The Top 10 is still headed by Nestlé and dominated by players from the mature markets of Europe and the US. Yet, Japanese contender Meiji Dairies moved up three places to number 11, and Yili from China shot into the rankings for the first time at number 17.
The following list shows the top 20 dairy companies, followed by country of origin in brackets and dairy turnover in US dollars.
ne (Norway) ($3.02bn).
Turnover data is for dairy sales only, and is based on 2009 financials and M&A transactions completed between 1 January and 15 June 2010.
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Source: Rabobank
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