The global dairy ingredients market size is projected to expand at a considerable CAGR of 5.83% during the forecast period, 2021–2028. The growth of market is attributed to increasing healthy lifestyle.
Dairy ingredients are substances derived from dairy products that are used in the production of a wide range of meals and beverages, including breads, pastries, soups, chocolates, ice cream, and more. These compounds are stored as liquids, dry powders, and concentrated liquids. Traditional dairy products like butter, cheese, and yoghurt, as well as unusual dairy ingredients like whey powder, whey protein, and lactose, are split into two groups. These components are nutritionally significant because they contain essential nutrients, minerals, vitamins, and proteins in sufficient quantities.
The Covid-19 pandemic affected the demand and supply of global dairy ingredients market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing lifestyle-related illness, social media's influence, and rising health-conscious customers have contributed to a paradigm shift toward a healthy living in the global market, which is projected to boost the market.
- Consumers continue to place a high value on their health & actively seek out healthy alternatives & exercise to avoid lifestyle-related sickness, which is estimated to drive the market.
- The non-athletic population among targeted sports nutrition consumers, ultimately raising dairy protein concentrate sales, which is projected to fuel the market.
- High cost of dairy products is anticipated to hamper the market growth.
Scope of the Report
The report on the global dairy ingredients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Dairy Ingredients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Milk Powders, Milk Protein Concentrate & Milk Protein Isolate, Whey Ingredients, Lactose & Derivatives, Casein & Caseinates, and Others), Applications (Bakery & Confectionery, Dairy Products, Infant Milk Formula, Sports & Clinical Nutrition, and Others)
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Regional Scope
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North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Amul.; Arla Foods.; Dairy Farmers of America.; Fonterra Co-Operative Group Limited.; HATSUN Agro Products
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Market Segment Insights
The milk powder segment is expected to grow at a rapid pace
Based on types, the global dairy ingredients market is divided into milk powders, milk protein concentrate & milk protein isolate, whey ingredients, lactose & derivatives, casein & caseinates, and others. The milk powder segment is expected to grow at a rapid pace during the forecast period owning to enhances shelf life of the product due to lower moisture content, growing demand for ready-to-use foods (RUFs) or fortified blended foods (BFFs), and low fat and moisture content.
The dairy product segment is projected to expand at a considerable CAGR
On the basis of applications, the market is segregated into bakery & confectionery, dairy products, infant milk formula, sports & clinical nutrition, and others. The dairy product segment is projected to expand at a considerable CAGR during the forecast period due to increasing consumer disposable income, along with increased willingness to pay a high price for food goods that provide different health advantages. The dairy ingredients business is also being fueled by regulatory assistance from the US FDA and the UK government, which is aimed at incorporating proteins into foods and beverages.
Asia-Pacific is anticipated to constitute a key market share
In terms of regions, the global dairy ingredients market is classified as North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Asia-Pacific is anticipated to expand at a rapid pace during the forecast period and is expected to constitute a key share of the market during the projected period due to increased demand for high-concentrate components such as whey proteins & milk protein isolates. Low-concentrate components, on the other hand, are common in underdeveloped nations. The global dairy ingredients market is expected to profit from rising disposable incomes and a steady growth in the number of toddlers & infants in the Asia-Pacific region.
Segments
The global dairy ingredients market has been segmented on the basis of
Types
- Milk Powders
- Milk Protein Concentrate & Milk Protein Isolate
- Whey Ingredients
- Lactose & Derivatives
- Casein & Caseinates
- Others
Applications
- Bakery & Confectionery
- Dairy Products
- Infant Milk Formula
- Sports & Clinical Nutrition
- Others
Key Players
- Amul
- Arla Foods
- Dairy Farmers of America
- Fonterra Co-Operative Group Limited
- HATSUN Agro Products
Competitive Landscape
Key players competing in the global dairy ingredients market include Amul.; Arla Foods.; Dairy Farmers of America.; Fonterra Co-Operative Group Limited.; HATSUN Agro Products. Some of these players are adopting various strategies, such as partnerships, acquisitions, and product launches, to gain a larger share in the market.
Recent Developments
- FrieslandCampina announced a collaboration with United Dairymen of Arizona (UDA) in October 2019, mostly for dairy components. The firms expect to manufacture 10 metric tonnes of lactoferrin per year as a result of their collaboration.
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