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Latin America Dairy Market Report and Forecast 2025-2034

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    Report

  • 132 Pages
  • August 2025
  • Region: Latin America
  • Expert Market Research
  • ID: 5926182
The Latin America dairy market was valued at USD 54.30 Billion in 2024. The industry is expected to grow at a CAGR of 4.50% during the forecast period of 2025-2034 to attain a valuation of USD 84.33 Billion by 2034.

The dairy market in Latin America is witnessing a growing milk production. In 2018, South America milk production rose by a slight 1.1% from 2017, to reach 64 million tonnes. The milk production is expected to continue growing in countries like Argentina, Colombia, Chile and Uruguay. However, the milk output in Brazil, a major player in the region, is expected to decline due to truckers’ strike in May which disrupted feed delivery and milk collection. In 2018, the milk output in Brazil was 34.9 million tonnes, a drop of 1.1% from 2017. This decline in Brazil might affect the dairy market in the region.

Latin America Dairy Market Segmentation

Dairy and its products make an essential part of the daily balanced diet. Dairy products contain important nutrients like vitamin A, vitamin D, calcium, protein, potassium and others. They are a rich source of calcium with cheese being especially rich in proteins. They are finding uses in the food and beverage, infant nutrition and sports nutrition sectors, among others.

Market Breakup by Product

  • Fluid/UHT/Flavoured Milk
  • Cream
  • Butter
  • Anhydrous Milk Fat (AMF)
  • Skimmed Milk Powder /Non-fat Dry Milk
  • Whole Milk Powder
  • Whey Protein (Powder and Concentrate)
  • Lactose
  • Casein
  • Cheese
  • Yoghurt
  • Ice-cream
  • Probiotic Dairy Products

Market Breakup by Structure

  • Co-Operative Dairies
  • Private Dairies

Market Breakup by Region

  • Brazil
  • Argentina
  • Colombia

Market Analysis

The Latin America dairy market is driven by the rapidly growing urbanisation and the rise of the emerging markets. With an increasing health consciousness among the consumers, there has been a growing demand for dairy nutrition, which are low in calorie and are lactose-free. The increasingly busy schedules of the consumers are also leading to a rising demand for convenient and on-the-go products like yoghurt. With the expansion of dairy distribution channels like convenience stores and supermarkets, the markets for packaged milk and single serve drinking yoghurt bottles are expected to grow in the coming years in the region.

Cheese is one of the leading products in the Latin America region along with milk and yoghurt. The cheese trade in South America saw a growth of 5.7% in 2018, as compared to the previous year. The export of dairy products from Uruguay and Argentina is expected to expand in the coming years. Despite the drought conditions experienced by Argentina in early 2018, the country witnessed a 7% growth in its dairy exports from 2017 to reach 10.8 million tons in 2018. The reducing cow herd size since 2012 in the country is being offset by the higher milk yields per cow.

Brazil is a leading market in the region and any changes in the market affects the Latin America dairy market as a whole. In Brazil, there has been a rising demand for traditional dairy products like requeijão cheese, driving the demand for processed cheese. Milk is a major product consumed in the region as a daily staple food across income groups. However, due to the feed supply shortage caused by the truckers’ s strike, milk yields in the country will take time to recover. The growth of the cheese market in the country will also be affected due to the reduced milk output.

Price Analysis

In 2017, the average price of dairy export rose by 31% as compared to 2016. This was due to the rise in export prices between May to September 2017 owing to a tightened supply from major producing countries in Europe and South America along with an increase in the demand for dairy products in Asia. The dairy prices, however, started to decrease in the last quarter of 2017 with an increase in supplies from leading producing nations.

The report analyses the regional price trends in the Latin America dairy market.

Competitive Landscape

The report presents a detailed analysis of the following key players in the Latin America dairy market, covering their market share, capacities, and latest turn of events such as capacity expansions, plant turnarounds, and mergers and acquisitions:
  • SanCor United Cooperatives Limited
  • Mastellone Hermanos SA
  • Nestle S.A.
  • Lactalis Group
  • Alpina SA
  • Lacteos Betania SA
The comprehensive report gives an in-depth insight into Latin America dairy market providing an analysis of the value chain, price trends, and manufacturing processes. It also offers Porter’s five forces analysis.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Latin America
7 Opportunities and Challenges in the Market
8 Global Dairy Market Overview
8.1 Key Industry Highlights
8.2 Global Dairy Historical Market (2018-2024)
8.3 Global Dairy Market Forecast (2025-2034)
8.4 Global Dairy Market by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia-Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Dairy Market Analysis
9.1 Latin America Milk Cow Population
9.2 Latin America Raw Milk Market
9.2.1 Latin America Raw Milk Historical Market (2018-2024)
9.2.2 Latin America Raw Milk Market Forecast (2025-2034)
9.2.3 Breakup by Country
9.2.3.1 Brazil
9.2.3.2 Argentina
9.2.3.3 Colombia
9.3 Latin America Milk Market
9.3.1 Breakup by Country
9.3.1.1 Brazil
9.3.1.2 Argentina
9.3.1.3 Colombia
9.4 Latin America Dairy Historical Market (2018-2024)
9.5 Latin America Dairy Market Forecast (2025-2034)
9.6 Latin America Dairy Market by Product
9.6.1 Fluid/UHT/Flavoured Milk
9.6.1.1 Historical Trend (2018-2024)
9.6.1.2 Forecast Trend (2025-2034)
9.6.2 Cream
9.6.2.1 Historical Trend (2018-2024)
9.6.2.2 Forecast Trend (2025-2034)
9.6.3 Butter
9.6.3.1 Historical Trend (2018-2024)
9.6.3.2 Forecast Trend (2025-2034)
9.6.4 Anhydrous Milk Fat (AMF)
9.6.4.1 Historical Trend (2018-2024)
9.6.4.2 Forecast Trend (2025-2034)
9.6.5 Skimmed Milk Powder/Non-Fat Dry Milk
9.6.5.1 Historical Trend (2018-2024)
9.6.5.2 Forecast Trend (2025-2034)
9.6.6 Whole Milk Powder
9.6.6.1 Historical Trend (2018-2024)
9.6.6.2 Forecast Trend (2025-2034)
9.6.7 Whey Protein (Powder and Concentrate)
9.6.7.1 Historical Trend (2018-2024)
9.6.7.2 Forecast Trend (2025-2034)
9.6.8 Lactose
9.6.8.1 Historical Trend (2018-2024)
9.6.8.2 Forecast Trend (2025-2034)
9.6.9 Casein
9.6.9.1 Historical Trend (2018-2024)
9.6.9.2 Forecast Trend (2025-2034)
9.6.10 Cheese
9.6.10.1 Historical Trend (2018-2024)
9.6.10.2 Forecast Trend (2025-2034)
9.6.11 Yoghurt
9.6.11.1 Historical Trend (2018-2024)
9.6.11.2 Forecast Trend (2025-2034)
9.6.12 Ice-Cream
9.6.12.1 Historical Trend (2018-2024)
9.6.12.2 Forecast Trend (2025-2034)
9.6.13 Probiotic Dairy Products
9.6.13.1 Historical Trend (2018-2024)
9.6.13.2 Forecast Trend (2025-2034)
9.7 Latin America Dairy Market by Structure
9.7.1 Co-Operative Dairies
9.7.1.1 Historical Trend (2018-2024)
9.7.1.2 Forecast Trend (2025-2034)
9.7.2 Private Dairies
9.7.2.1 Historical Trend (2018-2024)
9.7.2.2 Forecast Trend (2025-2034)
9.8 Latin America Dairy Market by Region
9.8.1 Brazil
9.8.2 Argentina
9.8.3 Colombia
10 Regional Analysis
10.1 Brazil
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Argentina
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Colombia
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code: 4)
13.1 Major Exporting Countries
13.1.1 By Value
13.1.2 By Volume
13.2 Major Importing Countries
13.2.1 By Value
13.2.2 By Volume
14 Price Analysis
15 Competitive Landscape
15.1 Supplier Selection
15.2 Key Global Players
15.3 Key Regional Players
15.4 Key Player Strategies
15.5 Company Profiles
15.5.1 Nestlé S.A.
15.5.1.1 Company Overview
15.5.1.2 Product Portfolio
15.5.1.3 Demographic Reach and Achievements
15.5.1.4 Certifications
15.5.2 SanCor United Cooperatives Limited
15.5.2.1 Company Overview
15.5.2.2 Product Portfolio
15.5.2.3 Demographic Reach and Achievements
15.5.2.4 Certifications
15.5.3 LACTEOS BETANIA SA
15.5.3.1 Company Overview
15.5.3.2 Product Portfolio
15.5.3.3 Demographic Reach and Achievements
15.5.3.4 Certifications
15.5.4 Lactalis Group
15.5.4.1 Company Overview
15.5.4.2 Product Portfolio
15.5.4.3 Demographic Reach and Achievements
15.5.4.4 Certifications
15.5.5 Alpina SA
15.5.5.1 Company Overview
15.5.5.2 Product Portfolio
15.5.5.3 Demographic Reach and Achievements
15.5.5.4 Certifications
15.5.6 Mastellone Hnos SA
15.5.6.1 Company Overview
15.5.6.2 Product Portfolio
15.5.6.3 Demographic Reach and Achievements
15.5.6.4 Certifications
15.5.7 Others

Companies Mentioned

The key companies featured in this Latin America Dairy market report include:
  • Nestlé S.A.
  • SanCor United Cooperatives Limited
  • LACTEOS BETANIA SA
  • Lactalis Group
  • Alpina SA
  • Mastellone Hnos SA

Table Information