Dairy Product Market Report 2025 (Global Edition)

Global Dairy Product Market Report 2025 Market Size Split by Type Outlook: (Milk, Cheese, Butter, Yogurt, Cream, Milk Powder, UTH Milk), by Application Outlook: (Food and Beverages, Bakery and Confect...

Dairy Product Market Report Description

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Competitive Landscape of the Dairy Product Market

There are numerous local businesses that contribute to the market's modest fragmentation. With the help of partnerships, acquisitions, and mergers, these market participants are attempting to increase their market share. Businesses are also spending money on creating better products. They are also concentrating on keeping their prices competitive.

In March 2022, In the US and other North American markets, Danone's Activia Brand launched Activia+. There are three kinds of drinkable yoghurt products: strawberry, peach, and raspberry.

(Source:https://www.danonenorthamerica.com/newsroom/details/new-activia-multi-benefit-drinkable-yogurt-with-added-nutrients-helps-support-your-immune-system.html.html.html.html.html.html.html.html.html.html.html)

In February 2022, Chobani LLC, a company based in New Berlin, New York, expanded its presence on the refrigerated shelf by introducing two new dairy products: half & half and lactose-free, protein-packed ultra-filtered milk. These products, like many of the company's other recent offerings, are packaged in extensively recyclable paper. They are produced with milk that is sourced locally.

(Source:https://www.dairyfoods.com/articles/95462-chobani-launches-ultra-filtered-milk-and-half-and-half#:~:text=Chobani%20LLC%2C%20New%20Berlin%2C%20N.Y.%2C%20says%20it%20introduced,protein-packed%20ultrafiltered%20milk%3B%20and%20Chobani%20half%20%26%20half.)

Top Companies Market Share in Dairy Product Industry: (In no particular order of Rank)

• Arla Foods amba
• Fonterra Co-operative Group
• GCMMF
• The Kraft Heinz Company
• Nestle S.A.
• Danone S.A.
• Royal FrieslandCampina
• Dairy Farmers of America Inc.
• DMK Group
• Meiji Holdings Co. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Dairy Product Market

Which Region Dominates the Dairy Product Market in 2024?

According to Cognitive Market Research, North America currently dominates the Dairy Products market, and the region is expected to have significant growth during the projected period. The robust economy in North America has contributed to increased disposable income, enabling consumers to spend more on premium and specialized dairy products.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is attributed to factors like increasing demand for packaged and processed dairy products, growing health consciousness among consumers, and rising awareness of the nutritional benefits of dairy products.

The current report Scope analyzes Dairy Product Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Dairy Product Market Analysis

According to Cognitive Market Research, the global Dairy Product market size was estimated at USD 501241.5 Million, out of which North America held the major market share of 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.

• According to Cognitive Market Research, the US had a major share in the Dairy Product market with a market size of USD 158191.82 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Consumers are increasingly seeking protein-rich foods, and dairy products like milk, yogurt, and cheese provide a convenient and readily available source.
• The Canada Dairy Product market had a market share of USD 24059.59 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. The Canadian government has implemented policies that support the dairy industry
• The Mexico Dairy Product market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 18245.19 million in 2024.

Europe Dairy Product Market Analysis

According to Cognitive Market Research, the global Dairy Product market size was estimated at USD 501241.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 150372.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.

• The United Kingdom Dairy Product market had a market share of USD 25262.57 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. As the UK economy grows, consumer disposable incomes increase, leading to higher spending on dairy products.
• The France Dairy Product market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 13834.27 million in 2024.
• According to Cognitive Market Research, the German Dairy Product market size was valued at USD 29773.75 million in 2024 and is projected to grow at a CAGR of 6.7% during the forecast period. The German population is ageing, and older adults are more likely to consume dairy products than younger people. This is contributing to the growth of the German dairy market.
• The Italy Dairy Product market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 12932.03 million in 2024.
• The Russia Dairy Product market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 23307.73 million in 2024.
• The Spain Dairy Product market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD 12330.54 million in 2024
• The Luxembourg Dairy Product market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 4661.55 million in 2024.
• The Portugal Dairy Product market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD 3157.82 million in 2024.
• The Greece Dairy Product market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 1804.47 million in 2024.
• The Rest of Europe's Dairy Product market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 23307.73 million in 2024.

Asia Pacific Dairy Product Market Analysis

According to Cognitive Market Research, the global Dairy Product market size was estimated at USD 501241.5 Million, out of which Asia Pacific held the 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.

• According to Cognitive Market Research, the China Dairy Product market size was valued at USD 51878.50 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. As China's economy continues to expand, disposable incomes are increasing, allowing consumers to spend more on premium and value-added dairy products.
• The Japan Dairy Product market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 15909.41 million in 2024.
• The India Dairy Product market had a market share of USD 13834.27 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. India's large and growing population, coupled with increasing urbanization, creates a substantial demand for dairy products as they are a staple in Indian diets.
• The South Korean Dairy Product market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 11528.55 million in 2024.
• The Australian Dairy Product market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 5994.85 million in 2024.
• The South East Asia Dairy Product market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 7954.70 million in 2024.
• The Rest of Asia Pacific Dairy Product market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 8185.27 million in 2024.

South America Dairy Product Market Analysis

According to Cognitive Market Research, the global Dairy Product market size was estimated at USD 501241.5 Million, out of which Latin America held the market share of around 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.

• According to Cognitive Market Research, the Brazil Dairy Product market size was valued at USD 10726.57 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Brazil has a large and growing population, leading to increased demand for food, including dairy products.
• Argentina's Dairy Product market had a market share of USD 4210.43 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. Changing consumer preferences towards healthier and more convenient food options has also fueled growth.
• Colombia's Dairy Product market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 2230.52 million in 2024.
• Peru's Dairy Product market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 2055.09 million in 2024.
• Chile's Dairy Product market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1804.47 million in 2024.
• The Rest of Latin America's Dairy Product market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 4034.99 million in 2024.

Middle East Dairy Product Market Analysis

According to Cognitive Market Research, the global Dairy Product market size was estimated at USD 501241.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with 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 GCC Countries Dairy Product market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 4290.63 million in 2024. The GCC region has a rapidly expanding population, leading to increased demand for food and beverages, including dairy products.
• The Egypt Dairy Product market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 1052.61 million in 2024.
• The South Africa Dairy Product market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 1583.92 million in 2024. The increasing population in South Africa translates to a larger consumer base for dairy products.
• The Turkey Dairy Product market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 862.14 million in 2024.
• The Nigeria Dairy Product market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 1052.61 million in 2024.
• The Rest of the MEA Dairy Product market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 1182.93 million in 2024.

Dairy Product Market Analysis

How are Segments Performing in the Global Dairy Product Market?

Dairy Product Market Type Segment Analysis

According to Cognitive Market Research, milk is likely to dominate the Dairy Product Market over the forecast period. Since milk is so nutrient-dense and provides calcium and protein, it is the cause of this growth in emerging nations. Additionally, elders who drink milk are less likely to develop osteoporosis, which is predicted to increase demand for the product significantly.

The Yogurt is the fastest-growing segment in the Dairy Product Market. The strong demand for yoghurt in nations like Brazil, China, and India is anticipated to propel the yoghurt segment's rise throughout the forecast period. Yoghurt is a popular food among Chinese consumers because it helps keep the intestines healthy, which boosts immunity. Also, the country's inclination for flavoured and mildly sweet yoghurt products affects the market's overall growth.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Dairy Product Industry. Request a Free Sample PDF!

Dairy Product Market Application Segment Analysis

According to Cognitive Market Research, the Food and Beverages segment holds the largest share of the market. Consumers are increasingly seeking dairy products with added health benefits, such as probiotics, vitamins, and minerals. Dairy companies need to adapt to changing consumer preferences, such as the demand for healthier and more sustainable products.

In the Dairy Product Market, Clinical Nutrition has been expanding at a rapid pace. The dairy product market is a vast and dynamic industry, encompassing a wide range of products derived from milk, including cheese, yoghurt, butter, and milk itself. Within this market, the clinical nutrition segment plays a crucial role in providing specialized nutritional solutions for individuals with specific dietary needs or health conditions.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Dairy Product Distribution Channel Outlook: Segment Analysis

Dairy Product Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Supermarket segment holds the largest market share. The main drivers of the segment's growth are the expansion of supermarkets and hypermarkets as well as the variety of goods available in these establishments. Dairy items are kept on temperature-controlled shelves in supermarkets to prevent spoiling. These retailers offer everyday necessities at more affordable pricing, which is handy for customers and will probably propel the segment's growth in the upcoming years.

In the Dairy Product market, the rapidly growing sector is the online Channel category. Dairy products are widely distributed online by companies including Walmart, Mr. Case, Sainsbury's, Ocado, and Just Milk. Some businesses use their mobile applications to deliver the product online as well. For example, GCMMF (Amul), a company established in India, uses its mobile application to distribute milk and other dairy products. The segment's expansion will also be aided by the world's increased connection and rising internet usage.

• Supermarket
• Online Channel
• Specialty Stores
• Convenience Store
• Others

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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