Dairy Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Dairy Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global dairy ingredients market size reached US$ 69.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 99.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Dairy ingredients are processed as powdered or liquid nutritional and dietary supplements and added to the formulation of dairy products, such as ghee, butter, cheese, ice cream, yogurt, and condensed and dried milk, to enhance their flavor and nutritional content. They generally include colors, sweeteners, stabilizers, cultures, preservatives, and natural or synthetic flavorings. Nowadays, manufacturers are introducing fortified dairy products that contain additional ingredients like probiotics, prebiotics, minerals, proteins, calcium, vitamins, phytoconstituents, omega-3 fatty acids, and other essential nutrients.

Dairy Ingredients Market Trends:
The increasing consumption of dairy products directly or as a base ingredient in the preparation of various dishes represents one of the key factors bolstering the market growth. This can also be attributed to the growing awareness of the health benefits of consuming dairy, such as supporting body growth and controlling blood pressure (BP). Moreover, the escalating demand for organic dairy products on account of the growing prevalence of chronic diseases and the rising consciousness among consumers about the negative impact of consuming synthetic ingredients is driving the market. Apart from this, dairy ingredients are used in sports nutrition to provide carbohydrates for energy, protein for building muscles, and vitamins and minerals for strengthening bones and replacing electrolytes during heavy exercise. This, in confluence with the increasing participation of individuals in sports and physical activities, is contributing to the market growth. Besides this, market players are focusing on developing a wide range of novel flavors, natural colors, and non-genetically modified organisms (GMO) ingredients. They are also offering premium and high-end dairy ingredients, such as skim milk powder, buttermilk powder, whey powder, and complex formulations, which is anticipated to influence the market positively.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy ingredients market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, source, form and application.

Breakup by Product:

Milk Powders
Skimmed Milk Powders
Whole Milk Powders
Milk Protein Concentrates and Milk Protein Isolates
Whey Ingredients
Whey Protein Concentrate (WPC)
Whey Protein Isolate (WPI)
Hydrolyzed Whey Protein (HWP)
Lactose and Derivatives
Casein and Caseinates
Others

Breakup by Source:

Milk
Whey

Breakup by Form:

Dry
Liquid

Breakup by Application:

Bakery and Confectionery
Dairy Products
Infant Milk Formula
Sports and Clinical Nutrition
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Agropur Dairy Cooperative (Farmers Co-operative Dairy Limited), Arla Foods Ingredients Group P/S, Aurivo Co-operative Society Limited, Dairy Farmers of America Inc., Euroserum (Groupe Sodiaal), Fonterra Co-operative Group Limited, Glanbia PLC, Hoogwegt Group B.V., Lactalis Group, Megmilk Snow Brand Co. Ltd., Royal FrieslandCampina N.V., Saputo Inc., Schreiber Foods Inc. and Volac International Limited.

Key Questions Answered in This Report:
How has the global dairy ingredients market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global dairy ingredients market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the source?
What is the breakup of the market based on the form?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global dairy ingredients market and who are the key players?
What is the degree of competition in the industry?