult Honsha Co., Ltd. | 12-16% |
| Arla Foods | 10-14% |
| Other Companies (Combined) | 30-40% |
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Global Dairy Product market was valued at USD 651.02 billion in 2024 and is expected to grow to USD 923.54 billion by 2030 with a CAGR of 4.21% during the forecast period.
| Pages | 182 |
| Market Size | 2024: USD 651.02 Billion |
| Forecast Market Size | 2030: USD 923.54 Billion |
| CAGR | 2025-2030: 4.21% |
| Fastest Growing Segment | Online |
| Largest Market | Europe |
| Key Players | 1. Arla Foods amba 2. Fonterra Co-operative Group Limited 3. GCMMF 4. Lactalis Heritage Dairy, Inc. 5. Nestle S.A. 6. Danone S.A. 7. Royal FrieslandCampina N.V. 8. Dairy Farmers of America, Inc. 9. DMK Deutsches Milchkontor GmbH 10. Meiji Holdings Co., Ltd |
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Dairy Products Market size was valued at USD 495 Billion in 2024 and is projected to reach USD 623.6 Billion by 2032, growing at a CAGR of 3% from 2026 to 2032.Global Dairy Products Market DriversRising Global Demand for Nutrient-Rich Foods: The worldwide recognition of dairy's exceptional nutritional profile is a primary growth engine for the market. Consumers globally are increasingly seeking out nutrient-rich foods that offer high-quality protein, essential vitamins (such as A, D, and B12), and bioavailable calcium, which are vital for bone health, muscle development, and overall immunity. Growth in Functional and Fortified Dairy Products: A significant trend fueling market expansion is the explosion of the functional and fortified dairy products segment. Health-conscious consumers are actively looking for dairy that offers benefits beyond basic nutrition, driving the popularity of products enriched with probiotics for gut health, added Vitamin D to combat deficiencies, and specialized proteins for sports nutrition.
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Dairy Products Market valuation is estimated to reach USD 140.50 Bn in 2025 and is anticipated to grow to USD 247.26 Bn by 2032, with steady CAGR of 8.4%
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Asia Pacific Dairy Products Market was valued at USD 215.87 billion in 2024 and is expected to reach USD 285.12 billion by 2030 with a CAGR of 4.81%
| Pages | 131 |
| Market Size | 2024: USD 215.87 Billion |
| Forecast Market Size | 2030: USD 285.12 Billion |
| CAGR | 2025-2030: 4.81% |
| Fastest Growing Segment | Online |
| Largest Market | China |
| Key Players | 1. Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) 2. Yili Group 3. Nestle SA 4. Yakult Honsha Co., Ltd. 5. Meiji Holdings Company, Ltd. 6. Mother Dairy Fruit & Vegetable Pvt. Ltd. 7. Dean Foods Company 8. The Kraft Heinz Company 9. Bright Dairy & Food Co., Ltd. 10. Fonterra Co-operative Group Limited |
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The Saudi Arabia Dairy Products Market Report is Segmented by Product Type (Butter, Cheese, Cream, Dairy Desserts, Milk, Yogurt, Sour Milk Drinks) and Distribution Channel (On-Trade, Off-Trade). The Market Forecasts are Provided in Terms of Value (USD).
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The Qatar Dairy Products Market Report is Segmented by Product Type (Cheese, Milk, Yogurt, Butter, Cream, Ice-Cream, and Frozen Desserts and Other Product Types ), Source (Cow Milk, Camel Milk, and Goat and Sheep Milk), Packaging Type (Bottled, Cartons, Pouches, and More), and Distribution Channel (On-Trade, and Off-Trade). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Tons).
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According to Cognitive Market Research, the global Dairy Product market size was USD 501241.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 200496.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 150372.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 115285.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 25062.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 10024.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Milk category is the fastest growing segment of the Dairy Product industry
Market Dynamics of Dairy Product Market
Key Drivers for Dairy Product Market
Rising Global Demand for Nutritional Food: Consumers are progressively transitioning towards diets rich in protein and nutrients, which is increasing the demand for dairy products. Milk, cheese, yogurt, and butter are regarded as vital elements of a balanced diet.
Urbanization and Growth of Supermarkets: The development of retail infrastructure and cold chain logistics is enhancing the accessibility of packaged dairy products. Urban populations are propelling the consumption of value-added dairy items such as flavored milk and probiotic beverages.
Government Support and Subsidies for Dairy Farming: Numerous governments provide financial assistance, training, and subsidies to enhance milk production and dairy infrastructure. These programs contribute to stabilizing supply and improving the competitiveness of local producers.
Key Restraints for Dairy Product Market
Volatility in Milk Prices and Feed Costs: The fluctuating costs of animal feed and raw milk introduce uncertainty in production expenses and profit margins. This volatility impacts pricing strategies and the overall stability of the dairy supply chain.
Lactose Intolerance and Dietary Shifts: A considerable segment of the global population experiences lactose intolerance or opts for plant-based alternatives. This health issue is restricting dairy consumption, particularly in developed and health-conscious markets.
Stringent Regulations and Quality Standards: Adhering to food safety, hygiene, and labeling regulations necessitates ongoing monitoring and investment. Smaller producers frequently find it challenging to comply with these standards, which restricts their market access.
Key Trends for Dairy Product Market
Growth of Plant-Based and Lactose-Free Alternatives: Consumers are increasingly opting for soy, almond, oat, and lactose-free dairy products due to health, ethical, and environmental considerations. This trend is transforming the product offerings of conventional dairy companies.
Rising Popularity of Functional and Fortified Dairy: Products fortified with vitamins, probiotics, and minerals are gaining traction among health-conscious consumers. Functional dairy items like immune-boosting yogurt and protein-rich milk are in high demand.
Expansion of Online and Direct-to-Consumer Channels: E-commerce platforms and farm-to-home delivery models are revolutionizing how dairy products reach consumers. Digital sales channels offer convenience, freshness, and customization in product offerings.
Impact of Covid-19 on the Dairy Product Market
The coronavirus epidemic has had an impact on the world economy since governments all around the world implemented lockdowns to restrict travel. International travel and industrial operations were suspended as a result of these lockdowns. Nearly every industrial sector suffered greatly as a result of these actions. Labour shortages and supply chain failures also affected factories and manufacturing facilities. The dairy products industry's supply chain is still suffering greatly as a result of...
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global animal free dairy products market size was worth around USD 26.5 billion in 2023 and is predicted to grow to around USD 65.6 billion by 2032, (CAGR) of roughly 10.6%
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The global dairy by-products market is experiencing robust growth, driven by increasing consumer demand for functional foods, beverages, and nutraceuticals. The market's expansion is fueled by several key factors: the rising awareness of health benefits associated with dairy by-products, the growing popularity of protein-rich diets, and the increasing utilization of these by-products in innovative food and beverage applications. The market is segmented by application (functional foods, beverages, and nutraceuticals) and type (liquid, powder, and granules), with the powder segment currently holding a significant market share due to its ease of storage, transportation, and incorporation into various products. Key players like Nestle, Danone, and Fonterra are actively investing in research and development to enhance the functionality and expand the applications of dairy by-products, further driving market growth. Geographic variations exist, with North America and Europe currently holding a dominant market share due to high consumer awareness and established infrastructure. However, regions like Asia-Pacific are expected to witness significant growth in the coming years driven by rising disposable incomes and changing dietary habits. While challenges remain, including fluctuating raw material prices and stringent regulatory compliance requirements, the overall market outlook for dairy by-products remains positive, projecting a strong growth trajectory in the forecast period. The market's projected Compound Annual Growth Rate (CAGR) allows for a reasonable estimation of future market size. Assuming a conservative CAGR of 5% and a 2025 market size of $10 billion (a reasonable estimate based on industry reports and the prominence of the involved companies), the market is poised for substantial expansion. The liquid segment is projected to grow at a slightly faster rate than powders and granules, driven by consumer preference for convenient and ready-to-consume products. Furthermore, the nutraceutical application is expected to exhibit strong growth due to the increasing demand for supplements and functional food ingredients. This growth will be further spurred by the increasing focus on sustainability and the efficient utilization of dairy resources, leading to more innovative and cost-effective production methods. This creates opportunities for both established players and new entrants in the market.
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The Dairy Products Market size was valued at USD 944.7 Billion in 2023 and is projected to reach USD1,459.3 Billion by 2032, exhibiting a CAGR of 4.95 % during the forecasts period. The dairy product market refers to all the products that are derived from milk, and they include cheese, butter, yogurt, milk powders, and cream. These products are used in direct food products and also as raw materials for other food products that are eaten at homes, restaurants, and even processed food industries. The most influential factors that define market growth include an increased interest of the population in high-protein probiotics, the use of organic and grass-fed dairy products, and new lactose-free and plant-based diets. Besides, growing health consciousness and changing food choices influencing product innovation, promotional strategies, and progressiveness in manufacturing and packaging techniques help improve food storage, shelf, and product value.
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The Dairy Goods Sales Dataset provides a detailed and comprehensive collection of data related to dairy farms, dairy products, sales, and inventory management. This dataset encompasses a wide range of information, including farm location, land area, cow population, farm size, production dates, product details, brand information, quantities, pricing, shelf life, storage conditions, expiration dates, sales information, customer locations, sales channels, stock quantities, stock thresholds, and reorder quantities.
This dataset can be used by researchers, analysts, and businesses in the dairy industry for various purposes, such as:
Note: This dataset includes data from the period between 2019 and 2022, and it specifically focuses on selected dairy brands operating in specific states and union territories of India. There is an intentional drift highlighted in the dataset's figures due to its opensource and creative license, currently !
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The Australia Dairy Products Market was valued at USD 6.78 Billion in 2024 and is expected to reach USD 9.34 Billion by 2030 with a CAGR of 5.54%
| Pages | 70 |
| Market Size | 2024: USD 6.78 Billion |
| Forecast Market Size | 2030: USD 9.34 Billion |
| CAGR | 2025-2030: 5.54% |
| Fastest Growing Segment | Online |
| Largest Market | Queensland |
| Key Players | 1. Fonterra Co-operative Group Limited 2. Saputo Dairy Australia Pty Ltd 3. Bega Cheese Limited 4. Norco Co-operative Limited 5. Brownes Dairy 6. Parmalat Australia Ltd (Lactalis Australia) 7. Pure Dairy 8. Ashgrove Cheese 9. Maleny Dairies 10. Dairy Farmers (Bega Group) |
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Dairy Products Market Size Value in Greece, 2021 Discover more data with ReportLinker!
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The Dairy Market report segments the industry into Category (Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt), Distribution Channel (Off-Trade, On-Trade), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Includes five years of historical data and forecasts for the next five years.