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Dairy Ingredients Market Market is expected to grow with a CAGR 6.90% from 2022 to 2028

As stated by our extensive report, providing insights on type, application, and form, the global Dairy Ingredients Market market accounted for 62.80 USD Million in 2021.

The global Dairy Ingredients Market market is majorly driven by growing protein demand from consumers, and increasing awareness of health and wellness among the consumers. Additionally, the increasing population across the globe is also mounting at its unprecedented level. Thus, increasing demand for dairy ingredients and offering the special opportunity for Dairy Ingredients Market market and driving the market growth over the forecast period.

The demand for food products such as bakery & confectionery, dairy products, sports nutrition products, convenience food, beverages, meat, poultry & seafood is increasing rapidly owing to the increasing population across the globe. Thus, the demand for dairy ingredients is surging, as these ingredients are used in the production of such products.

Additionally, the demand for infant formulas is also increasing across the globe. These infant milk formulas are gaining traction among users owing to their nutritious benefits and easy availability. The baby milk formula offers various advantages over the whole milk. Dairy ingredients are one of the major ingredients in the production of infant formula. Consequently, driving the market growth over the forecast period.

Furthermore, dairy ingredients are used in the production of other nutritional supplements for adults as well as teens. These supplements are available in several distribution channels. The Kroger Company, Edeka Group, Walmart, Fred Mayer, Whole Foods Market, and Target Corporation are some of the major global and regional retail chains. Thus, increasing distribution channels and easy availability of such products ultimately increase the demand for dairy ingredients, further propelling the market growth.

Asia Pacific holds the major share in the market owing to the presence of major layers in the region. Though the Asia Pacific holds the largest share of the market Asia Pacific is anticipated to at fastest Compound Annual Growth Rate (CAGR) over the forecast period. The market growth in the region is attributed to the presence of developing economies in the region. Additionally, the presence of most populated countries such as India and China in the region is further propelling the market growth over the forecast period.  

Some of key players in Dairy Ingredients Market market include, FrieslandCampina (The Netherlands), Groupe Lactalis (France), Arla Foods (Denmark), Saputo (Canada), Fonterra Co-operative Group (New Zealand), Dairy Farmers of America (US), Kerry Group (Ireland), Ornua (Ireland), AMCO Proteins (US), Prolactal (Austria), Valio (Finland), Glanbia (Ireland), Hoogwegt Group (The Netherlands), Batory Foods (US) and Ingredia SA (France)