Dairy

Dairy Market Outlook

The global dairy market is projected to reach approximately USD 1.2 trillion by 2035, growing at a CAGR of 5.0% from 2025 to 2035. The primary factors driving this growth include the increasing demand for dairy products due to rising health consciousness among consumers, the expanding population, and the growing trend of consumption of dairy as a source of protein and essential nutrients. Furthermore, the dairy industry is witnessing technological advancements in production and logistics, which are enhancing efficiency and ensuring better quality control. The popularity of plant-based alternatives is also influencing traditional dairy producers to innovate and diversify their product offerings, which is critical for attracting new consumer segments. Additionally, the evolving dietary preferences worldwide are leading to a shift in the consumption patterns of dairy products.

Growth Factor of the Market

The dairy market is witnessing significant growth driven by several key factors. One of the primary growth drivers is the increasing health awareness among consumers, leading to greater demand for nutrient-rich dairy products. This trend is complemented by the rise in disposable incomes, particularly in emerging economies, where consumers are willing to spend more on high-quality dairy products. Innovations in product development, such as lactose-free and fortified dairy options, are also fueling market expansion, as they cater to a wider consumer base. Moreover, the growing e-commerce sector is revolutionizing the distribution of dairy products, making them more accessible to consumers across various locations. Lastly, supportive government policies and initiatives aimed at boosting the dairy sector contribute positively to market growth.

Key Highlights of the Market

• The global dairy market is expected to grow at a CAGR of 5.0% from 2025 to 2035.
• Increased health consciousness is driving demand for nutrient-rich dairy products.
• Technological advancements in production are enhancing efficiency and quality.
• The rise of e-commerce is improving accessibility to dairy products.
• Government initiatives are supporting the growth of the dairy sector worldwide.

By Product Type

Milk:

Milk stands as one of the most consumed dairy products globally, accounting for a significant portion of the dairy market. The rise in health awareness has led to an increased demand for various types of milk, including whole, skim, and fortified milk. The incorporation of flavors and nutritional enhancements in milk products has made them more appealing, particularly to younger consumers. Additionally, plant-based milk alternatives are gaining traction, prompting conventional milk producers to innovate to retain their market share. The growing popularity of organic milk, driven by health-oriented consumers, is also influencing market trends, pushing dairy companies to expand their organic milk offerings.

Cheese:

Cheese is a versatile dairy product that has seen a surge in demand due to its widespread use in culinary applications, from pizzas to salads. The cheese segment is characterized by diversity, with a plethora of varieties such as cheddar, mozzarella, and gouda available in the market. Consumer preferences are shifting towards artisanal and gourmet cheeses, providing opportunities for niche producers to thrive. Furthermore, the growing trend of snacking is boosting the demand for cheese-based snacks, thereby expanding the market significantly. The increasing consumption of cheese in emerging markets is also contributing to the overall growth of this segment.

Yogurt:

Yogurt has gained popularity due to its health benefits, including probiotics, which promote gut health. The rise in demand for healthy snacks has led to an increase in yogurt consumption, particularly among health-conscious consumers. Innovations in yogurt products, such as Greek yogurt and plant-based yogurts, have diversified the offerings available in the market, catering to vegan and lactose-intolerant consumers. Additionally, yogurt's versatility as an ingredient in various dishes is enhancing its appeal, making it a staple in many households. The demand for flavored yogurts is also on the rise, allowing for further segmentation within this product category.

Butter:

Butter remains a staple cooking ingredient and has seen a resurgence in popularity due to the rise of low-carb and ketogenic diets, which emphasize high fat consumption. The market for butter is innovating with options such as clarified butter and organic butter, meeting the demands of health-conscious consumers. The increasing trend of home-cooking has also contributed to a higher demand for butter as a key ingredient in various recipes. Additionally, butter spreads are gaining traction, offering consumers variety and convenience. The rise of artisanal and gourmet butter products is providing further growth opportunities within this segment.

Ice Cream:

Ice cream is a beloved treat worldwide, and its market is characterized by continuous innovation in flavors, textures, and health-focused alternatives. The growing trend toward premium ice creams and artisanal brands is reshaping consumer preferences, with consumers willing to pay more for high-quality ingredients and unique flavor profiles. The rise in the popularity of non-dairy ice creams is also influencing market dynamics, catering to a growing segment of consumers seeking lactose-free or plant-based options. Seasonal flavors and limited-edition releases are further driving consumer interest and sales, making ice cream a dynamic and evolving segment of the dairy market.

By Application

Food & Beverage:

The food and beverage sector is the largest application segment for dairy products, encompassing a variety of uses from cooking to direct consumption. The integration of dairy products such as cheese, milk, and yogurt into various cuisines enhances flavors and nutritional value. An increasing focus on healthy eating is driving the demand for dairy products that are rich in protein and vitamins, making them ideal for a balanced diet. Additionally, the rise in meal kits and ready-to-eat meals that incorporate dairy items is further stimulating this segment’s growth. The versatility of dairy products allows for their use in a range of food applications, making them indispensable in both household and commercial kitchens.

Bakery:

The bakery segment has emerged as a significant application of dairy products, with butter and milk being key ingredients in many baked goods. The continuous growth of the bakery industry, driven by consumer demand for fresh bread, pastries, and cakes, is positively impacting the dairy sector. Dairy ingredients enhance the texture, flavor, and nutritional profile of baked goods, making them more appealing to consumers. There is also a growing trend towards clean-label products that use natural dairy ingredients, driving innovation in the bakery sector. The increasing popularity of artisanal baked goods, which often highlight high-quality dairy ingredients, is further bolstering this application segment.

Confectionery:

The confectionery industry is another important application for dairy products, with chocolate and cream being essential components in many sweet treats. Dairy adds creaminess and richness to confections, enhancing flavor and overall consumer experience. The demand for premium chocolates and sweets that contain high-quality dairy ingredients is driving this segment's growth, as consumers increasingly seek indulgent experiences. Moreover, the trend toward health-conscious snacking is leading to the development of lower-calorie and healthier options that incorporate dairy, offering consumers a guilt-free indulgence. This dual trend of indulgence and health consciousness is fostering innovation within the confectionery application of dairy products.

Dairy Products:

The dairy products application segment encompasses a wide array of items such as cheese, yogurt, and cream, all of which play a crucial role in various culinary applications. This segment has been growing steadily, driven by the increasing consumer inclination towards dairy as a source of protein and other essential nutrients. The rise of functional dairy products, which offer additional health benefits, is further boosting demand. The emphasis on natural and organic dairy products is also becoming a significant trend as consumers become more aware of the importance of clean eating. As a result, manufacturers are focusing on product innovation and quality to meet the evolving tastes of consumers in this segment.

Others:

Other applications of dairy products include their use in health supplements, baby food, and other specialized health products. These applications cater to specific consumer needs, such as nutritional support for infants and adults, and are gaining popularity as awareness of health and wellness increases. The growing trend of functional foods is driving demand for dairy products that can provide additional health benefits, such as fortified milk or probiotic yogurt. Furthermore, as the aging population becomes increasingly health-conscious, the demand for dairy in specialized products for elderly nutrition is expected to rise, creating additional growth opportunities within this segment.

By Distribution Channel

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets are among the most significant distribution channels for dairy products, providing consumers with a wide range of options under one roof. This channel benefits from high foot traffic and offers effective merchandising strategies, making dairy products easily accessible to consumers. The availability of various brands and products allows consumers to make informed choices based on their preferences and needs. Additionally, many supermarkets are enhancing their dairy sections by including organic, lactose-free, and specialty products, catering to the diverse demands of modern consumers. The growing trend of one-stop shopping continues to favor this distribution channel, ensuring its significant role in the dairy market.

Convenience Stores:

Convenience stores are increasingly gaining prominence as a distribution channel for dairy products, driven by the demand for quick and easy access to essential items. These stores offer a limited yet strategically selected range of dairy products that appeal to on-the-go consumers. The rise of busy lifestyles has resulted in a growing trend toward purchasing smaller quantities of dairy items, making convenience stores a popular choice. Furthermore, the introduction of ready-to-eat dairy snacks, such as yogurt cups and cheese sticks, is enhancing the appeal of convenience stores for health-conscious consumers. As urbanization continues to rise, this distribution channel is expected to play a crucial role in the dairy market.

Online Retail:

The online retail sector has emerged as a transformative distribution channel for dairy products, driven by technological advancements and changing consumer behavior. The convenience of ordering products from home has led to a significant increase in online dairy sales, particularly during the COVID-19 pandemic. Consumers are increasingly looking for the ease of purchasing fresh dairy items and are drawn to the variety of offerings available online. Online retailers are also investing in cold chain logistics to ensure product quality and freshness, which is essential for dairy products. As e-commerce continues to expand, it is likely to become an increasingly important channel for dairy distribution, allowing for greater market reach and accessibility.

Specialty Stores:

Specialty stores focusing on high-quality and unique dairy products have gained traction as consumers seek out artisanal and gourmet options. These stores often carry a curated selection of premium dairy items, such as organic milk, gourmet cheeses, and specialty yogurts, appealing to discerning consumers. The growing trend of supporting local producers has also contributed to the popularity of specialty stores that emphasize local and sustainable dairy products. As consumers continue to prioritize quality over quantity, specialty stores are positioning themselves as valuable players in the dairy market, offering unique products that cannot be found in traditional retail outlets.

Others:

Other distribution channels for dairy products include food service outlets such as restaurants, cafes, and catering services, where dairy ingredients are integral to many menu items. The growing trend of gourmet and artisanal food experiences has boosted the demand for high-quality dairy in these establishments. Additionally, institutional channels like schools and hospitals are also important for the dairy market, providing essential nutrition through dairy products. The diversification of distribution channels allows for greater market penetration and accessibility of dairy products to a broader consumer base, catering to various needs and preferences.

By Ingredient Type

Cow Milk:

Cow milk dominates the dairy market due to its widespread availability and versatility in culinary applications. Rich in essential nutrients such as calcium, protein, and vitamins, cow milk is a staple in many households. The increasing consumer awareness of the health benefits of cow milk has led to a surge in its consumption globally. Moreover, innovations in cow milk production, including lactose-free and fortified variants, are catering to the needs of lactose-intolerant consumers. The continued emphasis on natural and organic cow milk options is also driving growth in this segment, as more consumers seek quality sources of dairy.

Goat Milk:

Goat milk is gaining popularity as a nutritious alternative to cow milk, especially among consumers with lactose intolerance or sensitivity to cow milk. Rich in essential fatty acids and proteins, goat milk is often perceived as more digestible and healthier. The increasing trend of consuming specialty and organic products is boosting the demand for goat milk, as consumers look for high-quality, natural alternatives. Furthermore, goat milk is widely used in the production of various cheese types, further enhancing its market appeal. As awareness of the benefits of goat milk continues to rise, this segment is expected to experience steady growth.

Sheep Milk:

Sheep milk, though less common than cow and goat milk, is recognized for its rich nutritional profile and creamy texture. It contains higher levels of fat and protein compared to cow milk, making it an excellent choice for cheese production. The growing interest in artisanal and gourmet foods is driving the demand for sheep milk cheeses and other specialty products. Additionally, sheep milk is often sought after for its potential health benefits, including higher calcium and vitamin content. As consumers become more curious about diverse dietary options, the sheep milk segment is positioned for growth in the coming years.

Buffalo Milk:

Buffalo milk is primarily consumed in certain regions and is known for its rich flavor and creamy texture. It is particularly popular in South Asia and Mediterranean countries, where it is used to produce various traditional dairy products like mozzarella and paneer. The rising demand for authentic ethnic foods is driving the growth of buffalo milk in international markets. Additionally, the increasing consumer preference for high-fat dairy products is bolstering the appeal of buffalo milk, which has a higher fat content than cow or goat milk. As globalization continues, the buffalo milk segment is expected to expand its reach and consumer base.

Others:

Other ingredient types in the dairy market include various specialty milk sources such as camel milk and plant-based alternatives. Camel milk has gained interest due to its unique nutritional profile and perceived health benefits, such as lower lactose content, making it appealing to lactose-intolerant consumers. Plant-based alternatives, including almond, soy, and oat milk, are also playing a significant role in the dairy landscape as consumers shift towards plant-focused diets. The diversity of ingredient types in the dairy market is expanding, catering to a wide range of dietary needs and preferences, and providing consumers with more choices than ever before.

By Region

The North American dairy market is characterized by a strong demand for both traditional and innovative dairy products. The region is projected to account for approximately 30% of the global dairy market by 2035, driven by consumer preferences for high-protein and nutrient-rich dairy options. The United States, in particular, stands out as a significant contributor to this market, with a growing emphasis on organic and lactose-free products. The North American dairy market is expected to grow at a CAGR of 4.5% during the forecast period, with increased health awareness and innovative product offerings leading the charge.

In Europe, the dairy market is experiencing steady growth, reflecting a rich tradition of dairy consumption across countries such as France, Germany, and Italy. The European dairy sector is projected to hold approximately 28% of the global market share by 2035. The region is witnessing a surge in the popularity of artisanal and specialty dairy products, with consumers increasingly seeking high-quality and authentic offerings. The trend toward health-oriented products, including reduced-fat and fortified dairy items, is also shaping the European market landscape. With a projected CAGR of 4.2%, Europe is expected to maintain its status as a key player in the global dairy market.

Opportunities

The global dairy market presents significant opportunities for growth, particularly through product innovation and diversification. As consumer preferences shift towards health-focused options, dairy manufacturers have the chance to develop new products that cater to emerging trends. For instance, the rising demand for lactose-free and plant-based dairy alternatives presents an opportunity for traditional dairy brands to innovate and expand their product lines. Additionally, the growing interest in functional foods, which provide health benefits beyond basic nutrition, allows dairy companies to explore fortified products that can enhance consumer well-being. Emphasizing sustainability in sourcing and production practices also creates opportunities to attract environmentally conscious consumers.

Moreover, expanding distribution channels, especially in emerging markets, offers significant opportunities for dairy companies. As urbanization progresses and middle-class populations grow, the demand for dairy products is expected to rise. Companies that effectively tap into e-commerce and online retail channels will enhance their market reach and cater to the evolving shopping habits of consumers. Additionally, partnerships with food service operators and culinary establishments present opportunities to introduce innovative dairy products into new culinary applications, further driving market growth. The combination of these factors creates a favorable environment for expanding and diversifying the dairy market.

Threats

Despite the promising growth prospects, the dairy market faces several threats that could impede progress. One of the primary threats is the rising popularity of plant-based alternatives, which pose a challenge to traditional dairy products. With an increasing number of consumers choosing vegan or lactose-free lifestyles, dairy producers might experience declining sales in certain segments. Additionally, fluctuating milk prices due to supply chain disruptions, weather conditions, and changing regulations can impact profitability for dairy producers. The ongoing challenge of ensuring product quality and safety can also pose a threat, particularly with increasing consumer scrutiny regarding the nutritional content and sourcing of dairy products.

Another significant threat to the dairy market is the increasing health concerns associated with excessive dairy consumption, such as lactose intolerance and concerns over saturated fat content. This shift in consumer perception may lead to a decline in demand for certain dairy products. Furthermore, regulatory changes aimed at promoting healthier eating habits may impact the dairy industry, necessitating adjustments in product formulations and marketing strategies. In this competitive landscape, dairy companies must navigate these challenges effectively to maintain their market position and ensure sustainable growth.

Competitor Outlook

• Nestlé S.A.
• Danone S.A.
• Unilever PLC
• Lactalis Group
• Fonterra Co-operative Group
• Arla Foods
• Saputo Inc.
• FrieslandCampina
• PepsiCo Inc.
• General Mills Inc.
• Kraft Heinz Company
• Hilmar Cheese Company
• Stonyfield Farm, Inc.
• Chobani LLC
• Bel Group

The competitive landscape of the dairy market is characterized by the presence of several large multinational corporations as well as smaller, niche players. Major companies such as Nestlé and Danone dominate the market due to their extensive product offerings and robust distribution networks. These companies are focusing on innovation and expanding their product lines to include healthier and more specialized options, catering to the evolving preferences of health-conscious consumers. The competition is further intensified by the rise of plant-based alternatives, prompting traditional dairy producers to diversify their offerings and adapt to changing trends. Companies with strong brand recognition and commitment to sustainability are likely to thrive in this competitive environment.

Moreover, the emphasis on research and development is pivotal for sustaining competitive advantage in the dairy market. Companies are investing in exploring new formulations, alternative ingredients, and technologies that enhance production efficiency and product quality. For instance, Lactalis and Fonterra are leveraging their expertise in cheese production to innovate and introduce premium cheese varieties that appeal to gourmet consumers. Similarly, companies like Chobani are focusing on the growing yogurt segment by offering probiotic-rich and lactose-free options, which cater to specific dietary needs while capitalizing on health trends. The ability to adapt and innovate in response to consumer demands will play a significant role in shaping the competitive dynamics of the dairy market.

Furthermore, partnerships and collaborations are increasingly being utilized by dairy companies to strengthen their market position and expand their product reach. For instance, Unilever has been actively acquiring smaller, niche brands to enhance its portfolio and cater to specific consumer segments. Similarly, Arla Foods has engaged in strategic partnerships with retailers to promote its organic and sustainability-focused dairy products, appealing to environmentally conscious consumers. As competition intensifies, the ability to forge strategic relationships and leverage synergies will be crucial for dairy companies aiming to maintain their market share and drive growth in this dynamic landscape.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Bel Group
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Arla Foods
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Chobani LLC
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Danone S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Saputo Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 PepsiCo Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Unilever PLC
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Lactalis Group
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 FrieslandCampina
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 General Mills Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Nestlé S.A.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Kraft Heinz Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Hilmar Cheese Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Stonyfield Farm, Inc.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Fonterra Co-operative Group
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Dairy Market, By Application
    • 6.1.1 Food & Beverage
    • 6.1.2 Bakery
    • 6.1.3 Confectionery
    • 6.1.4 Dairy Products
    • 6.1.5 Others
  • 6.2 Dairy Market, By Product Type
    • 6.2.1 Milk
    • 6.2.2 Cheese
    • 6.2.3 Yogurt
    • 6.2.4 Butter
    • 6.2.5 Ice Cream
  • 6.3 Dairy Market, By Ingredient Type
    • 6.3.1 Cow Milk
    • 6.3.2 Goat Milk
    • 6.3.3 Sheep Milk
    • 6.3.4 Buffalo Milk
    • 6.3.5 Others
  • 6.4 Dairy Market, By Distribution Channel
    • 6.4.1 Supermarkets/Hypermarkets
    • 6.4.2 Convenience Stores
    • 6.4.3 Online Retail
    • 6.4.4 Specialty Stores
    • 6.4.5 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Dairy Market by Region
  • 10.2 Europe - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 UK
      • 10.2.1.2 France
      • 10.2.1.3 Germany
      • 10.2.1.4 Spain
      • 10.2.1.5 Italy
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Dairy market is categorized based on

By Product Type

• Milk
• Cheese
• Yogurt
• Butter
• Ice Cream

By Application

• Food & Beverage
• Bakery
• Confectionery
• Dairy Products
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Specialty Stores
• Others

By Ingredient Type

• Cow Milk
• Goat Milk
• Sheep Milk
• Buffalo Milk
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Nestlé S.A.
• Danone S.A.
• Unilever PLC
• Lactalis Group
• Fonterra Co-operative Group
• Arla Foods
• Saputo Inc.
• FrieslandCampina
• PepsiCo Inc.
• General Mills Inc.
• Kraft Heinz Company
• Hilmar Cheese Company
• Stonyfield Farm, Inc.
• Chobani LLC
• Bel Group