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South America Dairy Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The South America Dairy Market is segmented by Category (Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt), by Distribution Channel (Off-Trade, On-Trade) and by Country (Argentina, Brazil). Market Value in USD and Volume are both presented. Key Data Points observed include Per capita consumption; Population; and Dairy production.

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South America Dairy Market Size

South America Dairy Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 54.12 Billion
svg icon Market Size (2029) USD 70.45 Billion
svg icon Largest Share by Distribution Channel Off-Trade
svg icon CAGR (2024 - 2029) 5.42 %
svg icon Largest Share by Country Brazil
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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South America Dairy Market Analysis

The South America Dairy Market size is estimated at 54.12 billion USD in 2024, and is expected to reach 70.45 billion USD by 2029, growing at a CAGR of 5.42% during the forecast period (2024-2029).

54.12 Billion

Market Size in 2024 (USD)

70.45 Billion

Market Size in 2029 (USD)

3.89 %

CAGR (2017-2023)

5.42 %

CAGR (2024-2029)

Largest Market by Category

37.12 %

value share, Milk, 2023

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The milk market in South America is largely been impacted by the support from the government of different countries in the region, by encouraging investment from foreign multinational companies.

Largest Market by Country

62.01 %

value share, Brazil, 2023

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The increased retail purchases of milk, cheese, butter, and other dairy products and increased domestic production, have entitled Brazil as the major dairy consuming country in the region

Fastest-growing Market by Category

6.27 %

Projected CAGR, Yogurt, 2024-2029

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With the advent of functional products, and the emphasis on low-calorie, low-sugar, digestive products, the yogurt segment is anticipated to be the fastest segment in the forecasted period.

Fastest-growing Market by Country

5.63 %

Projected CAGR, Argentina, 2024-2029

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Favorable weather, healthy herds, and improved performance of Argentinian dairy farms boosted milk production thereby, impacting the availability and consumption in the country.

Leading Market Player

6.35 %

market share, Nestl茅 SA, 2022

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The active market activities such as product innovations, strategic moves applied by the company along with the growing portfolio is enabling company to grow in the market.

Widespread adoption of distribution channels, led by remarkable sales through supermarkets and hypermarkets is propelling the growth

  • The off-trade segment dominates the distribution channels of the South American dairy market. In the off-trade segment, consumers prefer buying dairy products majorly from convenience stores, as people get discount coupons for bulk shopping. As a result, convenience stores are considered the primary sales channel for the sales of dairy products, as they hold more than 48.5% of the overall sales across the country.
  • Supermarkets and hypermarkets are the second most widely preferred off-trade distribution channels after convenience stores for purchasing dairy products in South America. In 2022, supermarkets and hypermarkets accounted for 43.9% of the value share.
  • Different supermarket and hypermarket chains like Grupo Exito, Carrefour, Walmart, and Jumbo offer different loyalty benefits to retain consumers. The growth of these retail formats, along with factors like business expansion and the increase in supermarkets and hypermarkets, has positively impacted the purchase of dairy products in South America. In 2021, Grupo Exito stood in the top place with more than 2,600 locations across South America. Carrefour stood in second place and operated more than 1,200 outlets across the region.
  • Dairy products are commonly used in South American restaurants and foodservice channels, which is further boosting the market growth. Major restaurant chains in South America add milk, yogurt, and cheese to their menus. Dairy sales in the on-trade channel are anticipated to grow by 9% in 2025 compared to 2022. The growth is expected to be aided by consumers preferring dining out or ordering takeout.
South America Dairy Market

Brazil and Argentina are the major dairy producing countries of the South America which boost the overall region's volume sales

  • The dairy industry in South America witnessed a growth of 3.24% in 2022. The growth was 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 led to an increased interest in dairy products as people seek to maintain a healthy diet. Thus, the dairy industry is expected to grow by 3.51% during the forecast period.
  • Brazil holds the major share in the South American dairy industry. The rise of long-life milk has transformed the fresh milk industry in Brazil. Nowadays, rather than buying fresh milk every day, consumers purchase 12-liter packs and store them. The fact that many places in Brazil lack refrigeration has also boosted the geographical distribution of long-life milk across the country. In 2021, Brazil imported whey, milk albumin, and casein products worth USD 149 million. However, due to the challenges like high production costs and unpredictable weather and economic conditions, the dairy industry may face some hindrances during the forecast period.
  • Demand for healthy dairy variants such as no or reduced sugar, low-fat content, grass-fed, and organic is anticipated to drive market growth in the region during the forecast period. Between 2018 and 2022, fresh dairy product consumption in Brazil rose by around 7%, reaching almost 76.8 kg per person in 2021. High production of raw milk, rising consumer preference for quality dairy products and adequate industry regulation to facilitate the manufacturing of these products are identified as the key driving factors.

South America Dairy Market Trends

Rising health consciousness among consumers who actively seek protein-rich food products has largely impacted the segment

  • The South American dairy market is primarily driven by rising health consciousness among consumers who actively seek protein-rich food products. Factors such as increasing government-run health and wellness campaigns designed to combat obesity-related problems (diabetes, high blood pressure, and heart disease) encourage consumers to purchase healthier products, directly boosting the consumption of dairy products.
  • Cheese is one of the highest consumed dairy products due to its widespread usage in sandwiches, burgers, pizzas, pasta, etc., Thus, demand for higher-quality, better-tasting, and healthier, wholesome quality cheese has become a point of concern among consumers. For example, Argentine cheese is by far the most-produced dairy product in the country. Argentina is also the prominent Latin American country that consumes the most cheese. Thus, the per capita consumption of cheese is estimated to increase by 2.87% during 2023-2024.
  • Within the South American region, Brazil dominates the overall dairy market with the highest consumption. There are currently an estimated 1,822 dairies in Brazil. In recent years, the production of cheese has increased mainly due to strong demand from household consumers and foodservice/restaurant sectors. In 2023, Brazilians consumed around 6.07 kilograms of cheese per person/year, which is almost more than 30% below the global average (according to the UN Food and Agriculture Organization - FAO), meaning there is much potential for consumption growth.
  • The consumption of dairy products in countries like Peru, Paraguay, Ecuador, and Uruguay is expected to increase at a higher rate during the forecast period due to favorable initiatives from the government.
South America Dairy Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • The increasing processing units with the projection of domestic demand is plunging the production in South America
  • Increased farmgate prices along with high production costs is impacting the milk production
  • Increasing demand for cheese in various food service outlets couples with growth in cheese price is influencing the production

South America Dairy Industry Overview

The South America Dairy Market is fragmented, with the top five companies occupying 21.46%. The major players in this market are Danone SA, Groupe Lactalis, Laticinios Bela Vista Ltda, Mastellone Hermanos SA and Nestl茅 SA (sorted alphabetically).

South America Dairy Market Leaders

  1. Danone SA

  2. Groupe Lactalis

  3. Laticinios Bela Vista Ltda

  4. Mastellone Hermanos SA

  5. Nestl茅 SA

South America Dairy Market Concentration

Other important companies include Alpina Productos Alimenticios SA BIC, Lacteos Betania SA, SanCor Cooperativas Unidas Limitada, Sucesores de Alfredo Williner SA.

*Disclaimer: Major Players sorted in alphabetical order.

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South America Dairy Market News

  • January 2022: Alpina launched Alpina Snacks, a dried cheese snack brand, in Colombia.
  • May 2021: Nestl茅 switched from plastic to paper straws and box covers for its MILO庐 and KLIM庐 products, preventing the use of 13 metric tons of plastic and the emission of 19.5 metric tons of CO2 annually.
  • April 2021: Lactalis acquired assets in Brazil belonging to Cativa and also signed a long-term milk supply contract with the cooperative. The new deal in Brazil for Lactalis is involved in the production of milk, cream, butter, cheese, and dairy ingredients under the brands Parmalat, Galbani, and Pr茅sident.

Free with this Report

We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the dairy industry. With the help of 45+ free charts, clients can access in-depth market analysis based on per capita consumption numbers and production data of raw materials for dairy, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on dairy, categories of dairy products, product types, etc., are available in the form of comprehensive reports as well as excel based data worksheets.

South America Dairy Market
South America Dairy Market
South America Dairy Market
South America Dairy Market

South America Dairy Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study鈥�

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Per Capita Consumption

    2. 2.2. Raw Material/commodity Production

      1. 2.2.1. Butter

      2. 2.2.2. Cheese

      3. 2.2.3. Milk

    3. 2.3. Regulatory Framework

      1. 2.3.1. Argentina

      2. 2.3.2. Brazil

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. Category

      1. 3.1.1. Butter

        1. 3.1.1.1. By Product Type

          1. 3.1.1.1.1. Cultured Butter

          2. 3.1.1.1.2. Uncultured Butter

      2. 3.1.2. Cheese

        1. 3.1.2.1. By Product Type

          1. 3.1.2.1.1. Natural Cheese

          2. 3.1.2.1.2. Processed Cheese

      3. 3.1.3. Cream

        1. 3.1.3.1. By Product Type

          1. 3.1.3.1.1. Double Cream

          2. 3.1.3.1.2. Single Cream

          3. 3.1.3.1.3. Whipping Cream

          4. 3.1.3.1.4. Others

      4. 3.1.4. Dairy Desserts

        1. 3.1.4.1. By Product Type

          1. 3.1.4.1.1. Cheesecakes

          2. 3.1.4.1.2. Frozen Desserts

          3. 3.1.4.1.3. Ice Cream

          4. 3.1.4.1.4. Mousses

          5. 3.1.4.1.5. Others

      5. 3.1.5. Milk

        1. 3.1.5.1. By Product Type

          1. 3.1.5.1.1. Condensed milk

          2. 3.1.5.1.2. Flavored Milk

          3. 3.1.5.1.3. Fresh Milk

          4. 3.1.5.1.4. Powdered Milk

          5. 3.1.5.1.5. UHT Milk

      6. 3.1.6. Sour Milk Drinks

      7. 3.1.7. Yogurt

        1. 3.1.7.1. By Product Type

          1. 3.1.7.1.1. Flavored Yogurt

          2. 3.1.7.1.2. Unflavored Yogurt

    2. 3.2. Distribution Channel

      1. 3.2.1. Off-Trade

        1. 3.2.1.1. Convenience Stores

        2. 3.2.1.2. Online Retail

        3. 3.2.1.3. Specialist Retailers

        4. 3.2.1.4. Supermarkets and Hypermarkets

        5. 3.2.1.5. Others (Warehouse clubs, gas stations, etc.)

      2. 3.2.2. On-Trade

    3. 3.3. Country

      1. 3.3.1. Argentina

      2. 3.3.2. Brazil

      3. 3.3.3. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Alpina Productos Alimenticios SA BIC

      2. 4.4.2. Danone SA

      3. 4.4.3. Groupe Lactalis

      4. 4.4.4. Lacteos Betania SA

      5. 4.4.5. Laticinios Bela Vista Ltda

      6. 4.4.6. Mastellone Hermanos SA

      7. 4.4.7. Nestl茅 SA

      8. 4.4.8. SanCor Cooperativas Unidas Limitada

      9. 4.4.9. Sucesores de Alfredo Williner SA

  7. 5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter鈥檚 Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PER CAPITA CONSUMPTION OF MILK, BUTTER, CHEESE, KG, SOUTH AMERICA, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION OF BUTTER, METRIC TONNES, SOUTH AMERICA, 2017 - 2021
  1. Figure 3:  
  2. PRODUCTION OF CHEESE, METRIC TONNES, SOUTH AMERICA, 2017 - 2021
  1. Figure 4:  
  2. PRODUCTION OF MILK, METRIC TONNES, SOUTH AMERICA, 2017 - 2021
  1. Figure 5:  
  2. VOLUME OF DAIRY, METRIC TONNES, BY SOUTH AMERICA, 2017 - 2029
  1. Figure 6:  
  2. VALUE OF DAIRY, USD MN, BY SOUTH AMERICA, 2017 - 2029
  1. Figure 7:  
  2. VOLUME OF DAIRY MARKET BY CATEGORY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 8:  
  2. VALUE OF DAIRY MARKET BY CATEGORY, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 9:  
  2. VOLUME SHARE OF DAIRY MARKET, BY CATEGORY , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 10:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 11:  
  2. VOLUME OF BUTTER MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF BUTTER MARKET BY PRODUCT TYPE, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 13:  
  2. VOLUME SHARE OF BUTTER MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 14:  
  2. VALUE SHARE OF BUTTER MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 15:  
  2. VOLUME OF CULTURED BUTTER MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF CULTURED BUTTER MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF CULTURED BUTTER MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF UNCULTURED BUTTER MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF UNCULTURED BUTTER MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF UNCULTURED BUTTER MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF CHEESE MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF CHEESE MARKET BY PRODUCT TYPE, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 23:  
  2. VOLUME SHARE OF CHEESE MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 24:  
  2. VALUE SHARE OF CHEESE MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 25:  
  2. VOLUME OF NATURAL CHEESE MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 26:  
  2. VALUE OF NATURAL CHEESE MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 27:  
  2. VALUE SHARE OF NATURAL CHEESE MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 28:  
  2. VOLUME OF PROCESSED CHEESE MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 29:  
  2. VALUE OF PROCESSED CHEESE MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 30:  
  2. VALUE SHARE OF PROCESSED CHEESE MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 31:  
  2. VOLUME OF CREAM MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 32:  
  2. VALUE OF CREAM MARKET BY PRODUCT TYPE, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 33:  
  2. VOLUME SHARE OF CREAM MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 34:  
  2. VALUE SHARE OF CREAM MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 35:  
  2. VOLUME OF DOUBLE CREAM MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 36:  
  2. VALUE OF DOUBLE CREAM MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 37:  
  2. VALUE SHARE OF DOUBLE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 38:  
  2. VOLUME OF SINGLE CREAM MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 39:  
  2. VALUE OF SINGLE CREAM MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 40:  
  2. VALUE SHARE OF SINGLE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 41:  
  2. VOLUME OF WHIPPING CREAM MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 42:  
  2. VALUE OF WHIPPING CREAM MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 43:  
  2. VALUE SHARE OF WHIPPING CREAM MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 44:  
  2. VOLUME OF OTHERS MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF OTHERS MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF OTHERS MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 47:  
  2. VOLUME OF DAIRY DESSERTS MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF DAIRY DESSERTS MARKET BY PRODUCT TYPE, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 49:  
  2. VOLUME SHARE OF DAIRY DESSERTS MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 50:  
  2. VALUE SHARE OF DAIRY DESSERTS MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 51:  
  2. VOLUME OF CHEESECAKES MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF CHEESECAKES MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF CHEESECAKES MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 54:  
  2. VOLUME OF FROZEN DESSERTS MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 55:  
  2. VALUE OF FROZEN DESSERTS MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 56:  
  2. VALUE SHARE OF FROZEN DESSERTS MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 57:  
  2. VOLUME OF ICE CREAM MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 58:  
  2. VALUE OF ICE CREAM MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 59:  
  2. VALUE SHARE OF ICE CREAM MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 60:  
  2. VOLUME OF MOUSSES MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 61:  
  2. VALUE OF MOUSSES MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 62:  
  2. VALUE SHARE OF MOUSSES MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 63:  
  2. VOLUME OF OTHERS MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 64:  
  2. VALUE OF OTHERS MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 65:  
  2. VALUE SHARE OF OTHERS MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 66:  
  2. VOLUME OF MILK MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 67:  
  2. VALUE OF MILK MARKET BY PRODUCT TYPE, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 68:  
  2. VOLUME SHARE OF MILK MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 69:  
  2. VALUE SHARE OF MILK MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 70:  
  2. VOLUME OF CONDENSED MILK MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 71:  
  2. VALUE OF CONDENSED MILK MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 72:  
  2. VALUE SHARE OF CONDENSED MILK MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 73:  
  2. VOLUME OF FLAVORED MILK MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 74:  
  2. VALUE OF FLAVORED MILK MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 75:  
  2. VALUE SHARE OF FLAVORED MILK MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 76:  
  2. VOLUME OF FRESH MILK MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 77:  
  2. VALUE OF FRESH MILK MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 78:  
  2. VALUE SHARE OF FRESH MILK MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 79:  
  2. VOLUME OF POWDERED MILK MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 80:  
  2. VALUE OF POWDERED MILK MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 81:  
  2. VALUE SHARE OF POWDERED MILK MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 82:  
  2. VOLUME OF UHT MILK MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 83:  
  2. VALUE OF UHT MILK MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 84:  
  2. VALUE SHARE OF UHT MILK MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 85:  
  2. VOLUME OF SOUR MILK DRINKS MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 86:  
  2. VALUE OF SOUR MILK DRINKS MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 87:  
  2. VALUE SHARE OF SOUR MILK DRINKS MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 88:  
  2. VOLUME OF YOGURT MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 89:  
  2. VALUE OF YOGURT MARKET BY PRODUCT TYPE, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 90:  
  2. VOLUME SHARE OF YOGURT MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 91:  
  2. VALUE SHARE OF YOGURT MARKET BY PRODUCT TYPE, %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 92:  
  2. VOLUME OF FLAVORED YOGURT MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 93:  
  2. VALUE OF FLAVORED YOGURT MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 94:  
  2. VALUE SHARE OF FLAVORED YOGURT MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 95:  
  2. VOLUME OF UNFLAVORED YOGURT MARKET, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 96:  
  2. VALUE OF UNFLAVORED YOGURT MARKET, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 97:  
  2. VALUE SHARE OF UNFLAVORED YOGURT MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 98:  
  2. VOLUME OF DAIRY MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 99:  
  2. VALUE OF DAIRY MARKET BY DISTRIBUTION CHANNEL, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 100:  
  2. VOLUME SHARE OF DAIRY MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 101:  
  2. VALUE SHARE OF DAIRY MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 102:  
  2. VOLUME OF DAIRY MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 103:  
  2. VALUE OF DAIRY MARKET BY SUB DISTRIBUTION CHANNELS, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 104:  
  2. VOLUME SHARE OF DAIRY MARKET, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 105:  
  2. VALUE SHARE OF DAIRY MARKET, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 106:  
  2. VOLUME OF DAIRY MARKET SOLD VIA CONVENIENCE STORES, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 107:  
  2. VALUE OF DAIRY MARKET SOLD VIA CONVENIENCE STORES, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 108:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA CONVENIENCE STORES, BY CATEGORY , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 109:  
  2. VOLUME OF DAIRY MARKET SOLD VIA ONLINE RETAIL, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 110:  
  2. VALUE OF DAIRY MARKET SOLD VIA ONLINE RETAIL, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 111:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA ONLINE RETAIL, BY CATEGORY , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 112:  
  2. VOLUME OF DAIRY MARKET SOLD VIA SPECIALIST RETAILERS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 113:  
  2. VALUE OF DAIRY MARKET SOLD VIA SPECIALIST RETAILERS, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 114:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA SPECIALIST RETAILERS, BY CATEGORY , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 115:  
  2. VOLUME OF DAIRY MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 116:  
  2. VALUE OF DAIRY MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 117:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA SUPERMARKETS AND HYPERMARKETS, BY CATEGORY , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 118:  
  2. VOLUME OF DAIRY MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 119:  
  2. VALUE OF DAIRY MARKET SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 120:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY CATEGORY , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 121:  
  2. VOLUME OF DAIRY MARKET SOLD VIA ON-TRADE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 122:  
  2. VALUE OF DAIRY MARKET SOLD VIA ON-TRADE, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 123:  
  2. VALUE SHARE OF DAIRY MARKET, SOLD VIA ON-TRADE, BY CATEGORY , %, SOUTH AMERICA, 2022 VS 2029
  1. Figure 124:  
  2. VOLUME OF DAIRY MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
  1. Figure 125:  
  2. VALUE OF DAIRY MARKET BY COUNTRY, USD MN, SOUTH AMERICA, 2017 - 2029
  1. Figure 126:  
  2. VOLUME SHARE OF DAIRY MARKET, BY COUNTRY , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 127:  
  2. VALUE SHARE OF DAIRY MARKET, BY COUNTRY , %, SOUTH AMERICA, 2017 VS 2023 VS 2029
  1. Figure 128:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, ARGENTINA, 2017 - 2029
  1. Figure 129:  
  2. VALUE OF DAIRY MARKET, USD MN, ARGENTINA, 2017 - 2029
  1. Figure 130:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, ARGENTINA, SOUTH AMERICA, 2022 VS 2029
  1. Figure 131:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, BRAZIL, 2017 - 2029
  1. Figure 132:  
  2. VALUE OF DAIRY MARKET, USD MN, BRAZIL, 2017 - 2029
  1. Figure 133:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, BRAZIL, SOUTH AMERICA, 2022 VS 2029
  1. Figure 134:  
  2. VOLUME OF DAIRY MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 135:  
  2. VALUE OF DAIRY MARKET, USD MN, REST OF SOUTH AMERICA, 2017 - 2029
  1. Figure 136:  
  2. VALUE SHARE OF DAIRY MARKET, BY CATEGORY , %, REST OF SOUTH AMERICA, SOUTH AMERICA, 2022 VS 2029
  1. Figure 137:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH AMERICA, 2017 - 2029
  1. Figure 138:  
  2. MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2017 - 2029
  1. Figure 139:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA, 2022

South America Dairy Industry Segmentation

Butter, Cheese, Cream, Dairy Desserts, Milk, Sour Milk Drinks, Yogurt are covered as segments by Category. Off-Trade, On-Trade are covered as segments by Distribution Channel. Argentina, Brazil are covered as segments by Country.

  • The off-trade segment dominates the distribution channels of the South American dairy market. In the off-trade segment, consumers prefer buying dairy products majorly from convenience stores, as people get discount coupons for bulk shopping. As a result, convenience stores are considered the primary sales channel for the sales of dairy products, as they hold more than 48.5% of the overall sales across the country.
  • Supermarkets and hypermarkets are the second most widely preferred off-trade distribution channels after convenience stores for purchasing dairy products in South America. In 2022, supermarkets and hypermarkets accounted for 43.9% of the value share.
  • Different supermarket and hypermarket chains like Grupo Exito, Carrefour, Walmart, and Jumbo offer different loyalty benefits to retain consumers. The growth of these retail formats, along with factors like business expansion and the increase in supermarkets and hypermarkets, has positively impacted the purchase of dairy products in South America. In 2021, Grupo Exito stood in the top place with more than 2,600 locations across South America. Carrefour stood in second place and operated more than 1,200 outlets across the region.
  • Dairy products are commonly used in South American restaurants and foodservice channels, which is further boosting the market growth. Major restaurant chains in South America add milk, yogurt, and cheese to their menus. Dairy sales in the on-trade channel are anticipated to grow by 9% in 2025 compared to 2022. The growth is expected to be aided by consumers preferring dining out or ordering takeout.
Category
Butter
By Product Type
Cultured Butter
Uncultured Butter
Cheese
By Product Type
Natural Cheese
Processed Cheese
Cream
By Product Type
Double Cream
Single Cream
Whipping Cream
Others
Dairy Desserts
By Product Type
Cheesecakes
Frozen Desserts
Ice Cream
Mousses
Others
Milk
By Product Type
Condensed milk
Flavored Milk
Fresh Milk
Powdered Milk
UHT Milk
Sour Milk Drinks
Yogurt
By Product Type
Flavored Yogurt
Unflavored Yogurt
Distribution Channel
Off-Trade
Convenience Stores
Online Retail
Specialist Retailers
Supermarkets and Hypermarkets
Others (Warehouse clubs, gas stations, etc.)
On-Trade
Country
Argentina
Brazil
Rest of South America
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Market Definition

  • Butter - Butter is a yellow-to-white solid emulsion of fat globules, water, and inorganic salts produced by churning the cream from cows鈥� milk
  • Dairy - Dairy product include聽milk聽and any of the foods made from milk, including聽butter,聽cheese,聽ice cream,聽yogurt, and condensed and dried milk.
  • Frozen Desserts - Frozen dairy dessert means and includes products containing milk or cream and other ingredients which are frozen or semi-frozen prior to consumption, such as ice milk or sherbet, including frozen dairy desserts for special dietary purposes, and sorbet
  • Sour Milk Drinks - Sour milk is thick, curdled milk, with a sour taste, obtained from the fermentation of milk. Sour milk drinks such as kefir, laban, buttermilk have been considered in the study
Keyword Definition
Cultured Butter Cultured butter is prepared by having the raw butter go through chemical processing and has been added with certain emulsifiers and foreign ingredients.
Uncultured Butter This type of butter is one which has not been processed in any way
Natural Cheese The type of cheese in its most natural form. It is made from natural and simple products and ingredients, including fresh and natural salts, natural colors, enzymes, and high-quality milk.
Processed Cheese Processed cheese undergoes the same processes as natural cheese; however, it requires more steps and many different forms of ingredients. Making processed cheese involves melting natural cheese, emulsifying it, and adding preservatives and other artificial ingredients or colorings.
Single Cream Single cream contains around 18% fat. It鈥檚 a single layer of cream that appears over boiled milk.
Double Cream Double cream contains 48% fat, more than double the amount of fat of single cream. It鈥檚 heavier and thicker than single cream
Whipping Cream This has a much higher fat percentage than single cream (36%). Used to top cakes, pies, and puddings and as a thickener for sauces, soups, and fillings.
Frozen Desserts Desserts that are meant to be eaten in frozen condition. E.g., sherbets, sorbets, frozen yogurts
UHT Milk (Ultra-high temperature milk) Milk heated at a very high temperature. Ultra-high-temperature processing (UHT) of milk involves heating for 1鈥�8 sec at 135鈥�154掳C. which kills the spore-forming pathogenic microorganism, resulting in a product with a shelf-life of several months.
Non-dairy butter/Plant-based butter Butter made from plant-derived oil such as coconut, palm, etc.
Non-dairy Yogurt Yogurt made from typically made from nuts, like almonds, cashews, coconuts, and even other foods like soybeans, plantains, oats, and peas
On-trade It refers to restaurants, QSRs, and bars.
Off-trade It refers to supermarkets, hypermarkets, on-line channels, etc.
Neufchatel cheese One of the oldest kinds of cheese in France. It is a soft, slightly crumbly, mold-ripened, bloomy-rind cheese made in the Neufch芒tel-en-Bray region of Normandy.
Flexitarian It refers to a consumer preferring a semi-vegetarian diet, that is centered on plant foods with limited or occasional inclusion of meat.
Lactose Intolerance Lactose intolerance is a reaction in digestive system to lactose, the sugar in milk. It causes uncomfortable symptoms in response to the consumption of dairy products.
Cream Cheese Cream cheese is a soft and creamy fresh cheese with a tangy taste made from milk and cream.
Sorbets Sorbet is a frozen dessert made using ice combined with fruit juice, fruit pur茅e, or other ingredients, such as wine, liqueur, or honey.
Sherbet Sherbet is a sweetened frozen dessert made with fruit and some sort of dairy product such as milk or cream.
Shelf stable Foods that can be safely stored at room temperature, or "on the shelf," for at least one year and do not have to be cooked or refrigerated to eat safely.
DSD Direct Store Delivery is the process in supply chain management wherein the product is delivered from manufacturing plant directly to the retailer.
OU Kosher Orthodox Union Kosher is a kosher certification agency based in New York City.
Gelato Gelato is a frozen creamy dessert made with milk, heavy cream and sugar.
Grass-fed Cows Grass-fed cows are allowed to graze in pastures, where they eat a variety of grasses and clover.
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Research Methodology

糖心vlog传媒 follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.鈥�
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.鈥�
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.鈥�
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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South America Dairy Market Research FAQs

The South America Dairy Market size is expected to reach USD 54.12 billion in 2024 and grow at a CAGR of 5.42% to reach USD 70.45 billion by 2029.

In 2024, the South America Dairy Market size is expected to reach USD 54.12 billion.

Danone SA, Groupe Lactalis, Laticinios Bela Vista Ltda, Mastellone Hermanos SA and Nestl茅 SA are the major companies operating in the South America Dairy Market.

In the South America Dairy Market, the Off-Trade segment accounts for the largest share by distribution channel.

In 2024, Brazil accounts for the largest share by country in the South America Dairy Market.

In 2023, the South America Dairy Market size was estimated at 54.12 billion. The report covers the South America Dairy Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Dairy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Dairy Industry Report

Statistics for the 2023 South America Dairy market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports.聽South America Dairy analysis includes a market forecast outlook to 2029 and historical overview.聽Get a sample of this industry analysis as a free report PDF download.

South America Dairy Market Report Snapshots

South America Dairy Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

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