How big is the milk market | Growth & Size Insights 2025

Code: MTA7313 Publication Date: Aug 2025

How big is the milk market?

According to 6Wresearch internal database and industry insights, the Global Milk Market was valued at USD 950 Billion in 2024 and is expected to reach USD 1280 Billion by 2031, growing at a compound annual growth rate of 4.60% during the forecast period (2025-2031).

The market is being driven by the growing demand for dairy-based nutrition worldwide, government-sponsored dairy development programs, and rising consumption of value-added milk products.

Growth Factors for Milk Market

  • The growth of the foodservice industries and the popularity of milk-based beverages are driving up demand.
  • Technological advancements in pasteurization, packaging, and milk preservation are increasing shelf life and boosting distribution effectiveness.
  • Supportive government policies, subsidies, and dairy cooperatives ensure stable production and farmer income in the major milk-producing countries.
  • Milk consumption has increased in both developed countries which as a result of growing awareness of its nutritional advantages.
  • Urban and rural consumers now have better access to packaged milk thanks to the growth of e-commerce platforms.

Milk Market Trends

The milk market is seeing a shift toward organic, lactose-free, and fortified milk options as consumer preferences change. Sustainable farming methods, smart packaging, and traceability systems are becoming more and more common. Consumer preferences are changing in urban markets due to premiumization and the emergence of flavored and plant-blended milk substitutes. Automation and digital technologies are also revolutionizing dairy farming operations, increasing yield and consistency of supply.

Emerging Developments in the Milk Market

Lab-tested A2 milk is becoming more and more popular because of its alleged health benefits, according to recent developments in the milk market. Investments in automated milking systems, blockchain-enabled tracking tools, and robotic milkers are increasing transparency and operational efficiency. Startups are innovating in two areas direct-to-home cold chain logistics and reusable packaging. Furthermore, consumers who are concerned about their health are starting to purchase hybrid milk.

List of Leading Companies in the Milk Market

Below is a comprehensive list of the leading market players driving growth in this sector-

1. Meiji Holdings Co., Ltd.

Company NameMeiji Holdings Co., Ltd.
Established Year2009
HeadquartersTokyo, Japan
Official WebsiteClick Here

Provides value-added milk products and focuses on health-conscious dairy innovation.

2. Arla Foods amba

Company NameArla Foods amba
Established Year2000
HeadquartersViby, Denmark
Official WebsiteClick Here

Supplies organic and conventional milk products through co-operative dairy farming systems.

3. Saputo Inc.

Company NameSaputo Inc.
Established Year1954
HeadquartersMontreal, Canada
Official WebsiteClick Here

Leading processor of fluid milk and flavored milk beverages in North America and beyond.

4. Dean Foods Company

Company NameDean Foods Company
Established Year1925
HeadquartersDallas, United States
Official WebsiteClick Here

Offers branded milk and dairy beverages with nationwide distribution in the U.S.

5. Royal FrieslandCampina N.V.

Company NameRoyal FrieslandCampina N.V.
Established Year2008
HeadquartersAmersfoort, Netherlands
Official WebsiteClick Here

Serves international markets with premium quality milk, infant formula, and dairy drinks.

6. Fonterra Co-operative Group Limited

Company NameFonterra Co-operative Group Limited
Established Year2001
HeadquartersAuckland, New Zealand
Official WebsiteClick Here

Exports milk powders, fluid milk, and cheese; one of the largest dairy exporters worldwide.

How big is the milk market : FAQs

The milk market is projected to reach USD 1280 Billion by 2031.
The milk market is projected to grow at a compound annual growth rate of 4.60% during the forecast period.
Fortified milk, lactose-free variants, organic milk, and flavored milk are key growth drivers.
Automation, smart farming, and cold chain logistics are ensuring the quality, safety, and scalability of milk delivery.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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