How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was 4.1 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 228.3 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 65.2 liters consumed per capita compared to 78.3 in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, 35 percent of consumers consumed soy products at least once a week, up from 24 percent in 2010.

Milk rose to 18.67 USD/CWT on June 23, 2025, up 0.05% from the previous day. Over the past month, Milk's price has risen 0.32%, but it is still 6.28% 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 June of 2025.

The price per unit in the 'Milk Substitutes' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total 0.5 U.S. dollars (+12.47 percent). After the tenth consecutive increasing year, the price per unit is estimated to reach 4.51 U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Milk Substitutes' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the average revenue per user (ARPU) and sales volume change. The Statista Market Insights cover a broad range of additional markets.

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

Dairy Price Index in World increased to 153.50 Index Points in May from 152.20 Index Points in April 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 13.13 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 15.4 Danish kroner per liter. Organic milk comes from cows that are not treated with antibiotics and hormones and are on the pasture around 120 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 63 thousand metric tons to approximately 91 thousand metric tons of whole milk. By the end of this period, 15.3 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 607 thousand metric tons. By comparison, the volume of produced organic whole milk was much lower and amounted to 23.5 thousand metric tons in the same year.

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.

Latvia Average Retail Price: Milk data was reported at 0.870 EUR/l in 2017. This records an increase from the previous number of 0.720 EUR/l for 2016. Latvia Average Retail Price: Milk data is updated yearly, averaging 0.550 EUR/l from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 0.890 EUR/l in 2014 and a record low of 0.310 EUR/l in 2000. Latvia Average Retail Price: Milk data remains active status in CEIC and is reported by Central Statistical Bureau of Latvia. The data is categorized under Global Database’s Latvia – Table LV.P001: Average Retail Price.

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

For the fifth consecutive year, the global whole fresh milk market recorded growth in sales value, which increased by 5% to $826.8B in 2024. 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 the near future.

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.

This graph depicts the Consumer Price Index (CPI) of dairy products and eggs in France from May 2020 to December 2024. In May 2020, the CPI reached 103.72, while in December 2024, it had increased, reaching 131.51.

The South African whole fresh milk market rose to $2.7B in 2024, growing by 3.7% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in years to come.

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.

Milk price of Nova Scotia climb by 2.82% from 908 dollars per kilolitre in 2024M9 to 934 dollars per kilolitre in 2024M10. Since the 1.99% decrease in 2024M7, milk price increased by 3.58% in 2024M10.

Ireland Consumer Price: Avg: Dairy Products: Milk: Full Fat: 2 Litre Bottle data was reported at 1.700 EUR/Unit in Sep 2018. This records an increase from the previous number of 1.699 EUR/Unit for Aug 2018. Ireland Consumer Price: Avg: Dairy Products: Milk: Full Fat: 2 Litre Bottle data is updated monthly, averaging 1.768 EUR/Unit from Dec 2006 (Median) to Sep 2018, with 142 observations. The data reached an all-time high of 2.037 EUR/Unit in Aug 2008 and a record low of 1.491 EUR/Unit in Jan 2007. Ireland Consumer Price: Avg: Dairy Products: Milk: Full Fat: 2 Litre Bottle data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.P001: Consumer Price: Average.

Get the latest insights on price movement and trend analysis of Whole Milk Powder (WMP) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

After four years of growth, the Asian whole fresh milk market decreased by -2.1% to $309.6B in 2019. The market value...