Milk and Dairy Products Market Size, Share & Report [2033]

MILK AND DAIRY PRODUCTS MARKET OVERVIEW

The global milk and dairy products market size was valued approximately USD 725 million in 2024 and will touch USD 1157.92 million by 2033, growing at a compound annual growth rate (CAGR) of 5.34% from 2025 to 2033.

Milk and milk products are the white "babies" we usually squeeze out from cows and sheep, and all kinds of delicious foods made of these "babies", such as sweet milk, fragrant cheese, smooth butter, sour yogurt, ice cream, and convenient milk powder. They are full of nutrients, calcium, protein and vitamins that our bodies need. To get these delicious foods, we have to milk the cows and sheep, these "little friends", and then after some processing, such as disinfection and fermentation, it becomes a variety of delicious dairy products on our table. Dairy products play an important role in our diets, and how much we eat depends on our taste preferences, eating habits, and availability. Although the dairy industry makes money, it also faces some challenges, such as whether it can continue to make money, whether the cattle and sheep are living well, whether it has an impact on the environment, especially whether it will warm the planet and whether it will use more water.

COVID-19 IMPACT

“Supply Chain Disruptions and Increased Costs Impact Dairy Market”

The COVID-19 pandemic has hit the milk and dairy industry particularly hard, with entire supply systems thrown into disarray. When factories shut down and there were not enough workers, there was a shortage of raw materials to make dairy products, and milk products could not be sold. During the epidemic, people buy dairy products is also more and less, at first, no one goes to the restaurant, there are fewer people to buy, and later, afraid that they can not buy, they began to stock up, and there are more people to buy. That makes it hard for dairy producers to maintain stock. Moreover, because of the epidemic, the cost of transportation and distribution has also risen a lot, and the port side is slow, and there are not enough people, so whether it is raising cattle or buying things, they have to spend more money, and they can't make any money. In addition, tastes have changed, with many people buying plant-based alternatives during the pandemic, making traditional dairy products harder to sell in some places. However, some dairy industries, especially retail ones, are still up because people spend more time at home and eat more milk, cheese and yogurt. But exporting dairy products can be tricky because of logistics issues and changing international demand, especially in places like Asia and the Middle East.

LATEST TREND

”Increasing Demand for Plant-Based Alternatives Shapes Dairy Market”

The milk and dairy industry is changing in a big way, and the whole world is changing with it. The most obvious change is the growing love of plant-based dairy products. Because people have become more picky about their tastes and more concerned about their bodies and the environment of the planet. So, new gadgets like almond milk, oat milk, and plant-based cheese are popular, especially for those who don't eat meat and drink milk to get diarrhea. The change has also led to manufacturers that previously only made milk experimenting with plant-based milks, and there are now plenty of dairy and non-dairy options on the market. What's more, people are looking for healthier dairy products these days. They prefer low-fat, organic products with special benefits. For example, yogurt has to have probiotics, milk has to have protein, and it has to be lactose-free. In addition, dairy products fortified with calcium, vitamin D, and omega-3 nutrients are increasingly popular, because people want to eat something more nutritious.

MILK AND DAIRY PRODUCTS MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into Milk, Dairy Products.

Milk: Milk is a particularly nutritious liquid produced by mammalian mothers. We usually drink, there are pure milk, skim, and all kinds of flavors. It contains many good things that our bodies need, such as calcium, protein, vitamin D, B12, and some minerals. Milk is an important part of many people's diets, not only from cows, but also from sheep and goats, and now there are plant-based alternatives like almond, soy, and oat milk. Milk can be drunk directly, used for cooking, baking, and is the raw material for many dairy products.

Dairy Products: is to take milk changes to make a variety of delicious, after processing more delicious taste, nutrition is more comprehensive. Cheese, butter, yogurt, cream cakes, ice cream, these are the stars of dairy products. People all over the world love it, but dairy products look and taste different depending on the region and culture. Dairy products contain a lot of good things for the body, such as calcium that makes our bones stronger, protein that helps us build muscle, fat that provides energy, and various vitamins that are an integral part of our daily diet. These dairy products are prepared with tricks such as fermenting them, sterilizing them, or letting them sit a little so that they taste better, taste better, and last longer.

By Application

Based on application, the global market can be categorized into Online Sales,Offline Sales.

Online shopping: Online shopping means using a computer or mobile phone to buy things online, without going out, just click the mouse or touch the screen at home. You can see a lot of products on online shopping platforms, such as Taobao and Jingdong, and buy whatever you want. Well, the price is also quite affordable, and you can order anytime, anywhere. When you pay, just swipe your phone or type in a password. If it is in kind, the Courier brother will help you send it home; If e-books, software, such as virtual things, directly download good.

Offline Sales: Physical store shopping, that is, you have to go to the store in person, see the object, feel the texture, talk to the clerk, and then decide whether to buy. Places like shopping malls, supermarkets, specialty stores are all physical stores. Although online shopping is very convenient, but some things, such as clothes, furniture, high-end electronic products, it is best to go to the physical store to see and buy, so it is more assured. In the physical store, you can directly feel the quality of the goods and the service of the store, but also can immediately take things away, the experience is not compared with online shopping.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

”Growing Popularity of Plant-Based and Functional Dairy Alternatives”

Many people are now looking for alternatives to milk, especially those who can't drink milk, are vegetarian or want to lose weight. As a result, the dairy industry has introduced a number of plant-based alternatives, such as oats, almonds, soybeans, coconut and so on. These alternatives can meet the needs of different tastes, nutrition is also very good, similar to milk. Moreover, functional dairy products with probiotics, prebiotics, or added vitamins and minerals are also becoming more and more popular, and the entire dairy industry is constantly improving and expanding.

Restraining Factor

”Rising Raw Material and Production Costs”

One of the troubles in the dairy market is that the prices of things needed to make dairy products, especially grass for cows, are going up. Food prices fluctuate around the world, and bad weather can lead to poor harvests, making dairy more expensive. The extra money will eventually have to come from consumers, who may not be willing to buy so many dairy products, especially where the price is important. In addition, electricity and labor costs have also risen, dairy manufacturers spend more money, and small manufacturers want to compete with large manufacturers, it is even more difficult.

Opportunity

”Rising Disposable Income and Changing Lifestyles in Emerging Markets”

In emerging countries, particularly in Asia and Latin America, where people have bigger wallets and changing lifestyles, there is significant demand for dairy products. As people head to the city and their wallets get bigger, convenient and tasty dairy products like milk, cheese and yogurt become more popular. New ways to buy food online, such as supermarkets, have made it super convenient to buy dairy products, and have also made the market in these places fire up.

Challenge

”Health and Environmental Concerns”

Nowadays, people are concerned about health, especially afraid that eating high-fat dairy products is bad for the body, so traditional dairy products are not so popular. We all know that high-fat eating is easy to gain weight, and may lead to heart disease, so many people are starting to choose low-fat or no dairy products. In addition, raising cows will pollute the environment, such as emitting a lot of greenhouse gases, and the land will also suffer, which makes many people start to think about finding something more environmentally friendly and more natural to replace. This trend is quite evident in environmentally conscious places like Europe and North America.

MILK AND DAIRY PRODUCTS MARKET REGIONAL INSIGHTS

North America

The North American milk and dairy industry is particularly good, with the United States and Canada leading the way. Milk, cheese, yogurt and butter are old friends on the American dinner table, but now people are playing with organic, lactose-free and plant-based alternatives. However, the price of these new products is a little expensive, and the supply is not stable, and some people think that high-fat dairy products are not good for the body. But now, people are more willing to spend money on high-end dairy products and plant-based alternatives with special benefits, such as almond milk, oat milk and soy milk, which are favored by health enthusiasts. In Canada, the industry is well regulated, prices are stable and farmers are doing well. North Americans still love dairy products, but prefer healthy plant-based alternatives and are concerned about the environmental impact of dairy farming, which are quietly changing the market. In the future, there will certainly be more new and premium products on the market.

Europe

The milk and dairy trade is very popular in Europe, and places like Germany, France, England, and Holland produce more and eat more. Europeans especially love dairy products, milk, cheese, yogurt are a daily necessity. Nowadays, people pay more attention to health, environmental protection, and the well-being of animals, so in the European market, those healthier and greener dairy products are increasingly popular. New products such as organic and plant-based milk, especially lactose-free, organic or plant-based, are particularly popular in Germany, the United Kingdom and France. The European Union has also tightened regulations that require dairy products to be environmentally friendly and animal friendly, forcing manufacturers to improve. However, traditional dairy products are still popular, especially cheese and yogurt. In addition, people are pursuing health now, and functional dairy products that are good for you, such as yogurt with probiotics and nutritionally fortified milk, are becoming more and more popular. In short, the European dairy market is changing, becoming more health-conscious and environmentally friendly, but traditional dairy products are still popular.

Asia

The milk and dairy trade is booming in Asia, mainly because the cities are getting bigger, there are more people with money and people are eating differently. In China and India, dairy products, especially milk and yogurt, are a daily staple. However, because some people drink milk will have diarrhea, and some dietary reasons, many people in Asia do not drink milk every day as in the West. Therefore, dairy manufacturers have introduced lactose-free milk and some milk products with added nutrients to meet everyone's needs. In China, milk, cheese, and yogurt are selling particularly well, and people now prefer to buy expensive, imported, specialized dairy products. As convenience foods and Western food become more popular, people in cities are eating more dairy products. India is the world's largest producer of milk, and its domestic dairy market is strong, but it has some minor problems, such as less concentrated production and fluctuating prices. In Southeast Asia, demand for yoghurt and milk drinks is rising, but people still eat less than in the West. Now, dairy products made from plants such as soy and almond milk are also popular, making the market more abundant. As Asia's economies get better and tastes become healthier and more diverse, the dairy market in Asia is sure to continue to thrive. However, drinking milk diarrhea, different cultural habits, and competition from plant-based dairy products will also affect the future of the dairy industry in this region.

KEY INDUSTRY PLAYERS

”Key Market Contributors Driving the Advancement and Expansion of Milk and Dairy Products”

The milk and dairy business is very competitive, and many domestic and foreign companies are fighting for territory to sell all kinds of milk, cheese, yogurt, butter, and other substitutes that are not milk but like milk. Big companies like Nestle and Danone are powerful because they have strong brands and are widely sold. However, every place also has its own "local snake", such as in India, Amur and Mother dairy such local brands, the common people are familiar with. Now people's tastes have changed, like plant-based milk ah, lactose-free products ah these new tricks, so there is a wave of new companies to join in the fun, the competition is even greater. Many companies are trying to attract customers with new ideas, such as functional and organic products that are good for the body. The price is also a concern of everyone, especially in some newly developed places, because of the low cost of local manufacturers, so the price advantage. Also, nowadays everyone cares about the environment and likes brands that do things responsibly and produce environmentally friendly products. The market is changing all the time, and companies need to find a balance between innovation, environmental protection and price to stay ahead of the competition.

List of Top Milk and Dairy Products Companies

Nestle
Lactalis
Danone
Dairy Farmers of America
Yili Group

KEY INDUSTRY DEVELOPMENTS

Jan 22, 2021: Families looking for healthy and delicious sources of protein in their diet have made it clear they love the taste of rich, nutritious original Borden High Protein Milk. So, Borden is bringing this family favorite back to stores across Texas and Louisiana. A 16 oz glass of Borden High Protein Milk has a jaw-dropping 20 grams of protein. For comparison, that’s equivalent to three eggs, or three tablespoons of peanut butter, or 22 cups of spinach.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
From 2024 to 2033, there will be big changes in the milk and dairy industry. Because tastes and production techniques are constantly evolving. Classic dairy products like milk, cheese, and yogurt will still be popular in Europe and North America, where milk is loved. However, people are now more concerned about their health and the environment, so healthier and more environmentally friendly options such as organic milk, lactose-free milk and plant-based milk are becoming more popular. At the same time, there will be many new tricks on the market, such as adding probiotics and nutrient-rich milk, in order to meet the trend of everyone's pursuit of health. Of course, dairy manufacturers will also face many challenges, such as more and more new products such as plant-based milk, more competition, and the government has also asked manufacturers to be more environmentally friendly. In general, the milk and dairy industry will continue to grow, but will be influenced by health trends, environmental requirements and plant-based milk alternatives.