Latin America Dairy Products Market

Latin America Dairy Products Market Size (2024 to 2029)

The size of the dairy products market in Latin America was valued at USD 16.04 billion in 2023. The Latin American market is estimated to grow at a CAGR of 8.09% from 2024 to 2029 and be worth USD 73.43 billion by 2029 from USD 49.77 billion in 2024.

Dairy foods and beverages are an essential part of our diets, and they have been witnessing tremendous demand and are expected to continue to do so over the forecast period. As several manufacturers have been addressing the needs of the health-conscious populace worldwide, a number of low-fat, lactose-free, and cholesterol-free dairy products have entered the market.

The absence of strict regulatory frameworks and the increasing volume of funds from private and public sectors have been stimulating the growth of the global market for dairy products. The flourishing agriculture and animal husbandry industry in several regions of the world has been responsible for the growing production of milk products. The rising number of convenience stores, supermarkets, department stores, and hypermarkets across the world has also been promoting the growth of the market. A plethora of products offered by numerous brands have been flooding the market. 

This research report on the Latin American dairy products market has been segmented and sub-segmented based on the following categories.

Latin America Dairy Products Market - By Type

• Lactose-Free Milk
• Cream and Frozen
• Cheese
• Yogurt
• Butter
• Buttermilk
• Ice Cream
• Others

Latin America Dairy Products Market - By Application

• Frozen Food
• Bakery and Confectionery
• Clinical Nutrition

Latin America Dairy Products Market - By Country

• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America

Latin America is likely to register a high growth rate. It houses Brazil, the world’s second-largest dairy herd after India. Argentina, Peru, Venezuela, Uruguay, and Mexico are also slated for considerable growth.

KEY PLAYERS IN THE MARKET

Companies playing a notable role in the Latin American dairy products market include Arla Foods UK Plc, Nestle SA, Amul, Fonterra Group Cooperative Limited, Dairy Farmers of America Inc., Kraft Foods, Inc., Megmilk Snow Brand Co. Ltd., Danone, Parmalat S.P.A, Meiji Dairies Corp, Dean Foods Company, Sancor Cooperativas Unidas Limited, Unilever N, Parmalat S.P.A, Royal FrieslandCampina N.V. and Groupe Lactalis SA.