The “dairy ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report by IMARC Group offers a detailed analysis of the industry, including dairy ingredients market growth, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big Is The Dairy Ingredients Market?
The global dairy ingredients market size reached US$ 69.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 99.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
What are Dairy Ingredients?
Dairy ingredients refer to processed powdered or liquid nutritional and dietary supplements that are added to the formulation of dairy products, including butter, ghee, cheese, yogurt, ice cream, and condensed and dried milk, to improve their flavor and nutritional content. They mostly consist of milk powders, milk protein concentrates, milk protein isolates, whey ingredients, lactose and derivatives, caseins, etc. Dairy ingredients have great functional benefits and naturalness and provide richness, texture, color, and flavor to food products. Consequently, they find widespread applications in the food and beverage segment across the globe.
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What Are The Growth Prospects And Trends In The Dairy Ingredients Industry?
The growing consumption of dairy products directly or as a base ingredient in the preparation of several dishes is among the key factors driving the dairy ingredients market. Additionally, the elevating awareness about the advantages of consuming dairy, such as improved body growth and controlled blood pressure (BP), and the inflating demand for organic dairy products, owing to the rising consumer consciousness regarding the negative health impact of consuming synthetic ingredients, are acting as significant growth-inducing factors.
Besides this, the increasing usage of the product in sports nutrition to offer protein for building muscles, carbohydrates for energy, and vitamins and minerals for strengthening bones is also positively influencing the market growth. Moreover, the escalating focus among leading market players on developing an extensive range of natural colors, novel flavors, and non-genetically modified organisms (GMO) ingredients and the launch of premium and high-end products, which include whey powder, skim milk powder, buttermilk powder, and complex formulations are expected to propel the dairy ingredients market over the forecasted period.
What Is Included In Market Segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Skimmed Milk Powders
- Whole Milk Powders
Milk Protein Concentrates and Milk Protein Isolates
- Whey Protein Concentrate (WPC)
- Whey Protein Isolate (WPI)
- Hydrolyzed Whey Protein (HWP)
Lactose and Derivatives
Casein and Caseinates
Breakup by Source:
Breakup by Form:
Breakup by Application:
- Bakery and Confectionery
- Dairy Products
- Infant Milk Formula
- Sports and Clinical Nutrition
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- Agropur Dairy Cooperative (Farmers Co-operative Dairy Limited)
- Arla Foods Ingredients Group P/S
- Aurivo Co-operative Society Limited
- Dairy Farmers of America Inc
- Euroserum (Groupe Sodiaal)
- Fonterra Co-operative Group Limited
- Glanbia PLC
- Hoogwegt Group B.V.
- Lactalis Group, Megmilk Snow Brand Co. Ltd.
- Royal FrieslandCampina N.V.
- Saputo Inc.
- Schreiber Foods Inc.
- and Volac International Limited.
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