Global Dairy Ingredients Market Size & Outlook, 2023-2030
Global dairy ingredients market, 2018-2030 (US$M)
Global dairy ingredients market highlights
- The global dairy ingredients market generated a revenue of USD 84,525.9 million in 2023 and is expected to reach USD 120,601.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
- In terms of segment, skimmed milk powder (smp) accounted for a revenue of USD 84,525.9 million in 2023.
- Skimmed Milk Powder (SMP) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 84,525.9 million |
| Market revenue in 2030 | USD 120,601.5 million |
| Growth rate | 5.2% (CAGR from 2024 to 2030) |
| Largest segment | Skimmed milk powder (smp) |
| Fastest growing segment | Skimmed Milk Powder (SMP) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skimmed Milk Powder (SMP) |
Other key industry trends
- In terms of revenue, the North America accounted for 19.3% of the global dairy ingredients market in 2023.
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Dairy Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| FrieslandCampina | View profile | 10001+ | Amersfoort, Utrecht, The Netherlands, Europe | https://www.frieslandcampina.com |
| Lactalis Ingredients | View profile | 1001-5000 | Bourgbarré, Bretagne, France, Europe | https://www.lactalisingredients.com |
| Fonterra Co-operative Group | View profile | 10001+ | Auckland, Auckland, New Zealand, Oceania | http://fonterra.com |
| Arla Foods | View profile | 10001+ | Viby, Skane Lan, Sweden, Europe | http://www.arla.com |
| Dairy Farmers of America | View profile | 10001+ | Kansas, Illinois, United States, North America | https://www.dfamilk.com/ |
| Sodiaal | View profile | 5001-10000 | Paris, Ile-de-France, France, Europe | https://sodiaal.coop/fr |
| Schreiber Foods | View profile | 5001-10000 | Green Bay, Wisconsin, United States, North America | https://www.schreiberfoods.com/en-us |
| Saputo Inc | View profile | 19200 | 6869 Metropolitain Boulevard East, St-Leonard, Montreal, QC, Canada, H1P 1X8 | https://www.saputo.com |
| Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
Global dairy ingredients market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dairy ingredients market will help companies and investors design strategic landscapes.
Skimmed milk powder (smp) was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global dairy ingredients market based on skimmed milk powder (smp) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Dairy Ingredients Product Outlook (Revenue, USD Million, 2018-2030)
- Blenders & Replacers
- Whey Ingredients
- Fat-filled Powder
- Lactose & Derivatives
- Casein & Caseinate
- Skimmed Milk Powder (SMP)
- Whole Milk Powder (WMP)
- Buttermilk Powder
- Permeate Powder/Dried Permeate
- Cream Powder
- Rolled Dried Powder
- MPC & MPI
- Global Dairy Ingredients Application Outlook (Revenue, USD Million, 2018-2030)
- Sports & Clinical Nutrition
- Others
- Infant Milk Formula
- Bakery & Confectionery
- Dairy Products
- Convenience Foods
- Global Dairy Ingredients Type Outlook (Revenue, USD Million, 2018-2030)
- Icecreams
- Chocolates
- Others
- Global Dairy Ingredients Types Outlook (Revenue, USD Million, 2018-2030)
- Recombinant milk
- Others
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Target buyers of Global dairy ingredients market databook
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Our clientele includes a mix of dairy ingredients market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global dairy ingredients market , including forecasts for subscribers. This global databook contains high-level insights into Global dairy ingredients market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global dairy ingredients market size, by regions, 2018-2030 (US$M)
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