The global dairy market is projected to grow at a moderate rate of about 5% from 2019 to 2028. The increasing population is one of the primary factors that is driving the demand for dairy products including milk, cheese, and butter among others. Higher disposable income coupled with rising health concerns is also expected to propel the demand for dairy products across the globe. Global milk production has grown significantly in recent years. According to the Food and Agriculture Organization (FAO), global milk production has grown nearly 2.0% in 2020 to reach a volume of 906 million tons. The upsurge in milk output has been primarily driven by yield improvements, a considerable increase in dairy cattle numbers, and strong demand across the globe.