At what pace is the dairy food market growing, and what is its estimated value?
The dairy food market size has grown strongly in recent years. It will grow from $859.63 billion in 2024 to $917 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to global population growth, a rise in disposable income, growing number of health-conscious consumers, and low interest rate environment.
The dairy food market size is expected to see strong growth in the next few years. It will grow to $1186.38 billion in 2029 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the COVID-19 pandemic, rising population, rising penetration of organized retail, improvement in cold chains, increased dietary consciousness and increasing product launches. Major trends in the forecast period include internet of things (IoT) technology, increasing dairy food companies’ collaboration with e-commerce companies, increasing demand for clean label products, robotics and automation in dairy industry, partnerships and acquisition for brand expansions.
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What are the top drivers to the rising demand in the dairy food market?
The increasing demand for local, sustainable, and organic food production is expected to positively impact the dairy food market during the forecast period. Organic food production, including organic dairy products, places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers are now becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables), as the rate of production is far lower than the consumer demand for organic produce. For instance, in 2023, according to the Organic Trade Association, a US-based association in 2022, sales of organic food in the United States surpassed $60 billion for the first time, achieving a new high for the robust organic sector. Overall organic sales, which encompass organic non-food items, hit a record $67.6 billion, as reported in 2023.
How is the dairy food market segmented?
The dairy food market covered in this report is segmented –
1) By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert
2) By Source: Cattle, Sheep, Goat, Camel
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, E-Commerce, Others
Subsegments:
1) By Milk and Butter: Whole Milk, Skim Milk, Low-Fat Milk, Butter (Salted and Unsalted), Ghee, Cream (Heavy Cream, Whipping Cream)
2) By Cheese: Cheddar Cheese, Mozzarella Cheese, Cream Cheese, Blue Cheese, Feta Cheese, Processed Cheese, Cheese Spreads
3) By Dry, Condensed, and Evaporated Dairy Products: Dry Milk Powder (Skim and Whole), Condensed Milk, Evaporated Milk, Cream Powder, Instant Milk Products
4) By Ice Cream and Frozen Dessert: Regular Ice Cream, Low-Fat Ice Cream, Non-Dairy Ice Cream, Gelato, Sorbet, Frozen Yogurt
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Who are the top competitors in the dairy food market?
Major companies operating in the dairy food market include Groupe Lactalis S.A., Danone S.A., Fonterra Co-operative Group Limited, Inner Mongolia Yili Industrial Group Co., Ltd., Nestle S.A., Saputo Inc, Arla Foods amba, Dairy Farmers of America, Amul, Pacific Dairy, China Mengniu Dairy Company Limited, Milk Powder Co.Ltd, China Shengmu Organic Milk Limited, Mother Dairy, Kwality Limited, Dynamix Dairy, AAVIN, MILMA, Dudhsagar Dairy, Bates Dairy, Müller UK & Ireland, Dairy Crest, Meadow Foods, Dale Farm, Yeo Valley, Glanbia Cheese, Lactalis International, Kompaniya Pavlov, Olam, Rusmolco, CLAL, Siemens Dairy industry, Gabrovo Milk Ltd., JOSSI Ltd., Kondov Ecoproductia, Sofia, Agropur Cooperative, Schreiber Foods, Kraft Heinz Co., ConAgra Brands, Prairie Farms Dairy Inc., California Dairies Inc., Italac, Piracanjuba, La Serenísima, Colun, Ilolay, Earth’s Own Food Company, Eden Foods, Inc, Nada Dairy, Nadec, Saudia Dairy and Foodstuff Company, Ornua, Danya Foods Ltd, Al Amoudi Group, Almarai, Freisland, Pinar Dairy Food Co, Tara Dairy, Bandini Cheese (Pty) Ltd., Clover SA (Pty) Ltd., Coega Dairy (Pty) Ltd., Douglasdale Dairy (Pty) Ltd., Dewfresh (Pty) Ltd.
What significant trends should we anticipate in the dairy food market over the forecast period?
The Internet of Things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.
Which regional trends are influencing the dairy food market, and which area dominates the industry?
The countries covered in the dairy food market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Does The Dairy Food Market Report 2025 Offer?
The dairy food market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Dairy food refers to products made from the milk of mammals, such as cows, goats, and sheep. It is used to provide essential nutrients like calcium, protein, and vitamins, contributing to a balanced diet. Common dairy foods include milk, cheese, yogurt, and butter, which are enjoyed in various cuisines worldwide.
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