PUBLISHER: MarketLine | PRODUCT CODE: 1175377
PUBLISHER: MarketLine | PRODUCT CODE: 1175377
Global Dairy industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The dairy market consists of retail sales of butter & spreadable fats, cheese, cream, dairy-based & soy-based desserts, drinkable yogurt, fromage frais & quark, milk, milk alternatives (grain, nut, rice, seed alternatives), soymilk & soy drinks, yogurt. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 exchange rates.
The global dairy market had total revenues of $594,992.3m in 2021, representing a compound annual growth rate (CAGR) of 5.0% between 2016 and 2021.
Market consumption volume increased with a CAGR of 2.5% between 2016 and 2021, to reach a total of 208,865.0 million kilogram in 2021.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 6.5% for the five-year period 2021 - 2026, which is expected to drive the market to a value of $818,343.8m by the end of 2026.