Milk rose to 17.57 USD/CWT on September 26, 2025, up 0.11% from the previous day. Over the past month, Milk's price has risen 1.09%, but it is still 24.59% 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.

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.

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.

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.

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

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 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.

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.

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.

Serbia Average Retail Price: Milk & Dairy Products: Milk data was reported at 87.470 RSD/l in 2016. This records an increase from the previous number of 84.330 RSD/l for 2015. Serbia Average Retail Price: Milk & Dairy Products: Milk data is updated yearly, averaging 37.250 RSD/l from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 87.470 RSD/l in 2016 and a record low of 2.460 RSD/l in 1996. Serbia Average Retail Price: Milk & Dairy Products: Milk data remains active status in CEIC and is reported by Statistical Office of the Republic of Serbia. The data is categorized under Global Database’s Serbia – Table RS.P001: Average Retail Prices.

This graph depicts the Consumer Price Index (CPI) of dairy products and eggs in France from May 2020 to August 2025. In May 2020, the CPI reached 103.72, while in August 2025, it had increased, reaching 132.78.

The organic milk market size was estimated at USD 24.91 billion in 2024. The organic milk industry is expected to grow from USD 25.6 billion in 2025 to USD 34.6 billion by 2035.

Country wise Insights

Monthly average retail prices for selected products, for Canada and provinces. Prices are presented for the current month and the previous four months. Prices are based on transaction data from Canadian retailers, and are presented in Canadian current dollars.

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.

Pakistan Average Retail Price: Fresh Milk data was reported at 82.750 PKR/l in 2018. This records an increase from the previous number of 80.590 PKR/l for 2017. Pakistan Average Retail Price: Fresh Milk data is updated yearly, averaging 20.245 PKR/l from Jun 1991 (Median) to 2018, with 28 observations. The data reached an all-time high of 82.750 PKR/l in 2018 and a record low of 7.710 PKR/l in 1991. Pakistan Average Retail Price: Fresh Milk data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.P001: Average Retail Price.

The global milk and dairy products market is a substantial and dynamic sector, exhibiting consistent growth driven by several key factors. Rising global population, increasing disposable incomes in developing economies, and a growing preference for convenient and nutritious food options are major contributors to market expansion. The shift towards healthier lifestyles fuels demand for dairy products perceived as beneficial for bone health and overall well-being. Furthermore, the expanding food service sector, particularly in quick-service restaurants and cafes, significantly contributes to increased consumption. Innovation in product offerings, such as the introduction of functional dairy products enriched with probiotics or vitamins, further enhances market appeal. While challenges exist, such as fluctuations in milk production due to climate change and increasing raw material costs, the market shows resilience and strong growth potential. Specific product segments like yogurt and cheese demonstrate particularly robust growth due to their versatility in culinary applications and perceived health benefits. E-commerce channels are also rapidly gaining traction, offering convenient purchasing options and expanding market reach, particularly in developed nations. Geographic variations in consumption patterns are evident, with developed nations exhibiting higher per capita consumption compared to developing regions where market growth is propelled by increasing affordability and awareness of dairy's nutritional value. Competition within the industry is fierce, with large multinational corporations alongside regional players vying for market share. Strategic partnerships, mergers and acquisitions, and a focus on sustainable practices are shaping the competitive landscape. The market segmentation reflects diverse consumer preferences and purchasing behaviors. Fluid milk remains a staple, but value-added products like yogurt, cheese, and ice cream are driving significant growth, reflecting consumer demand for variety and convenience. Different distribution channels cater to these diverse needs, with hypermarkets and supermarkets holding a considerable share, while the e-commerce segment is rapidly expanding. Regional differences in consumption patterns are significant, with North America and Europe holding substantial market shares. However, rapidly developing economies in Asia-Pacific and other regions present significant growth opportunities. Looking ahead, the market is poised for continued expansion, driven by innovation, evolving consumer preferences, and increasing global demand for nutritious and convenient food choices. Sustainable production practices and efficient supply chains will be crucial in ensuring long-term growth and stability within this dynamic sector. The market is likely to see further consolidation through mergers and acquisitions, and an increase in focus on organic and plant-based alternatives.

In January 2023, the price of fresh milk remained constant at $1,182 per ton (CIF, Hong Kong, China) compared to the previous month.