
Last updated: October 2026. Ranking basis: 2026 Rabobank Global Dairy Top 20; sales are estimates for dairy operations in 2025, in USD.

France | Approx. USD 40.2 billion
A major French dairy group whose business covers milk, cheese, butter, cream and dairy processing, with brands including Président, Galbani and Parmalat. Through international acquisitions and a multi-region production network, it has expanded its markets and is the world's largest dairy company.

Switzerland | Approx. USD 23.7 billion
Nestlé is a major global food and beverage group. Its dairy-related business covers milk powder, nutritional products, condensed milk and other dairy products. With brands and a sales network spanning the globe, it wields considerable influence in infant nutrition, dairy processing and food R&D. The group's overall business extends far beyond dairy.

United States | Approx. USD 23.1 billion
A large U.S. dairy farmer cooperative made up of numerous dairy farmers, whose operations include raw milk procurement, dairy processing, and the production of cheese, butter and dairy ingredients. Unlike companies centered on retail brands, DFA also carries out both upstream raw milk supply and downstream food processing, giving it a vital position in the North American dairy supply chain.

Denmark / Sweden | Approx. USD 23.0 billion
Arla Foods is a major European dairy cooperative whose products cover milk, cheese, butter, yogurt and dairy ingredients such as whey protein. Brands like Arla and Lurpak enjoy high recognition in several international markets, while the company also supplies dairy ingredients to food manufacturers.

France | Approx. USD 21.6 billion
Danone is a global food company focused on dairy products, plant-based products and specialized nutrition. Its products cover yogurt, fermented milk, dairy beverages and nutrition products, with brands including Danone, Activia and Actimel, operating across markets in Europe, North America and Asia.

China | Approx. USD 15.8 billion
Yili is a large Chinese dairy group whose products cover liquid milk, yogurt, milk powder, ice cream and cheese. The company keeps expanding its international markets and dairy industry chain layout, with products serving household consumption, foodservice and food processing markets, holding an important position in China's dairy industry.

Netherlands | Approx. USD 14.3 billion
FrieslandCampina is an international dairy cooperative whose business includes consumer dairy, infant nutrition, cheese, milk powder and high-value dairy ingredients. Its products serve retail markets and food industry clients, with operations in Europe, Asia and other international markets, and the capability to run the chain from raw milk supply to deep processing.

Canada | Approx. USD 11.7 billion
Saputo is one of the world's major dairy processors, with products including cheese, milk, cream, butter and dairy ingredients. The company operates production facilities across North America, South America, Europe and Australia, offering retail products to consumers while also supplying dairy to food manufacturers and foodservice clients.

China | Approx. USD 11.4 billion
Mengniu is a major Chinese dairy company whose products include liquid milk, yogurt, milk powder, ice cream and other dairy products. With a nationwide sales network, the company keeps expanding international operations and product innovation, serving household consumption, foodservice and part of the food industry market, and standing as an important representative of China's dairy industry.

New Zealand | Approx. USD 11.3 billion
Fonterra is a New Zealand dairy cooperative with a long-standing focus on raw milk collection, milk powder, milk fat, whey protein and other dairy ingredient operations. Its products are widely supplied to food manufacturers, foodservice businesses and nutrition companies worldwide, giving it significant influence in the international dairy ingredient trade and the food industry supply chain.


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