Milk

Global Milk Market to Reach 1.1 Billion Tonnes by 2030

The global market for Milk estimated at 979.4 Million Tonnes in the year 2024, is expected to reach 1.1 Billion Tonnes by 2030, growing at a CAGR of 2.2% over the analysis period 2024-2030.

The U.S. Market is Estimated at 263.7 Million Tonnes While China is Forecast to Grow at 3.4% CAGR

The Milk market in the U.S. is estimated at 263.7 Million Tonnes in the year 2024. 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 2024-2030. 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.

SCOPE OF STUDY:

The report analyzes the Milk market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Segment (Milk)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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