Published on 28 Jun 2019:

Meticulous Research® – leading global market research company is researching on dairy ingredients market titled Dairy Ingredients Market by Product (Milk Powder, Milk Protein, Whey Protein, Lactose & Derivatives, Casein Protein), by Source (Milk Based, Whey Based), by Production Method (Traditional Method, Membrane Separation) Application (Bakery and Confectionery, Dairy Products, Infant Milk Formula, Sports Supplements, Paediatrics, Medical Nutrition) - Global Forecast to 2027”.            

Dairy Ingredients Market Dynamics

According to this latest publication from Meticulous Research®, Dairy Ingredients Market is Growing at a CAGR of 6-8% to Reach Cross USD 90.0 billion by 2027. The growth of this market is mainly attributed to changing food landscape, increasing demand for fortified food products, growing prominence of nutritional enrichment in foods & beverages due to increased awareness towards maintaining healthy lifestyle among individuals. In the last few years, food consumption habits and preferences have changed to a great extent. Changing demographics, increasing health concerns, increasing women workforce, influence of food elite, growing disposable income, growing trend toward vegetarianism, and food customization has brought numerous changes to the food industry. This is having a significant impact on the health and nutritional status of populations, particularly in developing countries. Hence, food processors are continuously seeking and exploring new processing and preservation technologies with the help of innovative ingredients, which is fueling the adoption of dairy ingredients across the globe. The dairy ingredients market is also being driven by the regulatory support from the US FDA and UK government to incorporate proteins in food and drinks.

However, availability of alternatives, like plant protein and low-cost of soy protein are hindering the market growth. In addition, the increase lactose intolerance and milk allergies are also anticipated to pose a challenge to the growth of dairy ingredients market.

Milk Powder to Witness the Largest Demand Through 2027

Based on type, milk powder commanded the largest share of dairy ingredients market in 2018, owing to its less moisture content and presence of several nutrients such as vitamin C, vitamin B12, thiamin, and high amounts of protein, which contributes to the higher shelf life of the product and increased application in infant food products.

Dairy Products Expected to Dominate the Global Dairy Ingredients Market during the Forecast Period

Based on application, the dairy products accounted for the largest share in 2018 as dairy ingredients are used in almost all dairy products for enhancing the nutritional content, flavor, and other benefits from dairy ingredients such as emulsification and solubility. Owing to which, the application of dairy ingredients is extensive in dairy products. However, sport and clinical nutrition is expected to witness the rapid growth during the forecast period.

Asia-Pacific: The Fastest Growing Regional Market

Asia-Pacific commanded the largest share of the global dairy ingredients market in 2018, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. The large share of Asia-Pacific region is mainly attributed to growing living standards, increase in the infant formula industry, developing modern infrastructure to make chilled dairy products in rural areas, and modern trade development. Further, Europe and North America are anticipated to hold a significant position in the global dairy ingredients market due to high awareness regarding health, rise in preference for the nutritious food, and high consumption of bakery and confectionery food.

Key Players in the Dairy Ingredients Market

The key players operating in the global dairy ingredients market are Glanbia, PLC, Amul, Groupe Lactalis, Arla Foods, Devondale Murray Goulburn, Kanegrade Ltd, Fonterra Co-Operative Group Limited, Nestle SA, Saputo Inc., Dairy Farmers of America, Volac International Limited, FrieslandCampina, Murray Goulburn Co-operative, Nova Dairy products, HATSUN Agro Products, and Euroserum.

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