Learn about the global dairy food market through The Business Research Company, which provides information on dairy food market size, dairy food market drivers and restraints, dairy food market players, the COVID-19 impact on the dairy food market, and more.     

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The global dairy food market is expected to grow from $675.78 billion in 2020 to $722.14 billion in 2021 at a compound annual growth rate (CAGR) of 6.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The dairy food market is expected to reach $956.26 billion in 2025 at a CAGR of 7%.

The growing demand for organic products offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the market during the forecast period.

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The dairy food market consists of sales of dairy products by entities (organizations, sole traders and partnerships) that produce dairy products from raw milk and processed milk products, produce dry, condensed, concentrated and evaporated dairy, and/or produce some dairy substitute products. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The dairy food market is segmented into milk and butter, cheese, dry, condensed, and evaporated dairy products and ice cream and frozen dessert.

Global dairy food market segments include:

By Type: Milk And Butter, Cheese, Dry, Condensed, And Evaporated Dairy Products, Ice Cream And Frozen Dessert

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global dairy food market, accounting for 42% of the market in 2020.

The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles or other items that continuously exchange data and provide insights about a process or system. This technology is being used to track ingredients being used in products. Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation.

TBRC’s dairy food market report covers:

Major Market Players: Nestle, Dairy Farmers of America, Fonterra Group Cooperative Limited, Danone, Arla Foods.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Dairy Food Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides dairy food market overviews, analyses and forecasts market size, share, dairy food market players, dairy food market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s dairy food market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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