Dairy Ingredients Market Size To Reach $120.60 Billion By 2030

Dairy Ingredients Market Growth & Trends

The global dairy ingredients market size is expected to reach USD 120.60 billion by 2030 and is anticipated to grow at a CAGR of 5.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising demand for dairy products in emerging markets including China and India as a result of product innovation by companies including Nestlé is expected to promote usage of milk powder as a functional ingredient. Rising importance of frozen bakery goods as a result of new product launches by companies including ABF is expected to promote the use of milk powder further over the forecast period.

The emergence of China and India as a major hub for manufacturing baby products on account of increasing birth rates on a domestic level is expected to promote market demand over the projected period.

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Dairy Ingredients Market Report Highlights

• The MPC (Milk Protein Concentrate) and MPI (Milk Protein Isolate) segment dominated the market in 2023 accounting for a revenue share of 19.7% in 2023

• The product is manufactured after ultrafiltration of milk to extract protein and fat which is used extensively as a functional additive for the production of beverages, seasonings, confectionery, soups, sauces, desserts, and baked goods.

• Asia Pacific dominated the market and accounted for a market share of 42.3% in 2023. Rising disposable income of consumers in emerging markets including China, Thailand, Bangladesh, Indonesia, and Malaysia is expected to promote the consumption of food & beverage products and thus likely to augment dairy ingredients market growth.

• In June 2016, Arla Foods Ingredients established a new production unit in Denmark. The facility can produce 4,000 tons of high-quality whey and casein hydrolysates annually.

Dairy Ingredients Market Segmentation

Grand View Research has segmented the global dairy ingredients market report based on product, application, and region

Dairy Ingredients Product Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• Skimmed Milk Powder (SMP)

• Whole Milk Powder (WMP)

• Buttermilk Powder

• Cream Powder

• Blenders & Replacers

• Rolled Dried Powder

• Fat-filled Powder

• Permeate Powder

• Lactose & Derivatives

• Casein & Caseinate

• MPC & MPI

• Whey Ingredients

Dairy Ingredients Application Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• Bakery & Confectionary

  • Chocolates

  • Ice creams

  • Others

• Dairy Products

  • Recombinant Milk

  • Others

• Convenience Foods

• Infant Milk formula

• Sports & Clinical Nutrition

• Others

Dairy Ingredients Regional Outlook (Revenue, USD Million, Volume Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Russia

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

  • Singapore

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Dairy Ingredients Market

• Fonterra Co-Operative Group Limited

• FrieslandCampina

• Arla Food Ingredients

• Glanbia PLC

• Sodiaal Group

• Dairy Farmers of America Inc.

• Saputo, Inc.

• Schreiber Foods Inc.

• Lactalis American Group, Inc.

• EPI Ingredients