The global dairy industry is estimated to register significant growth over the forecast period 2019-2025. The global milk production expanded at a substantial rate especially in India, Turkey, the European Union, Pakistan, the US, and Argentina in 2018, which was partially offset by a decline in milk production output in China and Ukraine. Growing population, higher income levels, rising health consciousness, and new product launches are primarily attributing the increasing demand for dairy products. However, due to the recent COVID-19 outbreak, the global dairy industry is facing a serious crisis as a result of which several US-based dairy farmers are dumping milk.

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The epidemic has disrupted the supply chain of the dairy industry across the globe. As several countries imposed nationwide lockdown, the milk supply chain has seen a host of disruptions that are hampering dairy farmers from getting their products into the market place. With restaurants and schools being kept closed, the industry has seen a substantial shift from wholesale food-service markets to retail grocery stores. This created logistical and packaging nightmares for plants that process milk, butter, and cheese. Transportation and logistics companies are also reporting a shortage of workers to deliver dairy products, hence disrupting the supply chain.

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The report analyzes the global dairy industry on the basis of product type, distribution channel, and geography. Based on product type, the market is segmented into milk, cheese, butter, dairy desserts, and others. The global dairy industry is primarily dominated by the milk segment, followed by butter and cheese segments. Moreover, yogurt and dairy dessert segments are expected to have a significant impact on their revenue-generating capacity due to the COVID-19 outbreak. Since, yogurt and dairy desserts are not accounted that much essential in basic foods as milk and other dairy products, their availability has been impacted much more over other dairy products. Based on distribution channel, the market is classified into supermarkets/hypermarkets, convenience stores, and specialist retailers.

Geographically, the market is analyzed into North America, Europe, Asia Pacific, and Rest of the World (RoW). Asia-Pacific accounted for significant market share in the global dairy industry as the demand for dairy products continues to surge across economies such as India, Indonesia, Pakistan, Australia, and several others. Moreover, efficient and sustainable dairy production across European economies such as Belarus and Ukraine are further positively impacting the global dairy industry growth. Furthermore, the industry consists of several players that are operating in the global dairy industry. Some of the key players of the market include Arla Foods, China Mengniu Dairy Co., Ltd., Danone S.A., Dean Foods, Fonterra Co-operative Group, FrieslandCampina NV, Gujarat Cooperative Milk Marketing Federation Ltd., and several others.

Global Dairy Industry Market Segmentation
By Product Type

• Milk
• Cheese
• Butter
• Dairy Desserts
• Others (Yogurt)
• Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Store
• Specialist Retailers

Regional Analysis

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

Companies Studied

• Arla Foods amba
• China Mengniu Dairy Co., Ltd.
• Danone S.A.
• Dean Foods Co.
• Fonterra Co-operative Group ltd.
• FrieslandCampina NV
• Gujarat Cooperative Milk Marketing Federation Ltd.
• Lactalis International
• Nestle SA
• Yili Group

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