Dairy Ingredients Market

Market Snapshot

Global Dairy Ingredients Market- by product outlook, application, livestock, and on form

Market Synopsys

Global Dairy Ingredients market is valued at 62.80 USD Million in 2021 and is projected to reach a value of 93.72 USD Million by 2028 at a CAGR of 6.90% over the forecast period. Increasing awareness for nutritious food and changing lifestyles are the major factors driving the growth of the Dairy Ingredients market during the forecast period. Different properties of Dairy Ingredients are used for various applications in the food and beverage industry which are increasing the demand for Dairy Ingredients among manufacturers which is the major factor driving the growth of Dairy Ingredients during the forecast period. Increasing consumption of ready-to-eat foods and healthy eating awareness among individuals are the other major factors fueling the growth of the Dairy Ingredients market in the years to come. Furthermore, the increasing investment from the leading businesses operating in the Dairy Ingredients sector, and the rise in income in the developing nations are the factors responsible for the scope of Dairy Ingredients in the upcoming years. Moreover, advancement in supply chain management and growth in technological innovations in the dairy industries have authorized the production of various Dairy Ingredients which is the other major factor fueling the growth of the market in the upcoming years. Further, the introduction of technologies like Radio Frequency Identification (RFID), Robotic milking, and Bluetooth Low Energy (BLE) is responsible for the market expansion of Dairy Ingredients.

Market Segmentation:

The global Dairy Ingredients market is segmented on the basis of product outlook, application, livestock and form. Based on product outlook the market is segmented as Skimmed Milk Powder (SMP), Whole Milk Powder (WMP), Buttermilk Powder, Cream Powder, Blenders and Replacers, Rolled Dried Powder, Fat- filled Powder, Permeate Powder/ Dried Permeate, Lactose and Derivatives, Casein and Caseinate, MPC and MPI, and Whey Ingredients. Based on livestock the market is segmented as cows, and other livestock (Buffaloes, goats, sheep, and camels). By application, the market is segmented as bakery and confectionery, Diary products, Sports nutrition products, Infant formulas, and other applications (convenience food, beverages, meat, poultry, seafood, and other processed food). Based on form, the market is segmented as dry and liquid.

By Livestock, the cow sector is expected to hold the largest market share during the forecast period.

The cow segment is projected to hold the largest share in the dairy ingredient market during the forecast period. The change in lifestyles has altered the consumption of food habits among individuals. Moreover, the demand for snacks and beverages including Dairy Ingredients is increasing during the forecast period. Growth in the milk segment is due to the large population of cows which leads to high milk production. Milk powder is used to provide color, flavor, and texture of the food products which drives the growth of the cow segment in the upcoming years. The extraction of Dairy Ingredients from cow milk is relatively cheap and easy than that of other sources.

By application, the bakery and confectionery segment is expected to acquire the largest market share during the forecast period

The bakery and confectionery segments are accounted for the largest share of the dairy ingredient market during the forecast period. The presence of multiple applications of Dairy Ingredients in the bakery industry is increasing the growth of the bakery and confectionery segments in various regions and countries in the upcoming years. Moreover, Non-fat dried milk and skim milk powder are well-known substitutes for fresh milk in the bakery and confectionery sector which delivers better functionality and performance among people and is increasing the demand for the bakery and confectionery segment during the forecast period.

Asia-Pacific region is projected to hold the largest market share during the forecast period

In 2021, the Asia-Pacific region is projected to dominate the dairy ingredient market. A large quantity of milk is produced in this region which provides the dairy ingredient market the potential to grow in upcoming years. Moreover, this large production of milk in the Asia Pacific region has huge potential to export Dairy Ingredients. The increasing population and growth in purchasing capacity have authorized consumers to demand functional and ready-to-eat food products which are driving the growth of the Asia Pacific region during the forecast period. Improvement in living standards and low mortality rate have authorized consumers to invest more in health and health-related services, and this has increased the market growth for all types of nutritional and ready-to-eat food in different countries such as China, Japan, India, South Korea, and Southeast Asia.

Competitive Landscape

The global Dairy Ingredients market is highly fragmented owing to the presence of a number of players in the market and their strategies in various fields such as bakery and confectionery, Diary products, Sports nutrition products, Infant formulas for the growth of the market in the upcoming years. Some of the major key players in the Dairy Ingredients market are 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).

Dairy Ingredients Market is segmented as follows:

Dairy Ingredients Market is tabulated as follows: