Dairy Ingredients Market by 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), and Regions (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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.
| Attributes | Details |
| Report Title | Dairy Ingredients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | 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) |
| Regional Scope | North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | Amul.; Arla Foods.; Dairy Farmers of America.; Fonterra Co-Operative Group Limited.; HATSUN Agro Products |
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
Segments Covered in the ReportThe 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
- Bakery & Confectionery
- Dairy Products
- Infant Milk Formula
- Sports & Clinical Nutrition
- Others
- 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.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dairy Ingredients Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dairy Ingredients Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dairy Ingredients Market - Supply Chain
4.5. Global Dairy Ingredients Market Forecast
4.5.1. Dairy Ingredients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dairy Ingredients Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Dairy Ingredients Market Absolute $ Opportunity
5. Global Dairy Ingredients Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Dairy Ingredients Market Size and Volume Forecast by Types
5.3.1. Milk Powders Milk Protein Concentrate & Milk Protein Isolate Whey Ingredients Lactose & Derivatives Casein & Caseinates Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Dairy Ingredients Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Dairy Ingredients Market Size and Volume Forecast by Applications
6.3.1. Bakery & Confectionery Dairy Products Infant Milk Formula Sports & Clinical Nutrition Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Dairy Ingredients Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Dairy Ingredients Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Dairy Ingredients Demand Share Forecast, 2019-2026
8. North America Dairy Ingredients Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Dairy Ingredients Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Dairy Ingredients Market Size and Volume Forecast by Types
8.4.1. Milk Powders Milk Protein Concentrate & Milk Protein Isolate Whey Ingredients Lactose & Derivatives Casein & Caseinates Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Dairy Ingredients Market Size and Volume Forecast by Applications
8.7.1. Bakery & Confectionery Dairy Products Infant Milk Formula Sports & Clinical Nutrition Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Dairy Ingredients Demand Share Forecast, 2019-2026
9. Latin America Dairy Ingredients Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Dairy Ingredients Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Dairy Ingredients Market Size and Volume Forecast by Types
9.4.1. Milk Powders Milk Protein Concentrate & Milk Protein Isolate Whey Ingredients Lactose & Derivatives Casein & Caseinates Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Dairy Ingredients Market Size and Volume Forecast by Applications
9.7.1. Bakery & Confectionery Dairy Products Infant Milk Formula Sports & Clinical Nutrition Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Dairy Ingredients Demand Share Forecast, 2019-2026
10. Europe Dairy Ingredients Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Dairy Ingredients Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Dairy Ingredients Market Size and Volume Forecast by Types
10.4.1. Milk Powders Milk Protein Concentrate & Milk Protein Isolate Whey Ingredients Lactose & Derivatives Casein & Caseinates Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Dairy Ingredients Market Size and Volume Forecast by Applications
10.7.1. Bakery & Confectionery Dairy Products Infant Milk Formula Sports & Clinical Nutrition Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Dairy Ingredients Demand Share Forecast, 2019-2026
11. Asia Pacific Dairy Ingredients Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Dairy Ingredients Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Dairy Ingredients Market Size and Volume Forecast by Types
11.4.1. Milk Powders Milk Protein Concentrate & Milk Protein Isolate Whey Ingredients Lactose & Derivatives Casein & Caseinates Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Dairy Ingredients Market Size and Volume Forecast by Applications
11.7.1. Bakery & Confectionery Dairy Products Infant Milk Formula Sports & Clinical Nutrition Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Dairy Ingredients Demand Share Forecast, 2019-2026
12. Middle East & Africa Dairy Ingredients Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Dairy Ingredients Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Dairy Ingredients Market Size and Volume Forecast by Types
12.4.1. Milk Powders Milk Protein Concentrate & Milk Protein Isolate Whey Ingredients Lactose & Derivatives Casein & Caseinates Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Dairy Ingredients Market Size and Volume Forecast by Applications
12.7.1. Bakery & Confectionery Dairy Products Infant Milk Formula Sports & Clinical Nutrition Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Dairy Ingredients Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Dairy Ingredients Market: Market Share Analysis
13.2. Dairy Ingredients Distributors and Customers
13.3. Dairy Ingredients Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Amul Arla Foods Dairy Farmers of America Fonterra Co-Operative Group Limited HATSUN Agro Products
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
- Bakery & Confectionery
- Dairy Products
- Infant Milk Formula
- Sports & Clinical Nutrition
- Others
- Amul
- Arla Foods
- Dairy Farmers of America
- Fonterra Co-Operative Group Limited
- HATSUN Agro Products
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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