Rabobank Reports $267bn in Revenue for the World’s 20 Largest Dairy Companies

Rabobank’s Global Dairy Top 20 ranking records combined revenue of $267bn for the 20 largest dairy companies worldwide. The figure covers the companies included in the bank’s annual ranking and reflects their reported performance during 2025.

Combined revenue rose by 5.4% over the year. The ranking presents that increase as the change in aggregate income across the 20 companies, rather than as the result of a single company or market.

Lactalis remained the world’s largest dairy company in the ranking. The French group therefore kept the position it held at the top of the Global Dairy Top 20, according to Rabobank’s report.

European companies made up half of the businesses listed. On that basis, Europe accounted for 10 of the 20 companies in the classification. The ranking also included companies from outside Europe, although the supplied report does not identify them individually.

Rabobank’s ranking measures the scale of the leading dairy businesses through their revenues. Its 2025 results combine the reported income of the 20 companies, producing the stated total of $267bn and the year-on-year growth rate of 5.4%.

The figures place Lactalis at the head of a group in which European businesses represent 50% of the entries. The report gives no further information in the supplied material about individual company revenues, country-by-country distribution, product categories or the methodology used to compile the ranking.