Media Release - Rabobank 2022 Global Dairy Top 20 report

Monday 22nd August 2022

Privately-held French Dairy Company Lactalis has strengthened its position at the world's largest dairy company, according to Rabobank’s latest Global Dairy Top 20 report.

The report found Lactilis’ turnover rose to USD26.7 bln in 2021 (an increase of USD4.7 bln or 16.2 per cent on the prior year) and it now sits well clear of second-placed Nestlé, from Switzerland, which recorded turnover of USD21.3 bln during the same period.

Rabobank senior agri analyst Emma Higgins said Lactalis’ double-digit percentage sales growth was driven by the acquisition of the KraftHeinz’s US natural cheese business and Groupe Bel's Royal Bel Leerdammer, Bel Italia, Bel Deutschland, and Bel Shostka Ukraine, with these purchases adding a combined estimated annual turnover of about USD2.1 bln.

“This acquisition spree has continued into 2022 with the recent purchases of Australian-based Jalna Dairy Foods and German-based Bayerische Milchindustrie’s (BMI) Fresh Dairy Division,” she said.

Media Release

Global Dairy Top 20

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