The milk market in Latin America is projected to rise by USD 15.7 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 5.3 percent during the forecast period. 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.
The report offers a comprehensive evaluation of the Latin America milk market, presenting crucial data on historical market size, growth patterns, and future projections. It provides a thorough breakdown of market segments and sub-segments, with a focus on key variables such as product, distribution channel, and country. This comprehensive evaluation aids in identifying the growth potential within the milk industry.
Market Segmentation
The milk market in Latin America is classified into the following segments:
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 Latin America milk market is segmented on the basis of product, distribution channel, and country. On the basis of product, the milk market in Latin America has been segmented into cow’s milk (fresh milk, shelf-stable milk), flavoured milk drinks, goat milk, plant-based milk, and powdered milk. By distribution channel, the milk market in Latin America has been segmented into distribution channel, convenience stores, supermarkets and hypermarkets, discounters, warehouse clubs, small grocery stores, foodservice channels, e-commerce, and others. Geographically, the milk market in Latin America is segmented into Argentina, Brazil, Chile, Colombia, Mexico, and others.
Competitive Landscape
The Latin America milk market is highly competitive. The prominent players operating in the Latin America milk market include 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.
The report presents a detailed analysis of the Latin America milk market, focusing on the performance of major companies between 2019 and 2023. The data offers valuable insights into market share fluctuations, identifying established leaders and the ascent of new entrants. Such information provides companies with the tools needed to enhance their strategic positioning and remain competitive, even as market conditions evolve.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Latin America milk market.
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.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewLatin America milk market – product analysis
Latin America milk market – distribution channel analysis
Latin America milk market – country analysis
Key players and market share
– Watt’s S.A.
– Usina de Laticinios Jussara S.A.
– The Coca-Cola Company
– Savencia SA
– Productos Naturales de la Sabana S.A.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latin America milk market 2019-2029
Chart Latin America milk market, net growth, 2019-2029
Chart Latin America milk market, growth rates, 2019-2029
Table Latin America milk market by product, 2019-2029
Chart Latin America milk market by product, CAGR historic and forecast, 2019-2029
Chart Latin America milk market by product, 2019-2029
Table Latin America milk market by distribution channel, 2019-2029
Chart Latin America milk market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latin America milk market by distribution channel, 2019-2029
Table Latin America milk market by country, 2019-2029
Chart Latin America milk market by country, CAGR historic and forecast, 2019-2029
Chart Latin America milk market by country, 2019-2029
Table Latin America milk market share (%), by companies, 2019-2023
Chart Latin America milk market, by companies, 2023
Table Latin America milk market share (%), by brands, 2019-2023
Chart Latin America milk market, by brands, 2023
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)