Dairy Foods Market Size to Record 6.12% CAGR Over 2025-2032; Culture of Dairy Consumption in Developed Countries to Bolster Market Progress

The global dairy foods market size was valued at USD 947.11 billion in 2024. The market is projected to grow from USD 1,005.84 billion in 2025 to USD 1,524.65 billion by 2032, exhibiting a CAGR of 6.12% during the forecast period.

Fortune Business Insights™ presents this information in its latest report titled “Dairy Foods Market Size, Share & COVID-19 Impact Analysis By Source (Cattle, Sheep, Goat, and Camel), By Type (Lactose and Lactose-Free), By Product Type (Milk, [Powder, and Liquid], Cheese, Butter, Dessert, Yogurt, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online Retail), and Regional Forecast, 2025– 2032”.

The functions of the dairy food sector typically include production and preparation of milk for sale, and manufacturing of milk-based items. Many products, such as ice creams, cheeses, spreads, and yogurts are being increasingly consumed across the world due to increasing awareness about their health benefits and vast variety. This factor is predicted to accelerate the dairy foods market growth.

Disruptions in Supply Chain During COVID-19 Pandemic Slowed Market Growth

The COVID-19 outbreak had an adverse impact on several sectors, including dairy foods, due to the imposition of lockdowns and several movement & trade restrictions. This scenario forced manufacturers in the dairy foods industry to shut down their operations temporarily, which delayed the production and sales of dairy products. This factor further declined the market growth.

Culture of Dairy Consumption in Developed Countries to Bolster Market Progress

Many dairy foods, such as milk-based desserts, cheese, butter, and others hold a lot of cultural significance in North American economies, such as Canada, the U.S., and Mexico. Moreover, many European countries include dairy products, such as cheese in their cuisines as the region is one of the largest cheese producers. Such high cultural importance of dairy products will boost their production in these regions in the coming years.

On the contrary, shift in the preference of the consumers towards plant-based alternatives to hamper the market growth.

Dairy Farmers of America Acquired Two ESL Processing Plants From SmithFoods

Dairy Farmers of America revealed that it had acquired two Extended Shelf-Life (ESL) processing plants from SmithFoods. The two facilities are located in Pacific, Montreal, and Richmond, Indiana. These plants became a part of the DFA’s division of dairy brands and function as Pacific Dairy Solutions and Richmond Beverage Solutions.

Key Companies to Develop Unique Dairy Products to Increase Market Dominance

This market consists of several local and international manufacturers, with the number of local players exceeding that of international ones. Many local companies are trying to increase their business operations in new countries by launching dairy products that come in unique flavors and colors. They are also entering various partnership and collaboration agreements introduce new milk-based products and increase their market dominance.

Notable Industry Development:

• May 2023: Aavin, a state government co-operative, launched a new range of milk products fortified with vitamins A and D. The company stated that the new products were launched to estimate the demand for fortified milk products in the market.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/dairy-foods-market-103890

List of the Companies Profiled in the Report:

• Fonterra Co-operative Group Limited (New Zealand)
• Arla Foods Group (Denmark)
• Friesland Campina (Netherlands)
• Unilever Plc (U.K.)
• Danone S.A. (France)
• Lactalis International (France)
• Nestle S.A. (U.S.)
• Dairy Farmers of America, Inc. (U.S.)
• GCMMF (India)
• The Kraft Heinz Company (U.S.)

Further Report Findings

• Asia Pacific dominated the global dairy foods market share in 2024 as the region’s dairy sector is growing at a strong pace due to the growing consumption of milk and related products. A vast majority of the regional population knows about the benefits of consuming milk, such as improved bone health, better immunity, and many others. This factor will also play an important role in increasing the production and sales of dairy products in the region.
• Europe is emerging as the second-largest milk producer in the world as the region has a vast and diverse portfolio of milk-based products. The region has also introduced strict standards to ensure that the dairy foods are safe to consume. Moreover, there is a lot of cultural significance attached to dairy products, such as cheese, which is why it is an integral part of European cuisines. These factors are expected to speed up the regional market growth.
• Based on product type, the milk segment is holding a dominant share of the market as the product is widely consumed by people of all ages across the world. Moreover, milk is known to offer several health benefits, such as high quantities of vitamins & minerals, especially calcium. Milk is also a multi-purpose product as it can be used to make both savory and sweet foods, which is expected to fuel the segment’s growth.

Table of Segmentation