Asia Pacific Dairy Ingredients Market

Asia Pacific Dairy Ingredients Market Growth and Forecast (2023 - 2028):

Asia Pacific Dairy Ingredients Market size has been estimated at USD 24 billion in 2022 and is projected to reach USD 33.54 billion by 2028, at a CAGR of 6.92% during the forecast period from 2023 to 2028. The Dairy Ingredients market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the growing consumer awareness about health and wellness.

Market Overview:

Dairy ingredients are one of the most important part of the production of dairy and other food products. Their primary uses include, enhancing the nutrition value, adding flavours, and other functions like emulsification and solubility.

Drivers and Restraints:

The dairy ingredients have a high potential in their applications in new products, and thus have shown a rapid growth over recent years. Other factors contributing to the growth of the market include, increase in demand for bakery products, growing applications in nutrition and convenience foods, increasing dairy production, emerging markets in various regions. Further, the market faces some restraints as well, which include rising incidences of lactose intolerance and allergies, available alternatives like plant proteins, adulteration of dairy products. These factors are hindering the growth of the market.

Asia Pacific Dairy Ingredients Market Segmentation Analysis:

The Asia Pacific market for Commercial Seaweeds is categorized on the basis of application, form and type. The market segmentation based on type is done into milk powder, milk protein concentrates, casein & caseinates, milk protein isolates, whey ingredients, lactose & derivatives, milk protein hydrolysates. Based on application, the market is segmented into bakery & confectionery, convenience foods, sports & clinical nutrition, infant milk formula, dairy products. According to form the segmentation is done under milk and whey.

Geographical Analysis:

Geographically the Asia Pacific Dairy Ingredients Market is segmented into India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia.

Key Players in the Market:

Major Key Players in the Asia Pacific Dairy Ingredients Market are

• Fonterra Co-Operative Group Limited
• Frieslandcampina
• Dairy Farmers of America
• Arla Foods
• Euroserum
• Groupe Lactalis
• Saputo Inc
• Glanbia PLC
• Volac International Limited
• Devondale Murray Goulburn