Dairy Products & Eggs - LATAM | Statista Market Forecast

Revenue in the Dairy Products & Eggs market amounts to US$98.46bn in 2024. The market is expected to grow annually by 7.02% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$173bn in 2024).
In relation to total population figures, per person revenues of US$154.80 are generated in 2024.
In the Dairy Products & Eggs market, volume is expected to amount to 50.75bn kg by 2029. The Dairy Products & Eggs market is expected to show a volume growth of 2.7% in 2025.0.
The average volume per person in the Dairy Products & Eggs market is expected to amount to 70.9kg in 2024.

Definition:

The Dairy Products and Eggs market covers eggs and dairy products which play a major role in the daily diet of many consumers. The market includes milk substitutes, milk, products made from mammal’s milk or milk components, and eggs that are harvested from domesticated animals for human consumption, such as chickens, ducks, or quails.

Structure:

The market consists of 8 different submarkets:

The Milk market covers fresh milk that is defined as an animal product containing proteins, lactose, fats, and water.
The Milk substitutes market covers all types of plant-based milk, such as soya, almond, oat, rice, coconut, spelt, and other. “Other” includes hazelnut, soya/rice blend, buckwheat, cashew, pea, millet, lupine, hemp, quinoa, flax seed, grain, etc.
The Yogurt market covers products that are made when milk is fermented by bacteria.
The Cheese market covers solid products obtained by coagulating milk.
Yogurt substitutes cover non-dairy alternatives to traditional yogurt
Cheese substitutes cover non-dairy alternatives to traditional cheese
The Eggs market covers chicken eggs.
The Other Dairy Products & Eggs market covers other products made from milk or milk components and other types of edible eggs.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

Fresh milk
Yogurt
Cheese
Eggs
preserved and powdered milk, cream, curd, yogurt drinks
Milk substitutes

Baby Food
Out-of-home consumption

The Dairy Products & Eggs market in LATAM is experiencing minimal growth due to factors such as changing consumer preferences and growing competition from substitutes. However, increasing health consciousness and convenience of online shopping could drive growth in the future.

Customer preferences: In LATAM, there has been an increase in demand for locally-sourced and organic dairy products, as consumers become more health-conscious and environmentally aware. This trend is also reflected in the growing popularity of plant-based milk alternatives, as individuals seek more sustainable and ethical options. Additionally, the rise of e-commerce and online grocery shopping has made it easier for consumers to access a wider range of dairy products and eggs, contributing to the overall growth of the market.

Trends in the market: In LATAM, the Dairy Products & Eggs Market within The Food market is seeing a rise in demand for organic and plant-based alternatives. This trend is driven by increasing consumer awareness of health and sustainability concerns. As a result, industry players are investing in research and development to expand their product offerings. This shift towards healthier and more environmentally friendly options has significant implications for stakeholders, including potential opportunities for growth and the need to adapt to changing consumer preferences. Additionally, there is a growing trend of e-commerce in the region, providing new distribution channels for dairy and egg products. This adoption of digital platforms is expected to continue, creating new avenues for market players to reach and engage with consumers.

Local special circumstances: In LATAM, the Dairy Products & Eggs Market within The Food market is heavily influenced by local cultural preferences and customs. For example, in Mexico, dairy consumption is a significant part of the traditional diet, leading to a high demand for dairy products. In contrast, in Argentina, dairy products are mainly consumed by the urban population, while rural areas focus on meat and poultry. These variations in consumption patterns drive market dynamics and require tailored strategies to succeed in the region.

Underlying macroeconomic factors: The Dairy Products & Eggs Market within The Food market in LATAM is influenced by macroeconomic factors such as economic growth, trade policies, and consumer spending patterns. Countries with stable economic growth and favorable trade policies are experiencing higher demand for dairy products and eggs, leading to market growth. Additionally, consumer spending patterns, influenced by income levels and cultural preferences, play a significant role in shaping the market landscape. Moreover, government initiatives to promote the consumption of dairy products and eggs, such as subsidies and nutrition education programs, are also impacting market performance.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The first evidence of dairy consumption dates back over six thousand years, and today dairy products are enjoyed all over the world. Over the past couple millennia there has been an incredible amount of creativity and innovation when it comes to processing, fermenting, and consuming dairy products. In 2022, the value of the dairy market worldwide was estimated to be about 893 billion U.S. dollars, which is projected to grow to 1,243 billion dollars by 2028.