Dairy-based Ingredients Market was valued at USD 35.6 Billion in 2022 and is projected to reach USD 55.3 Billion by 2030, growing at a CAGR of 5.7% from 2024 to 2030.
The dairy-based ingredients market was valued at approximately USD 67.5 billion in 2022, with expectations to reach around USD 94.2 billion by 2027. This growth trajectory represents a compound annual growth rate (CAGR) of 7.0% from 2022 to 2027. The rising demand for dairy-based products in various sectors, including food and beverages, pharmaceuticals, and personal care, is driving the market expansion. Increasing consumer awareness about health and wellness, coupled with the growing preference for functional foods, significantly contributes to this upward trend.
Opportunity analysis reveals significant potential in emerging markets such as Asia-Pacific and Latin America. These regions are experiencing a surge in dairy consumption due to rising disposable incomes, urbanization, and changing dietary patterns. Additionally, advancements in dairy processing technologies and innovations in product offerings, such as lactose-free and fortified dairy ingredients, are expected to open new avenues for growth. The shift towards natural and organic ingredients is also anticipated to create further opportunities within the dairy-based ingredients market.
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Fonterra
Lactalis Ingredients
FrieslandCampina
Dairy Farmers of America
Ornua
Saputo
Sodiaal
Arla
Open Country Dairy
Murray Goulburn
Glanbia
Dairygold
Synlait Milk
Uelzena
Westland Milk Products
Valio
Tatua
Prolactal
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dairy-based Ingredients Market
Bakery & Confectionery
Dairy Products
Convenience Foods
Infant Milk
Sports Nutrition
Others
Based on Types the Market is categorized into Below types that held the largest Dairy-based Ingredients market share In 2023.
Milk Ingredients
Whey Ingredients
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dairy-based Ingredients Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dairy-based Ingredients Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dairy-based Ingredients Market, By Type
6. Global Dairy-based Ingredients Market, By Application
7. Global Dairy-based Ingredients Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dairy-based Ingredients Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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