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

Market Overview:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product, Source, Form, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


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?

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Dairy Ingredients Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Milk Powders
        6.1.1 Market Trends
        6.1.2 Key Segments
           6.1.2.1 Skimmed Milk Powders
           6.1.2.2 Whole Milk Powders
        6.1.3 Market Forecast
    6.2    Milk Protein Concentrates and Milk Protein Isolates
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Whey Ingredients
        6.3.1 Market Trends
        6.3.2 Key Segments
           6.3.2.1 Whey Protein Concentrate (WPC)
           6.3.2.2 Whey Protein Isolate (WPI)
           6.3.2.3 Hydrolyzed Whey Protein (HWP)
        6.3.3 Market Forecast
    6.4    Lactose and Derivatives
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Casein and Caseinates
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Source
    7.1    Milk
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Whey
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Form
    8.1    Dry
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Liquid
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Application
    9.1    Bakery and Confectionery
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Dairy Products
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Infant Milk Formula
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Sports and Clinical Nutrition
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Others
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Agropur Dairy Cooperative (Farmers Co-operative Dairy Limited)
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    Arla Foods Ingredients Group P/S
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Aurivo Co-operative Society Limited
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Dairy Farmers of America Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 SWOT Analysis
        15.3.5    Euroserum (Groupe Sodiaal)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Fonterra Co-operative Group Limited
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Glanbia PLC 
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    Hoogwegt Group B.V.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Lactalis Group
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Megmilk Snow Brand Co. Ltd.    
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
        15.3.11    Royal FrieslandCampina N.V. 
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Saputo Inc.
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    Schreiber Foods Inc.
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 SWOT Analysis
        15.3.14    Volac International Limited
           15.3.14.1 Company Overview
           15.3.14.2 Product Portfolio

List of Figures

Figure 1: Global: Dairy Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Dairy Ingredients Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Dairy Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Dairy Ingredients Market: Breakup by Product (in %), 2022
Figure 5: Global: Dairy Ingredients Market: Breakup by Source (in %), 2022
Figure 6: Global: Dairy Ingredients Market: Breakup by Form (in %), 2022
Figure 7: Global: Dairy Ingredients Market: Breakup by Application (in %), 2022
Figure 8: Global: Dairy Ingredients Market: Breakup by Region (in %), 2022
Figure 9: Global: Dairy Ingredients (Milk Powders) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Dairy Ingredients (Milk Powders) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Dairy Ingredients (Milk Protein Concentrates and Milk Protein Isolates) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Dairy Ingredients (Milk Protein Concentrates and Milk Protein Isolates) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Dairy Ingredients (Whey Ingredients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Dairy Ingredients (Whey Ingredients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Dairy Ingredients (Lactose and Derivatives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Dairy Ingredients (Lactose and Derivatives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Dairy Ingredients (Casein and Caseinates) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Dairy Ingredients (Casein and Caseinates) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Dairy Ingredients (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Dairy Ingredients (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Dairy Ingredients (Milk) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Dairy Ingredients (Milk) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Dairy Ingredients (Whey) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Dairy Ingredients (Whey) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Dairy Ingredients (Dry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Dairy Ingredients (Dry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Dairy Ingredients (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Dairy Ingredients (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Dairy Ingredients (Bakery and Confectionery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Dairy Ingredients (Bakery and Confectionery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Dairy Ingredients (Dairy Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Dairy Ingredients (Dairy Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Dairy Ingredients (Infant Milk Formula) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Dairy Ingredients (Infant Milk Formula) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Dairy Ingredients (Sports and Clinical Nutrition) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Dairy Ingredients (Sports and Clinical Nutrition) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Dairy Ingredients (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Dairy Ingredients (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Dairy Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Dairy Ingredients Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Dairy Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Dairy Ingredients Industry: SWOT Analysis
Figure 89: Global: Dairy Ingredients Industry: Value Chain Analysis
Figure 90: Global: Dairy Ingredients Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Dairy Ingredients Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Dairy Ingredients Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Dairy Ingredients Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: Dairy Ingredients Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 5: Global: Dairy Ingredients Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Dairy Ingredients Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Dairy Ingredients Market: Competitive Structure
Table 8: Global: Dairy Ingredients Market: Key Players


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