Dairy Ingredients Market to be Worth $93.2 Billion by 2031

Dairy Ingredients Market by Source (Milk, Whey), Type (Milk Powder, Whey Protein, Milk Protein), and Application (Food {Bakery, Confectionery, Infant Food}, Beverages {Energy Drinks, Sports Drinks}, Health Supplements, Animal Feed) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Dairy Ingredients Market by Source (Milk, Whey), Type (Milk Powder, Whey Protein, Milk Protein), and Application (Food {Bakery, Confectionery, Infant Food}, Beverages {Energy Drinks, Sports Drinks}, Health Supplements, Animal Feed) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the dairy ingredients market is expected to record a CAGR of 4.9% from 2024 to 2031 to reach $93.2 billion by 2031. The growth of this market is driven by the growing adoption of dairy ingredients in the food industry, increasing health and wellness trends, improvement in supply chain management, rising consumer awareness towards nutritional food, and increasing milk production. Additionally, technological developments in the dairy industry and emerging economies offer significant growth opportunities for dairy ingredient manufacturers. However, demand for plant-based non-dairy alternatives and increasing incidence of lactose intolerance restrain the market’s growth.

Key Players:

The key players operating in the dairy ingredients market are Fonterra Co-Operative Group (New Zealand), Royal Frieslandcampina N.V. (Netherland), Arla Foods Amba (Denmark), Saputo Inc. (Canada), Dairy Farmers of America, Inc. (U.S.), Sodiaal International (France), Lactalis Group (France), Agropur Cooperative (Canada), Schreiber Foods Inc. (U.S.), Savencia S.A. (France), Yili Group (China), Glanbia Plc. (Ireland), Gujrat Cooperative Milk Marketing Federation Ltd (India), Meiji Holdings Co., Ltd. (Japan), Mengniu Dairy Co., Ltd. (China), Megmilk Snow Brand Co., Ltd. (Japan), and Morinaga Milk Co., Ltd. (Japan).

The dairy ingredients market is segmented by source, type, application, and geography. The study also evaluates industry competitors and analyses the market at the regional and country levels.

Based on source, the dairy ingredients market is segmented into milk and whey. In 2024, the milk segment is expected to account for the largest share of the dairy ingredients market. The large market share of this segment is attributed to its broader applications and versatile, functional properties of milk-derived dairy ingredients. However, the whey segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing application in sports nutrition products, functional foods, beverages, and dietary supplements and technological advancement in the dairy processing sector.

Based on type, the dairy ingredients market is segmented into milk powder, whey protein, milk protein, casein and caseinates, third-generation dairy ingredients, lactose and derivatives, buttermilk powder, and whey permeate. In 2024, the milk powder segment is expected to account for the largest share of the dairy ingredients market. The large market share of this segment is attributed to its nutritional benefits, longer shelf life, varied application areas, and reduced transportation & storage costs. However, the milk protein segment is expected to register the highest CAGR during the forecast period.

Based on application, the dairy ingredients market is segmented into food, beverage, nutritional health supplements, animal feed, and other applications. In 2024, the food segment is expected to account for the largest share of the dairy ingredients market. The large market share of this segment is attributed to rising per capita consumption of functional food products, increasing awareness about the multi-functionality of dairy ingredients for processed food products, and growing demand for nutritional and fortifying food products.

Based on geography, in 2024, Asia-Pacific is expected to account for the largest share of the dairy ingredients market. Asia-Pacific’s major market share is attributed to increasing demand for sports nutrition, rising infant population, increasing focus on manufacturing functional food products, changing food consumption preferences, and government policies and programs to support dairy production & processing industries. Additionally, this region is expected to register the highest CAGR during the forecast period due to increasing demand for organic dairy ingredients.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=4994

Key Questions Answered in the Report-

What is the current revenue generated by dairy ingredients globally?
At what rate is the global dairy ingredients demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the global dairy ingredients market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of source, type, and application, are expected to create major traction for manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global dairy ingredients market?
Who are the major players in the global dairy ingredients market? What are their specific product offerings in this market?
What are the recent strategic developments in the global dairy ingredients market? How have these developments impacted market growth?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research