GITNUX MARKETDATA REPORT 2024

Global Dairy Industry Statistics

The global dairy industry is a significant contributor to the food industry, with high production levels in major regions and a growing demand for dairy products worldwide.

With sources from: statista.com, fao.org, nddb.org, marketresearch.com and many more

Statistic 1

The global milk powder market is projected to grow at a CAGR of 4.5% during the period 2020-2025.

Statistic 2

The global demand for butter has increased, leading to production of over 10 million metric tons in 2020.

Statistic 3

The global ice cream market reached over USD 62 billion in 2019.

Statistic 4

The U.S. is the largest consumer of dairy products, with an average consumption of 653 pounds per capita per year.

Statistic 5

The global dairy alternatives market size was valued at USD 20.5 billion in 2020.

Statistic 6

The Asia-Pacific region is anticipated to witness the highest growth rate in the dairy market between 2020 and 2027.

Statistic 7

Organic dairy sales increased by 9% in the United States in 2020.

Statistic 8

India is the world's largest milk producer, with an annual production of 186 million metric tons in 2019.

Statistic 9

Brazil is the fourth-largest milk producer in the world, with a production of 35 billion liters in 2019.

Statistic 10

China’s dairy market share grew by 5.3% annually from 2014 to 2019.

Statistic 11

Europe is the largest producer of milk, contributing about 33% of the world's total production.

Statistic 12

Milk production worldwide has increased from 515 million metric tons in 2000 to 837.9 million metric tons in 2018.

Statistic 13

By 2027, the global dairy market is expected to grow to USD 798.38 billion.

Statistic 14

The global cheese market was valued at over USD 70 billion in 2019.

Statistic 15

Global yogurt market size was valued at USD 74.52 billion in 2020.

Statistic 16

The consumption of alternative dairy products, such as plant-based milk, rose by 19% globally in 2020.

Statistic 17

Australia’s dairy export value was AUD 3.2 billion in 2020.

Statistic 18

Lactose-free dairy sales increased by 13% in 2020 in North America.

Statistic 19

The global dairy industry was valued at approximately USD 481.7 billion in 2019.

Statistic 20

New Zealand exports 95% of its dairy production, which was valued at about NZD 17.8 billion in 2019.

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In this post, we will explore the latest statistics and trends in the global dairy industry. From the growth projections of milk powder to the changing preferences in dairy alternatives, the industry continues to evolve in response to shifting consumer demands and economic landscapes. Join us as we delve into key insights and data points shaping the world of dairy production and consumption across different regions.

Statistic 1

"The global milk powder market is projected to grow at a CAGR of 4.5% during the period 2020-2025."

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Statistic 2

"The global demand for butter has increased, leading to production of over 10 million metric tons in 2020."

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Statistic 3

"The global ice cream market reached over USD 62 billion in 2019."

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Statistic 4

"The U.S. is the largest consumer of dairy products, with an average consumption of 653 pounds per capita per year."

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Statistic 5

"The global dairy alternatives market size was valued at USD 20.5 billion in 2020."

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Statistic 6

"The Asia-Pacific region is anticipated to witness the highest growth rate in the dairy market between 2020 and 2027."

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Statistic 7

"Organic dairy sales increased by 9% in the United States in 2020."

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Statistic 8

"India is the world's largest milk producer, with an annual production of 186 million metric tons in 2019."

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Statistic 9

"Brazil is the fourth-largest milk producer in the world, with a production of 35 billion liters in 2019."

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Statistic 10

"China’s dairy market share grew by 5.3% annually from 2014 to 2019."

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Statistic 11

"Europe is the largest producer of milk, contributing about 33% of the world's total production."

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Statistic 12

"Milk production worldwide has increased from 515 million metric tons in 2000 to 837.9 million metric tons in 2018."

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Statistic 13

"By 2027, the global dairy market is expected to grow to USD 798.38 billion."

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Statistic 14

"The global cheese market was valued at over USD 70 billion in 2019."

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Statistic 15

"Global yogurt market size was valued at USD 74.52 billion in 2020."

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Statistic 16

"The consumption of alternative dairy products, such as plant-based milk, rose by 19% globally in 2020."

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Statistic 17

"Australia’s dairy export value was AUD 3.2 billion in 2020."

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Statistic 18

"Lactose-free dairy sales increased by 13% in 2020 in North America."

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Statistic 19

"The global dairy industry was valued at approximately USD 481.7 billion in 2019."

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Statistic 20

"New Zealand exports 95% of its dairy production, which was valued at about NZD 17.8 billion in 2019."

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Interpretation

The global dairy industry continues its upward trajectory, with various segments experiencing notable growth and market value increases. From the steady rise of milk powder consumption to the surge in butter demand and the flourishing markets for ice cream, dairy alternatives, and organic dairy products, the industry is diversifying and expanding rapidly. Major players like the U.S., India, and China are demonstrating significant production and consumption volumes, while regions like Asia-Pacific show promising growth potential. As consumption habits evolve and consumer preferences shift towards healthier and more sustainable options, the industry is adapting by offering lactose-free and plant-based products to meet changing demands. With projections pointing towards substantial market growth in the coming years, the global dairy sector is poised for further expansion and innovation.

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