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Dairy Market Size, Trends, Analysis, and Outlook By Type (Butter, Cheese, Cream, Dairy Desserts, Milk, Yogurt), By Distribution Channel (Off-Trade, On-Trade), by Country, Segment, and Companies, 2024-2032

October 2024 | 190 pages | ID: DB9CDB721249EN
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Global Dairy Market Size is valued at $912.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.8% to reach $1328.2 Billion by 2032.

The dairy market is being driven by the demand for healthier, functional dairy products, with consumers increasingly opting for low-fat, probiotic-enriched, and lactose-free alternatives. Sustainability concerns are also pushing companies to focus on eco-friendly packaging, reducing water usage, and ethical sourcing of milk. Innovations in plant-based dairy alternatives are expanding the market, catering to vegan and lactose-intolerant consumers, while fortified dairy products are gaining popularity for their added health benefits.

Dairy Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Dairy survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Dairy industry.

Key market trends defining the global Dairy demand in 2025 and Beyond

The Dairy industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Dairy Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Dairy industry

Leading Dairy companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Dairy companies.

Dairy Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.

- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.

- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.

- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.

- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Dairy Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Dairy industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Dairy Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Dairy Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Dairy market segments. Similarly, strong market demand encourages Canadian Dairy companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Dairy Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Dairy industry remains the major market for companies in the European Dairy industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Dairy market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Dairy Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Dairy in Asia Pacific. In particular, China, India, and South East Asian Dairy markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Dairy Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Dairy Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Dairy market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Dairy.

Dairy Company Profiles

The global Dairy market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are Almarai Company, Arla Foods Amba, China Mengniu Dairy Company Ltd, Dairy Farmers of America Inc., Danone SA, Fonterra Co-operative Group Limited, Groupe Lactalis, Gujarat Co-operative Milk Marketing Federation Ltd, Inner Mongolia Yili Industrial Group Co. Ltd, Nestlй SA, Saputo Inc., Unilever PLC.

Recent Dairy Market Developments

The global Dairy market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Dairy Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Type

Butter

-Cultured Butter

-Uncultured Butter

Cheese

-Natural Cheese

-Processed Cheese

Cream

-Double Cream

-Single Cream

-Whipping Cream

-Others

Dairy Desserts

-Cheesecakes

-Frozen Desserts

-Ice Cream

-Mousses

-Others

Milk

-Condensed milk

-Flavored Milk

-Fresh Milk

-Powdered Milk

-UHT Milk

-Sour Milk Drinks

Yogurt

-Flavored Yogurt

-Unflavored Yogurt

By Distribution Channel

Off-Trade

-Convenience Stores

-Online Retail

-Specialist Retailers

-Supermarkets/Hypermarkets

-Others

On-Trade

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

Almarai Company

Arla Foods Amba

China Mengniu Dairy Company Ltd

Dairy Farmers of America Inc.

Danone SA

Fonterra Co-operative Group Limited

Groupe Lactalis

Gujarat Co-operative Milk Marketing Federation Ltd

Inner Mongolia Yili Industrial Group Co. Ltd

Nestlй SA

Saputo Inc.

Unilever PLC

Formats Available: Excel, PDF, and PPT
CHAPTER 1: EXECUTIVE SUMMARY

1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
  1.3.1 Country Coverage
  1.3.2 Companies Profiled
  1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
  1.3.4 Units
1.4 Abbreviations

CHAPTER 2. DAIRY MARKET OVERVIEW- 2025

2.1 An Introduction to the Global Dairy Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024

CHAPTER 3. STRATEGIC ANALYSIS REVIEW

3.1 Dairy Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments

CHAPTER 4. IMPACT ANALYSIS AND SCENARIO FORECASTS

4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Dairy Market Outlook to 2032
4.6 Reference Case Scenario: Global Dairy Market Outlook to 2032
4.7 High Growth Case Scenario: Global Dairy Market Outlook to 2032

CHAPTER 5: DAIRY MARKET DYNAMICS

5.1 Key Dairy Market Trends
5.2 Potential Dairy Market Opportunities
5.3 Key Market Challenges

CHAPTER 6: GLOBAL DAIRY MARKET ANALYSIS AND OUTLOOK TO 2032

6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 Type
Butter
-Cultured Butter
-Uncultured Butter
Cheese
-Natural Cheese
-Processed Cheese
Cream
-Double Cream
-Single Cream
-Whipping Cream
-Others
Dairy Desserts
-Cheesecakes
-Frozen Desserts
-Ice Cream
-Mousses
-Others
Milk
-Condensed milk
-Flavored Milk
-Fresh Milk
-Powdered Milk
-UHT Milk
-Sour Milk Drinks
Yogurt
-Flavored Yogurt
-Unflavored Yogurt
Distribution Channel
Off-Trade
-Convenience Stores
-Online Retail
-Specialist Retailers
-Supermarkets/Hypermarkets
-Others
On-Trade
6.3 Global Market Outlook by Region, 2021 to 2032

CHAPTER 7: NORTH AMERICA DAIRY MARKET ANALYSIS AND OUTLOOK TO 2032

7.1 North America Market Outlook by Segments, 2021- 2032
7.2 Type
Butter
-Cultured Butter
-Uncultured Butter
Cheese
-Natural Cheese
-Processed Cheese
Cream
-Double Cream
-Single Cream
-Whipping Cream
-Others
Dairy Desserts
-Cheesecakes
-Frozen Desserts
-Ice Cream
-Mousses
-Others
Milk
-Condensed milk
-Flavored Milk
-Fresh Milk
-Powdered Milk
-UHT Milk
-Sour Milk Drinks
Yogurt
-Flavored Yogurt
-Unflavored Yogurt
Distribution Channel
Off-Trade
-Convenience Stores
-Online Retail
-Specialist Retailers
-Supermarkets/Hypermarkets
-Others
On-Trade
7.3 North America Market Outlook by Country, 2021- 2032
  7.3.1 United States Dairy Market Size Forecast, 2021- 2032
  7.3.2 Canada Dairy Market Size Forecast, 2021- 2032
  7.3.3 Mexico Dairy Market Size Forecast, 2021- 2032

CHAPTER 8: EUROPE DAIRY MARKET ANALYSIS AND OUTLOOK TO 2032

8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 Type
Butter
-Cultured Butter
-Uncultured Butter
Cheese
-Natural Cheese
-Processed Cheese
Cream
-Double Cream
-Single Cream
-Whipping Cream
-Others
Dairy Desserts
-Cheesecakes
-Frozen Desserts
-Ice Cream
-Mousses
-Others
Milk
-Condensed milk
-Flavored Milk
-Fresh Milk
-Powdered Milk
-UHT Milk
-Sour Milk Drinks
Yogurt
-Flavored Yogurt
-Unflavored Yogurt
Distribution Channel
Off-Trade
-Convenience Stores
-Online Retail
-Specialist Retailers
-Supermarkets/Hypermarkets
-Others
On-Trade
8.3 Europe Market Outlook by Country, 2021- 2032
  8.3.1 Germany Dairy Market Size Forecast, 2021- 2032
  8.3.2 France Dairy Market Size Forecast, 2021- 2032
  8.3.3 United Kingdom Dairy Market Size Forecast, 2021- 2032
  8.3.4 Spain Dairy Market Size Forecast, 2021- 2032
  8.3.5 Italy Dairy Market Size Forecast, 2021- 2032
  8.3.6 Russia Dairy Market Size Forecast, 2021- 2032
  8.3.7 Rest of Europe Dairy Market Size Forecast, 2021- 2032

CHAPTER 9: ASIA PACIFIC DAIRY MARKET ANALYSIS AND OUTLOOK TO 2032

9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 Type
Butter
-Cultured Butter
-Uncultured Butter
Cheese
-Natural Cheese
-Processed Cheese
Cream
-Double Cream
-Single Cream
-Whipping Cream
-Others
Dairy Desserts
-Cheesecakes
-Frozen Desserts
-Ice Cream
-Mousses
-Others
Milk
-Condensed milk
-Flavored Milk
-Fresh Milk
-Powdered Milk
-UHT Milk
-Sour Milk Drinks
Yogurt
-Flavored Yogurt
-Unflavored Yogurt
Distribution Channel
Off-Trade
-Convenience Stores
-Online Retail
-Specialist Retailers
-Supermarkets/Hypermarkets
-Others
On-Trade
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
  9.3.1 China Dairy Market Size Forecast, 2021- 2032
  9.3.2 India Dairy Market Size Forecast, 2021- 2032
  9.3.3 Japan Dairy Market Size Forecast, 2021- 2032
  9.3.4 South Korea Dairy Market Size Forecast, 2021- 2032
  9.3.5 Australia Dairy Market Size Forecast, 2021- 2032
  9.3.6 South East Asia Dairy Market Size Forecast, 2021- 2032
  9.3.7 Rest of Asia Pacific Dairy Market Size Forecast, 2021- 2032

CHAPTER 10: SOUTH AMERICA DAIRY MARKET ANALYSIS AND OUTLOOK TO 2032

10.1 South America Market Outlook by Segments, 2021- 2032
10.2 Type
Butter
-Cultured Butter
-Uncultured Butter
Cheese
-Natural Cheese
-Processed Cheese
Cream
-Double Cream
-Single Cream
-Whipping Cream
-Others
Dairy Desserts
-Cheesecakes
-Frozen Desserts
-Ice Cream
-Mousses
-Others
Milk
-Condensed milk
-Flavored Milk
-Fresh Milk
-Powdered Milk
-UHT Milk
-Sour Milk Drinks
Yogurt
-Flavored Yogurt
-Unflavored Yogurt
Distribution Channel
Off-Trade
-Convenience Stores
-Online Retail
-Specialist Retailers
-Supermarkets/Hypermarkets
-Others
On-Trade
10.3 South America Market Outlook by Country, 2021- 2032
  10.3.1 Brazil Dairy Market Size Forecast, 2021- 2032
  10.3.2 Argentina Dairy Market Size Forecast, 2021- 2032
  10.3.3 Rest of South America Dairy Market Size Forecast, 2021- 2032

CHAPTER 11: MIDDLE EAST AND AFRICA DAIRY MARKET ANALYSIS AND OUTLOOK TO 2032

11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 Type
Butter
-Cultured Butter
-Uncultured Butter
Cheese
-Natural Cheese
-Processed Cheese
Cream
-Double Cream
-Single Cream
-Whipping Cream
-Others
Dairy Desserts
-Cheesecakes
-Frozen Desserts
-Ice Cream
-Mousses
-Others
Milk
-Condensed milk
-Flavored Milk
-Fresh Milk
-Powdered Milk
-UHT Milk
-Sour Milk Drinks
Yogurt
-Flavored Yogurt
-Unflavored Yogurt
Distribution Channel
Off-Trade
-Convenience Stores
-Online Retail
-Specialist Retailers
-Supermarkets/Hypermarkets
-Others
On-Trade
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
  11.3.1 Saudi Arabia Dairy Market Size Forecast, 2021- 2032
  11.3.2 The UAE Dairy Market Size Forecast, 2021- 2032
  11.3.3 Rest of Middle East Dairy Market Size Forecast, 2021- 2032
  11.3.4 South Africa Dairy Market Size Forecast, 2021- 2032
  11.3.4 Rest of Africa Dairy Market Size Forecast, 2021- 2032

CHAPTER 12: COMPETITIVE LANDSCAPE

12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 Almarai Company
Arla Foods Amba
China Mengniu Dairy Company Ltd
Dairy Farmers of America Inc.
Danone SA
Fonterra Co-operative Group Limited
Groupe Lactalis
Gujarat Co-operative Milk Marketing Federation Ltd
Inner Mongolia Yili Industrial Group Co. Ltd
Nestlй SA
Saputo Inc.
Unilever PLC

CHAPTER 13: SOURCES AND RESEARCH METHODOLOGY

13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the Q4-2024 Version
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information

LIST OF FIGURES

Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Dairy Market Outlook by Type, 2021- 2032
Figure 6: Global Dairy Market Outlook by Application, 2021- 2032
Figure 7: Global Dairy Market Outlook by Region, 2021- 2032
Figure 8: North America Dairy Market Snapshot, Q4-2024
Figure 9: North America Dairy Market Size Forecast by Type, 2021- 2032
Figure 10: North America Dairy Market Size Forecast by Application, 2021- 2032
Figure 11: North America Dairy Market Share by Country, 2023
Figure 12: Europe Dairy Market Snapshot, Q4-2024
Figure 13: Europe Dairy Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Dairy Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Dairy Market Share by Country, 2023
Figure 16: Asia Pacific Dairy Market Snapshot, Q4-2024
Figure 17: Asia Pacific Dairy Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Dairy Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Dairy Market Share by Country, 2023
Figure 20: South America Dairy Market Snapshot, Q4-2024
Figure 21: South America Dairy Market Size Forecast by Type, 2021- 2032
Figure 22: South America Dairy Market Size Forecast by Application, 2021- 2032
Figure 23: South America Dairy Market Share by Country, 2023
Figure 24: Middle East and Africa Dairy Market Snapshot, Q4-2024
Figure 25: Middle East and Africa Dairy Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Dairy Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Dairy Market Share by Country, 2023
Figure 28: United States Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Dairy Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology

LIST OF TABLES

Table 1: Market Scope and Segmentation
Table 2: Global Dairy Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Dairy Market Size Outlook by Segments, 2021- 2032
Table 7: Global Dairy Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Dairy Market Outlook by Type, 2021- 2032
Table 10: North America- Dairy Market Outlook by Country, 2021- 2032
Table 11: Europe - Dairy Market Outlook by Type, 2021- 2032
Table 12: Europe - Dairy Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Dairy Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Dairy Market Outlook by Country, 2021- 2032
Table 15: South America- Dairy Market Outlook by Type, 2021- 2032
Table 16: South America- Dairy Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Dairy Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Dairy Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Dairy Companies
Table 20: Product Profiles of Leading Dairy Companies
Table 21: SWOT Profiles of Leading Dairy Companies


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