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Market volume of Global Milk Segment, 2018 - 2025 (Million Kilograms)

  • The Global Milk Segment registered a Market volume of 132,425.66 Million Kilograms in 2021

  • The indicator recorded a historical growth (CAGR) of 2.44% between 2018 to 2021, and is expected to grow by...

  • GlobalData projects the indicator to grow at a CAGR of...

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Market volume of Global Milk Segment, 2018 - 2025 (Million Kilograms)

Published: Dec 2021
Source: GlobalData

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Global milk segment overview 

The dairy market consists of retail sales of butter and spreadable fats, cheese, cream, dairy-based and soy-based desserts, drinkable yogurt, milk, soymilk and soy drinks, yogurt, and fromage frais and quark. 

Market analysis of global milk segment 

The global dairy market registered moderate growth during the review period. Market growth is expected to accelerate over the forecast period. Increasing disposable income and rapid urbanization are the primary factors supporting market growth. Rising health consciousness among consumers is fueling the demand for lactose-free products such as butter, yogurts, and cheese. Asian countries such as Indonesia, China, and India registered robust growth, which supported the strong growth of the global dairy market. Notably, in 2019, Asia-Pacific accounted for the largest share of the global dairy market at a significant percentage. 

Who are the leading players in this dairy market? 

French company Danone Group is the leading player in the global dairy market, accounting for a significant percentage of the market's value in 2019, and is expected to retain its lead position in the coming years. The company has a strong foothold in the yogurt segment. 

French company Groupe Lactalis is the second-largest player in the global dairy market, accounting for an adequate percentage of the market's value in 2019. The company has a strong foothold in the cheese and cream segments, where it accounted for moderate percentages of each segment's value, respectively, in 2019.  

Chinese company Yili Group is the third-largest player in the global dairy market, accounting for a significant percentage of the market's value in 2019. The company has a strong foothold in the drinkable yogurt segment, where it accounted for a fair percentage of the segment's value in 2019. 



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