The world market of dairy products will reach $1 trillion in a few years

Published 2024년 10월 1일

Tridge summary

The global dairy market experienced a 5.9% growth between 2018 and 2023, reaching a revenue of $638.31 billion, as reported by Infagro. This growth is attributed to a rise in consumer demand for various dairy products, including butter, cheese, yogurt, milk, and dairy desserts. Global consumption of these products increased to 195.95 billion kg in 2023, growing at a annual rate of 1.3%, despite competitive pressures. The market's growth prospects remain strong due to continuing consumption and demand for a variety of dairy products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This growth is due to an increase in market revenue last year — $638.31 billion, which means a growth of 5.9% between 2018 and 2023, Infagro writes. The continued expansion of the market is driven by the growing consumer demand for various dairy products, including butter, cheese, yogurt, milk and dairy desserts. In 2023, the global consumption of dairy products was 195.95 billion kg, with an average annual growth rate of 1.3% from 2018 to 2023. "Key players in the global dairy market continue to face ...

Source: AgroPortal.ua