Product Code: MRFR/F-B & N/1276-CR
Market Overview
Dairy Ingredients Market is anticipated to exhibit a healthy CAGR of 7.5% during the review period. The rising consumer longing for healthy and valuable food items is one element driving the development of the overall dairy ingredients market. Nonetheless, dairy fixing makers defy extraordinary rivalry from both homegrown and unfamiliar organizations in this exceptionally cutthroat market. Along these lines, makers of dairy ingredients might encounter valuing pressure and diminished net revenues.
The rising consumer craving for healthy and valuable food items is one variable driving the development of the overall dairy ingredients market. The significant supplements proteins, nutrients, minerals, and amino acids are bountiful in dairy parts. Various food items, including newborn child equation, prepared products, ice cream parlor, sports nourishment, and dietary enhancements, are made with these substances. Consumers are searching for food items that offer extra wholesome advantages as their attention on wellbeing and health increments. By working on the nourishing profile and useful characteristics of assorted food sources, dairy ingredients meet this prerequisite. The interest for dairy ingredients all over the planet has expanded because of consumers developing inclination for nutritious and helpful food things.
Market Segmentation
Based on type the market is divided into Milk protein, milk powders, concentrates, and isolates, whey components, lactose, and others.
The ingredient form segmentation is carried out based on powder and liquid. Based on Category, the Market is segmented into organic and regular. Consumers are increasingly seeking products that are produced without the use of synthetic pesticides, hormones, or genetically modified organisms (GMOs).
The Dairy Ingredients Market with the end-user segment is bifurcated into commercial and residential. The Dairy Ingredients Market segmentation is based on Supermarkets/Hypermarket Convenience Stores, Specialty Stores, Online, and Others. The Dairy Ingredients Market segmentation is based on bakery & confectionery, food & beverages, infant milk formula, and others.
Regional Insights
The Asia Pacific dairy ingredients market is expected to exhibit a significant CAGR of 9.1% during the study period. The Europe segment was the second-largest market in 2022, it is projected to exhibit a CAGR of 6.0%.
An increase in disposable income, rapid urbanization, and growing awareness about health and wellness is a major driver of the dairy industry in this region. Asia-Pacific has the largest consumer base for dairy products in the world. The growing population in the region and rising middle class, especially in countries such as India and China have doubled the consumption of dairy products over the last 30 years. In this region liquid milk is the most consumed dairy product however it is adapted to other dairy products including yogurt and sweetened or flavored milk as well. One of the fastest-growing dairy markets in this region is considered India and Indonesia. The North American dairy ingredients market is expected to grow at a significant CAGR. The increase in the athlete population and increased health and diet consciousness among youth has increased the growth in the dairy ingredients market in North America. The inclusion of technology and new features by vendors has proven to have a positive impact on the industry.
Major Players
Major Companies in the Dairy Ingredients market include FrieslandCampina N.V. (Netherlands), Arla Foods (Denmark), Glanbia Plc (Ireland), Fonterra Co-operative Group Limited (New Zealand), Kerry Group plc (Ireland), Dairy Farmers of America Inc. (United States), Groupe Lactalis (France), and Ornua Co-Operative Limited (Ireland).
TABLE OF CONTENTS
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 21
- 1.1 MARKET ATTRACTIVENESS ANALYSIS 22
- 1.1.1 GLOBAL DAIRY INGREDIENTS MARKET, BY PRODUCT TYPE 22
- 1.1.2 GLOBAL DAIRY INGREDIENTS MARKET, BY FORM 23
- 1.1.3 GLOBAL DAIRY INGREDIENTS MARKET, BY CATEGORY 24
- 1.1.4 GLOBAL DAIRY INGREDIENTS MARKET, BY END USE 25
- 1.1.5 GLOBAL DAIRY INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL 26
- 1.1.6 GLOBAL DAIRY INGREDIENTS MARKET, BY APPLICATION 27
- 1.1.7 GLOBAL DAIRY INGREDIENTS MARKET, BY REGION 28
2 MARKET INTRODUCTION 29
- 2.1 DEFINITION 29
- 2.2 SCOPE OF THE STUDY 29
- 2.3 RESEARCH OBJECTIVE 29
- 2.4 MARKET STRUCTURE 30
3 RESEARCH METHODOLOGY 31
- 3.1 DATA MINING 31
- 3.2 SECONDARY RESEARCH 32
- 3.3 PRIMARY RESEARCH 32
- 3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 33
- 3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS 33
- 3.4 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 35
- 3.4.1 BOTTOM-UP APPROACH 36
- 3.4.2 TOP-DOWN APPROACH 36
- 3.5 DATA VALIDATION 37
- 3.6 ASSUMPTIONS & LIMITATIONS 37
4 MARKET DYNAMICS 38
- 4.1 INTRODUCTION 38
- 4.2 DRIVERS 39
- 4.2.1 INCREASING DEMAND FOR NUTRITIOUS AND FUNCTIONAL FOOD PRODUCTS 39
- 4.2.2 GROWING CONSUMPTION OF DAIRY PRODUCTS IN EMERGING 39
- 4.3 RESTRAINT 40
- 4.3.1 INCREASING PREVALENCE OF LACTOSE INTOLERANCE AND DAIRY ALLERGIES 40
- 4.3.2 HEALTH CONCERNS AND DIETARY PREFERENCES 40
- 4.4 OPPORTUNITIES 41
- 4.4.1 RISING DEMAND FOR FUNCTIONAL FOODS 41
- 4.4.2 GROWING DEMAND FROM EMERGING ECONOMIES 41
- 4.5 CHALLENGES 41
- 4.5.1 REGULATORY AND QUALITY STANDARDS 41
- 4.5.2 INCREASING COMPETITION AND PRICE PRESSURE 41
5 MARKET FACTOR ANALYSIS 42
- 5.1 VALUE CHAIN ANALYSIS/SUPPLY CHAIN ANALYSIS 42
- 5.1.1 RAW MATERIAL SUPPLIERS 42
- 5.1.2 MANUFACTURERS 43
- 5.1.3 DISTRIBUTION CHANNEL 43
- 5.1.4 END-USERS 43
- 5.2 PORTER'S FIVE FORCES MODEL 43
- 5.2.1 BARGAINING POWER OF SUPPLIERS 44
- 5.2.2 BARGAINING POWER OF BUYERS 44
- 5.2.3 THREAT OF NEW ENTRANTS 44
- 5.2.4 THREAT OF SUBSTITUTES 44
- 5.2.5 INTENSITY OF RIVALRY 44
- 5.3 IMPACT OF CORONAVIRUS OUTBREAK ON GLOBAL MARKET 45
- 5.3.1 IMPACT ON PRODUCTION 45
- 5.3.2 IMPACT ON SUPPLY CHAIN OF DAIRY INGREDIENTS MARKET 45
- 5.3.3 IMPACT OF PRICING 45
- 5.3.4 OTHERS 45
- 5.4 DEMAND AND SUPPLY ANALYSIS 46
6 GLOBAL DAIRY MILK MARKET 49
- 6.1 INTRODUCTION 49
- 6.2 MARKET FACTOR ANALYSIS 49
- 6.2.1 DRIVERS 49
- 6.2.1.1 RISING CONSUMPTION OF DAIRY MILK PRODUCTS 49
- 6.2.1.2 INCREASING HEALTH AND WELLNESS TRENDS 49
- 6.2.2 RESTRAINTS 50
- 6.2.2.1 CHANGING CONSUMER PREFERENCE 50
- 6.2.2.2 PRICE VOLATILITY 50
- 6.2.3 OPPORTUNITIES 51
- 6.2.3.1 INNOVATION AND PRODUCT DEVELOPMENT 51
- 6.2.3.2 GROWING FOOD SERVICE INDUSTRY 51
- 6.2.4 CHALLENGES 52
- 6.2.4.1 COMPETITION FROM PLANT-BASED ALTERNATIVES 52
- 6.2.4.2 CLIMATE CHANGE 52
- 6.3 DEMAND AND SUPPLY ANALYSIS 53
- 6.4 GLOBAL DAIRY MILK MARKET, BY PRODUCT TYPE 55
- 6.4.1 WHOLE/FULL-FAT 55
- 6.4.2 REDUCED-FAT (2%) 55
- 6.4.3 LOW-FAT (1%) 56
- 6.4.4 FAT-FREE 56
- 6.5 GLOBAL DAIRY MILK MARKET, BY FORM 56
- 6.5.1 POWDER 57
- 6.5.2 LIQUID 57
- 6.6 GLOBAL DAIRY MILK MARKET, BY CATEGORY 57
- 6.6.1 ORGANIC 58
- 6.6.2 REGULAR 58
- 6.7 GLOBAL DAIRY MILK MARKET, BY END USE 58
- 6.7.1 COMMERCIAL 59
- 6.7.2 RESIDENTIAL 59
- 6.8 GLOBAL DAIRY MILK MARKET, BY DISTRIBUTION CHANNEL 59
- 6.8.1 SUPERMARKETS/HYPERMARKETS 60
- 6.8.2 CONVENIENCE STORES 60
- 6.8.3 SPECIALTY STORES 60
- 6.8.4 ONLINE 60
- 6.8.5 OTHERS 61
- 6.9 GLOBAL DAIRY MILK MARKET, BY APPLICATION 61
- 6.9.1 BAKERY AND CONFECTIONARY 61
- 6.9.2 FOOD AND BEVERAGES 62
- 6.9.3 INFANT MILK FORMULA 62
- 6.9.4 OTHERS 62
7 GLOBAL DAIRY INGREDIENTS MARKET, BY PRODUCT TYPE 63
- 7.1 INTRODUCTION 63
- 7.2 MILK POWDERS 65
- 7.2.1 SKIMMED MILK POWDERS 66
- 7.2.2 WHOLE MILK POWDERS 66
- 7.3 MILK PROTEIN CONCENTRATE AND MILK PROTEIN ISOLATE 66
- 7.4 WHEY INGREDIENTS 67
- 7.4.1 WHEY PROTEIN CONCENTRATE (WPC) 68
- 7.4.2 WHEY PROTEIN ISOLATE (WPI) 68
- 7.4.3 HYDROLYZED WHEY PROTEIN (HWP) 68
- 7.5 LACTOSE 68
- 7.6 OTHERS 69
8 GLOBAL DAIRY INGREDIENTS MARKET, BY FORM 70
- 8.1 INTRODUCTION 70
- 8.2 POWDER 71
- 8.3 LIQUID 71
9 GLOBAL DAIRY INGREDIENTS MARKET, BY CATEGORY 72
- 9.1 INTRODUCTION 72
- 9.2 ORGANIC 73
- 9.3 REGULAR 73
10 GLOBAL DAIRY INGREDIENTS MARKET, BY END USE 74
- 10.1 INTRODUCTION 74
- 10.2 COMMERCIAL 75
- 10.3 RESIDENTIAL 75
11 GLOBAL DAIRY INGREDIENTS MARKET, BY DISTRIBUTION CHANNEL 76
- 11.1 INTRODUCTION 76
- 11.2 SUPERMARKETS/HYPERMARKETS 77
- 11.3 CONVENIENCE STORES 77
- 11.4 SPECIALTY STORES 77
- 11.5 ONLINE 78
- 11.6 OTHERS 78
12 GLOBAL DAIRY INGREDIENTS MARKET, BY APPLICATION 79
- 12.1 INTRODUCTION 79
- 12.2 BAKERY AND CONFECTIONARY 80
- 12.3 FOOD AND BEVERAGES 80
- 12.4 INFANT MILK FORMULA 81
- 12.5 OTHERS 81
13 GLOBAL DAIRY INGREDIENTS MARKET, BY REGION 82
- 13.1 INTRODUCTION 82
- 13.2 NORTH AMERICA 84
- 13.2.1 US 88
- 13.2.2 CANADA 91
- 13.2.3 MEXICO 94
- 13.3 EUROPE 97
- 13.3.1 GERMANY 101
- 13.3.2 UK 104
- 13.3.3 FRANCE 107
- 13.3.4 SPAIN 110
- 13.3.5 ITALY 113
- 13.3.6 REST OF EUROPE 116
- 13.4 ASIA PACIFIC 120
- 13.4.1 INDIA 125
- 13.4.2 CHINA 128
- 13.4.3 JAPAN 131
- 13.4.4 SOUTH KOREA 134
- 13.4.5 INDONESIA 137
- 13.4.6 VIETNAM 140
- 13.4.7 AUSTRALIA AND NEWZEALAND 143
- 13.4.8 PHILLIPINES 146
- 13.4.9 REST OF ASIA PACIFIC 149
- 13.5 ROW 153
- 13.5.1 SOUTH AMERICA 157
- 13.5.2 MIDDLE EAST 160
- 13.5.3 AFRICA 163
14 COMPETITIVE LANDSCAPE 166
- 14.1 INTRODUCTION 166
- 14.1.1 MARKET STRATEGY ANALYSIS 166
- 14.2 COMPETITIVE BENCHMARKING 167
- 14.2.1 INTRODUCTION 167
- 14.2.2 PRODUCT PORTFOLIO 168
- 14.2.3 REGIONAL PRESENCE 168
- 14.2.4 STRATEGIC ALLIANCES 168
- 14.2.5 INDUSTRY EXPERIENCES 168
- 14.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 168
- 14.3.1 INVESTMENT 168
- 14.3.2 ACQUISITIONS 168
- 14.3.3 PRODUCT LAUNCH 169
- 14.3.4 PARTNERSHIP/COLLABORATION 170
- 14.3.5 AGREEMENT 170
- 14.3.6 EXPANSION 171
15 COMPANY PROFILES 172
- 15.1 FRIESLANDCAMPINA N.V. 172
- 15.1.1 COMPANY OVERVIEW 172
- 15.1.2 FINANCIAL OVERVIEW 173
- 15.1.3 PRODUCTS OFFERED 174
- 15.1.4 KEY DEVELOPMENTS 174
- 15.1.5 KEY STRATEGIES 175
- 15.2 ARLA FOODS 176
- 15.2.1 COMPANY OVERVIEW 176
- 15.2.2 FINANCIAL OVERVIEW 177
- 15.2.3 PRODUCTS OFFERED 178
- 15.2.4 KEY DEVELOPMENTS 178
- 15.2.5 SWOT ANALYSIS 179
- 15.2.6 KEY STRATEGIES 179
- 15.3 GLANBIA PLC 180
- 15.3.1 COMPANY OVERVIEW 180
- 15.3.2 FINANCIAL OVERVIEW 181
- 15.3.3 PRODUCTS OFFERED 182
- 15.3.4 KEY DEVELOPMENTS 182
- 15.3.5 SWOT ANALYSIS 183
- 15.3.6 KEY STRATEGIES 183
- 15.4 FONTERRA CO-OPERATIVE GROUP LIMITED 184
- 15.4.1 COMPANY OVERVIEW 184
- 15.4.2 FINANCIAL OVERVIEW 185
- 15.4.3 PRODUCTS OFFERED 186
- 15.4.4 KEY DEVELOPMENTS 186
- 15.4.5 SWOT ANALYSIS 187
- 15.4.6 KEY STRATEGIES 187
- 15.5 KERRY GROUP PLC 188
- 15.5.1 COMPANY OVERVIEW 188
- 15.5.2 FINANCIAL OVERVIEW 189
- 15.5.3 PRODUCTS OFFERED 190
- 15.5.4 KEY DEVELOPMENTS 190
- 15.5.5 SWOT ANALYSIS 190
- 15.5.6 KEY STRATEGIES 191
- 15.6 DAIRY FARMERS OF AMERICA, INC. 192
- 15.6.1 COMPANY OVERVIEW 192
- 15.6.2 FINANCIAL OVERVIEW 192
- 15.6.3 PRODUCTS OFFERED 192
- 15.6.4 KEY DEVELOPMENTS 192
- 15.6.5 SWOT ANALYSIS 193
- 15.6.6 KEY STRATEGIES 193
- 15.7 GROUPE LACTALIS 194
- 15.7.1 COMPANY OVERVIEW 194
- 15.7.2 FINANCIAL OVERVIEW 195
- 15.7.3 PRODUCTS OFFERED 196
- 15.7.4 KEY DEVELOPMENTS 196
- 15.7.5 SWOT ANALYSIS 197
- 15.7.6 KEY STRATEGIES 197
- 15.8 ORNUA CO-OPERATIVE LIMITED 198
- 15.8.1 COMPANY OVERVIEW 198
- 15.8.2 FINANCIAL OVERVIEW 198
- 15.8.3 PRODUCTS OFFERED 199
- 15.8.4 KEY DEVELOPMENTS 199
- 15.8.5 SWOT ANALYSIS 200
- 15.8.6 KEY STRATEGIES 200
- 15.9 SAPUTO INC. 201
- 15.9.1 COMPANY OVERVIEW 201
- 15.9.2 FINANCIAL OVERVIEW 202
- 15.9.3 PRODUCTS OFFERED 202
- 15.9.4 KEY DEVELOPMENTS 203
- 15.9.5 SWOT ANALYSIS 204
- 15.9.6 KEY STRATEGIES 204
- 15.10 VOLAC INTERNATIONAL LTD. 205
- 15.10.1 COMPANY OVERVIEW 205
- 15.10.2 FINANCIAL OVERVIEW 205
- 15.10.3 PRODUCTS OFFERED 206
- 15.10.4 KEY DEVELOPMENTS 206
- 15.10.5 SWOT ANALYSIS 207
- 15.10.6 KEY STRATEGIES 207
- 15.11 NESTLE S.A. 208
- 15.11.1 COMPANY OVERVIEW 208
- 15.11.2 FINANCIAL OVERVIEW 209
- 15.11.3 PRODUCTS OFFERED 209
- 15.11.4 KEY DEVELOPMENTS 210
- 15.11.5 SWOT ANALYSIS 210
- 15.11.6 KEY STRATEGIES 211
- 15.12 DANONE S.A. 212
- 15.12.1 COMPANY OVERVIEW 212
- 15.12.2 FINANCIAL OVERVIEW 213
- 15.12.3 PRODUCTS OFFERED 213
- 15.12.4 KEY DEVELOPMENTS 214
- 15.12.5 SWOT ANALYSIS 214
- 15.12.6 KEY STRATEGIES 215