Meticulous Research®—a leading global market research company, published a research report titled ‘Dairy Products Market Size, Share, Forecast, & Trends Analysis by Type (Milk {Liquid, Powder}, Cheese, Dessert, Yogurt), Category (Lactose-Free), Animal Source (Cow, Buffalo), Nature (Organic), Distribution Channel (Supermarket)- Global Forecast to 2032’. According to this latest publication from Meticulous Research®, the dairy products market is projected to reach $1,167.93 billion by 2032, at a CAGR of 4.7% from 2025 to 2032.
Growing population and changing consumption habits, increased per capita consumption of fresh dairy products, expanding consumer awareness of healthful foods, and increased milk production all contribute to the dairy products market's growth.
However, rising demand for dairy alternatives and a growing vegan population are projected to slow market growth to some extent.Furthermore, increasing technical improvements in the dairy industry and expanding economies are likely to generate market growth possibilities for players in this sector.Nonetheless, stakeholders in this industry face significant obstacles, including the high frequency of lactose intolerance and milk allergies, as well as increased consumer awareness of vegan diets.
Furthermore, increased demand for organic milk and increasing awareness of health and wellness are a significant
Key Players
The dairy products market is moderately competitive, owing to the existence of numerous large and small global, regional, and local competitors. Arla Foods Group (Denmark), Nestlé S.A. (Switzerland), Danone S.A. (France), Lactalis Group (France), Fonterra Co-operative Group Limited (New Zealand), The Kraft Heinz Company (U.S.), DMK Group (Germany), Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) (India), Dairy Farmers of America, Inc. (U.S.), Meiji Holdings Co., Ltd. (Japan), Royal FrieslandCampina N.V. (Netherlands), Saputo Inc. (Canada),
The dairy products market is primarily split into:
Type: milk (liquid and powder), cheese, butter, dessert, yogurt, and other dairy products.
Category (lactose-based and lactose-free dairy products)
Animal Source (cow, buffalo, goat, among others)
Nature (both conventional and organic).
Distribution channels include supermarkets, hypermarkets, discounters, specialty stores, online retailers, and others.
Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East/Africa)
The dairy products market is divided into six types: milk, cheese, butter, dessert, yogurt, and others.
In 2025, the milk segment is predicted to have the highest share (59%).
This is attributed to rising population, increased milk production, increased understanding of nutritional benefits, high household consumption, widespread availability, and culinary applications.
The dairy product market is divided into two categories: lactose-based and lactose-free.
In 2025, the lactose-based category is predicted to have the largest share.
This is due to their high intake, role as an energy source, potential prebiotic effects, and ability to aid in nutritional absorption such as calcium and vitamins.
The dairy products market is divided into four categories based on animal source: cow, buffalo, goat, and others.
In 2025, the cow category is predicted to have the highest share of 81.2%.
This is due to the widespread availability of cow milk, customer desire for its health benefits, and its high water content, which aids digestion.
The dairy products market is divided into two segments based on nature: conventional and organic.
In 2025, the conventional segment is predicted to have the most share.
This is attributed to low cost accessibility, rising food consumption, increased desire for processed dairy goods, and widespread availability.
The dairy products market is divided into several distribution channels, including supermarkets, hypermarkets, discounters, specialty stores, online retail, and others.
Supermarkets are predicted to have the highest share (35.1%) in 2025.
This is due to one-stop shopping convenience, a clean environment, expanded hours, a larger assortment, and more shelf space for dairy goods.
The report covers North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Russia), Asia-Pacific (China, India, Japan, Australia, New Zealand, Indonesia), Latin America (Brazil, Argentina, Mexico), and the Middle East and Africa.
Asia-Pacific is predicted to have the greatest share in 2025, accounting for 40.5% and valued at USD 343.56 billion.
This is attributable to high milk production in India and China, a sophisticated dairy industry, a growing population, rising disposable income, a strong presence of local and global firms, and government programs to assist the dairy and animal husbandry sectors.
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Key Questions Answered in the Report:
• What is the value of revenue generated by the sale of dairy products?
• At what rate is the global demand for dairy products projected to grow for the next 5-7 years?
• What is the historical market size and growth rate for the dairy products market?
• What are the major factors impacting the growth of this market at global and regional levels?
• What are the major opportunities for existing players and new entrants in the market?
• Which type, category, animal source, nature, and distribution channel segments create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the dairy products market?
• Who are the major players in the dairy products market? What are their specific product offerings in this market?
• What recent developments have taken place in the dairy products market? What impact have these strategic developments created on the market?
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