The Latest Global Dairy Industry Statistics Explained
Global dairy market revenue was estimated around 718.9 billion U.S. dollars in 2020.
The statistic that the global dairy market revenue was estimated around 718.9 billion U.S. dollars in 2020 represents the total monetary value generated from the sale of dairy products worldwide during that year. This figure encompasses revenues generated from various dairy products such as milk, cheese, butter, yogurt, and others. The substantial revenue amount reflects the significant scale and economic importance of the dairy industry on a global level. Factors influencing this revenue include consumer demand, production volumes, price fluctuations, export/import activities, and overall market dynamics within the dairy sector. This statistic serves as a key indicator of the dairy market’s size and economic contribution to the global food industry.
The global dairy products market size was valued at USD 686.18 billion in 2019.
The statistic “The global dairy products market size was valued at USD 686.18 billion in 2019” indicates the total monetary value of the dairy products market worldwide in the year 2019. This figure represents the total revenue generated from various dairy products sold across different regions around the world during that year. The market size is an important metric for assessing the economic significance and scale of the dairy industry on a global scale, providing insights into the consumption patterns, demand trends, and overall market dynamics within the dairy products sector. This statistic serves as a key indicator for stakeholders, policymakers, and investors interested in understanding the financial performance and growth potential of the dairy products market.
In 2020, the United States was the largest producer of cow milk worldwide, with a volume of 100 million metric tons.
In 2020, the United States emerged as the leading producer of cow milk worldwide, boasting a remarkable volume of 100 million metric tons. This statistic highlights the significant role of the US in the global dairy industry, showcasing the country’s dominance in cow milk production. The sheer magnitude of this volume underscores the robust agricultural practices and infrastructure within the United States, contributing to its status as a major player in the international dairy market. This statistic not only demonstrates the scale of cow milk production in the US but also underscores the country’s economic influence and agricultural prowess on a global scale.
New Zealand was the world’s largest supplier of dairy products, at 3.47 million metric tons in 2020.
New Zealand’s status as the world’s largest supplier of dairy products in 2020, with a production volume of 3.47 million metric tons, indicates the country’s significant role in the global dairy industry. This statistic highlights New Zealand’s strong dairy sector, which is renowned for its high-quality products and efficiency in production. The country’s ability to consistently meet global demand for dairy products demonstrates its competitiveness and expertise in the sector. The statistic reflects New Zealand’s importance as a key player in the international dairy market, contributing to its reputation as a major dairy exporter and showcasing its economic significance in the agricultural industry.
The global dairy alternatives market is expected to reach USD 45.12 billion by 2027.
This statistic indicates the projected market size for dairy alternatives by the year 2027, with an expected value of USD 45.12 billion. The market for dairy alternatives includes products such as plant-based milk, cheese, yogurt, and ice cream, which cater to consumers seeking plant-based, lactose-free, or vegan-friendly options. Factors driving the growth of this market may include increasing awareness of health and environmental concerns, shifting consumer preferences towards plant-based diets, and advancements in food technology leading to improved taste and texture of dairy alternative products. The forecasted increase in market size reflects the growing demand for dairy alternatives worldwide and signifies potential opportunities for companies operating in this industry.
In 2018, India’s dairy industry grew by 6.4%, surpassing the global average of 1.8%.
The statistic highlights the significant growth of India’s dairy industry compared to the global average in 2018. With a growth rate of 6.4%, India outpaced the global average of 1.8%, indicating a strong performance and increasing importance of the country in the dairy market. This growth signifies a thriving dairy industry in India, potentially driven by factors such as increased demand for dairy products, improvements in technology and infrastructure, and government support. The statistic showcases India as a key player in the global dairy market and emphasizes its potential for further expansion and development in the future.
China accounts for 34% of global dairy product imports.
The statistic “China accounts for 34% of global dairy product imports” means that China is responsible for importing approximately one-third of all dairy products that are traded internationally. This points to the significant impact that China has on the global dairy market, both as a major consumer and a key player in the importation of dairy products. The high percentage share indicates the substantial demand for dairy products in China, likely driven by factors such as population growth, changing dietary preferences, and increasing urbanization. This statistic underscores China’s important role in shaping global dairy trade patterns and market dynamics.
Consumption of dairy products in Asian countries is expected to grow at a CAGR of 5.6% over 2020-2027.
The statistic indicating a compound annual growth rate (CAGR) of 5.6% for the consumption of dairy products in Asian countries over the period of 2020-2027 suggests a steady and substantial increase in the demand for dairy products in the region. This growth rate implies that the consumption of dairy products is expected to rise consistently by an average of 5.6% each year over the seven-year period. Factors contributing to this growth could include increasing disposable incomes, changing dietary preferences, urbanization leading to a shift towards more processed foods, and rising awareness of the nutritional benefits of dairy products. This projection can be valuable for businesses operating in the dairy industry to anticipate and plan for potential market opportunities and challenges in Asian countries during the specified timeframe.
Cheese led the global dairy market with a share of 33.6% in 2019.
The statistic indicates that cheese held the largest portion of the global dairy market in 2019, accounting for 33.6% of the total market share. This suggests that cheese was the most dominant dairy product in terms of consumption and sales worldwide during that year. This information is valuable for stakeholders in the dairy industry, such as producers, marketers, and policymakers, as it highlights the significant role that cheese played in the market landscape. It also signifies the strong demand for cheese among consumers globally, making it a key product for businesses to focus on in order to capitalize on its popularity and market potential.
Liquid milk constitutes about 75.3% of total dairy consumption worldwide.
The statistic ‘Liquid milk constitutes about 75.3% of total dairy consumption worldwide’ indicates that the consumption of liquid milk, such as cow’s milk, is the dominant component in overall dairy consumption globally. This suggests that the majority of dairy products consumed by people around the world are in the form of liquid milk. This statistic highlights the significant role that liquid milk plays in the dairy industry and underscores its widespread popularity and consumption compared to other dairy products such as cheese, yogurt, and butter.
By 2024, the global dairy products market is expected to reach USD 645.8 billion.
The statistic “By 2024, the global dairy products market is expected to reach USD 645.8 billion” indicates the projected value of the dairy products industry on a global scale in the year 2024. This statistic implies significant growth and demand for dairy products worldwide, likely driven by several factors such as population growth, increasing disposable income, changing dietary preferences, and emerging markets. The market size of USD 645.8 billion suggests a robust dairy industry with various products including milk, cheese, yogurt, butter, and more, playing a vital role in the global food and beverage sector. This statistic serves as a key indicator for stakeholders, policymakers, and businesses operating in the dairy industry to make informed decisions and strategic plans for the future.
Ice cream production in the U.S. reached more than 872 million gallons in 2018.
The statistic “Ice cream production in the U.S. reached more than 872 million gallons in 2018” implies that a substantial quantity of ice cream was manufactured and likely consumed within the United States during that year. This statistic suggests a high demand for ice cream in the country, reflecting a popular and widely enjoyed dessert choice among American consumers. The large volume of production also indicates a significant industry presence and economic activity related to the manufacturing and distribution of ice cream products. The statistic serves as a measure of both consumption patterns and the scale of production within the U.S. ice cream market in 2018.
Over the past 30 years, global trade of milk and dairy reached 83 million metric tons in 2019.
The statistic that global trade of milk and dairy reached 83 million metric tons in 2019 over the past 30 years indicates a significant increase in the international exchange of these products. This growth suggests a rising demand for milk and dairy products globally, likely driven by factors such as population growth, changing dietary preferences, and increasing disposable incomes. The steady increase in trade volume also implies a strong and expanding dairy industry that is actively engaging in international markets to meet the evolving needs of consumers worldwide. This statistic highlights the importance of the dairy sector in the global economy and the increasing interconnectedness of markets in the dairy industry over the past three decades.
Organic dairy product sales in the United States amounted to about $6 billion in 2019.
The statistic on organic dairy product sales in the United States amounting to about $6 billion in 2019 indicates the significant economic impact and consumer demand for organic dairy products within the country during that year. This figure represents the total value of sales generated by organic dairy products, which are produced without the use of synthetic pesticides, hormones, or genetically engineered ingredients, aligning with consumer preferences for healthier and more environmentally friendly food choices. The $6 billion revenue suggests a growing market for organic dairy products as consumers increasingly prioritize sustainability, health, and animal welfare concerns in their purchasing decisions, reflecting a shift towards more conscious consumption patterns in the dairy industry.
In 2019, Australians consumed on average 102.4 liters of milk per capita.
The statistic “In 2019, Australians consumed on average 102.4 liters of milk per capita” indicates the average amount of milk each individual in Australia consumed over the course of the year. This statistic provides a quantitative measure of the overall milk consumption habits of the Australian population during the specified time period. It suggests that, on average, Australians consumed a significant amount of milk, which can have implications for factors such as dietary habits, nutritional intake, and the dairy industry in the country. This statistic can also be used for comparisons with data from other countries or tracking changes in milk consumption patterns over time within Australia.
The European Union is the leading exporter of cheese, with over 8 million tons produced in 2019.
The statistic indicates that the European Union (EU) is the primary entity responsible for exporting cheese globally, demonstrating its significant role in the cheese production industry. The production of over 8 million tons of cheese in 2019 signifies the EU’s substantial capacity to meet international demand and maintain a competitive advantage in the market. This statistic not only highlights the EU’s dominance in the cheese export market but also emphasizes the importance of the EU as a major player in the global food trade industry, showcasing its economic influence and contribution to the world economy.
In 2018, Canada produced 8.88 million metric tons of milk.
The statistic “In 2018, Canada produced 8.88 million metric tons of milk” indicates the total volume of milk output in Canada for the year. This information provides insight into the country’s dairy industry and agricultural sector, highlighting the significant milk production capacity within the country. The volume of milk produced is a crucial indicator of the country’s self-sufficiency in dairy products, as well as its potential for exports. Analyzing trends in milk production can offer valuable information for policymakers, stakeholders, and researchers in understanding the overall health and performance of the Canadian dairy sector.
Germany processed around 31.3 million metric tons of raw milk in 2020.
The statistic indicates that in 2020, Germany processed approximately 31.3 million metric tons of raw milk. This figure represents the total amount of raw milk that was collected and processed by dairies and other milk processing facilities in Germany during that year. Processing raw milk typically involves pasteurization, homogenization, and various other steps to produce products such as milk, cheese, yogurt, and butter for consumption. The volume of raw milk processed is a key indicator of the dairy industry’s production capacity and economic activity in Germany, highlighting the importance of milk processing as a significant sector within the country’s agricultural and food processing industries.
Conclusion
The global dairy industry is a vital component of the agricultural sector, with significant economic and nutritional implications worldwide. By analyzing the statistics and trends within this industry, we can better understand the challenges and opportunities it presents. Whether it’s the evolving consumer preferences, trading relationships, or sustainability concerns, staying informed on the latest dairy industry statistics is essential for stakeholders to make informed decisions for the future.
References
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