Overview and Scope
Dairy ingredients refer to a substance that is used to make dairy goods or serves as a source of ingredients for products made with milk. It contains milk, yogurt, cheese, lactose-free milk, and yogurt and fortified soy milk. It excludes dairy products with high fat and low calcium content including cream cheese, sour cream, cream, and butter.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the dairy ingredients market in 2023. North America was the second largest market in dairy ingredients market in 2022. The regions covered in the dairy ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the dairy ingredients market report are Fonterra Co-operative Group, Dairy Farmers of America, Groupe Lactalis, Agropur Dairy Cooperative, FrieslandCampina Ingredients, Saputo Inc, Arla Foods, Sodiaal Group, Glanbia PLC, Kerry Group, Milk Specialties, Pacific Dairy Ingredients, ProviCo, Amul, Pacific Dairy, China Mengniu Dairy Company Limited, Milk Powder Co.Ltd, China Shengmu Organic Milk Limited, Mother Dairy, Kwality Limited, Dynamix Dairy, AAVIN, MILMA, Dudhsagar Dairy, Bates Dairy, Muller UK & Ireland, Dairy Crest, Meadow Foods, Dale Farm, Yeo Valley, Glanbia Cheese, Lactalis International, Danone S.A, Savencia Fromage & Dairy, Dutch Dairy Center, Holland Dairy Star BV, Michael and Augustine, Bel Group, J.N Dairies, Carron Lodge Ltd, County Milk Products Ltd, Danone Russia, Kompaniya Pavlov, Molvest, Olam, Rusmolco, CLAL, Siemens Dairy industry, Gabrovo Milk Ltd, JOSSI Ltd, Kondov Ecoproductia, Lactalis, Nestle, Danone North America, Schreiber Foods, Kraft Heinz Co, ConAgra Brands, Prairie Farms Dairy Inc, California Dairies Inc, Sunopta Inc, GLORIA SA, NESTLE PERU SA, SANCOR COOPERATIVAS UNIDAS LIMITADA, Italac, Piracanjuba, La Serenisima, Colun, Ilolay, The Hain Celestial Group Inc, Earth’s Own Food Company, Eden Foods Inc, Al Safi Danone Ltd, Nada Dairy, Nadec, Saudia Dairy and Foodstuff Company (Sadfco), Ornua, Danya Foods Ltd, Al Amoudi Group, Yalla Protein, Almarai, Pinar Dairy Food Co, Friesland Arabia Ltd, Tara Dairy, Arla Food Inc, Dano Milk Nigeria, Fan Milk Plc, FrieslandCampina, Bandini Cheese (Pty) Ltd, Clover SA (Pty) Ltd, Coega Dairy (Pty) Ltd, Danone Southern Africa (Pty) Ltd, Darling Romery (Pty) Ltd, Denmar Estates (Pty) Ltd, The Arab Dairy Products Co, Brego Food Industries
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 – Macro Economic Scenario
5. Global Dairy Ingredients Market Size and Growth
…
32. Global Dairy Ingredients Market Competitive Benchmarking
33. Global Dairy Ingredients Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dairy Ingredients Market
35. Dairy Ingredients Market Future Outlook and Potential Analysis
36. Appendix
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