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Dairy Ingredients Global Market Report 2024 To 2033 | Fonterra Co-operative Group, Dairy Farmers of America, Groupe Lactalis, Agropur Dairy Cooperative, FrieslandCampina Ingredients
Dairy Ingredients Market Share
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According to The Business Research Company's, The dairy ingredients market size has grown strongly in recent years. It will grow from $70.28 billion in 2023 to $75.45 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to strong economic growth in emerging markets, global population growth and growing number of health-conscious consumers..
The dairy ingredients market size is expected to see strong growth in the next few years. It will grow to $101.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to increasing number of diseases, rising population, rising penetration of organized retail, improvements in cold chains, increased dietary consciousness and increasing demand for sports nutrition. Major trends in the forecast period include focusing on automation, focusing on diary protein supplements, leveraging iot, collaborating with e-commerce companies, focusing on clean label products, focusing on partnerships and acquisitions, focusing on developing innovative whey protein ingredients, leveraging 3d printing and focusing on the advancement of separation technologies..
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Market Drivers and Trends:
The rise in health concerns among people is contributing to the growth of the dairy ingredients market. Health-conscious individuals are increasing their intake of health products, including dietary products, to maintain a healthy lifestyle. For instance, according to the report published by the World Health Organization, a Switzerland-based government agency and provider of leadership on global health matters, in 2021, safely managed sanitation services grew from 47% to 54%. Additionally, it is anticipated that by 2030, 67% of people will have access to safe sanitation. The rise in health concerns will drive the growth of the dairy ingredients market.
Automation in the dairy industry is a key trend gaining popularity in the dairy ingredients market. Automation within the dairy industry is a complete integrated dairy plant system. Automation in the dairy industry's manufacturing creates robotic systems that improve production control while increasing capacity. For instance, Swedish automation company ABB offers automation solutions for milk reception, pasteurization, and monitoring and control while transferring milk, cream, and buttermilk from reception tanks to packaging machines. The automation systems offer better filtration, automatic de-clogging, high and medium-pressure cleaning with multiple repetitions while reducing the loss of milk and limiting the need for cleaning agents.
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Major Key Players of the Market:
Americold Logistics, Burris Logistics, Nichirei Corporation, United States Cold Storage, Lineage Logistics Holdings, VersaCold Logistics Services, Tippmann Group, Congebec Inc, Snowman Logistics Ltd, Conestoga Cold Storage, Cold Box India LLP, Rinac India Limited, Singhania Logistics & Distribution Pvt. Ltd, Sinotrans Shanghai Cold Chain Company, Kerry Logistics Network Limited, Global Cold Chain Solutions, Valley Food Storage, ACS&T Logistics, VIMA Foods, Logifrio, Cabezuelo Foods, Ebro Foods, CRS IE, Maersk, Ruzave, FREJA Transport & Logistics, Priority Freight, Dropex, Internel Sp. z o.o, NATANEX, PUH Jamax, Fructus Transport, Artrans Transport, DH Warehousing & Fulfillment Ltd, Belleair Storage, Sysco EastTexas LLC, Freedom Warehousing and Solutions, Sam Dune Enterprises, Des Moine Cold Storage Co, Paige Logistics Ltd, N&N Logistics Inc, XPO Logistics, Legacy Logistics, Localfrio S/A, Brado Logistica S/A, ComFrio, Friozem Armazens Frigorificos Ltda, Martini Meat S/A, Agility, Al Futtaim, RSA Cold Chain, Sharjah cold stores, Tameem logistics, APG Logistics, GEFCO South Africa, Value Logistics, Transnova, KAP Industrial Holdings Limited, Tsiko Africa Group, Bakers SA Limited
Dairy Ingredients Market 2024 Key Insights:
• The dairy ingredients market size is expected to see strong growth in the next few years. It will grow to $101.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• Growing Health Consciousness Boosts Dairy Ingredients Market
• Rising Trend Of Automation Revolutionizes Dairy Ingredients Manufacturing
• Asia-Pacific was the largest region in the dairy ingredients market in 2023
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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