Milk rose to 17.65 USD/CWT on September 19, 2025, up 0.06% from the previous day. Over the past month, Milk's price has risen 1.38%, but it is still 24.35% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on September of 2025.

How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was *** U.S. dollars, which was a decrease from the previous year. Milk production Dairy farming is an agricultural business which is engaged in the long-term milk production within the dairy industry. Dairy farming is a large contributor to the overall economy in many states. California, Wisconsin, and Idaho had the highest milk supply in 2022. Continuing the trend of each year breaking the record for milk production, an estimated ***** billion pounds of milk were produced in 2023. Milk consumption Since 2011, there has been a steady decline in milk consumption in the United States, with just **** liters consumed per capita compared to **** in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, ** percent of consumers consumed soy products at least once a week, up from ** percent in 2010.

The price per unit in the 'Milk Substitutes' segment of the food market in the United Kingdom was modeled to stand at **** U.S. dollars in 2024. Following a continuous upward trend, the price per unit has risen by **** U.S. dollars since 2018. Between 2024 and 2030, the price per unit will rise by **** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Milk Substitutes.

Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."

Dairy Price Index in World decreased to 152.60 Index Points in August from 154.60 Index Points in July of 2025. This dataset includes a chart with historical data for World Dairy Price Index.

The average retail price of whole milk in Denmark fluctuated recently. It peaked in 2023, as the price of whole milk in retail stores reached on average ***** Danish kroner per liter. This was an increase compared to the previous year. The average retail price of organic whole milk was even higher in 2023 and amounted to **** Danish kroner per liter. Organic milk comes from cows that are not treated with antibiotics and hormones and are on the pasture around *** days a year.   Whole milk consumption  In the period from 2011 to 2023, the consumption volume of whole milk in Denmark increased overall. It grew from nearly ** thousand metric tons to approximately ** thousand metric tons of whole milk. By the end of this period, **** kilograms of whole milk have been consumed per person in the country. Whole milk production  In Denmark, the production volume of whole milk as well as organic whole milk fluctuated. In 2023, the whole milk production volume amounted to nearly *** thousand metric tons. By comparison, the volume of produced organic whole milk was much lower and amounted to **** thousand metric tons in the same year.

USDA forecasts that milk production in the U.S. will rise by 2.1% in 2021 thanks to gains in yield per cow as well as a slight increase in the number of milk cows. The average yearly price received by farmers for cow milk in 2021 is predicted to grow by 3.9% y-o-y amidst a rally in prices for animal feed. Rising consumer demand for cheese and butter continues to drive the market on the backdrop of lower demand for beverage milk. Demand in Asia for imported dairy products features as another factor boosting milk processing in the U.S.

View monthly updates and historical trends for US Milk Farm Price Received. from United States. Source: US Department of Agriculture. Track economic data …

The global whole fresh milk market expanded slightly to $825.4B in 2024, with an increase of 4.8% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is likely to continue growth in years to come.

The Wholesale Price Index of milk across India during financial year 2024 was over ***. An overall increase in the price index for milk was seen over the years from financial year 2013 in the country.

Discover the forecasted growth of the skim milk market worldwide, with an anticipated increase in consumption over the next decade. Market performance is projected to trend upwards, reaching 149M tons in volume and $108.4B in value by 2035.

After seven years of growth, the Indian milk market decreased by -3.6% to $174.5B in 2024. In general, the total consumption indicated a strong expansion from 2012 to 2024: its value increased at an average annual rate of +6.1% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +103.5% against 2012 indices.

According to Cognitive Market Research, the global Milk Market size was USD 951245.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% 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 380498.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 285373.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 218786.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 47562.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% 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 19024.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The Liquid milk category is the fastest growing segment of the milk industry

Market Dynamics of Milk Market

Key Drivers for Milk Market

Increasing Health Awareness: The growing consumer inclination towards protein-rich diets is propelling the demand for milk, as it is perceived as a natural and nutritious source that supports growth, immunity, and overall wellness.

Rising Urbanization: The increase in urban populations is driving the demand for packaged and processed milk, bolstered by cold-chain logistics and organized retail, which ensure greater availability and convenience for everyday consumers.

Product Innovation: The introduction of flavored milk, fortified milk, and lactose-free options is enhancing market penetration, catering to various dietary requirements and broadening milk consumption beyond traditional household applications.

Key Restraints for Milk Market

Lactose Intolerance: The rising incidence of lactose intolerance among consumers worldwide is diminishing traditional milk consumption, posing challenges for dairy producers who depend significantly on regular milk sales.

Supply Chain Challenges: The requirement for efficient cold storage and transportation of milk presents challenges. Infrastructure deficiencies, particularly in developing areas, result in spoilage, which restricts distribution and overall market expansion.

Price Volatility: Fluctuations in milk prices, driven by feed costs, climate change, and supply-demand discrepancies, create instability for producers and uncertainty regarding consumer affordability.

Key Trends for Milk Market

Plant-Based Alternatives: The increasing prevalence of veganism and lactose intolerance is enhancing the popularity of almond, soy, and oat milk, posing challenges for dairy companies while encouraging diversification strategies.

Digital Retail Growth: The rise of e-commerce and subscription-based delivery services is improving milk accessibility, providing convenience and direct-to-home supply chains, particularly in urban areas.

Sustainability Focus: Consumers are showing a preference for ethically sourced, organic, and low-carbon milk. Producers are investing in eco-friendly packaging, renewable energy, and sustainable dairy farming practices to align with global environmental trends. Introduction of the Milk Market

Mammals' mammary glands generate milk, a milky liquid that is the main food supply for their offspring in the early stages of life. Proteins, lipids, carbohydrates (mostly lactose), and vitamins are among the many vital components that are abundant in this beverage. For babies and young mammals, milk provides a well-balanced combination of nutrients. It offers vital vitamins and minerals including calcium and vitamin D, as well as proteins needed for growth, energy-producing lipids, and lactose as a source of carbohydrates. Fresh milk is edible, but it can also be processed to make cheese, Yoghurt, butter, and ice cream, among other dairy products. Growing knowledge of the advantages of drinking milk for your health, including its nutritional content and function in a balanced diet, is propelling market.

In November 2023, Nestlé SA introduced N3, their first-to-market milk that is reduce...

In 2024, the Danish milk market decreased by -4.6% to $4.5B, falling for the second consecutive year after three years of growth. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $5B in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

The consumer price index (CPI) of milk and dairy increased in the Netherlands from 2018 to 2022. In October 2022, the CPI of milk and dairy in the Netherlands was nearly ***.

United States Consumer Price: Average: Milk, Fresh data was reported at 2.913 USD/lb in Oct 2018. This records an increase from the previous number of 2.890 USD/lb for Sep 2018. United States Consumer Price: Average: Milk, Fresh data is updated monthly, averaging 3.119 USD/lb from Jul 1995 (Median) to Oct 2018, with 280 observations. The data reached an all-time high of 3.961 USD/lb in Jul 2008 and a record low of 2.459 USD/lb in Sep 1995. United States Consumer Price: Average: Milk, Fresh data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.P001: Consumer Price.

The global milk and cream market is experiencing robust growth, driven by increasing consumer demand for dairy products and the expanding global population. While precise figures for market size and CAGR aren't provided, a reasonable estimation, based on industry reports and trends, would place the 2025 market size at approximately $250 billion USD. Considering the consistent demand and growth potential across various segments, a conservative Compound Annual Growth Rate (CAGR) of 4% from 2025-2033 can be projected. This growth is fueled by several key factors, including the rising popularity of value-added dairy products like flavored milk and cream-based desserts, the increasing adoption of online grocery platforms, and the growing consumer preference for organic and sustainable dairy sources. The market is segmented by product type (natural and artificial) and distribution channels (third-party online platforms, fresh e-commerce, supermarkets, hypermarkets, convenience stores, and specialized retailers). Major players like Nestle, Lactalis, and Danone are leveraging these trends through strategic investments in product diversification and global expansion. However, challenges remain, including fluctuations in milk production due to climate change and the rising costs of raw materials, potentially impacting profitability and prices. Regional variations in market growth are anticipated, with North America and Europe maintaining significant shares due to established dairy industries and higher per capita consumption. However, Asia Pacific is expected to demonstrate substantial growth potential, driven by rapid economic development and rising disposable incomes in emerging economies like India and China, leading to increased dairy product demand. The segment of fresh e-commerce platforms is anticipated to experience faster than average growth due to increasing convenience for customers and a widening market reach. The market also faces constraints including increasing regulatory scrutiny regarding labeling standards, safety regulations, and the evolving preferences of consumers towards plant-based alternatives. Nevertheless, the overall outlook for the milk and cream market remains positive, with opportunities for innovation and expansion in both established and emerging markets.

The 2 Percent Reduced Fat Milk market is a significant segment within the broader dairy industry, exhibiting steady growth driven by consumer preference for healthier alternatives to whole milk. While precise market size figures for 2019-2024 are unavailable, a reasonable estimate for the 2025 market size, based on industry trends and the presence of established players like Organic Valley and Borden Dairy, could be around $5 billion (USD). Assuming a conservative Compound Annual Growth Rate (CAGR) of 2% (consistent with moderate growth in the dairy sector), the market is projected to reach approximately $5.4 billion by 2033. Key drivers include increasing health consciousness among consumers, a preference for lower-fat dairy options, and the continued popularity of milk in various food and beverage applications. Trends such as the rise of organic and plant-based alternatives pose challenges, demanding continuous innovation and marketing efforts to maintain market share. Growth restraints include fluctuating milk prices, potential shifts in consumer preferences toward plant-based alternatives, and the impact of environmental concerns on dairy farming practices. Segmentation within the market may include packaging types (e.g., cartons, bottles), distribution channels (e.g., retail, food service), and organic vs. conventional milk. The competitive landscape is characterized by a mix of large established dairy companies and smaller regional players. Large companies leverage extensive distribution networks and established brands to maintain dominance, while smaller, niche players often focus on organic or specialized milk varieties. Future growth strategies for market participants will likely involve focusing on product innovation (e.g., flavored varieties, added nutrients), sustainable sourcing, and robust marketing campaigns emphasizing the health benefits and versatility of 2 percent reduced-fat milk. Companies must also address the challenge of plant-based competition through strategic positioning and targeted consumer education. A strong emphasis on traceability and transparent farming practices will also be crucial in building consumer trust and loyalty.

The global milk market is a substantial industry, exhibiting consistent growth driven by several key factors. Rising global populations, particularly in developing economies, fuel increased demand for dairy products, including milk. Furthermore, shifting consumer preferences towards healthier diets and the incorporation of milk into various food and beverage products contribute significantly to market expansion. The increasing awareness of milk's nutritional benefits, such as calcium and protein content, further boosts consumption. However, challenges exist, including fluctuating milk prices influenced by factors like feed costs and weather patterns. Competition among major players, such as Nestlé, Danone, and Lactalis, is intense, leading to innovative product development and strategic alliances. The market also faces pressure from plant-based milk alternatives, which are gaining popularity among consumers seeking vegan or lactose-free options. Nevertheless, the overall market outlook remains positive, driven by continued population growth and ongoing innovation in dairy technology and product diversification, including organic and functional milk varieties. Market segmentation plays a crucial role in understanding the dynamics of the milk industry. Different product types, such as fresh milk, UHT milk, and flavored milk, cater to diverse consumer preferences. Geographic variations in consumption patterns also exist, with developed markets exhibiting mature consumption trends and emerging economies showing significant growth potential. The competitive landscape is characterized by a mix of multinational corporations and regional players, each employing various strategies to capture market share. Future growth will likely be influenced by factors such as sustainable farming practices, increasing focus on traceability and transparency within the supply chain, and the development of new technologies that enhance milk production and processing efficiency. The strategic focus of companies will likely include expanding into new markets, enhancing product offerings, and leveraging technological advancements to improve operational efficiency and sustainability.