Press release
Dairy Market Size, Share, Industry Trends, Growth Factors and Forecast 2025-2033
Dairy Market share
Dairy Market Overview
The global dairy market size reached USD 991.5 Billion in 2024 and is expected to grow to USD 1,505.8 Billion by 2033, registering a CAGR of 4.75% during the forecast period 2025-2033. Growth is driven by factors such as rapid urbanization, rising health and nutrition awareness, technological advancements in dairy farming, and evolving dietary preferences.
Study Assumption Years
● Base Year: 2024
● Historical Year/Period: 2019-2024
● Forecast Year/Period: 2025-2033
Global Dairy Market Key Takeaways
● Current Market Size: USD 991.5 Billion in 2024
● CAGR: 4.75% during 2025-2033
● Forecast Period: 2025-2033
● The market growth is supported by changing dietary patterns and technological advancements such as automated milking systems.
● Urbanization is increasing the demand for convenient and ready-to-eat dairy products.
● Rising global population drives demand for dairy nutrients like calcium and protein.
● India holds the largest market share, supported by
government initiatives and a large livestock population.
● Increasing consumer health awareness promotes
demand for lactose-free and fortified dairy products.
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Market Growth Factors
1. The global dairy market growth is propelled by changing dietary patterns and advancements in dairy farming technology, including automated milking and precision feeding techniques, which enhance milk production efficiency and quality. This sector's development aligns with rising health consciousness among consumers seeking nutrient-rich foods.
2. Urbanization significantly influences the dairy market. As per UNCTAD, the urban population reached 56.9% in 2022, with higher proportions in developed regions (79.7%) compared to developing regions (52.3%). Urban consumers prefer quick, nutritious, and versatile dairy products available in packaged and ready-to-eat formats, fueling
market expansion.
3. The rising global population increases demand for essential nutrients like calcium and protein, found abundantly in dairy products. The US population, for example, grew by 0.4% to 333,287,557 in 2022. Furthermore, awareness about lactose intolerance and milk allergies has bolstered demand for lactose-free and plant-based dairy alternatives, encouraging product innovation.
Market Segmentation
Product Type:
● Liquid Milk: The dominant segment due to widespread global consumption, versatility as a beverage and ingredient, and availability in variants like whole, skimmed, and lactose-free milk.
● Flavored Milk
● Cream
● Butter
● Cheese
● Yoghurt
● Ice Cream
● Anhydrous Milk Fat (AMF)
● Skimmed Milk Powder (SMP)
● Whole Milk Powder (WMP)
● Whey Protein
● Lactose Powder
● Curd
● Paneer
Each product segment serves diverse consumer needs, with liquid milk leading due to its nutritional value and accessibility.
Regional Insights
India is the leading region in the global dairy market, supported by its large population (over 1.3 billion), abundant livestock, and modernization of milk collection and processing infrastructure. Government initiatives such as the National Programme for Dairy Development (NPDD) from 2021-22 to 2025-26 further bolster India's market dominance,
making it the largest dairy market globally.
Recent Developments & News
● On 29 November 2023, Nestlé S.A. launched N3 milk, which contains essential nutrients, prebiotic fibers, has low lactose content, and 15% fewer calories.
● On 10 July 2023, Arla Foods amba partnered with Blue Ocean Closures to introduce a fibre-based cap for milk cartons, reducing plastic use by over 500 tonnes annually.
● On 5 July 2022, Danone S.A. launched a dairy and plant blend baby formula, designed as a vegetarian option and the first blend where over half the protein is soy-derived.
Key Players
● Nestlé S.A.
● Fonterra Cooperative Group
● Royal FrieslandCampina N.V.
● Arla Foods amba
● Danone S.A.
● Lactalis Group
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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