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PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1513985

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PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1513985

Milk

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Table of Contents

Global Milk Market to Reach 1.1 Billion Tonnes by 2030

The global market for Milk estimated at 958.2 Million Tonnes in the year 2023, is expected to reach 1.1 Billion Tonnes by 2030, growing at a CAGR of 2.2% over the analysis period 2023-2030.

The U.S. Market is Estimated at 258.5 Million Tonnes While China is Forecast to Grow at 3.4% CAGR

The Milk market in the U.S. is estimated at 258.5 Million Tonnes in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of 210.3 Million Tonnes by the year 2030 trailing a CAGR of 3.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.8% and 1.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Global Milk Market - Key Trends and Drivers Summarized

Dairy milk, a staple in many households, is a key component in various dietary regimes worldwide due to its high content of essential nutrients such as calcium, vitamin D, and protein. Dairy milk comes in several forms, including whole, skimmed, and flavored varieties, catering to diverse consumer preferences. It serves not only as a beverage but also as a crucial ingredient in numerous culinary recipes, contributing to the texture, flavor, and nutritional value of many dishes.

In recent years, the dairy milk market has faced significant challenges and transformations. The rise of plant-based alternatives and increasing awareness about lactose intolerance have led some consumers to seek non-dairy options. However, dairy milk continues to maintain a strong presence in the market due to its rich nutritional profile and long-standing cultural significance. Innovative advancements in dairy farming and processing have improved milk quality and shelf life, ensuring that consumers continue to receive high-quality products. Additionally, the dairy industry has seen a surge in demand for organic and grass-fed milk, driven by a growing interest in health and sustainability. This trend is reflected in the increasing availability of premium dairy products that emphasize natural and ethical farming practices.

The growth in the dairy milk market is driven by several factors. Technological advancements in dairy farming, such as automated milking systems and improved herd management techniques, have increased milk production efficiency and quality. The rising demand for high-protein and nutrient-dense foods has bolstered dairy milk's popularity among health-conscious consumers. Furthermore, the expanding use of dairy milk in the food and beverage industry, particularly in products like cheese, yogurt, and butter, has sustained its market relevance. Consumer behavior trends, including the preference for natural and minimally processed foods, have also contributed to the growth of the dairy milk market. As the industry continues to innovate and adapt to changing consumer preferences, dairy milk remains a vital and resilient component of the global food market.

Select Competitors (Total 227 Featured) -

  • Almarai Company
  • Arla Foods Amba
  • Armor Proteines SAS
  • Dairy Farmers of America
  • Fonterra Co-operative Group Ltd.
  • Foremost Farms USA
  • Glanbia PLC
  • Groupe Lactalis
  • Gujarat Cooperative Milk Marketing Federation (AMUL)
  • Hangzhou Wahaha Group Co., Ltd.
  • HP Hood LLC
  • Inner Mongolia Yili Industrial Group Co., Ltd.
  • Kerry Group PLC
  • Lifeway Foods, Inc.
  • MILEI GmbH
  • Morinaga Milk Industry Co., Ltd.
  • Namyang Dairy Products Co., Ltd.
  • Nestle SA
  • Saputo, Inc.
  • Valio Oy
  • Want Want China Holdings Ltd.
  • Warrnambool Cheese & Butter Factory Company Holdings Ltd.
  • Wimm-Bill-Dann Foods OJSC
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Product Code: MCP-6009

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • World Market Trajectories
    • Milk - Global Key Competitors Percentage Market Share in 2024 (E)
    • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
    • Global Economic Update
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
    • Increasing Demand for Dairy Products Drives Milk Market Growth
    • Rising Adoption of Plant-based Milk Alternatives Creates a New Niche
    • Growth in Health and Wellness Trends Strengthens Business Case for Milk
    • Integration of Fortified and Functional Milk Products Throws Spotlight on Market
    • Expansion of Organic and Non-GMO Milk Products Accelerates Market Growth
    • Focus on Enhancing Product Variety and Flavors Generates Demand
    • Increasing Use of Milk in Traditional and Alternative Medicine Sustains Market Growth
    • Impact of Climate Change on Dairy Farming & What it Means for the Supply Chain
    • Rising Demand for Lactose-free and Low-fat Milk Here's the Story
    • Development of Innovative Packaging Solutions for Milk Strengthens Market Position
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: World Milk Market Analysis of Annual Sales in Thousand Tonnes for Years 2014 through 2030
    • TABLE 2: World Recent Past, Current & Future Analysis for Milk by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2023 through 2030 and % CAGR
    • TABLE 3: World Historic Review for Milk by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
    • TABLE 4: World 16-Year Perspective for Milk by Geographic Region - Percentage Breakdown of Volume Production for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

  • UNITED STATES
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
    • TABLE 5: USA Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 6: USA Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • CANADA
    • TABLE 7: Canada Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 8: Canada Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • JAPAN
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
    • TABLE 9: Japan Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 10: Japan Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • CHINA
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
    • TABLE 11: China Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 12: China Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • EUROPE
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
    • TABLE 13: Europe Recent Past, Current & Future Analysis for Milk by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2023 through 2030 and % CAGR
    • TABLE 14: Europe Historic Review for Milk by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
    • TABLE 15: Europe 16-Year Perspective for Milk by Geographic Region - Percentage Breakdown of Volume Production for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2024 & 2030
  • FRANCE
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
    • TABLE 16: France Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 17: France Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • GERMANY
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
    • TABLE 18: Germany Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 19: Germany Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • ITALY
    • TABLE 20: Italy Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 21: Italy Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • UNITED KINGDOM
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
    • TABLE 22: UK Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 23: UK Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • SPAIN
    • TABLE 24: Spain Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 25: Spain Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • RUSSIA
    • TABLE 26: Russia Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 27: Russia Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • REST OF EUROPE
    • TABLE 28: Rest of Europe Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 29: Rest of Europe Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • ASIA-PACIFIC
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
    • TABLE 30: Asia-Pacific Recent Past, Current & Future Analysis for Milk by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2023 through 2030 and % CAGR
    • TABLE 31: Asia-Pacific Historic Review for Milk by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
    • TABLE 32: Asia-Pacific 16-Year Perspective for Milk by Geographic Region - Percentage Breakdown of Volume Production for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2024 & 2030
  • AUSTRALIA
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
    • TABLE 33: Australia Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 34: Australia Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • INDIA
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
    • TABLE 35: India Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 36: India Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • SOUTH KOREA
    • TABLE 37: South Korea Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 38: South Korea Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • REST OF ASIA-PACIFIC
    • TABLE 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 40: Rest of Asia-Pacific Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • LATIN AMERICA
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
    • TABLE 41: Latin America Recent Past, Current & Future Analysis for Milk by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2023 through 2030 and % CAGR
    • TABLE 42: Latin America Historic Review for Milk by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
    • TABLE 43: Latin America 16-Year Perspective for Milk by Geographic Region - Percentage Breakdown of Volume Production for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2014, 2024 & 2030
  • ARGENTINA
    • TABLE 44: Argentina Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 45: Argentina Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • BRAZIL
    • TABLE 46: Brazil Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 47: Brazil Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • MEXICO
    • TABLE 48: Mexico Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 49: Mexico Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • REST OF LATIN AMERICA
    • TABLE 50: Rest of Latin America Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 51: Rest of Latin America Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • MIDDLE EAST
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
    • TABLE 52: Middle East Recent Past, Current & Future Analysis for Milk by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2023 through 2030 and % CAGR
    • TABLE 53: Middle East Historic Review for Milk by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
    • TABLE 54: Middle East 16-Year Perspective for Milk by Geographic Region - Percentage Breakdown of Volume Production for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2014, 2024 & 2030
  • IRAN
    • TABLE 55: Iran Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 56: Iran Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • ISRAEL
    • TABLE 57: Israel Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 58: Israel Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • SAUDI ARABIA
    • TABLE 59: Saudi Arabia Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 60: Saudi Arabia Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • UNITED ARAB EMIRATES
    • TABLE 61: UAE Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 62: UAE Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • REST OF MIDDLE EAST
    • TABLE 63: Rest of Middle East Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 64: Rest of Middle East Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR
  • AFRICA
    • Milk Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
    • TABLE 65: Africa Recent Past, Current & Future Analysis for Milk by Segment - Milk - Independent Analysis of Annual Production in Thousand Tonnes for the Years 2023 through 2030 and % CAGR
    • TABLE 66: Africa Historic Review for Milk by Segment - Milk Markets - Independent Analysis of Annual Production in Thousand Tonnes for Years 2014 through 2022 and % CAGR

IV. COMPETITION

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