The healthy hydrating refreshment of cool, nutritious, and delicious milk will never go out of style. The dairy milk market was valued at $15.58 billion in 2023, growing at a compound annual growth rate (CAGR) of 2.4%, while overall unit sales slipped 3.1% to 4.49 billion units for the 52 weeks ending Aug. 13, 2023, data from Chicago-based market research firm Circana states.
A multitude of dairy products — yogurt, ice cream, kefir, butter, sour cream, and cheese — are 100% reliant on the calcium and vitamin D found in milk along with the farmers and dairy companies supplying this pivotal ingredient.