Dairy industry represents a major segment of the food industry. Every individual consumes dairy products daily in various forms like curd, cheese, milk, and their increased attention towards health and nutrition has increased the demand of dairy products. The dairy farming has been transformed from traditional farming to advanced farming where more tools and equipments are used to fulfill the increasing demand of the customers and has enabled the manufacturers to present the dairy products in different forms like condensed milk, powdered milk, homogenized milk, and pasteurized milk. Government of every country has provided various provisions for subsidies to producers which have helped in encouraging surplus production. Export subsidies have been paid by governments to utilize the excess production in the worldwide markets. Tariff and non-tariff barriers have also been erected by the governments both in developed and developing countries to protect the dairy sector from unfair competition. Production and consumption of cheese is the most amongst all dairy products worldwide. The cheese segment has shown significant growth in the last few years. Japan is the leading cheese importer and accounts for than forty percent of worldwide imports. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests. The report discusses the various segments of the dairy industry and presents an analysis of the milk and dairy products market in India, China, US, European Union, GCC Countries and Japan. It discusses the key growth drivers of dairy industry related to various countries. The report further analyzes the major trends prevalent in the market. The report also profiles the major companies operating in the industry, with a focus on their business strategies.