Market Size of north america dairy Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 138.87 Billion |
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Market Size (2029) | USD 166.12 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2024 - 2029) | 3.65 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Dairy Market Analysis
The North America Dairy Market size is estimated at 138.87 billion USD in 2024, and is expected to reach 166.12 billion USD by 2029, growing at a CAGR of 3.65% during the forecast period (2024-2029).
138.87 Billion
Market Size in 2024 (USD)
166.12 Billion
Market Size in 2029 (USD)
2.11 %
CAGR (2017-2023)
3.65 %
CAGR (2024-2029)
Largest Market by Category
36.37 %
value share, Cheese, 2023
Product consistency, surge in regional production and increasing cheese use in different cuisines are some of the major factors influencing the higher cheese consumption.
Largest Market by Country
77.14 %
value share, United States, 2023
Higher purchasing power, the inclusion of dairy products in most of their consumption patterns, and high productivity are some of the major factors driving the Untied States market.
Fastest-growing Market by Category
4.42 %
Projected CAGR, Milk, 2024-2029
Increasing public-private funding and investments in dairy farming along with technological advancements in the industry are largely catering to the growth of milk market.
Fastest-growing Market by Country
5.06 %
Projected CAGR, Canada, 2024-2029
Dairy demand in Canada is projected to increase with an increase in production throughout the forecast period. This increase is due to the growing demand for fresh dairy.
Leading Market Player
6.67 %
market share, The Kraft Heinz Company, 2022
Kraft Heinz Company held the largest market share while mainly focusing on product development as a growth strategy. It has been ramping up its existing range of dairy products.
Availability of clean label products is enhancing the growth of retailing unit in North America
- The North American distribution channel witnessed a growth of 2.16% in 2022 compared to 2021. The growth was attributed to the popularity and availability of clean-label products in dairy segments, such as cheese, yogurt, and milk. These clean-label dairy products are free from artificial ingredients, including artificial colors, flavors, and preservatives. These retailers also offer a wide variety of dairy products of various brands. This dairy market is expected to rise by 8.81% in 2025 due to the increasing demand for distribution channels in North America.
- Supermarkets and hypermarkets have larger spaces and shelves to store their products. As a result, under the off-trade retailing modes, supermarkets and hypermarkets dominate the country's overall distribution channel by holding a share of 51.32%. Some of these supermarkets and hypermarkets nationwide are Walmart, Target, Kroger, Amazon, Costco Wholesale Corporation, Albertsons Companies, Ahold Delhaize USA, and Publix Super Markets Inc. These retailers provide dairy products at varied prices (low, medium, and high). The base selling price of sour milk in the United States is USD 2.68 to as high as USD 50.
- In North America, consumers majorly prefer out-of-home consumption. In 2022, around 23.1 million individuals consumed food outside at least once a week. The total number of restaurants in the United States was estimated at 101,811 in 2021. As a result, on-trade retailing modes gained popularity during 2018-2021. In North America's on-trade retailing mode, the milk industry held the largest share of 65.84% compared to other dairy product industries in 2022. During 2025-2028, on-trade consumption is expected to increase by 4.5% due to the rising demand for out-of-home consumption.
Understand The Key Trends Shaping This Market
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Increasing awareness regarding benefits of dairy consumption is promoting the market growth
- The dairy industry in the North American region witnessed a growth of 2.98% in 2022 compared to 2021. The growth was observed due to the rising consciousness about health, as dairy products offer a significant volume of essential nutrients. One cup of milk offers 3.4 grams of protein, 5 grams of carbohydrates, 0.6 grams of saturated fat, and other nutrients. This has increased people's interest in dairy products as they seek to maintain a healthy diet. Thus, the dairy industry is expected to grow by 3.2% in 2024.
- In the North American region, the United States dominates the dairy industry. In 2022, the United States held a share of 70.08%. In January 2023, 150,174 convenience stores were operating in the United States, a rise of 1.5% from the 2022 store count, which helped consumers to purchase dairy products.
- Canada held a share of 18.85%. Texas has the most convenience stores with 16,018 stores, while California follows with 12,000 stores. Some of the famous stores in the North American region are Walmart, Amazon, Kroger, and Target. These stores offer a wide variety of dairy products in the market.
- Mexico held a share of 51.02% in 2022. In 2020, there are 33 supermarket chains, with 3,227 stores, 2,365 department stores, and 53,793 specialized stores nationwide. Informal establishments, such as mobile street vendors and open public markets, cover 50% of the retail market. Dairy products are also available at varied prices (low, medium, and high). The base selling price of packaged milk is USD 1.72, which goes as high as USD 50.5. The availability of these products at various price ranges promotes buying power among the population.
