Rabobank's annual Global Dairy Top 20 highlights the results of industry leaders in one of the world's most valueable food sectors. The combined turnover of the Global Dairy Top 20 companies jumped by 7.4% in US dollar terms, following the prior year's gain of 9.3%. In euro terms, the combined turnover increased by a significant 21% due to the combination of a stronger US dollar, inflation, and tight market conditions during most of 2022, with many companies reporting record-high revenues in their local currencies. Overall, only five companies held the same position as last year, indicating movement in the global dairy processing sector.
| Rank 2023 | Rank 2022 | Company | Country of origin and main operation countries | Dairy turnover 2022 Footnote 1 Billion US$ |
Dairy turnover 2022 Footnote 1 Billion Euros |
|---|---|---|---|---|---|
| 1 | 1 | Lactalis | France | 28.6Footnote e | 27.2Footnote e |
| 2 | 4 | Dairy Farmers of America | United States of America | 24.5 | 23.3Footnote |
| 3 | 2 | Nestlé | Switzerland | 23.3Footnote e | 22.1e Footnote |
| 4 | 3 | Danone | France | 21.2e | 21.1e |
| 5 | 5 | Yili | China | 18.3Footnote e | 17.3e Footnote |
| 6 | 9 | Arla Foods | Denmark/Sweeden | 14.5 | 13.8 |
| 7 | 8 | FrieslandCampina | Netherlands | 14.4e | 13.7e |
| 8 | 7 | Mengniu | China | 14.4e | 13.7e |
| 9 | 6 | Fonterra | New Zealand | 14.2e | 13.4e |
| 10 | 10 | Saputo | Canada | 13.7 | 13.0 |
| 11 | 11 | Unilever | Netherlands/United Kingdom | 8.3Footnote | 7.9Footnote |
| 12 | 13 | Gujarat Cooperative Milk Marketing Federation Ltd | india | 7.0 | 6.7 |
| 13 | 12 | Savencia | France | 6.9 | 6.6 |
| 14 | 17 | Müller | Germany | 6.5Footnote e | 6.2e Footnote |
| 15 | 16 | Agropur | Canada | 6.5Footnote | 6.2 Footnote |
| 16 | 19 | Schreiber Foods | United States of America | 6.5e | 6.2e |
| 17 | 14 | Sodiaal | France | 5.8Footnote | 5.5 |
| 18 | 18 | DMK | Germany | 5.5Footnote e | 5.3e Footnote |
| 19 | 20 | Froneri | United Kingdom | 5.3Footnote | 5.1 |
| 20 | .. | Glanbia | Ireland | 5.1e | 4.8e |
| Source: Rabobank 2023. Data represents in most cases the year 2023 Compiled by Agriculture and agri-food Canada, Animal industry division, Market information section |
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