North America Dairy Ingredients Market

North America Dairy Ingredients Market Growth and Forecast (2023 - 2028):

The North America Dairy Ingredients Market is expected to reach USD 8.86 billion by 2028 from USD 7.2 billion in 2022, growing at a CAGR of 4.23%. The Dairy Ingredients market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with people getting more aware about their health and wellness over the recent years.

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 been showing high potential in their applications in new products, thus showing a rapid growth around recent years. Other key 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 across various regions. The market has been facing some restraints as well, which include rising incidences of lactose intolerance and allergies, available alternatives like plant proteins, adulteration of dairy products. These factors have been responsible for hindering the growth of the market.

North America Dairy Ingredients Market Segmentation Analysis:

The North America Dairy Ingredients Market is segmented by type, form and application. The market segmentation based on type is done into whey ingredients, milk powder, milk protein concentrates, lactose & derivatives, milk protein isolates, casein & caseinates, milk protein hydrolysates. On the basis of form, the segments are milk and whey. Based on segmentation by application the market is categorized into bakery & confectionery, convenience foods, dairy products, sports & clinical nutrition, infant milk formula.

Region Analysis:

Geographically the North America Dairy Ingredients Market is segmented into US, Canada and Rest of North America.

Key Players in the Market:

Major Key Players in the North America Dairy Ingredients Market are

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