The global other dairy products and eggs market size was valued at USD 121.7 billion in 2020 and expected to expand at a compound annual growth rate (CAGR) of 3.4% from 2021 to 2028. The increasing consumption of dairy products & eggs such as powdered milk, curd and raising awareness about the benefits of dairy products in emerging economies is propelling the market growth. Moreover, the growing health consciousness among the consumer and rising focus on nutritious food are propelling market growth.
The government of several countries has implemented various policies and schemes that are favorable for the growth of the dairy industry. For instance, the Animal Husbandry and Dairying Department of the Indian government has announced a comprehensive plan named ‘National Action Plan for Dairy Development: Vision 2022’, which foresees strengthening milk production and developing additional milk processing infrastructure in major milk-producing areas. Moreover, as part of COVID-19 support measures, the Indian government has announced Animal Husbandry Infrastructure Development Fund worth 1,990 USD million with an interest subsidy scheme to support private investment in dairy processing.
The rising preference for premium dairy products is expected to accelerate market growth over the forecast period. Furthermore, various manufacturers are investing in new innovative dairy products to cater to the demand for immunity-boosting products across the globe. In addition, the consumers’ are spending more on dairy and value-added products due to enhanced lifestyles which has significantly accelerated market growth. However, climate change and adverse weather conditions remain major threats to the dairy processing industry.
The COVID 19 pandemic had suspended the transportation services of other dairy products and eggs for a short duration in many countries. Closure of the restaurant and commercial activities, and various restrictions on the movement of the people have disrupted or stopped the supply chain of essential products by measures arising from COVID-19 restrictions. The increasing demand for curd, and preserved powder milk after the COVID pandemic has created opportunities for the market players. Thus, the market has expected to accelerate a healthy market growth rate in the upcoming years.
The offline channels segment dominated the market for other dairy products and eggs and accounted for the largest revenue share of more than 80.0% in 2020. The offline segment includes hypermarkets and supermarkets, convenience stores, specialty stores, retail stores, etc. Consumers are preferring offline channels for purchasing goods, grocery as well as other dairy products and eggs, and food products, where they can physically verify product quality.
The online segment is expected to register the fastest CAGR of 4.5% from 2021 to 2028. The internet penetration rate has witnessed lucrative growth in recent years, which is accelerating the market growth of this segment. Moreover, an upsurge in product sales through various company-owned websites and e-commerce platforms is expected to propel the growth of the online distribution channel segment during the forecast period.
The curd segment dominated the market for other dairy products and eggs and accounted for the largest revenue share of more than 25.0% in 2020. The segment is expected to expand at a CAGR of 3.6% from 2021 to 2028. The rising demand for curd from health-conscious people owing to the high content of calcium, vitamin D, proteins, and phosphorus is accelerating demand in this segment. Moreover, the affordable price of the product will lead to increased consumption which in turn will boost revenue generation.
The preserved and powdered milk segment is expected to witness the fastest CAGR of 4.0% from 2021 to 2028. The increasing demand for powdered milk owing to its long storage life and versatility combine to make it very cost-effective which will drive the growth of this segment over the forecast timeline. Moreover, the growing number of working professionals across the globe and the increasing adoption of ready-to-eat food products from the consumer are some major factors that are driving the market for other dairy products and eggs.
Asia Pacific dominated the global other dairy products and eggs market and accounted for a revenue share of over 30.0% in 2020 due to changing lifestyles, rising urbanization, and growing disposable income. The increasing consumer awareness and acceptance regarding convenience and affordable dairy products is an important factor in the growth of the market. Furthermore, the increasing consumption of these products in developing countries like China, India, and Japan owing to the presence of a huge population and increasing awareness towards a healthy diet will further drive the regional demand over the forecast timeframe.
In Europe, the market for other dairy products and eggs is expected to witness a CAGR of 3.9% from 2021 to 2028. The increasing consumption of cream and other products in European countries is expected to drive the growth of the market. Additionally, the increasing demand for preserved and value-added dairy products in this region is propelling market growth.
The market for other dairy products and eggs is fragmented with the presence of various established market players and suppliers of other dairy products & eggs across the globe. Some of them are Arla Foods amba, Nestle, GCMMF, Fonterra Co-operative Group, and The Kraft Heinz coupled with numerous domestic players. Various manufacturers and suppliers are focusing on the development of innovative packaging, new product launch, logistic development, and strengthening of the distribution channel to grow their business. Such initiatives will boost the adoption rate of the product among consumers around the globe. Some of the prominent players in the other dairy products and eggs market include:
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Report Attribute |
Details |
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Market size value in 2021 |
USD 1,25,285.2 million |
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Revenue forecast in 2028 |
USD 1,57,846.2 million |
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Growth Rate |
CAGR of 3.4% from 2021 to 2028 |
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Base year for estimation |
2020 |
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Historical data |
2017 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Product, distribution channel, region |
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Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
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Country scope |
U.S.; Germany; U.K.; France; China; India; Japan; Brazil; South Africa |
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Key companies profiled |
Arla Foods amba; Nestle; GCMMF; Fonterra Co-operative Group; The Kraft Heinz Company; Danone S.A; Royal FrieslandCampina; Dairy Farmers of America, Inc.; DMK Group; Meiji Holdings Co., Ltd.; Cal-Maine Foods; Proteína Animal S.A. |
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Customization scope |
Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional, and segment scope. |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global other dairy products and eggs market report on the basis of product, distribution channel, and region:
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