The global outlook for a number of dairy categories over the next few years is very bright


That’s the predicted compound annual growth rate (CAGR) for yogurt globally from 2017 to 2023. Driving growth are yogurt’s associated potential health benefits, including weight loss. Additional drivers are growth in the retail market and some yogurt varieties’ low lactose content.


Source: “Yogurt Market by Type — Global Opportunity Analysis and Industry Forecast, 2017-2023,” Allied Market Research, Portland, Ore.


That’s the CAGR growth rate forecast for the global lactose-free food market between 2017 and 2021. Fueling growth here are rising levels of lactose intolerance among population segments.

lactose free

Source: “Global Lactose-free Food Market 2017-2021,” Research and Markets, Dublin.

$86.9 billion

That’s the value the global dairy ingredients market — including whey ingredients, milk protein powders and more — is expected to reach in 2024. Factors such as an aging population, more health issues and increased awareness about the benefits of food products rich in nutrition are expected to benefit the overall market.

dairy ingredients

Source: “Dairy Ingredients Market Size & Forecast Report, 2013-2014,” Grand View Research, San Francisco.

$89.5 billion

That’s the value the global ice cream market is expected to reach by 2023, recording an anticipated CAGR of 4.9% from 2018 to 2023. A rise in income, along with increased demand for sweet dishes, is forecast to drive growth in this market.

ice cream

Source: “Ice Cream Market —- Growth, Trends and Forecasts, 2018-2023,” Mordor Intelligence, Hyderabad, India.