Dairy Ingredients Market Size 2022-2027: Global Industry Share, Trends, Growth and Forecast

The latest research study "Dairy Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the Global Dairy Ingredients Market size reached US$ 65.03 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 97.32 Billion by 2027 exhibiting a CAGR of 6.60% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Dairy ingredients refer to processed powdered or liquid dietary and nutritional supplements that are added to the formulation of butter, cheese, ice cream, yogurt, and condensed or dried milk, to improve their flavor and nourishment content. They consist of colors, stabilizers, sweeteners, preservatives, synthetic or natural flavorings, etc. Dairy ingredients are rich in minerals, calcium, vitamins, omega-3 fatty acids, phytoconstituents, etc. Consequently, they find extensive applications across numerous segments of the food and beverage sector, such as bakery, confectionery, sports and clinical nutrition, etc.

Dairy Ingredients Market Trends and Drivers:

The growing utilization of dairy products directly or as a base ingredient in the preparation of several dishes is primarily driving the dairy ingredients market. Furthermore, the elevating awareness towards the various health benefits of consuming milk, lactose, whey, etc., including controlling blood pressure, strengthening bones, improving energy levels, etc., is acting as another significant growth-inducing factor.

Besides this, the increasing demand for organic derivatives, owing to the prevalence of chronic diseases from synthetic ingredients, is also positively influencing the global market.

Additionally, the expanding need for sports supplements and nutrition products, on account of the rising participation of individuals in fitness activities and the development of an exhaustive range of items with novel flavors, natural colors, and non-genetically modified organisms (GMO) components by leading market players are anticipated to bolster the dairy ingredients market in the coming years.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product:
• Milk Powders
o Skimmed Milk Powders
o Whole Milk Powders
• Milk Protein Concentrates and Milk Protein Isolates
• Whey Ingredients
o Whey Protein Concentrate (WPC)
o Whey Protein Isolate (WPI)
o 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

List of Major Key Players:

The major players in the market are 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.

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This release was published on openPR.