Global Dairy Ingredients Market Size, Share, Trends & Growth Forecast Report – Segmented By Form (Milk, Whey), Type (Milk Powder, Whey Ingredients, Milk Protein Concentrates, Milk Protein Isolates, Lactose & Derivatives, Casein & Caseinates, Milk Protein Hydrolysates), Application (Bakery & Confectionery, Dairy Products, Convenience Foods, Infant Milk Formula, Sports & Clinical Nutrition), And Region (North America, Europe, Asia Pacific, Latin America, And Middle East & Africa) - Industry Analysis (2024 To 2029)

Updated On: June, 2024
ID: 2357
Pages: 178

Global Dairy Ingredients Market Size (2024 To 2029)

The size of the global dairy ingredients market is expected to be worth USD 3.66 billion in 2024 and grow at a CAGR of 7% from 2024 to 2029 to achieve USD 5.13 billion by 2029.

Knowledge of the functional properties of dairy ingredients enables food technicians to utilize possible contributions to the product's features to meet consumer expectations.

Dairy ingredients are mainly extracted from milk and whey and are used to develop different types of products with diverse applicability. For example, these ingredients provide food with nutritional and health benefits, flavor and other properties. Traditional heat treatment methods are used to produce dairy ingredients and to cool and taste, while membrane separation techniques are used for the same purpose. Dairy Ingredients are used as constituents in many foods. They have a unique flavor, pleasant texture and excellent nutritional value.

In many cases, dairy ingredients provide easy-to-use labels for packaged foods. In addition, these ingredients have many properties, such as whey protein concentrate, and the isolate has gelling properties and also helps absorb moisture content; Caseinate has the ability to emulsify and stabilize; Lactose helps brown during the heating process. However, lactose has crystallization properties and the hydrolytic activity of the enzyme lactase, which is very important for frozen and confectionery products. Therefore, food manufacturers can choose suitable dairy ingredients to ensure the quality of food. Complemented by the application of versatile dairy ingredients and increased consumer awareness of consumers' healthy eating habits, consumption of functional ready-to-eat foods is increasing, and the global market for dairy ingredients is growing.

MARKET DRIVERS

As awareness of maintaining a healthy lifestyle for people increases, the importance of strengthening food and beverage nutrition is supposed to have a positive impact in the next eight years.

Vegans are expected to consume functional foods enriched with protein to supplement their protein needs will have a significant effect on the market. Food and beverage companies have launched new products, including Kellogg, which is presumed to increase demand for whey and milk powder as demand for protein supplements increases. The ingredients of dairy products in the form of milk powder are reinforced in the preparation of infant products, as they provide a superficial microbiological level, high thermal stability and promote prolonged processing work in the production of infant formulas. Most consumers generally use it as a supplement along with resistance exercises to support improved protein synthesis and help lean tissue mass.

As diet foods become more aware of nutritional supplements, their knowledge of protein-rich foods is expected to fuel the use of dairy ingredients, including whey, in the next eight years. The level of innovation led by Danone, a baby food maker in emerging countries, including China and India, is anticipated to increase demand for powdered milk in the next eight years. Regulatory support for the inclusion of whey protein in food and beverages by the US FDA is assumed. The USA and the UK government will have a substantial impact in the next eight years. Health problems arise between people. R&D activation associated with innovative solutions using dairy ingredients, growth in applications such as confectionery and dairy products, and increased urbanization drive the market growth.

However, the availability of milk substitutes and lactose intolerance and the appearance of milk allergies interfere with this growth. Milk Protein Concentrate (MPC) has functional properties similar to acidic casein and was developed by CO2 infusion, a potential alternative to casein and caseinate components. Recent developments in advanced technologies, such as adsorption chromatography, have created elements with prebiotic benefits, making them an excellent opportunity for market growth.

MARKET RESTRAINTS

The presence of alternatives such as vegetable proteins, increased intolerance to lactose and milk allergies among the population, islimiting this market growth.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

7%

Segments Covered

By Form, Type, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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

 

REGIONAL ANALYSIS

The market for dairy ingredients finds coverage in Europe, North America, Latin America, Asia Pacific and the Middle East and Africa. Asia-Pacific is the fastest-growing region in the market due to events such as the increase in disposable income of the population in emerging markets, including China, India, Bangladesh, Thailand, Malaysia and Indonesia. The Asia-Pacific dairy ingredients market is likely to account for a large part of sales in the global business and is expected to maintain its leadership during the forecast period. As people's health awareness increases, demand for nutritious food and drinks is supposed to increase, and it is expected to lead the market for dairy ingredients in the Asia Pacific. Changes in local eating habits are anticipated to drive regional growth during the outlook period. In addition, favorable government regulations are foreseen to boost investment in the region's food and beverage industry.

European demand was 3,439.2 kilotons. Increased spending by sports professionals and people working on nutritional products in Germany, France, the UK and Russia to improve muscle strength is expected to promote the use of milk powder as a functional ingredient. MEA is expected to grow at an average annual rate of 3.1% from 2016 to 2024. It is presumed to break new ground during propensity movement forecasts in the upstream oil and gas sector to facilitate investment in the food sector and national drinks by governments of countries in the Middle East such as Saudi Arabia, United Arab Emirates and Qatar.

KEY PLAYERS IN THE GLOBAL DAIRY INGREDIENTS MARKET

Major Key Players in the global dairy ingredients market are Frieslandcampina, Fonterra Co-Operative Group Limited, Dairy Farmers of America, Arla Foods, Glanbia PLC, Euroserum, Groupe Lactalis, Saputo Inc, Devondale Murray Goulburn, Volac International Limited and Others.

RECENT HAPPENINGS IN THE MARKET

  • On March 27, 2018, the French dairy cooperative Laita and its subsidiary Epi Ingredients launched a new nutrient, ESI Nutrition.
  • French-based dairy company Danone has launched five new products in its product line, Icelandic Skyer, Laban, Iran, Lacy and Strazisto. These five products are rich in protein with high-fat content and are available in 5 countries, including India, Turkey, Greece and Lebanon.
  • Arla Foods Ingredients opens a new production plant in Denmark. The facility can produce 4,000 tons of high-quality whey and casein hydrolyzate each year.
  • PowerBar has launched a new line of whey products under the Clean Whey brand, which does not have an artificial sweetener formulation and contains 2 grams of sugar.
  • Epigamy launched India's first lactose-free boat, which has creamy texture, low-fat, high-protein Greek yogurt.

DETAILED SEGMENTATION OF THE GLOBAL DAIRY INGREDIENTS MARKET INCLUDED IN THIS REPORT

This research report on the global dairy ingredients market has been segmented and sub-segmented based on form, type, application, and region.

By Form

  • Milk           
  • Whey

By Type

  • Milk Powder          
  • Whey Ingredients
  • Milk Protein Concentrates              
  • Milk Protein Isolates          
  • Lactose & Derivatives        
  • Caasein & Caseinates        
  • Milk Protein Hydrolysates

By Application

  • Bakery & Confectionery   
  • Dairy products      
  • Convenience Foods           
  • Infant Milk Formulas          
  • Sports & Clinical Nutrition

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

 

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Frequently Asked Questions

1. What can be the compound annual growth rate of the global Dairy Ingredients market?

The Global Dairy Ingredients market can expand with a CAGR of 7% during the forecast period.

2. Mention the major Key Players in the Global Dairy Ingredients Market?

By 2028, it is predicted that the global Dairy Ingredients market can reach a valuation of US$ 81.4 billion.

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