Discover Top 15 Companies in Dairy Market; Global Share, Market Size, Revenue Report (2024-2035)
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Dairy Market Size is Projected to Grow from USD 681.81 Billion in 2024 to USD 820 Billion by 2035, at a CAGR of 1.69% during the forecast period 2025–2035. Technological developments in dairy production, growing demand for dairy substitutes, and growing health consciousness are driving the market. A changing market landscape is reflected in the way major firms are responding to consumer preferences for high-end and environmentally friendly products.
Introduction
The dairy market refers to the production, processing, and distribution of milk and milk-based products such as cheese, butter, yogurt, and cream. It plays a vital role in global nutrition by offering high-quality protein, calcium, and essential vitamins. The improved health, rural employment, and economic growth. The rising demand for functional dairy, lactose-free options, and exports to emerging markets. Technological advancements in processing and cold chain logistics are further enhancing efficiency. Governments worldwide support the sector through subsidies, minimum support prices, animal health programs, and rural dairy development schemes. In India, initiatives like the Rashtriya Gokul Mission and National Dairy Plan aim to increase productivity, ensure quality, and improve farmers’ incomes, strengthening the sector’s contribution to food security and livelihoods.
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Dairy Market Size & Statistics
The Market for Dairy Market Size was Estimated to be Worth USD 681.81 Billion in 2024.
The Market is Going to Expand at a CAGR of 1.69% between 2025 and 2035.
The Global Dairy Market Size is Anticipated to Reach USD 820 Billion by 2035.
North America is expected to generate the highest demand during the forecast period in the Dairy Market.
Asia Pacific is expected to grow the fastest during the forecast period in the Dairy Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the dairy market.
Asia Pacific is projected to witness the fastest growth in the dairy market due to rising population, urbanization, and increasing income levels. Growing demand for nutritious food, changing dietary habits, and expanding middle-class consumption are fueling dairy product uptake. Countries like India and China are investing heavily in dairy infrastructure, cold chain logistics, and animal husbandry. Government initiatives supporting rural dairy farming and rising awareness of health benefits also contribute to market expansion, making Asia Pacific a key growth driver in the global dairy industry.
North America is expected to generate the highest demand during the forecast period in the dairy market.
North America is expected to generate the highest demand in the dairy market due to strong consumer preference for high-protein and value-added dairy products like Greek yogurt, cheese, and organic milk. The region benefits from advanced dairy processing technologies, large-scale farms, and efficient cold chain logistics. Growing health awareness and demand for lactose-free and plant-based alternatives also drive innovation. Additionally, government support, food safety regulations, and robust retail infrastructure further strengthen market growth in the U.S. and Canada during the forecast period.
Top 6 Dairy Market Trends
- Sustainability
- Plant-based and Dairy Alternatives
- Functional Nutrition
- Personalized Nutrition
- Automation and Smart Dairy Technologies
- Innovations in Packaging
1. Sustainability
Sustainability in the dairy market is increasingly important, driving innovation across farming, processing,and packaging. Producers focus on reducing carbon footprints through methane-reducing feed additives like Bovaer, precision agriculture, and regenerative farming practices. Smart dairy farms now use IoT, robotic milking, and AI to optimize resource use and minimize waste. Packaging is shifting toward biodegradable and plant-based materials, improving environmental performance
2. Plant-based and Dairy Alternatives
Plant-based and dairy alternatives are reshaping the global dairy market, offering consumers lactose-free, vegan-friendly products like oat, almond, soy, and pea milk, as well as nondairy cheese, yogurt, and butter. Drivers include lactose intolerance, health and environmental concerns, and flexible dietary preferences. Government and regulatory suppor-such as FDA rulings permitting “milk” labeling on plant-based beverages and initiatives promoting plant-based foods in schools-are enhancing legitimacy and adoption.
3. Functional Nutrition
Functional nutrition in the dairy market centers on products fortified with bioactive ingredients like probiotics, vitamins, calcium, and omega-3S that deliver real health benefits such as improved gut health, immunity, and bone strength. Probiotic yogurts and fortified milks lead growth, while rising demand for clean-label and e-commerce channels fuels innovation.
4. Personalized Nutrition
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5. Automation and Smart Dairy Technologies
Automation and smart dairy technologies are revolutionizing the dairy market by increasing productivity, improving animal welfare, and reducing operational costs. Robotic milking systems (AMS) automate the milking process, boost milk yield by 10-15%, and enable flexible, voluntary milking schedules. These data feed AI-driven analytics for herd management, early disease detection, and optimized supply chains.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Dairy Market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 11 Companies Leading the Dairy Market
- Lactalis
- Nestlé
- Dairy Farmers of America
- Danone
- Yili Group
- Fonterra
- Arla Foods
- Saputo Inc.
- FrieslandCampina
- Unilever
- Mengniu Dairy
- Others
1. Lactalis
Headquarters - France
Lactalis is the world’s largest dairy company, headquartered in France, with over USD 30 billion in annual dairy revenue. It produces a broad range of dairy products including milk, cheese, butter, and yogurt, serving markets globally. Known for iconic brands like Président and Parmalat, Lactalis focuses on innovation, quality, and sustainability. The company invests in advanced processing technologies and supply chain efficiency, while expanding in emerging markets. Lactalis plays a key role in shaping the global dairy industry through its scale and product diversity.
2. Nestle
Headquarters – Switzerland
Nestlé is a global leader in the dairy market, generating over USD 24 billion in annual dairy revenue. The Swiss company offers a wide range of dairy products, including milk powders, infant formula, yogurts, and cheese, under renowned brands like Nido and Nesquik. Nestlé emphasizes innovation in nutrition, health, and wellness, investing heavily in research to develop functional and plant-based dairy alternatives.
3.Dairy Farmers of America
Headquarters –USA
DFA's strategic initiatives include partnerships with major brands like Pizza Hut and Bel Brands to promote sustainable farming practices and reduce environmental footprints. These collaborations focus on implementing energy-efficient systems and supporting regenerative agriculture on member farms.
4. Danone
Headquarters – France
Danone's dairy portfolio includes renowned brands such as Activia, Oikos, Danone, and Silk, which offer a wide range of products including yogurt, milk, and plant-based alternatives. The company is actively expanding its presence in emerging markets, including a 20 million investment in a plant in Punjab, India, to strengthen its position in the fast-growing consumer goods market.
5. Yili Group
Headquarters – China
Yili is actively promoting a comprehensive green supply chain, deepening rural revitalization initiatives, and engaging in social responsibility programs, striving to achieve balanced economic, social, and environmental benefits. In MSCI’s latest 2024 ESG ratings, Yili achieved a breakthrough AA rating the highest in the industry, marking four consecutive years of upgrades.
Are you ready to discover more about the Dairy Market?
The report provides an in-depth analysis of the leading companies operating in the global Dairy Market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Veolia Environnement
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Nestle
- Dairy Farmers of America
- Danone
- Yili Group
- Fonterra
- Arla Foods
- Saputo Inc.
- FrieslandCampina
- Unilever
- Mengniu Dairy
- Others
Conclusion
The dairy market is rapidly evolving, driven by rising consumer demand for nutritious, functional, and specialty products worldwide. Asia Pacific leads growth due to population expansion, urbanization, and government support, while North America dominates demand with advanced technology and health-conscious consumers. Innovations in processing, cold chain logistics, and sustainability efforts are transforming the sector. Strong government initiatives and investments in infrastructure further enhance productivity and quality. Overall, the dairy market’s growth reflects shifting dietary trends, economic development, and increasing focus on health and sustainability globally.
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