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Global Milk & Cream Manufacturing Industry Data and Analysis
Global dairy producers are in the throes of transformation, witnessing a shift driven by changing consumer preferences and technological advancements. A significant trend has emerged with the growing demand for plant-based milk alternatives, sparking challenges for traditional dairy producers. The global plant-based milk market is booming and companies like Danone and Nestlé are expanding into this dynamic market segment. Meanwhile, the average global producer enjoys a more stable milk price environment after a roller-coaster ride in recent years resulting from demand surges and supply disruptions. Risk management is becoming essential for producers to navigate volatility in feed costs, which remain a pressing concern because of unpredictable natural and geopolitical events. Revenue has been climbing at a CAGR of 4.0% since 2020. It's slated to hike 2.3% in 2025 alone, reaching $894.5 million.
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What's included in this industry analysis
IBISWorld's research coverage on the Global Milk & Cream Manufacturing industry includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Global Milk & Cream Manufacturing industry operates under the industry code C1111-GL. This industry comprises operators that are mainly engaged in grading, filtering and chilling fresh liquid whole milk or cream. Operators are also involved in manufacturing, bottling or cartoning pasteurized liquid whole milk; flavored liquid whole or skim milk; liquid skim milk; liquid standardized milk; milk powder; cream; sour cream; or buttermilk. Related terms covered in the Global Milk & Cream Manufacturing industry include powdered milk, probiotics and pasteurization.
What's included in this industry?
Products and services covered in Global Milk & Cream Manufacturing industry include Fluid milk, Powder milk and Cream and other.
What companies are included in this industry?
The Global Milk & Cream Manufacturing industry is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Global Milk & Cream Manufacturing industry.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Global Milk & Cream Manufacturing industry.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Global Milk & Cream Manufacturing industry.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Global Milk & Cream Manufacturing industry. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Global Milk & Cream Manufacturing industry. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Global Milk & Cream Manufacturing industry. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Global Milk & Cream Manufacturing industry. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Global Milk & Cream Manufacturing industry.
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Frequently Asked Questions
What is the market size of the Global Milk & Cream Manufacturing industry in 2026?
The market size of the Global Milk & Cream Manufacturing industry is $901.8bn in 2026.
How many businesses are there in the Global Milk & Cream Manufacturing industry in 2025?
There are 9,504 businesses in the Global Milk & Cream Manufacturing industry, which has grown at a CAGR of 3.7 % between 2020 and 2025.
How may import tariffs affect the Global Milk & Cream Manufacturing industry?
The Global Milk & Cream Manufacturing industry is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Global Milk & Cream Manufacturing industry?
The Global Milk & Cream Manufacturing industry is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Global Milk & Cream Manufacturing industry grown or declined over the past 5 years?
The market size of the Global Milk & Cream Manufacturing industry has been growing at a CAGR of 4.1 % between 2020 and 2025.
What does the Global Milk & Cream Manufacturing industry include?
Pasteurized milk manufacturing (except canned) and Flavored liquid whole or skim milk manufacturing are part of the Global Milk & Cream Manufacturing industry.
How competitive is the Global Milk & Cream Manufacturing industry?
The level of competition is moderate and steady in the Global Milk & Cream Manufacturing industry.
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