The first evidence of dairy consumption dates back over six thousand years, and today dairy products are enjoyed all over the world. Over the past couple millennia there has been an incredible amount of creativity and innovation when it comes to processing, fermenting, and consuming dairy products. In 2022, the value of the dairy market worldwide was estimated to be about 893 billion U.S. dollars, which is projected to grow to 1,243 billion dollars by 2028.
As charming as they were, the days of small family owned dairy farms are long gone, and now enormous corporations such as Dairy Farmers of America control significant shares of the global dairy market. Nestlé Group, one of the largest food and drink companies in the world, earned about 11 billion Swiss francs from milk product sales in 2022, making dairy the fifth largest product category for the multinational giant.
This text provides general information. Statista assumes no
liability for the information given being complete or correct.
Due to varying update cycles, statistics can display more up-to-date
data than referenced in the text.