South America Dairy Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2023) | USD 51.70 Billion |
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Market Size (2029) | USD 70.45 Billion |
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Largest Share by Distribution Channel | Off-Trade |
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CAGR (2023 - 2029) | 5.30 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Dairy Market Analysis
The South America Dairy Market size is estimated at 51.70 billion USD in 2023, and is expected to reach 70.45 billion USD by 2029, growing at a CAGR of 5.30% during the forecast period (2023-2029).
- Among all the Categories, Milk is the largest contributor to the South America Dairy Market. 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.
- Brazil is the largest country for the South America Dairy Market. 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
- The Fastest-growing category for the South America Dairy Market is Yogurt. 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.
- Argentina is the Fastest-growing country in the South America Dairy Market. Favorable weather, healthy herds, and improved performance of Argentinian dairy farms boosted milk production thereby, impacting the availability and consumption in the country.
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.
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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.
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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.
- Other countries like Peru, Paraguay, Ecuador, and Uruguay are also contributing significantly. The consumption of dairy products in these countries is expected to increase at a higher rate during the forecast period due to favorable initiatives from the government.
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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
- Increasing demand for cheese in various food service outlets couples with growth in cheese price is influencing the production
- Increased farmgate prices along with high production costs is impacting the milk 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 Nestlé SA (sorted alphabetically).
South America Dairy Market Leaders
Danone SA
Groupe Lactalis
Laticinios Bela Vista Ltda
Mastellone Hermanos SA
Nestlé SA
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 no particular order
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South America Dairy Market News
- November 2022: In order to innovate for consumers in the region, Nestlé SA opened a new R&D center for Latin America, utilizing the company's global scientific and technological resources.
- January 2022: Alpina launched Alpina Snacks, a dried cheese snack brand, in Colombia.
- July 2021: Nestlé launched two varieties of powdered milk (one with organic certification and another with only A2 β-casein protein) in Argentina.
South America Dairy Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Per Capita Consumption
2.2. Raw Material/Commodity Production
2.3. Regulatory Framework
2.3.1. Argentina
2.3.2. Brazil
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Category
3.1.1. Butter
3.1.1.1. By Product Type
3.1.1.1.1. Cultured Butter
3.1.1.1.2. Uncultured Butter
3.1.2. Cheese
3.1.2.1. By Product Type
3.1.2.1.1. Natural Cheese
3.1.2.1.2. Processed Cheese
3.1.3. Cream
3.1.3.1. By Product Type
3.1.3.1.1. Double Cream
3.1.3.1.2. Single Cream
3.1.3.1.3. Whipping Cream
3.1.3.1.4. Others
3.1.4. Dairy Desserts
3.1.4.1. By Product Type
3.1.4.1.1. Cheesecakes
3.1.4.1.2. Frozen Desserts
3.1.4.1.3. Ice Cream
3.1.4.1.4. Mousses
3.1.4.1.5. Others
3.1.5. Milk
3.1.5.1. By Product Type
3.1.5.1.1. Condensed milk
3.1.5.1.2. Flavored Milk
3.1.5.1.3. Fresh Milk
3.1.5.1.4. Powdered Milk
3.1.5.1.5. UHT Milk
3.1.6. Sour Milk Drinks
3.1.7. Yogurt
3.1.7.1. By Product Type
3.1.7.1.1. Flavored Yogurt
3.1.7.1.2. Unflavored Yogurt
3.2. Distribution Channel
3.2.1. Off-Trade
3.2.1.1. Convenience Stores
3.2.1.2. Online Retail
3.2.1.3. Specialist Retailers
3.2.1.4. Supermarkets and Hypermarkets
3.2.1.5. Others (Warehouse clubs, gas stations, etc.)
3.2.2. On-Trade
3.3. Country
3.3.1. Argentina
3.3.2. Brazil
3.3.3. Rest of South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
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).
4.4.1. Alpina Productos Alimenticios SA BIC
4.4.2. Danone SA
4.4.3. Groupe Lactalis
4.4.4. Lacteos Betania SA
4.4.5. Laticinios Bela Vista Ltda
4.4.6. Mastellone Hermanos SA
4.4.7. Nestlé SA
4.4.8. SanCor Cooperativas Unidas Limitada
4.4.9. Sucesores de Alfredo Williner SA
5. KEY STRATEGIC QUESTIONS FOR DAIRY AND DAIRY ALTERNATIVE CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PER CAPITA CONSUMPTION OF MILK, BUTTER, CHEESE, KG, SOUTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION OF BUTTER, METRIC TONNES, SOUTH AMERICA, 2017 - 2021
- Figure 3:
- PRODUCTION OF CHEESE, METRIC TONNES, SOUTH AMERICA, 2017 - 2021
- Figure 4:
- PRODUCTION OF MILK, METRIC TONNES, SOUTH AMERICA, 2017 - 2021
- Figure 5:
- VOLUME OF DAIRY, METRIC TONNES, BY SOUTH AMERICA, 2017 - 2029
- Figure 6:
- VALUE OF DAIRY, USD, BY SOUTH AMERICA, 2017 - 2029
- Figure 7:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY CATEGORY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 8:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY CATEGORY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 9:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY CATEGORY , %, SOUTH AMERICA, 2017 - 2029
- Figure 10:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY CATEGORY , %, SOUTH AMERICA, 2017 - 2029
- Figure 11:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 12:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 13:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 14:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 15:
- VOLUME OF CULTURED BUTTER, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 16:
- VALUE OF CULTURED BUTTER, USD, SOUTH AMERICA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF CULTURED BUTTER, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 18:
- VOLUME OF UNCULTURED BUTTER, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 19:
- VALUE OF UNCULTURED BUTTER, USD, SOUTH AMERICA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF UNCULTURED BUTTER, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 21:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 22:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 23:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 24:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 25:
- VOLUME OF NATURAL CHEESE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 26:
- VALUE OF NATURAL CHEESE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 27:
- VALUE SHARE OF NATURAL CHEESE, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 28:
- VOLUME OF PROCESSED CHEESE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF PROCESSED CHEESE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF PROCESSED CHEESE, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 31:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 33:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 34:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 35:
- VOLUME OF DOUBLE CREAM, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE OF DOUBLE CREAM, USD, SOUTH AMERICA, 2017 - 2029
- Figure 37:
- VALUE SHARE OF DOUBLE CREAM, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 38:
- VOLUME OF SINGLE CREAM, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE OF SINGLE CREAM, USD, SOUTH AMERICA, 2017 - 2029
- Figure 40:
- VALUE SHARE OF SINGLE CREAM, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 41:
- VOLUME OF WHIPPING CREAM, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE OF WHIPPING CREAM, USD, SOUTH AMERICA, 2017 - 2029
- Figure 43:
- VALUE SHARE OF WHIPPING CREAM, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 44:
- VOLUME OF OTHERS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE OF OTHERS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF OTHERS, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 47:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 48:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 49:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 50:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 51:
- VOLUME OF CHEESECAKES, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 52:
- VALUE OF CHEESECAKES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 53:
- VALUE SHARE OF CHEESECAKES, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 54:
- VOLUME OF FROZEN DESSERTS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 55:
- VALUE OF FROZEN DESSERTS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 56:
- VALUE SHARE OF FROZEN DESSERTS, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 57:
- VOLUME OF ICE CREAM, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE OF ICE CREAM, USD, SOUTH AMERICA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF ICE CREAM, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 60:
- VOLUME OF MOUSSES, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 61:
- VALUE OF MOUSSES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF MOUSSES, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 63:
- VOLUME OF OTHERS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE OF OTHERS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF OTHERS, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 66:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 67:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 68:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 69:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 70:
- VOLUME OF CONDENSED MILK, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 71:
- VALUE OF CONDENSED MILK, USD, SOUTH AMERICA, 2017 - 2029
- Figure 72:
- VALUE SHARE OF CONDENSED MILK, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 73:
- VOLUME OF FLAVORED MILK, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 74:
- VALUE OF FLAVORED MILK, USD, SOUTH AMERICA, 2017 - 2029
- Figure 75:
- VALUE SHARE OF FLAVORED MILK, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 76:
- VOLUME OF FRESH MILK, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE OF FRESH MILK, USD, SOUTH AMERICA, 2017 - 2029
- Figure 78:
- VALUE SHARE OF FRESH MILK, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 79:
- VOLUME OF POWDERED MILK, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 80:
- VALUE OF POWDERED MILK, USD, SOUTH AMERICA, 2017 - 2029
- Figure 81:
- VALUE SHARE OF POWDERED MILK, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 82:
- VOLUME OF UHT MILK, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 83:
- VALUE OF UHT MILK, USD, SOUTH AMERICA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF UHT MILK, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 85:
- VOLUME OF SOUR MILK DRINKS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 86:
- VALUE OF SOUR MILK DRINKS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 87:
- VALUE SHARE OF SOUR MILK DRINKS, BY CATEGORY , %, SOUTH AMERICA, 2017 - 2029
- Figure 88:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 89:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY PRODUCT TYPE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 90:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 91:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 92:
- VOLUME OF FLAVORED YOGURT, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 93:
- VALUE OF FLAVORED YOGURT, USD, SOUTH AMERICA, 2017 - 2029
- Figure 94:
- VALUE SHARE OF FLAVORED YOGURT, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 95:
- VOLUME OF UNFLAVORED YOGURT, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 96:
- VALUE OF UNFLAVORED YOGURT, USD, SOUTH AMERICA, 2017 - 2029
- Figure 97:
- VALUE SHARE OF UNFLAVORED YOGURT, BY PRODUCT TYPE , %, SOUTH AMERICA, 2017 - 2029
- Figure 98:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 99:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY DISTRIBUTION CHANNEL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 100:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2017 - 2029
- Figure 101:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2017 - 2029
- Figure 102:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY SUB DISTRIBUTION CHANNELS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 103:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY SUB DISTRIBUTION CHANNELS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 104:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 - 2029
- Figure 105:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 - 2029
- Figure 106:
- VOLUME OF CONVENIENCE STORES, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 107:
- VALUE OF CONVENIENCE STORES, USD, SOUTH AMERICA, 2017 - 2029
- Figure 108:
- VALUE SHARE OF CONVENIENCE STORES, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 - 2029
- Figure 109:
- VOLUME OF ONLINE RETAIL, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 110:
- VALUE OF ONLINE RETAIL, USD, SOUTH AMERICA, 2017 - 2029
- Figure 111:
- VALUE SHARE OF ONLINE RETAIL, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 - 2029
- Figure 112:
- VOLUME OF SPECIALIST RETAILERS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 113:
- VALUE OF SPECIALIST RETAILERS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 114:
- VALUE SHARE OF SPECIALIST RETAILERS, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 - 2029
- Figure 115:
- VOLUME OF SUPERMARKETS AND HYPERMARKETS, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 116:
- VALUE OF SUPERMARKETS AND HYPERMARKETS, USD, SOUTH AMERICA, 2017 - 2029
- Figure 117:
- VALUE SHARE OF SUPERMARKETS AND HYPERMARKETS, BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 - 2029
- Figure 118:
- VOLUME OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 119:
- VALUE OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), USD, SOUTH AMERICA, 2017 - 2029
- Figure 120:
- VALUE SHARE OF OTHERS (WAREHOUSE CLUBS, GAS STATIONS, ETC.), BY SUB DISTRIBUTION CHANNELS , %, SOUTH AMERICA, 2017 - 2029
- Figure 121:
- VOLUME OF ON-TRADE, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 122:
- VALUE OF ON-TRADE, USD, SOUTH AMERICA, 2017 - 2029
- Figure 123:
- VALUE SHARE OF ON-TRADE, BY DISTRIBUTION CHANNEL , %, SOUTH AMERICA, 2017 - 2029
- Figure 124:
- VOLUME OF SOUTH AMERICA DAIRY MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2017 - 2029
- Figure 125:
- VALUE OF SOUTH AMERICA DAIRY MARKET BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2029
- Figure 126:
- VOLUME SHARE OF SOUTH AMERICA DAIRY MARKET, BY COUNTRY , %, SOUTH AMERICA, 2017 - 2029
- Figure 127:
- VALUE SHARE OF SOUTH AMERICA DAIRY MARKET, BY COUNTRY , %, SOUTH AMERICA, 2017 - 2029
- Figure 128:
- VOLUME OF DAIRY MARKET, METRIC TONNES, ARGENTINA, 2017 - 2029
- Figure 129:
- VALUE OF DAIRY MARKET, USD, ARGENTINA, 2017 - 2029
- Figure 130:
- VALUE SHARE OF DAIRY MARKET, %, ARGENTINA, 2017 - 2029
- Figure 131:
- VOLUME OF DAIRY MARKET, METRIC TONNES, BRAZIL, 2017 - 2029
- Figure 132:
- VALUE OF DAIRY MARKET, USD, BRAZIL, 2017 - 2029
- Figure 133:
- VALUE SHARE OF DAIRY MARKET, %, BRAZIL, 2017 - 2029
- Figure 134:
- VOLUME OF DAIRY MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 135:
- VALUE OF DAIRY MARKET, USD, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 136:
- VALUE SHARE OF DAIRY MARKET, %, REST OF SOUTH AMERICA, 2017 - 2029
- Figure 137:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH AMERICA, 2017 - 2029
- Figure 138:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2017 - 2029
- Figure 139:
- 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.
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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’ milk
- Dairy - Dairy product include milk and any of the foods made from milk, including butter, cheese, ice cream, 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
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Research Methodology
Mordor Intelligence 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.
- 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.
- 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.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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