Global Dairy Top 20: Movers and Shakers

Rabobank’s annual Global Dairy Top 20 highlights the industry leaders of 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 of 2022, with about 10 deals announced versus the prior year’s approximately 30 deals.