Global Dairy Ingredients Market size was valued at USD 53.9 billion in 2020 and is projected to reach USD 74.5 billion by 2026, growing at a CAGR of 5.3% during the forecast period (2021-2026).
The growth of the market is attributed to factors such as increasing demand for dairy products, rising consumer awareness regarding the health benefits of dairy ingredients, and the growing use of dairy ingredients in various food applications, such as bakery, confectionery, and convenience foods. The market is also driven by the increasing adoption of dairy-based protein supplements by athletes and fitness enthusiasts.
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The dairy ingredients market refers to the various ingredients derived from milk that are used in a wide range of food and beverage products. Some of the most common dairy ingredients include milk powder, whey protein, casein, lactose, and butter. These ingredients are used in a variety of applications, including bakery products, confectionery, infant nutrition, and sports nutrition. The market for dairy ingredients is expected to grow steadily in the coming years, driven by factors such as rising demand for dairy-based protein products, increased consumption of dairy products in developing countries, and growing awareness about the health benefits of dairy ingredients.
However, there are also challenges facing the market, such as fluctuating milk prices and concerns about the environmental impact of dairy production. The global dairy ingredients market is highly competitive, with a large number of players operating in the market. Some of the leading companies in the market include Arla Foods, Fonterra Co-operative Group Limited, Friesland Campina, Kerry Group, and Saputo Inc. These companies are constantly innovating and introducing new products to meet the changing needs and preferences of consumers. Overall, the dairy ingredients market is expected to continue to grow in the coming years, driven by factors such as increasing demand for protein-rich foods, the popularity of dairy-based products, and the development of new and innovative dairy ingredients. However, the market is also facing challenges, such as increasing competition and concerns about sustainability and animal welfare.
There are several drivers that are contributing to the growth of the dairy ingredients market:
- Growing demand for protein-rich food products: Dairy ingredients such as whey protein, casein, and milk protein concentrates are highly sought after as they are rich sources of high-quality protein. As consumers become increasingly health-conscious and interested in fitness, the demand for protein-rich food products is growing.
- Increased consumption of dairy products in developing countries: As incomes rise in many developing countries, consumers are increasingly able to afford and demand more dairy products. This is driving demand for dairy ingredients in these regions, as food and beverage manufacturers seek to cater to these emerging markets.
- Rising popularity of functional foods: Functional foods are products that have additional health benefits beyond basic nutrition. Dairy ingredients, such as lactose and probiotics, are often used in functional foods due to their health-promoting properties.
- Technological advancements in dairy processing: Advances in technology are allowing for more efficient and cost-effective production of dairy ingredients. This is making them more accessible to a wider range of food and beverage manufacturers.
- Growing demand for convenience foods: As consumers seek out more convenient and portable food options, dairy ingredients such as milk powders and milk protein concentrates are increasingly being used in the development of these products.
Market Segmentation:
By Type
- Milk Powder
- Whey Protein
- Casein and Caseinates
- Milk Protein Concentrates and Isolates
- Lactose and Derivatives
- Others (Butter Powder, Cheese Powder, etc.)
By Form
- Powder
- Liquid
By Application
- Bakery and Confectionery
- Dairy Products
- Infant Nutrition
- Beverages
- Convenience Foods
- Others (Dietary Supplements, Animal Feed, etc.)
Key Player:
- Arla Foods
- Fonterra Co-operative Group Limited
- FrieslandCampina
- Kerry Group
- Saputo Inc.
- Dairy Farmers of America
- Glanbia PLC
- DMK Group
- Euroserum
- Chr. Hansen Holding A/S
- Lactalis Ingredients
- Hoogwegt Group
- Carbery Group
- Milk Specialties Global
- Ornua Co-operative Limited
Regional Analysis:
The countries covered in the regional analysis of the Global Dairy Ingredients market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Points:
- Define, describe and forecast dairy ingredients market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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