Latin America Milk Market 2025

Projections for the Latin America milk market suggest a promising growth trajectory, with an anticipated rise of USD 15.7 billion and a CAGR nearing 5.3% over the next five years. The Latin America milk market is driven by a combination of rising consumer awareness about nutrition and increasing demand for fortified and functional dairy products. As health consciousness grows, there is a shift towards milk products enriched with vitamins, minerals, and probiotics, catering to the region’s evolving dietary preferences. Additionally, the expansion of modern retail channels and improved cold chain logistics are making milk more accessible, particularly in urban areas. Government programs aimed at supporting local dairy farmers and enhancing milk production efficiency are further boosting market growth, ensuring a steady supply to meet the increasing consumer demand.

Providing a holistic view of the Latin America milk market, this report analyzes historical performance from 2020 to 2024 and projects trends through 2030. It evaluates market size, growth rates, and key segments, uncovering the forces driving change in the sector. With a focus on product, distribution channel and country, the report delivers a detailed analysis to inform strategic planning and market positioning.

Market Segmentation

The Latin America milk market is structured as follows:
Product: cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, powdered milk
Distribution channel: distribution channel, convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others

The milk market in Latin America is segmented across product, distribution channel and country. By product, the market includes cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. Distribution channel categories include distribution channel, convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others. Geographically, the market is divided into Argentina, Brazil, Chile, Colombia, Mexico, and others.

Competitive Landscape

The competitive landscape of the industry has been analyzed, featuring profiles of major players such as Watt’s S.A., Usina de Laticinios Jussara S.A., The Coca-Cola Company, Savencia SA, Productos Naturales de la Sabana S.A., PepsiCo Inc., Pasteurizadora Aguascalientes S.A. de C.V., Nova Mix Industrial e Comercial de Alimentos Ltda, Nestle S.A., Mastellone Hnos S.A., Liconsa S.A. de C.V., Lechera Guadalajara S.A. de C.V., Laticinios Tirol Ltda, Laticinios Bela Vista Ltda., Lactalis South Africa (Pty) Ltd., Grupo Rica S.A., Grupo Lala S.A.B. de C.V. , GRUPO GLORIA, Goiasminas Industria de Laticinios Ltda, Ganaderos Productores de Leche Pura S.A.P.I. de C.V., Embare Industrias Alimenticias S.A., Danone S.A., Cooperativa Santa Clara, Cooperativa Nacional de Productores de Leche, Cooperativa Lechera Colanta S.A., Cooperativa de Productores de Leche Dos Pinos R.L., Cooperativa Agricola y Lechera de La Union Limitada, ARC Medical Logistica Ltda and Alpina Productos Alimenticios S.A.

The report provides a detailed assessment of prominent companies within the milk market, tracking their performance from 2020 to 2024. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latin America milk market.
Gain in-depth analysis and forecasts for the key segments of the Latin America milk market: product, distribution channel and country.
Gain deep insights into the dynamics of the Latin America milk market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America milk market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latin America Milk Market – Product Analysis
Latin America Milk Market – Distribution Channel Analysis
Latin America Milk Market – Country Analysis
Company Shares Analysis
Watt’s S.A.
Usina de Laticinios Jussara S.A.
The Coca-Cola Company
Savencia SA
Productos Naturales de la Sabana S.A.
PepsiCo, Inc.
Pasteurizadora Aguascalientes, S.A. de C.V.
Nova Mix Industrial e Comercial de Alimentos Ltda
Nestle S.A.
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Latin America Milk Market 2020-2030
Chart Latin America Milk Market, Net Growth, 2020-2030
Chart Latin America Milk Market, Growth Rates, 2020-2030
Table Latin America Milk Market by Product, 2020-2030
Chart Latin America Milk Market by Product, CAGR Historic and Forecast, 2020-2030
Chart Latin America Milk Market by Product, 2020-2030
Table Latin America Milk Market by Distribution Channel, 2020-2030
Chart Latin America Milk Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latin America Milk Market by Distribution Channel, 2020-2030
Table Latin America Milk Market by Country, 2020-2030
Chart Latin America Milk Market by Country, CAGR Historic and Forecast, 2020-2030
Chart Latin America Milk Market by Country, 2020-2030
Table Latin America Milk Market Share (%), by Companies, 2020-2024
Chart Latin America Milk Market, by Companies, 2024
Table Latin America Milk Market Share (%), by Brands, 2020-2024
Chart Latin America Milk Market, by Brands, 2024
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Milk Market: Spend as a Proportion of GDP (%)
Table Latin America Milk Market: Consumption per Capita (Population)

Companies Mentioned

Watt’s S.A.
Usina de Laticinios Jussara S.A.
The Coca-Cola Company
Savencia SA
Productos Naturales de la Sabana S.A.
PepsiCo, Inc.
Pasteurizadora Aguascalientes, S.A. de C.V.
Nova Mix Industrial e Comercial de Alimentos Ltda
Nestle S.A.
Mastellone Hnos S.A.
Liconsa, S.A. de C.V.
Lechera Guadalajara S.A. de C.V.
Laticinios Tirol Ltda
Laticinios Bela Vista Ltda.
Lactalis South Africa (Pty) Ltd.
Grupo Rica S.A.
Grupo Lala S.A.B. de C.V. 
GRUPO GLORIA
Goiasminas Industria de Laticinios Ltda
Ganaderos Productores de Leche Pura, S.A.P.I. de C.V.
Embare Industrias Alimenticias S.A.
Danone S.A.
Cooperativa Santa Clara
Cooperativa Nacional de Productores de Leche
Cooperativa Lechera Colanta S.A.
Cooperativa de Productores de Leche Dos Pinos R.L.
Cooperativa Agricola y Lechera de La Union Limitada
ARC Medical Logistica Ltda
Alpina Productos Alimenticios S.A.