Press release
Comprehensive Insights Of The Global Dairy Ingredients Market: Key Drivers, Trends, Growth Opportunities And Forecast For 2025-2034
Dairy Ingredients Market Size
The global dairy ingredients market reached a value of nearly $74.84782 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.64% since 2019. The market is expected to grow from $74.84782 billion in 2024 to $111.89853 billion in 2029 at a rate of 8.37%. The market is then expected to grow at a CAGR of 7.74% from 2029 and reach $162.41534 billion in 2034
What strategies are being adopted by key players in the global dairy ingredients market?
The key players in the market are adopting extensive strategies in the global dairy ingredients market such as:
• Prioritize building strategic partnerships to drive growth
• Strengthen business operations by introducing new product launches
• Expand the milk powder product line through targeted collaborations
• Enhance the overall product portfolio with continuous innovation and new offerings
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To take advantage of opportunities, The Business Research Company suggests that global dairy ingredients companies enhance offerings:
• Develop innovative offerings like lactose-free products to meet rising demand for health-focused, allergy-friendly, and eco-conscious food options
• Form strategic partnerships to harness technological innovations, broaden market presence, and drive product development
• Address the growing consumer demand for premium, sustainable dairy alternatives through collaborative and innovative approaches
What Is Global Dairy Ingredients: Market Overview?
Dairy ingredients refers to components derived from the milk of mammals such as cows, goats, sheep, or buffaloes. These ingredients form the basis of a wide variety of dairy products and are used both as foods and functional ingredients in food processing.
The production of dairy ingredients begins with high-quality raw milk, processed into powders, concentrates and proteins using advanced technologies. Efficient distribution and supply chain systems ensure these ingredients are safely stored, transported and delivered to manufacturers worldwide. Cold chain logistics, traceability and regulatory compliance are critical throughout the process. Strong supplier relationships and strategic warehousing support consistent availability and market responsiveness.
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Who Are The Major Companies Operating In The Global Dairy Ingredients Market?
The top ten competitors in the market made up to 32.80% of the total market in 2023. Fonterra Co-operative Group was the largest competitor with a 13.18% share of the market, followed by:
• Dairy Farmers of America Inc.
• Groupe Lactalis SA
• Agropur Dairy Cooperative
• Royal FrieslandCampina N.V.
• Saputo Inc.
• Arla Foods Inc.
• Sodiaal Group
• Kerry Group
• Glanbia plc
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