Milk Market Report 2026

Milk Market Overview

• Milk market size has reached to $789.51 billion in 2025 • Expected to grow to $1094.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.7% • Growth Driver: The Surge In Dairy Product Demand Propelling Global Milk Market Growth • Market Trend: Strategic Partnerships Driving The Launch Of Hybrid Dairy-Plant Milk For Sustainable Consumption • Asia-Pacific was the largest region in 2025.

What Is Covered Under Milk Market?

Milk is a nutritious liquid produced by mammals, rich in proteins, fats, and minerals, and is essential for early mammalian growth. It is widely consumed by humans and used to make various dairy products. The main product types of milk are skimmed milk powder, liquid milk, whey protein, butter, infant nutrition, and others. Skim milk refers to the milk in which the milk fat has been removed, it has less than 0.15% fat contained in it. The various animal sources include cows, sheep, buffalo, goats, and other sources. These are distributed through various distribution channels such as convenience stores, supermarkets and hypermarkets, online, and others.

What Is The Milk Market Growth Forecast?

The milk market size is expected to see strong growth in the next few years. It will grow to $1094.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising preference for protein-rich diets, increasing demand for functional dairy beverages, growing investment in dairy processing technologies, expanding online retail distribution, higher focus on sustainable dairy production. Major trends in the forecast period include rising demand for nutrient-rich dairy products, growing preference for organic and specialty milk varieties, expansion of value-added dairy product consumption, increasing focus on milk quality and safety standards, greater emphasis on efficient cold chain and distribution systems.

Global Milk Market Segmentation

1) By Product: Skimmed Milk Powder, Liquid Milk, Whey Protein, Butter, Infant Nutrition, Other Products 2) By Animal sources: Cows, Sheep, Buffalo, Goats, Other Sources 3) By Distribution: Convenience Stores, Supermarkets And Hypermarkets, Online, Other Distribution Channels Subsegments: 1) By Skimmed Milk Powder: Whole Skimmed Milk Powder, Instant Skimmed Milk Powder 2) By Liquid Milk: Whole Milk, Low-Fat Milk, Flavored Milk, Organic Milk 3) By Whey Protein: Whey Protein Concentrate, Whey Protein Isolate, Hydrolyzed Whey Protein 4) By Butter: Salted Butter, Unsalted Butter, Clarified Butter (Ghee) 5) By Infant Nutrition: Infant Formula, Follow-On Formula, Toddler Milk 6) By Other Products: Cheese, Cream, Yogurt

What Is Driver Of The Milk Market?

The growing demand for dairy products is expected to propel the growth of the milk market going forward. Dairy products refer to milk-based foods such as butter, cheese, ice cream, yogurt, and condensed and dried milk. Milk is a primary source for producing various dairy products and providing nutrition, as a result, the growing demand for dairy products increases the demand for milk. For instance, in January 2025, according to Stats NZ (Tatauranga Aotearoa), a New Zealand-based government data agency, in 2024, exports of milk powder, butter, and cheese reached NZ$2.4 billion ($2.4B), a 39% increase or NZ$689 million ($0.69B) higher than in 2023. Therefore, the growing demand for dairy products drives the growth of the milk industry.

Key Players In The Global Milk Market

Major companies operating in the milk market are Danone SA, Arla Foods Amba, China Mengniu Dairy Company Limited, Land O’Lakes Inc., Meiji Holdings Co. Ltd., Almarai Company, Royal Friesland Campina NV, Armor Proteines SAS, Dairy Farmers of America Inc., Fonterra Co-operative Group Ltd., Foremost Farms USA Cooperative, Glanbia plc, Groupe Lactalis SA, Gujarat Cooperative Milk Marketing Federation, HP Hood LLC, Inner Mongolia Yili Industrial Group Co. Ltd., Kerry Group plc, Nestle SA, Lactalis Group SA, Saputo Inc., Dairy Farmers of Canada, Dairy Farmers of Ontario, California Dairies Inc., Agropur Cooperative, Anand Milk Union Limited

Global Milk Market Trends and Insights

Major companies in the milk market are increasingly forming strategic partnerships to deliver products that maintain the familiar taste and nutritional profile of regular milk while reducing environmental impact through lower carbon emissions and resource use compared to conventional dairy. For example, in June 2025, Albert Heijn, a Netherlands-based supermarket chain, partnered with Farm Dairy, a Netherlands-based food-tech company, and PlanetDairy, a Denmark-based food-tech company, to launch the first hybrid dairy and plant milk blends in the Netherlands. These innovative products combine traditional dairy with plant-based ingredients, offering consumers the same taste and nutrition as regular milk while promoting sustainability. Produced using PlanetDairy’s precision fermentation technology, the milks are sold under Albert Heijn’s private label at a competitive price of around €1.39 per liter. This initiative highlights the growing shift toward sustainable dairy alternatives and supports the flexitarian and eco-conscious market segment. The collaboration also plans to expand into hybrid yogurts, positioning Albert Heijn as a pioneer in sustainable dairy innovation within Dutch retail.

What Are Latest Mergers And Acquisitions In The Milk Market? Hatsun Agro Acquired Milk Mantra To Strengthen Presence In Eastern India’s Dairy Market

In January 2025, Hatsun Agro Product Limited, an India-based dairy company, acquired Milk Mantra Dairy Private Limited for an undisclosed amount. With this acquisition, Hatsun Agro Product Limited’s aim is a strategic expansion to strengthen its presence in the fast-growing dairy market of Eastern India, particularly Odisha. Milk Mantra Dairy Private Limited is an Indian-based company that manufactures and sells milk and milk products.

Regional Outlook

Asia-Pacific was the largest region in the milk market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Milk Market?

The milk market consists of sales of full-fat, toned, and mixed milk. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Milk Market Report 2026?

The milk market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the milk industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.