Source: Danone
Global Performance Highlights
Danone kicked off 2025 with first-quarter sales of €6 844 million, up +4.3% like-for-like on volume/mix (+1.9%) and pricing (+2.4%) contributions . This broad-based growth spanned all categories, led by premium Essensis infant formula in China and protein-rich Oikos Greek yoghurt in North America .
Exports, Imports & Raw Material Sourcing
Milk accounts for roughly 24% of Danone’s raw material costs, with higher milk and logistics prices cited as the main inflation drivers, though U.S. tariffs remain a limited concern due to local production . The group has deployed AI across 500+ cost models to accelerate raw material forecasting .
Global dairy trade reached record levels in 2023—exports hit USD 107.20 billion and imports USD 108.97 billion—with Germany leading Q1 2024 trade at USD 3.57 billion in exports and USD 3.21 billion in imports. U.S. dairy exports reached USD 8.2 billion in 2024, chiefly to Mexico (USD 2.47 B) and Canada (USD 1.14 B) .
Competitive Landscape & Market Outlook
The global infant formula market was valued at USD 47.2 billion in 2024 and is projected to reach USD 122.0 billion by 2030 (CAGR 2.5%). Nestlé leads with >20% market share, followed by Danone (>10%) and Abbott & Mead Johnson (>10%) . According to Rabobank, the top dairy players by FY 2023 revenue were Lactalis (USD 30.2 B), Nestlé (USD 24.1 B), Dairy Farmers of America (USD 21.7 B) and Danone (USD 19.7 B) . Danone has reaffirmed its full-year guidance of 3–5% like-for-like sales growth, with recurring operating income set to outpace sales in 2025 .
