Dairy Market Outlook
According to the report by Expert Market Research (EMR), the global dairy market size reached a value of USD 561.66 Billion in 2024. Fueled by the increasing demand for dairy products, rising consumer health consciousness, and the growing adoption of dairy alternatives, the market is projected to further grow at a compound annual growth rate (CAGR) of 3.60% between 2025 and 2034, ultimately reaching a value of USD 799.97 Billion by 2034.
The dairy industry encompasses a wide variety of products, including milk, cheese, butter, yogurt, and ice cream, as well as dairy-based ingredients used in other food products. Dairy products have long been a staple of diets worldwide due to their high nutritional value, providing essential nutrients such as calcium, protein, and vitamins. With increasing consumer awareness of the health benefits of dairy, along with innovations in production processes, the dairy market continues to expand in both traditional and emerging markets.
The rise of plant-based alternatives is also a significant factor influencing the dairy market’s growth trajectory. The increasing popularity of vegan and plant-based diets, driven by environmental concerns, health-consciousness, and ethical considerations, has spurred demand for dairy alternatives such as almond milk, soy milk, and oat milk. These trends are prompting dairy producers to adapt and innovate, resulting in an evolving and dynamic global dairy landscape.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/dairy-market/requestsample
Health Trends and Dairy’s Nutritional Benefits
Dairy products are renowned for their rich nutritional profile, which includes protein, calcium, vitamin D, potassium, and various other micronutrients essential for maintaining bone health, muscle development, and overall well-being. As consumers become more health-conscious, dairy continues to be a preferred food choice, especially for growing children, athletes, and individuals looking to enhance their nutritional intake.
The increasing popularity of health and wellness trends, coupled with a growing emphasis on a balanced diet, is boosting the demand for dairy products. The high calcium content in dairy products plays a vital role in maintaining strong bones and preventing osteoporosis, particularly among the elderly population. Additionally, the protein found in dairy products contributes to muscle growth, recovery, and repair, making it a valuable component of fitness and post-workout diets.
Furthermore, dairy is rich in bioactive peptides, which have been linked to various health benefits, including improved immune function, anti-inflammatory properties, and reduced risk of chronic diseases. The rise in health-conscious consumers seeking to improve their diet has helped sustain the long-term growth of the dairy market.
Dairy Alternatives and Plant-Based Trends
While dairy remains a fundamental part of diets across the globe, the growing popularity of plant-based diets and veganism is shaping the future of the dairy market. The increasing awareness of the environmental impact of livestock farming, particularly in terms of greenhouse gas emissions and land use, has driven many consumers to explore plant-based dairy alternatives.
The plant-based dairy market is witnessing significant growth, with products such as almond milk, soy milk, oat milk, coconut milk, and plant-based cheeses rapidly gaining traction in the global marketplace. As a result, dairy producers are facing increased competition from plant-based alternatives that are marketed as more sustainable, cruelty-free, and lower in environmental impact.
To keep pace with these changing consumer preferences, traditional dairy producers are diversifying their product offerings. Many dairy companies are now investing in plant-based dairy alternatives, launching products such as almond-based yogurt, oat-based ice cream, and vegan cheese. This shift toward innovation is helping dairy producers to remain relevant and competitive in the evolving market, as they cater to both traditional dairy consumers and those seeking plant-based options.
Cheese and Yogurt: Key Dairy Segments
Cheese and yogurt are among the largest segments of the global dairy market, driven by their diverse applications in cooking, snacking, and as ingredients in ready-to-eat meals. The growing popularity of cheese, particularly in emerging markets, has contributed to the expansion of the global dairy market.
The cheese segment is projected to experience steady growth due to the increasing consumption of processed cheese, cheese snacks, and gourmet cheese varieties. Additionally, cheese continues to play a significant role in global cuisine, making it a staple in both home cooking and foodservice. In particular, the demand for premium and artisanal cheeses, driven by consumers’ desire for unique flavors and high-quality products, is expected to fuel further growth in the cheese segment.
Yogurt, especially in the form of probiotic and functional yogurt, is also experiencing substantial growth. The health benefits associated with yogurt, including its positive impact on digestion, gut health, and immunity, have contributed to its popularity. Furthermore, flavored yogurt, Greek yogurt, and dairy-free yogurt alternatives are gaining traction, catering to a wide range of consumer tastes and preferences. The growing demand for healthy, functional snacks is further driving the success of yogurt in the global dairy market.
Sustainability and Innovation in Dairy Production
Sustainability has become a central theme in the dairy industry as both producers and consumers are becoming increasingly concerned about the environmental impact of dairy farming. Issues such as greenhouse gas emissions, water usage, and animal welfare are prompting dairy companies to adopt more sustainable practices and improve the overall environmental footprint of dairy production.
In response to consumer demand for more eco-friendly products, dairy companies are implementing more sustainable farming practices, including reducing methane emissions, optimizing water and energy usage, and promoting animal welfare. Furthermore, there is a growing interest in plant-based alternatives to dairy, which is prompting more environmentally-conscious consumers to choose products with a lower carbon footprint.
Innovation in dairy farming and production processes is also contributing to the sustainability movement. Technological advancements in dairy production, such as precision farming, automation, and feed efficiency, are helping to improve yields, reduce waste, and optimize resource usage. As the industry continues to evolve, it is likely that sustainability will remain a key driver of change in dairy production.
Key Drivers of Market Growth
Several factors are contributing to the continued expansion of the global dairy market:
-
Increased Consumer Health Awareness: The growing awareness of the nutritional benefits of dairy products, particularly in terms of protein, calcium, and other essential vitamins and minerals, is driving sustained demand for dairy.
-
Rising Disposable Incomes: As disposable incomes rise in emerging markets, particularly in Asia-Pacific and Africa, the demand for dairy products, including premium offerings, is increasing.
-
Changing Dietary Preferences: The rise in plant-based diets is fueling the development of dairy alternatives, presenting new opportunities for dairy producers to diversify their product range and cater to a wider customer base.
-
Expanding Population and Urbanization: The global population is projected to continue growing, particularly in urban areas where dairy consumption tends to be higher, leading to greater demand for dairy products.
-
Technological Innovations: Advancements in dairy farming, processing techniques, and packaging solutions are enabling dairy producers to increase production efficiency and meet evolving consumer demands.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/dairy-market
Dairy Market Segmentation
The Dairy Market can be divided based on product, region
Breakup by Product
- Fluid/UHT/Flavoured Milk
- Cream
- Butter
- Ghee
- Anhydrous Milk Fat (AMF)
- Skimmed Milk Powder/Non-Fat Dry Milk
- Whole Milk Powder
- Whey Protein (Powder and Concentrate)
- Indian Cheese (Paneer)
- Lactose
- Casein
- Cheese
- Yoghurt
- Ice-Cream
- Probiotic Dairy Products
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
Some of the major players explored in the report by Expert Market Research are as follows:
- Danone S.A.
- Royal FrieslandCampina N.V.
- Arla Foods amba
- Nestlé S.A.
- Fonterra Co-operative Group Limited
- Dairy Farmers of America, Inc.
- Lactalis Group
- Saputo Inc.
- China Mengniu Dairy Company Limited
- Meiji Holdings Company, Ltd
- Others
Challenges in the Market
Despite its positive growth outlook, the dairy market faces several challenges, including concerns over sustainability, rising production costs, and the increasing popularity of plant-based alternatives. Dairy producers must adapt to these challenges by embracing innovation and sustainability practices, as well as diversifying their product offerings to cater to a more health-conscious and environmentally-aware consumer base.
Media Contact:
Company Name: Claight Corporation
Contact Person: Olivia jass, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: http://www.expertmarketresearch.com
Aus Site: https://www.expertmarketresearch.com.au
