Global Dairy Market Size To Exceed USD 1675.8 Billion by 2035 | CAGR of 4.98%
Category: Food & BeveragesGlobal Dairy Market Size To Exceed USD 1675.8 Billion by 2035
According to a research report published by Spherical Insights & Consulting, The Global Dairy Market Size is expected to Grow from USD 981.5 Billion in 2024 to USD 1675.8 Billion by 2035, at a CAGR of 4.98% during the forecast period 2025-2035.
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"Global Dairy Market Size, Share, and COVID-19 Impact Analysis, By Category (Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, and Yogurt), By Distribution Channel(Off-Trade and On-Trade) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035" Detailed Report Decription Here :
The Global Dairy Market Size encompasses the production, processing, and distribution of milk and milk-based products that support nutritional needs worldwide. Market growth is driven by rising population, increasing demand for protein-rich diets, expanding urbanization, and growing consumption of value-added products such as cheese, yogurt, and fortified milk. Technological advancements in dairy processing, cold chain infrastructure, and product innovation further support market expansion. Additionally, rising awareness of health and wellness and increasing disposable incomes in emerging economies are positively influencing demand. However, the market faces restraining factors including lactose intolerance concerns, volatility in raw milk prices, stringent food safety regulations, environmental sustainability challenges, and the rising adoption of plant-based dairy alternatives, which limit conventional dairy consumption growth.
The milk segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the category, the dairy market is divided into butter, cheese, cream, dairy desserts, milk, sour milk drinks, and yogurt. Among these, the milk segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Milk has a long history of being the main source of human nutrition and it is still a major part of the human diet today. Hardly anyone does not consume milk or its product (like cheese or butter) at least once a day. Besides being easy to get, milk also has many ways to be used in foods and drinks, and all these factors have contributed to its increased demand in both developed and developing countries.
The off-trade segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the dairy market is divided into off-trade and on-trade. Among these, the off-trade segment accounted for the highest market revenue in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Supermarkets, hypermarkets, convenience stores, and online platforms dominate due to wide accessibility, bulk purchasing options, competitive pricing, and strong consumer preference for convenient at-home consumption, supporting sustained revenue growth beyond the forecast period.
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Asia Pacific is expected to hold the majority share of the global dairy market during the forecast period.
Asia Pacific is expected to hold the majority share of the global dairy market during the forecast period. The large population, rise in disposable incomes, urbanization, etc. along with increasing dairy consumption and development of cold-storage and retail infrastructure are some of the factors that will drive the market.
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Europe is anticipated to grow at the fastest pace in the global dairy market during the forecast period. Technologically advanced, the market for premium dairy products is also growing, along with the various sustainability efforts and the expansion of exports that have taken place globally, thereby creating a strong demand for these products.
Major vendors in the global dairy market are Danone S.A., Lactalis Group, Fonterra Co-operative Group Limited, Dairy Farmers of America Inc., Arla Foods amba, Saputo Inc., Yili Group, Mengniu Dairy Company Limited, Dean Foods Company, FrieslandCampina, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In September 2023, China Mengniu Dairy acquired Australian organic infant formula maker Bellamy’s Australia in a deal valued at approximately USD 1 billion.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the dairy market based on the below-mentioned segments:
Global Dairy Market, By category
- Butter
- Cheese
- Cream
- Dairy Desserts
- Milk
- Sour Milk Drinks
- Yogurt
Global Dairy Market, By Distribution Channel
- Off-Trade
- On-Trade
Global Dairy Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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