The dairy industry is the agricultural sector that is involved in the processing, manufacture, and distribution of milk-derived dairy products. This business, which can range in size from tiny local dairy farms to major international corporations, plays a critical role in meeting the demand for these goods.
The dairy sector also includes factors such as milk safety, quality, and laws to guarantee that dairy products are safe to consume. In addition, this industry encompasses various activities, including the raising and managing of dairy cattle or other milk-producing animals, the collection and processing of milk, and the manufacturing of products such as milk, cheese, butter, yogurt, ice cream, and more. Milk exists as a fresh product (as milk or by-products of milk), in powdered forms, and as a synthesized set of proteins and fats in industrial foodstuffs. The United Nations Food and Agriculture Organization estimates that over 80% of the world’s population consumes dairy products on a regular basis.
The dairy industry is undergoing a transformative phase driven by shifting consumer preferences. Key players in this dynamic landscape are responding to evolving trends that emphasize health, transparency, and functionality. One notable trend is the increasing demand for "clean label" products, where consumers seek dairy items with minimal additives, preservatives, and natural ingredients.
Major industry players like Nestlé, with its commitment to clean label products, have introduced options that cater to this demand, aligning with consumer expectations. Another noteworthy trend is the rise of "functional food." Leading dairy companies such as Danone have been at the forefront, developing products enriched with probiotics, prebiotics, and other health-promoting ingredients to meet the growing interest in food that offer specific health benefits. This innovation not only addresses consumer desires for improved well-being but also reinforces the industry's competitive edge.
Furthermore, as protein consumption continues to increase, dairy giants such as Fonterra have expanded their portfolios to include protein-rich dairy products, capitalizing on the protein trend and offering consumers alternatives to traditional protein sources. In this evolving landscape, dairy industry leaders are navigating change by aligning with consumer expectations, emphasizing health and functionality, and driving innovation to meet the demands of the modern consumer.
Plant milk is recommended by various dietary guidelines to promote a healthy, balanced diet for good nutrition & wellbeing. Thus, due to suitable pH, nutritional characteristics and rising issues associated with cow milk such as cow milk allergy, lactose intolerance, calorie concerns, the incidence of hypercholesterolemia, nowadays the consumer preference has been toward plant based dairy products.
Meanwhile, issues such as sustainability and health concerns related to animal fat intake, plant-based alternatives to dairy milk are gaining popularity. Health is the major reason driving consumers to drop dairy with at least 40% of global consumers stating “digestive health” or “feel healthier” as reasons for going dairy free.
The dairy market is segmented into type, end-user, distribution channel, and region. By type, the market is categorized into milk, cheese, yogurt, butter, cream and others. By end user, it is fragmented into commercial and residential. By distribution channel, the market is categorized into hypermarkets/supermarkets, specialty stores, B2B and E-commerce. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key players included in the dairy market analysis are Dairy Farmers of America, Inc., Nestle S.A., Arla Foods amba, Danone S.A., Lactalis Group, Gujarat Cooperative Milk Marketing Federation Ltd., Britannia Industries Limited, Inner Mongolia Yili Industrial Group Co., Ltd., Fonterra Co-operative Group Limited, China Mengniu Dairy Company Limited, Arla Foods amba and Saputo Inc.
The dairy sector also includes factors such as milk safety, quality, and laws to guarantee that dairy products are safe to consume. In addition, this industry encompasses various activities, including the raising and managing of dairy cattle or other milk-producing animals, the collection and processing of milk, and the manufacturing of products such as milk, cheese, butter, yogurt, ice cream, and more. Milk exists as a fresh product (as milk or by-products of milk), in powdered forms, and as a synthesized set of proteins and fats in industrial foodstuffs. The United Nations Food and Agriculture Organization estimates that over 80% of the world’s population consumes dairy products on a regular basis.
The dairy industry is undergoing a transformative phase driven by shifting consumer preferences. Key players in this dynamic landscape are responding to evolving trends that emphasize health, transparency, and functionality. One notable trend is the increasing demand for "clean label" products, where consumers seek dairy items with minimal additives, preservatives, and natural ingredients.
Major industry players like Nestlé, with its commitment to clean label products, have introduced options that cater to this demand, aligning with consumer expectations. Another noteworthy trend is the rise of "functional food." Leading dairy companies such as Danone have been at the forefront, developing products enriched with probiotics, prebiotics, and other health-promoting ingredients to meet the growing interest in food that offer specific health benefits. This innovation not only addresses consumer desires for improved well-being but also reinforces the industry's competitive edge.
Furthermore, as protein consumption continues to increase, dairy giants such as Fonterra have expanded their portfolios to include protein-rich dairy products, capitalizing on the protein trend and offering consumers alternatives to traditional protein sources. In this evolving landscape, dairy industry leaders are navigating change by aligning with consumer expectations, emphasizing health and functionality, and driving innovation to meet the demands of the modern consumer.
Plant milk is recommended by various dietary guidelines to promote a healthy, balanced diet for good nutrition & wellbeing. Thus, due to suitable pH, nutritional characteristics and rising issues associated with cow milk such as cow milk allergy, lactose intolerance, calorie concerns, the incidence of hypercholesterolemia, nowadays the consumer preference has been toward plant based dairy products.
Meanwhile, issues such as sustainability and health concerns related to animal fat intake, plant-based alternatives to dairy milk are gaining popularity. Health is the major reason driving consumers to drop dairy with at least 40% of global consumers stating “digestive health” or “feel healthier” as reasons for going dairy free.
The dairy market is segmented into type, end-user, distribution channel, and region. By type, the market is categorized into milk, cheese, yogurt, butter, cream and others. By end user, it is fragmented into commercial and residential. By distribution channel, the market is categorized into hypermarkets/supermarkets, specialty stores, B2B and E-commerce. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key players included in the dairy market analysis are Dairy Farmers of America, Inc., Nestle S.A., Arla Foods amba, Danone S.A., Lactalis Group, Gujarat Cooperative Milk Marketing Federation Ltd., Britannia Industries Limited, Inner Mongolia Yili Industrial Group Co., Ltd., Fonterra Co-operative Group Limited, China Mengniu Dairy Company Limited, Arla Foods amba and Saputo Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the dairy market analysis from 2022 to 2032 to identify the prevailing dairy market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the dairy market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global dairy market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Milk
- Cheese
- Yogurt
- Butter
- Cream
- Others
By End User
- Commercial
- Residential
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- B2B
- E-Commerce
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- Rest of LAMEA
- Key Market Players
- Nestle S.A.
- Danone S.A.
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Inner Mongolia Yili Industrial Group Co., Ltd.
- Fonterra Co-operative Group Limited
- Dairy Farmers of America, Inc.
- Lactalis Group
- Britannia Industries Limited
- China Mengniu Dairy Company Limited
- Saputo Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: DAIRY MARKET, BY TYPE
CHAPTER 5: DAIRY MARKET, BY END USER
CHAPTER 6: DAIRY MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: DAIRY MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the dairy market was valued at $883.20 billion in 2022, and is estimated to reach $1.46 trillion by 2032, growing at a CAGR of 5.1% from 2023 to 2032.The dairy industry refers to the sector of the agricultural and food production industry that is involved in the processing and distribution of dairy products derived from milk. It encompasses a wide range of activities related to the production, collection, processing, and distribution of dairy products, including milk, cheese, yogurt, butter, ice cream, and more.
Key components of the dairy industry include dairy farms, where cows, goats, or other milk-producing animals are raised and milked; dairy processing plants, where raw milk is transformed into various dairy products through processes like pasteurization, homogenization, and fermentation; and dairy distribution and retail, where these products are made available to consumers through various channels such as grocery stores, supermarkets, and restaurants.
Convenient Packaging and Portions have revolutionized the dairy market, catering to the fast-paced lifestyles of consumers while reducing food waste. This innovation can be seen prominently with key players like Nestlé and Danone. Nestlé's single-serve yogurt cups, adorned with easy-to-peel lids, offer portion control and on-the-go consumption, making them a staple in modern households. Meanwhile, Danone's introduction of resealable milk pouches promotes freshness and minimizes wastage. The dairy industry's response to consumer demand for convenience is not limited to yogurt and milk alone; cheese companies like Kraft Heinz have also jumped on the bandwagon with their pre-sliced and individually wrapped cheese portions. Such packaging solutions not only enhance ease of use but also extend product shelf life. With the convenience trend showing no signs of slowing down, these industry giants continue to lead the way in shaping the dairy market's future, meeting consumer needs for both practicality and sustainability.
However, availability of alternatives hampers the market growth of dairy industry. The dairy market faces an increasing challenge with the availability of dairy alternatives, which are gaining traction among consumers seeking healthier, sustainable, or lactose-free options. This shift in consumer preference is evident through the rise of key players in the dairy alternative industry. One notable player is Oatly, known for its oat-based milk products. With a commitment to sustainability and plant-based nutrition, Oatly has carved out a substantial market share. Another influential player is Beyond Meat, primarily known for its plant-based meat alternatives, but it has recently entered the dairy alternative sector with products like Beyond Milk. Meanwhile, traditional dairy giants like Danone have responded by investing in or acquiring dairy alternative brands like Silk and So Delicious. This intensifying competition highlights the growing demand for non-dairy products, exerting restraint on the conventional dairy market as it navigates the challenge of maintaining its share in an increasingly diversified and competitive landscape. To remain competitive, dairy companies must innovate, diversify their product offerings, and adapt to changing consumer preferences.
The dairy market is ripe for disruption through E-commerce Dairy, offering a transformative opportunity for both consumers and producers. With the global shift towards online shopping and convenience, E-commerce Dairy presents a seamless way for consumers to access fresh dairy products from the comfort of their homes. Key players in this burgeoning industry include traditional dairy producers such as Nestlé and Danone, who are expanding their online presence to meet the evolving consumer demands. Additionally, startups like MilkRun and FreshDirect have emerged as pioneers in the direct-to-consumer dairy model, connecting consumers with local farmers and artisanal producers. These platforms enable customers to browse a wide variety of dairy products, from milk and cheese to yogurt and butter, and have them delivered to their doorstep, ensuring freshness and reducing food waste. E-commerce Dairy not only benefits consumers with convenience but also empowers small-scale dairy producers by providing them with a broader market reach, ultimately fostering a sustainable and dynamic dairy industry for the future.
The dairy market is segmented into type, end-user, distribution channel, and region. By type, the market is categorized into milk, cheese, yogurt, butter, cream, and others. By end user, it is fragmented into commercial and residential. By distribution channel, the market is categorized into hypermarkets/supermarkets, specialty stores, B2B, and E-commerce. Region-wise, the market is analyzed across North America (U.S., Canada, Mexico), Europe(UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific) and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, and Rest of LAMEA).
Key players included in the dairy market analysis are Dairy Farmers of America, Inc., Nestle S.A., Arla Foods amba, Danone S.A., Lactalis Group, Gujarat Cooperative Milk Marketing Federation Ltd., Britannia Industries Limited, Inner Mongolia Yili Industrial Group Co., Ltd., Fonterra Co-operative Group Limited, China Mengniu Dairy Company Limited, Arla Foods amba and Saputo Inc.
Key Market Findings
On the basis of type, the milk segment dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.On the basis of end user, the residential segment dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.
On the basis of distribution channel, the business-to-business segment dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.
On the basis of region, Asia-Pacific region dominated the global market in the year 2022 and is likely to remain dominant during the forecast period.
Companies Mentioned
- Nestle S.A.
- Danone S.A.
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Inner Mongolia Yili Industrial Group Co., Ltd.
- Fonterra Co-operative Group Limited
- Dairy Farmers of America, Inc.
- Lactalis Group
- Britannia Industries Limited
- China Mengniu Dairy Company Limited
- Saputo Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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