Dairy Ingredients Market Valuation – 2024-2031
According to the new report titled " Dairy Ingredients Market By Type (Milk Powders, Milk Protein Concentrates and Milk Protein Isolates, Whey Ingredients, Lactose and Derivatives, Casein and Caseinates, and Other ), By Form (Dry, Liquid), By Method (Traditional Method, Membrane Separation), By Application (Bakery and Confectionery, Dairy Products, Infant Milk Formula, Sports and Clinical Nutrition, and Other), Global Analysis to 2023",
The valuation of the Dairy Ingredients market was $71.4 Billion in 2023 and is projected to reach $135.6 Billion by 2032, at a CAGR of 6.84% from 2021 to 2032.
The Dairy Ingredients Market was valued at $71.4 Billion by 2023 and expected to grow at CAGR of 6.84% over forecast period. The dairy ingredients market refers to the global industry involved in the production, processing, distribution, and sale of various dairy-based ingredients.
The world loves dairy! From milk powder to yogurt, this market is bursting with products made from milk and dairy. These ingredients aren't just for your morning cereal. They're used in everything from cakes and cookies to protein shakes and baby formula. Even our furry friends enjoy dairy in their pet food! But why are dairy ingredients so popular? Well, they're packed with protein, good for our bodies, and people are trying to eat healthier. Plus, they're natural and make food taste delicious. With all these uses, no wonder the dairy ingredient market is growing so fast!
Milk Powder held the largest share in the Dairy Ingredients market
Dairy IngredientsThe Milk Powder Powerhouse Different types of dairy ingredients fill the market, but milk powder stands out as a star player. It's not just any ingredient; it's the versatile hero of food and drinks. Think of milk powder as a magic wand that can transform into fresh milk when you add water. It's the building block for many recipes, hiding in baked treats and dairy drinks. Its superpower? It's got a long shelf life, thanks to its drying process that keeps those pesky bacteria at bay.
This longer shelf life allows for easier storage, transportation, and distribution of dairy products, making milk powder an essential ingredient in food manufacturing and export industries. Milk powder retains the nutritional components of liquid milk, including proteins, vitamins, and minerals. It is a rich source of essential nutrients such as calcium, vitamin D, and potassium, making it an important dietary staple for individuals of all ages. Milk powder is often fortified with additional vitamins and minerals to enhance its nutritional profile, further increasing its importance in meeting dietary requirements.
Europe headed the Dairy Ingredients market in 2023
Europe is a dairy powerhouse with a deep-seated passion for milk and all things dairy. Countries like Germany, France, the Netherlands, and Ireland are heavyweights in the global dairy scene, known for their state-of-the-art milk processing plants, sky-high quality standards, and delectable variety of dairy creations. Europeans can't get enough of their dairy treats! Cheese, yogurt, milk, butter—they're all on their "Dairy Delight" list. These products are made with the finest ingredients, giving them just the right texture, mouthwatering flavor, and a healthy dose of nutrition. But it's not just about taste for Europeans. They're also looking for dairy products that give them that extra health boost. Probiotics? Check. Protein power? Got it. Reduced fat? Of course! They want dairy treats that make them feel good from the inside out. Health-conscious Europeans are fueling a growing demand for healthier dairy options. Low sugar, reduced fat, and a sprinkle of vitamins, minerals, and even plant-based goodies—these are the ingredients they're seeking in their dairy. And the industry is responding, using dairy ingredients to craft products that meet these evolving tastes. Nestlé, Schreiber Foods, Fonterra, and more—these are just a few of the heavy-hitters in the European dairy market. With their innovative products and unwavering focus on quality, they're shaping the future of dairy consumption in Europe.
Report Scope
| REPORT ATTRIBUTES |
DETAILS |
| STUDY PERIOD |
2021-2031
|
| GROWTH RATE |
CAGR of ~5% from 2024 to 2031
|
| BASE YEAR FOR VALUATION |
2024
|
| HISTORICAL PERIOD |
2021-2023
|
| FORECAST PERIOD |
2024-2031
|
| QUANTITATIVE UNITS |
Value in USD Billion
|
| REPORT COVERAGE |
Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
|
| SEGMENTS COVERED |
|
| REGIONS COVERED |
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
|
| KEY PLAYERS |
FrieslandCampina, Fonterra Co-operative Group, Arla Foods, Saputo, Dairy Farmers of America, Ornua, AMCO Proteins, Prolactal, Valio, Glanbia, Batory Foods, Ingredia SA, Agropur, Euroserum, Kerry Group, Hoogwegt Group
|
| CUSTOMIZATION |
Report customization along with purchase available upon request
|
Keyplayers-
- FrieslandCampina
- Fonterra Co-operative Group
- Arla Foods
- Saputo
- Dairy Farmers of America
- Ornua
- AMCO Proteins
- Prolactal
- Valio
- Glanbia
- Batory Foods
- Ingredia SA
- Agropur
- Euroserum
- Kerry Group
- Hoogwegt Group
Reasons to Purchase this Report
Market Analysis and Insights We've analyzed the market from different angles, considering both economic and lifestyle factors. We've broken down the market into segments and sub-segments, and we've provided sales data (in USD billions) for each one. Growth Projections We've identified the regions and segments we expect to grow the most in the coming years. We'll show you where the market is headed and where the opportunities lie. Regional Analysis We'll take a closer look at the consumption patterns in different regions. We'll discuss the local factors that are influencing the market in each area. Competitive Landscape We'll provide a ranking of the top players in the industry, along with details on their recent product launches, alliances, growth strategies, and acquisitions. Company Profiles In-depth profiles of the major market players will give you a clear view of their strengths, weaknesses, and overall strategies. Market Outlook We'll discuss the current and future outlook for the industry, highlighting growth drivers, challenges, and opportunities in both emerging and developed markets. Porter's Five Forces Analysis We'll apply this analytical framework to the market to assess the competitive landscape and identify potential threats and opportunities. Value Chain Analysis We'll examine the value chain to understand how the industry operates, from raw materials to the end product. Market Dynamics We'll explore the market's current and projected growth trajectory, identifying factors that are driving its expansion. Post-Sales Support Our analysts will provide follow-up support for the next six months to answer any questions you may have.
