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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