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The Dairy Product Production industry is a crucial component of the economy of the Republic of Ireland, with Irish dairy exports the largest single food export category. Industry revenue is anticipated to grow at a compound annual rate of 4.3% for the five years through to 2026, supported by strong export demand. However, fluctuations in global milk prices have been a major determinant of industry performance, with the global milk shortage causing dairy prices to surge in 2022 and then crash in 2023 when supply returned. This has led to substantial volatility in both revenue and profit.
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IBISWorld's research coverage on the Dairy Product Production industry in Ireland includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released January 2026.
The Dairy Product Production industry in Ireland operates under the SIC industry code C10.500IE. Operators in this industry manufacture dairy products such as liquid milk, cream, butter, yogurt, cheese and dry, condensed and evaporated milk. Operators supply these goods to a variety of market segments such as retailers, wholesale and food services. Producers of dairy products such as ice cream and frozen yogurt are also included in the industry. Related terms covered in the Dairy Product Production industry in Ireland include pasteurisation, sustainable dairy assurance scheme and farm-gate price.
Products and services covered in Dairy Product Production industry in Ireland include Liquid milk, Cheese and Butter.
Companies covered in the Dairy Product Production industry in Ireland include Lakeland Dairies, Ornua Group and Dairygold Co-Operative Society Ltd.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Dairy Product Production industry in Ireland.
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.
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Dairy Product Production industry in Ireland.
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.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Dairy Product Production industry in Ireland.
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.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Dairy Product Production industry in Ireland. 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.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Dairy Product Production industry in Ireland. 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.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Dairy Product Production industry in Ireland. 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.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Dairy Product Production industry in Ireland. 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.
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 Dairy Product Production industry in Ireland.
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The market size of the Dairy Product Production industry in Ireland is €8.5bn in 2026.
There are 168 businesses in the Dairy Product Production industry in Ireland, which has grown at a CAGR of 2.2 % between 2021 and 2026.
The Dairy Product Production industry in Ireland is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
The Dairy Product Production industry in Ireland is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
The market size of the Dairy Product Production industry in Ireland has been growing at a CAGR of 4.3 % between 2021 and 2026.
Over the next five years, the Dairy Product Production industry in Ireland is expected to grow.
The biggest companies operating in the Dairy Product Production industry in Ireland are Lakeland Dairies, Ornua Group and Dairygold Co-Operative Society Ltd
Butter and Cheese are part of the Dairy Product Production industry in Ireland.
The company holding the most market share in the Dairy Product Production industry in Ireland is Lakeland Dairies.
The level of competition is high and increasing in the Dairy Product Production industry in Ireland.