The Dairy Ingredients by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Dairy Ingredients, The dairy ingredients market size has grown strongly in recent years. It will grow from $70.28 billion in 2023 to $75.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, global population growth and growing number of health-conscious consumers..
The dairy ingredients market size is expected to see strong growth in the next few years. It will grow to $101.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing number of diseases, rising population, rising penetration of organized retail, improvements in cold chains, increased dietary consciousness and increasing demand for sports nutrition. Major trends in the forecast period include focusing on automation, focusing on diary protein supplements, leveraging iot, collaborating with e-commerce companies, focusing on clean label products, focusing on partnerships and acquisitions, focusing on developing innovative whey protein ingredients, leveraging 3d printing and focusing on the advancement of separation technologies..
The rise in health concerns among people is contributing to the growth of the dairy ingredients market. Health-conscious individuals are increasing their intake of health products, including dietary products, to maintain a healthy lifestyle. For instance, according to the report published by the World Health Organization, a Switzerland-based government agency and provider of leadership on global health matters, in 2021, safely managed sanitation services grew from 47% to 54%. Additionally, it is anticipated that by 2030, 67% of people will have access to safe sanitation. The rise in health concerns will drive the growth of the dairy ingredients market.
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The dairy ingredients market covered in this report is segmented –
1) By Type: Milk Powder, Whey Protein, Milk Protein, Third- Generation Ingredient, Casein, Butter Milk Powder, Milk Permeate, Whey Permeate, Lactose
2) By Source: Milk, Whey
3) By Form: Powder, Liquid
4) By Production Method: Traditional Method, Membrane Separation
5) By Application: Dairy Products, Convenience Food, Bakery And Confectionery, Infant Milk Formula, Sports Nutrition, Medical Nutrition, Animal Nutrition, Other Applications
Sub segment: Whey Protein Concentrate (WPC, Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP), WPC 80, WPC34, Other Concentrates, Food, Feed, Pharmaceuticals And Nutraceutical, Infant Formula, Other Uses, Sweet Whey, Acid Whey
Automation in the dairy industry is a key trend gaining popularity in the dairy ingredients market. Automation within the dairy industry is a complete integrated dairy plant system. Automation in the dairy industry’s manufacturing creates robotic systems that improve production control while increasing capacity. For instance, Swedish automation company ABB offers automation solutions for milk reception, pasteurization, and monitoring and control while transferring milk, cream, and buttermilk from reception tanks to packaging machines. The automation systems offer better filtration, automatic de-clogging, high and medium-pressure cleaning with multiple repetitions while reducing the loss of milk and limiting the need for cleaning agents.
The dairy ingredients market report table of contents includes:
1. Executive Summary
2.Dairy Ingredients Market Characteristics
3.Dairy Ingredients Market Trends And Strategies
4. Dairy Ingredients market analysis
5.Dairy Ingredients Market Size And Growth
6. Dairy Ingredients Segmentation
7.Dairy Ingredients Regional And Country Analysis
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27.Dairy Ingredients Competitive Landscape And Company Profiles
28.Dairy Ingredients Key Mergers And Acquisitions
29. Dairy IngredientsFuture Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Fonterra Co-operative Group
- Dairy Farmers of America
- Groupe Lactalis
- Agropur Dairy Cooperative
- FrieslandCampina Ingredients
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