Rabobank's annual Global Dairy Top 20 highlights the results of the industry leaders in one of the world's most valuable food sectors. The combined turnover of the Global Dairy Top 20 companies jumped by 9.3% in US dollar terms, following the prior year's decline of 0.1%. In euro terms, the combined turnover increased by 5.0%. Merger and acquisition activity by Top 20 companies remained relatively stable in 2021 compared to the prior year, but dropped in the first half 0f 2022, with about 10 deals annouced versus the prior year's approximately 30 deals.
| Rank 2022 | Rank 2021 | Company | Country of origin and main operation countries | Dairy turnover 2021 Footnote 1 USD Billion |
Dairy turnover 2021 Footnote 1 EUR Billion |
|---|---|---|---|---|---|
| 1 | 1 | Lactalis | France | 26.7Footnote e | 22.0Footnote e |
| 2 | 2 | Nestlé | Switzerland | 21.3Footnote e | 18.0Footnote e |
| 3 | 4 | Danone | France | 20.9Footnote e | 17.7Footnote e |
| 4 | 3 | Dairy Farmers of America | United States of America | 19.3 | 16.3 |
| 5 | 5 | Yili | China | 18.2Footnote e | 15.4Footnote e |
| 6 | 6 | Fonterra | New Zealand | 14.8Footnote e | 12.5 |
| 7 | 9 | Mengniu | China | 13.7 | 11.6 |
| 8 | 7 | Friesland Campina | Netherland | 13.6 | 11.5 |
| 9 | 8 | Arla Foods | Denmark/Sweden | 13.3 | 11.2 |
| 10 | 10 | Saputo | Canada | 12.0 | 9.6 |
| 11 | 11 | Unilever | Netherland/United Kingdom | 8.3Footnote e | 7.0Footnote e |
| 12 | 14 | Savencia | France | 6.6 | 5.6 |
| 13 | 18 | Gujarat Cooperative Milk Marketing Federation |
India | 6.3 | 5.3 |
| 14 | 17 | Sodiaal | France | 5.9Footnote e | 5.0Footnote e |
| 15 | 13 | Meiji | Japan | 5.9Footnote e | 5.0Footnote e |
| 16 | 16 | Agropur | Canada | 5.8 | 4.9 |
| 17 | 20 | Müller | Germany | 5.7Footnote e | 4.9 |
| 18 | 12 | DMK | Germany | 5.2Footnote e | 4.4Footnote e |
| 19 | 19 | Schreiber Foods | United States of America | 5.1Footnote e | 4.3 |
| 20 | .. | Froneri | United Kingdom | 5.0 | 4.2 |
| Source: Rabobank 2022. Data represents in most cases the year 2022 Compiled by Agriculture and agri-food Canada, Animal industry division, Market information section |
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