Global Dairy Ingredients Market to Grow with a CAGR of 6.1% through 2028
The Global Dairy Ingredients Market is driven by a
multifaceted interplay of factors, including the demand for nutrient-rich and
functional foods, technological advancements fostering innovation, and the
influence of urbanization and the global food trade.
According to the TechSci Research report, “Dairy Ingredients Market – Global Industry
Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”,
the Global Dairy Ingredients market stood at USD69.43 billion in 2022 and is
anticipated to grow with a CAGR of 6.1% in the forecast period, 2024-2028. The
global dairy ingredients market is a dynamic and pivotal segment within the
larger dairy and food industry, characterized by its versatility, widespread
applications, and significant contribution to a wide range of products.
Dairy ingredients serve as essential components in
an extensive array of food and beverage products. From dairy-based beverages,
baked goods, confectionery, and dairy desserts to infant formula and
nutritional supplements, dairy ingredients provide taste, texture, nutritional
value, and functionality that contribute to the appeal of these products. This
versatility is a driving force behind the market's sustained growth.
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The increasing consumption of dairy products
across the globe is a significant driver of the dairy ingredients market. As
populations grow, incomes rise, and dietary habits evolve, the demand for
dairy-based foods and beverages continues to surge. Dairy ingredients are
central to fulfilling this demand and catering to diverse consumer preferences.
Consumer awareness of health and wellness has led
to a demand for dairy ingredients that offer nutritional benefits. Ingredients
like whey protein, casein, and milk powder are sought after for their protein
content, while probiotics derived from dairy provide digestive health benefits.
The market responds by offering ingredients that align with consumers'
nutritional goals.
Consumers are increasingly drawn to products
containing natural and minimally processed ingredients. In response, the dairy
ingredients market has seen a growing interest in natural dairy components,
such as non-GMO, hormone-free, and organic dairy ingredients, which resonate
with health-conscious and environmentally aware consumers.
The dairy industry faces scrutiny over its
environmental impact, particularly related to greenhouse gas emissions, water
consumption, and waste management. As consumers demand more sustainable
practices, the dairy ingredients market must address these concerns through
responsible sourcing, energy-efficient processes, and waste reduction
initiatives. The rise of plant-based diets and concerns over allergens present
challenges for the dairy ingredients market. Manufacturers must innovate by
offering plant-based dairy substitutes while addressing allergen
cross-contamination risks in production facilities to cater to a broader range
of dietary preferences. Ensuring consistent quality and safety across dairy
ingredients is critical. Variability in source milk, processing methods, and
storage conditions can impact the final product's quality. Rigorous quality
control measures are essential to maintain consumer trust and meet regulatory
standards.
As consumer preferences diversify, the market will
continue to offer a wide variety of dairy ingredients tailored to different
applications. Specialty ingredients like protein isolates, lactose-free
products, and probiotics will grow in prominence. The focus on health and
wellness will drive the demand for dairy ingredients that offer functional
benefits, such as proteins for muscle development, calcium for bone health, and
probiotics for digestive well-being.
The plant-based movement will spur the development
of dairy ingredient alternatives derived from sources like soy, almond, and
oats. Manufacturers will innovate to provide plant-based options that mirror
the functionality of traditional dairy ingredients. The market will prioritize
sustainability by adopting eco-friendly sourcing practices, reducing waste, and
minimizing environmental impacts. Manufacturers that demonstrate environmental
responsibility will gain a competitive advantage.
The convergence of culinary traditions from
different regions will lead to innovative dairy ingredient applications. Fusion
foods and global-inspired products will captivate consumers seeking new taste
experiences. Developing regions with increasing disposable incomes, such as
Asia Pacific and Latin America, will contribute to the market's growth. These
markets will seek dairy ingredients to support changing dietary habits and food
preferences.
The global Dairy Ingredients market is segmented
based on type, source, application, and region.
Based on the type, the market is segmented into milk
powder, whey ingredients, milk protein concentrates, milk protein isolates, and
others. Among these, the milk powder segment has a significant share in the global
dairy ingredients market during the forecast period. From dairy-based beverages
and baked goods to confectionery, sauces, and dairy desserts, milk powder
enhances taste, texture, and nutritional content while extending product shelf
life.
Based on region, the market is segmented into North
America, Europe, Asia Pacific, Middle East & Africa, and South America. Among
these, the Asia Pacific segment has a significant share of the global dairy
ingredients market during the forecast period. This prominence is driven by
several factors that underscore the region's evolving dietary preferences,
increasing consumption of dairy products, economic growth, and diverse food
processing industries.
Major companies operating in the global dairy
ingredients market are:
- Arla Foods amba
- Dairy Farmers of
America
- Sodiaal co-operative
group
- Fonterra Co-Operative
Group Limited
- Royal Friesland Campina
- Kerry Group PLC
- Kanegrade Ltd
- Volac International Ltd
- Hoogwegt International
BV
- Saputo Inc.
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“The global dairy ingredients market plays an
integral role in shaping the food and beverage industry's landscape. As
consumer preferences shift toward health-conscious, sustainable, and diverse
options, manufacturers in this market have the opportunity to innovate, offer
functional benefits, and address challenges such as environmental impact and
dietary shifts. By embracing sustainability, quality assurance, and culinary
innovation, the dairy ingredients market is positioned for sustained growth and
positive contributions to global food consumption patterns.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Dairy Ingredients Market By Type (Milk
Powder, Whey Ingredients, Milk Protein Concentrates, Milk Protein Isolates, and
Others), By Source (Milk and Whey), By Application
(Bakery & Confectionery, Dairy Products, Convenience Food, and Others), By
Region, By Competition Forecast
& Opportunities, 2018-2028F,
has evaluated the future growth
potential of the dairy ingredients market globally and provides statistics and
information on market structure, size, share, and future growth. The report
provides cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the
market of dairy ingredients globally.
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