Dairy Market Research Report By Distribution Channel (Specialty Retailers, Hypermarkets/Supermarkets, Convenient Stores, Online Channels, Others),Product Type (Fluid Milk, Flavoured Milk, Drinkable Yogurt, Cheese, Ice-Cream, UHT Milk, Milk Powder, Others), and by Region- Global Forecast to 2034
June-2025 Formats | PDF | Category: Food and Beverages | Delivery: 24 to 72 Hours
“The Dairy Market industry is expected to expand from 20,457 Billion in 2025 to $ 63,456 Billion in 2034, with a compound annual growth rate of 12.45% “
Dairy Market: Overview and Growth in the Upcoming Year
The dairy market is a significant sector of the global food industry, offering a wide variety of products to accommodate various consumer preferences and dietary needs. From traditional cow’s milk to alternatives like almond and soy milk, there is something in the market for everyone. Due to consumer demand for healthier and more sustainable options, plant-based dairy substitutes have grown in popularity in recent years.
Even though plant-based alternatives are becoming more and more popular, traditional dairy products still dominate the market due to their versatility and nutritional value. In the upcoming year, we can expect the dairy industry to keep putting an emphasis on product development and innovation. Manufacturers will most likely introduce new flavours, packaging options, and marketing strategies in an effort to reach a wider consumer base.
Numerous factors, including e-commerce, population growth, and rising awareness of the health benefits of dairy products, are contributing to the expansion of the dairy product market. As consumers grow more health conscious, they are seeking products that are high in protein, calcium, and other essential nutrients. As a result, dairy companies are investing in R&D to create new products that meet these demands.
Although there are many opportunities for growth in the dairy sector, there are also challenges, such as changing consumer preferences, environmental concerns, and supply chain disruptions. For instance, worries about sustainability and animal welfare have caused some consumers to switch to plant-based substitutes. However, this shift has also allowed dairy producers to be more innovative and create new and improved products.
In the upcoming year, the dairy market is anticipated to keep growing and developing. As consumers continue to place a greater value on sustainability and health, dairy producers will need to adapt to these changing consumer preferences by offering premium products that meet these needs. Furthermore, advancements in technology and marketing strategies will have a significant impact on the dairy market’s future.
For Insights Consultancy’s latest market intelligence study, “Global Dairy Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Food industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 110+ is available for purchase to all the interested stakeholders.
Dairy Market Key Takeaways
Regional Contribution to Market in 2024:
In 2024, the dairy market grew considerably across several regions. Europe was the region with the largest market share, followed by Asia Pacific and North America. Each region played a vital role in driving the overall expansion of the dairy market.
Fastest Growing Region and Leading Region:
While Europe remained at the top of the dairy market, Asia Pacific was the region with the fastest rate of growth in 2024. The rising demand for dairy products in countries like China and India has made Asia Pacific a significant player in the global dairy industry.
Market Breakdown by Type:
Dairy products include things like yoghurt, cheese, butter, and milk. Of these, milk continued to be the most popular in 2024, followed by cheese and yoghurt in second and third place, respectively. Each variety has unique characteristics and consumer preferences that affect the overall market dynamics.
Fastest Growing Sub-Segment:
In 2024, the dairy market’s yoghurt subsegment expanded at the fastest rate. The growth of this subsegment was driven by yogurt’s increasing popularity as a nutritious and probiotic-rich snack choice. The market demand for yoghurt was further boosted by consumers’ increasing interest in wellness and health products.
Key Applications (2024 Market Share):
In 2024, dairy products were primarily used in food and beverage, bakery and confectionery, and dairy processing. Food and beverages were the most popular application, with the largest market share, followed by bakeries and confections. These applications showed a high demand for dairy ingredients, opening up opportunities for market expansion.
Fastest Growing Application (Forecast Period 2025 to2034)
During the 2025–2034 forecast period, the bakery and confectionery application is expected to grow at the fastest rate. The increasing use of dairy ingredients in baked goods and confections is expected to propel the growth of this application. Customers’ desire for rich and creative food products will drive the demand for dairy ingredients in the bakery and confectionery sectors.
Report Attributes
Top Companies Covered In This Report:
The Dairy Market’s competitive environment provides a thorough examination of the major participants. Company summaries, financial results, revenue generation, market potential, R&D expenditures, new market strategies, regional presence, strengths and weaknesses, product launches, product range, and application leadership are some of the data it contains. These statistics particularly relate to the businesses’ operations and areas of concentration in the Dairy market.
- Hatsun Agro Product Limited
- Nestle India Limited
- Tirumala Milk Products Pvt Ltd.
- Milk Food Limited
- Heritage Foods India Limited
- VRS Foods Limited
- Bhole Baba Dairy Industries Ltd.
- Kwality Ltd.
- Sterling Agro Industries Limited
- Parag Milk Foods Limited
- SMC Foods Limited
Industry News
Feb 11 2025 Hatsun Agro Product further invests Rs 10 lakh in Milk Mantra Dairy
Hatsun Agro Product (HAP) has further completed the acquisition of 2418 equity shares of Rs. 10 each of Milk Mantra Dairy (Target Company) from a shareholder of the Target Company by discharging the Gross Purchase Consideration of Rs. 10 lakh to the concerned shareholder of the Target Company, in the manner as specified in the SPA.
Jun 20, 2025 Nestle India shares rise 2% as board to consider bonus issue on June 26
Shares of FMCG major Nestle India climbed as much as 1.6% on Friday to Rs 2,356.80 after the company announced that its board will meet on June 26, 2025, to consider and approve a proposal for issuing bonus shares. In light of this, the trading window for dealing in the company’s securities will remain closed from June 19 to June 28.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment ByProduct Type
- Fluid Milk
- Flavoured Milk
- Drinkable Yogurt
- Cheese
- Ice-Cream
- UHT Milk
- Milk Powder
- Others
Segment by Distribution Channel
- Specialty Retailers
- Hypermarkets/Supermarkets
- Convenient Stores
- Online Channels
- Others
Regional Deep-dive Analysis:
The report provides in-depth qualitative and quantitative data on the Dairy Market for all of the regions and countries listed below:
North America
United States
The United States is one of the largest producers of dairy products in the world, with states like California, Wisconsin, and New York setting the standard for milk production. In the country, dairy products like milk, cheese, butter, and yoghurt are widely accessible.
One of the main trends in the US dairy market is the growing demand for organic and plant-based dairy alternatives. As consumers become more concerned about their health and the environment, these dairy-free options are growing in popularity.
Canada
In Canada, dairy farming is a significant industry, especially in Ontario and Quebec. The country’s supply management system controls dairy production, ensuring farmers receive stable prices.
One of the challenges facing the Canadian dairy industry is the increasing competition from imported dairy products. Trade agreements such as the USMCA force dairy farmers in Canada to adapt to a more open market.
All things considered, the dairy market in North America is evolving to adapt to changing consumer preferences. Despite the rise of plant-based alternatives and the challenges of global competition, the region continues to play a significant role in the global dairy industry.
Asia-Pacific
China
China is now one of the largest markets for dairy products in the Asia-Pacific area due to its massive population and growing disposable income. High-end and value-added dairy products are becoming more popular across the country as nutrition and health become more important. Yili Group, Mengniu Dairy, and Bright Dairy are significant players in the Chinese market. Despite challenges like legal restrictions and concerns about food safety, the Chinese dairy market is still growing steadily.
Japan
Japan’s ageing population and changing dietary habits present unique opportunities and challenges for the dairy industry. The dairy industry in the country is well-established and concentrates on creating high-quality, innovative products.
India
Another significant player in the dairy market is India, which is well-known for its robust dairy industry and broad range of products. India’s large dairy farmer population and strong milk consumption culture offer tremendous growth potential for both domestic and international dairy companies. Amul, Mother Dairy, and Nestle are some of the leading companies in the Indian market, catering to a wide range of consumer preferences. Despite challenges like ineffective supply chains and issues with quality control, the Indian dairy market is still robust and expanding.
Europe
Germany
Germany is known for its high-quality dairy products and has a long history of producing milk and cheese. The country is home to several well-known dairy companies, such as Müller and Arla, that have a substantial presence in both domestic and international markets. German consumers, who view milk, cheese, and yoghurt as vital parts of their diet, have a strong desire for dairy products.
France
Another major player in the European dairy market is France, which is well-known for its extensive selection of cheeses and dairy products. The country produces well-known cheeses that are exported all over the world, such as Camembert, Brie, and Roquefort. Because French consumers have a strong preference for artisanal and organic dairy products, the number of small-scale dairy producers in the region is increasing.
Netherland
One of the largest exporters of dairy products worldwide, the Netherlands is renowned for its high-quality milk and dairy products. The dairy industry in the country is well-established and places a high value on innovation and sustainability. Dutch dairy producers, like FrieslandCampina and Royal A-ware, are well known for their commitment to animal welfare and environmental stewardship. The Netherlands is a significant cheese producer, and gouda is one of the most famous cheeses exported globally.
Middle East and Africa
Saudi Arabia
In Saudi Arabia, for example, government efforts to promote dairy production self-sufficiency have led to an increase in local dairy farming. The country’s thriving retail sector and growing expat population have further boosted demand for a range of dairy products, from milk and yoghurt to cheese and butter.
Africa
Africa presents a variety of challenges and opportunities for the dairy industry. Many African nations have yet to realise their full potential, despite the fact that the dairy industries in South Africa, Nigeria, and Kenya are well-established. Lack of skilled labour, inadequate infrastructure, and limited access to technology are the main problems facing the region’s dairy farmers and processors.
The research provides answers to the following key questions:
- What is the expected growth rate of the Dairy Market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Dairy Market?
- What are the prominent market trends influencing the market’s development?
Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Dairy Market business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things
1) On request more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
Any Requirement Contact us: https://www.forinsightsconsultancy.com/contact-us/
Table of Contents
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