Lately in Ukraine, a promising development area of the sheep industry is young lamb, and sheep's milk. The article analyzes and summarizes the FAO data on lamb and sheep milk production dynamics globally and in Ukraine for the period 2008-2018. The research results indicate that the world production of lamb in general for the stated period increased by 14.0 %. Such countries as Chad (2.15 times), Uzbekistan (1.95 times), and Algeria (1.82 times) observed a significant increase in lamb production. In Europe, the leaders in the production of lamb are Great Britain (289 thousand tons), Russia (205.1 thousand tons), and Spain (119.6 thousand tons). During the study period, the production of lamb in Spain decreased by 23.8 %, in New Zealand, France, and Sudan, respectively, by 21.2; 21.5 and 20.4 %. There is a decrease in this indicator in the UK by 12.8 %, Syria – 12.6 %, and India – by 12.2 %. In Ukraine, the production of lamb in 2018 amounted to 7.8 thousand tons, 7.14 % lower than in 2008. The leading countries in sheep milk production are Turkey – 13.6% of the world's milk volume, China – 11.1 %, and Greece – 7.1 %. Turkey (2.15 times) and Mali (1.92 times) had a high increase in milk production for the specified period. Countries such as Iran (1.37 times), France (1.33 times), and Spain (1.24 times) have had a relatively good increase in milk production over the past ten years. Milk production decreased significantly in Sudan, Syria, India, and Italy, by 17.7, respectively; 9.2; 7.67 and 7.05 %. In general, during the study period, sheep's milk production in the world increased by 16.6 %. In 2018, Ukraine produced 18.1 thousand tons of sheep's milk, 24.3 % less than in 2008. In Ukraine, the decrease in lamb and sheep milk production increased due to the decrease in sheep number by 29.6 % (the increase from 2018 to 2008).