Dairy Ingredients Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Dairy Ingredients Market is segmented by Type (Milk Powders, Milk Protein Concentrate & Milk Protein Isolate, Whey Ingredients, Lactose & Derivatives, Casein & Caseinates, and others); by Application (Bakery & Confectionery, Dairy Products, Infant Milk Formula, Sports & Clinical Nutrition, Other), and Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa)

Market Snapshot

Dairy Ingredients Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: Asia Pacific
CAGR: 5.83 %

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Market Overview

The global dairy ingredients market is projected to grow at a CAGR of 5.83% during the forecast period (2021 - 2026).

The global marketplace has been witnessing a paradigm shift toward a healthy lifestyle, created by the rise of lifestyle-related illness, social media’s influence, increasingly health-conscious consumers, etc.

As a result, consumers continue to prioritize their health and actively search for healthy alternatives and fitness activities, in order to prevent lifestyle-related illness. This in turn is zoning-in the non-athletic population, among targeted consumers of sports nutrition, eventually driving the sales of dairy protein concentrates.

The coronavirus pandemic has taken its toll on the industry causing logistical and processing disruption, throughout the year. The closure of HORECA and the hospitality industry led to the loss in demand for liquid milk, causing pressure on milk procurement prices. Major dairy producing countries ike India, even experienced an oversupply of milk with respect to (reduced) demand, leading to ingredients like SMP prices crashing domestically.

The conditions, however started to change soon after countries lifted lockdowns and eased restrcitions on logistics, bringing the growth trajectory back to normal of the market studied.

Scope of the Report

The global dairy ingredients market is segmented on the basis of application, type, and geography. By type, the market covers Milk Powders, Milk Protein Concentrate & Milk Protein Isolate, Whey Ingredients, Lactose & Derivatives, Casein & Caseinates, and others. By application, the report analyses sectors including Bakery & Confectionery, Dairy Products, Infant Milk Formula, Sports & Clinical Nutrition, Other. Also, the study provides an analysis of the dairy ingredients market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Type
Milk Powders
Skimmed Milk Powders
Whole Milk Powders
Milk Protein Concentrate & Milk Protein Isolate
Whey Ingredients
Whey Protein Concentrate (WPC)
Whey Protein Isolate (WPI)
Hydrolyzed Whey Protein (HWP)
Lactose & Derivatives
Casein & Caseinates
Dairy Blenders & Replacers
Others
By Application
Bakery & Confectionery
Dairy Products
Infant Milk Formula
Sports & Clinical Nutrition
Other
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Growing Awareness Towards Healthy Food

The growing prominence of nutritional enrichment in foods & beverages due to increased awareness towards maintaining a healthy lifestyle among individuals is projected to have a positive impact on the dairy ingredients market. The dairy ingredients market is also being driven by the regulatory support from the United States FDA and United Kingdom government, which is intended to incorporate proteins in food and drinks. The rise in disposable income of the consumers, coupled with increased inclination to pay a premium price for food products with various health benefits is a key driver in the dairy ingredients market. Increasing demand for protein supplements in food items has resulted in new product launches by food & beverage companies, which is expected to fuel the demand for whey and milk powders.

Dairy Ingredients Market 1

Asia-Pacific Holds the Major Share in Dairy Ingredient Market

Asia-Pacific is the largest segment in the dairy ingredients market, followed by Europe and North America. The European and North American markets are also projected to witness growth over the forecast period. High-concentrate ingredients, such as whey proteins and milk protein isolates, are majorly used in developed nations, such as the United States, Germany, and France. On the other hand, low-concentrate ingredients are prevalent in developing countries. An increase in disposable incomes, along with a constant increase in the toddler and infant population in the Asia -Pacific region, is anticipated to benefit the global dairy ingredients market.

Dairy Ingredients Market2

Competitive Landscape

The global dairy ingredients market is highly fragmented, owing to a number of players involved in the market. Arla Food Ingredients, Fonterra Co-Operative, and Royal Friesland Campina are some of the major players operating in the dairy ingredients market. The major players that are operating in the dairy ingredients industry are strengthening their presence with product innovations, partnerships, and expansions. ​

Recent Developments

In October 2019, FrieslandCampina entered a partnership with United Dairymen of Arizona (UDA), primarily for dairy ingredients. Through this partnership, the companies are planning to produce 10 metric ton of lactoferrin per year. Furthermore, both the companies see this as an opportunity for further collaboration. ​

In November 2019, Arla Foods Ingredients launched two maternal supplementation concepts to support children’s cognitive development during pregnancy and lactation. Ingredient Lacprodan® MFGM-10 – is a whey protein concentrate featuring the benefits of milk fat globule membranes (MFGMs).​

In September 2017, NZMP brand of Fonterra launched new protein ingredients that supply at least 10% more protein than other typical whey proteins, as it is made of lactic casein whey. The ingredient was launched with the aim of capturing a major market share in the USD 10 billion sports nutrition market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Milk Powders

        1. 5.1.1.1 Skimmed Milk Powders

        2. 5.1.1.2 Whole Milk Powders

      2. 5.1.2 Milk Protein Concentrate & Milk Protein Isolate

      3. 5.1.3 Whey Ingredients

        1. 5.1.3.1 Whey Protein Concentrate (WPC)

        2. 5.1.3.2 Whey Protein Isolate (WPI)

        3. 5.1.3.3 Hydrolyzed Whey Protein (HWP)

      4. 5.1.4 Lactose & Derivatives

      5. 5.1.5 Casein & Caseinates

      6. 5.1.6 Dairy Blenders & Replacers

      7. 5.1.7 Others

    2. 5.2 By Application

      1. 5.2.1 Bakery & Confectionery

      2. 5.2.2 Dairy Products

      3. 5.2.3 Infant Milk Formula

      4. 5.2.4 Sports & Clinical Nutrition

      5. 5.2.5 Other

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Arla Foods

      2. 6.4.2 Dairy Farmers of America

      3. 6.4.3 Euroserum

      4. 6.4.4 Fonterra Co-Operative Group Limited

      5. 6.4.5 FrieslandCampina

      6. 6.4.6 Glanbia, PLC

      7. 6.4.7 Kanegrade Ltd

      8. 6.4.8 Murray Goulburn Co-operative

      9. 6.4.9 Saputo Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON TH E MARKET

**Subject to Availability

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Frequently Asked Questions

The Dairy Ingredients Market market is studied from 2016 - 2026.

The Dairy Ingredients Market is growing at a CAGR of 5.83% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Amul, Arla Foods, Dairy Farmers of America, Fonterra Co-Operative Group Limited, HATSUN Agro Products are the major companies operating in Dairy Ingredients Market.

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